Stocks Biggest Week Ever Since 1974 and Auto Bailout Nearing

"U.S. stocks gained, capping the biggest weekly advance for the Standard & Poor’s 500 Index in 34 years, on speculation that government bailouts will shore up the economy."The S&P 500 soared by more than...

Asian stock soar on global cues

The Mumbai stock market Sensex opened higher on Tuesday, taking cues from a rally across global markets after the U.S. government's rescue of Citigroup relieved wary investors.Markets surged in the opening...

Inflation falls at record pace to 4.5%

As the value of the pound outside of the UK sinks, it appears that inflation within the country is falling as well. Inflation in th eUk fell at a record pace in October, data released today shows."Inflation tumbled at a record pace in October to 4.5 per cent, down from the...

36% of Korean Male Adults Obese

"Thirty-six out of every 100 Korean male adults are obese, according to a report Monday. The consumption of high calorie foods and less physical exercise are responsible for the emergence of the overweight adults, the Korea Center for Disease Control and Prevention said. It...

Google Site Search gets more demanding

With Google Site Search, you can create a search engine for your organization's websites in just a few minutes. " Customers today demand speed. Waiting around is so, well, yesterday -- as so many of the...

Karachi Nazim, Mustafa Kamal placed among top-three world mayors

"KARACHI: Reputed journal, Foreign Policy in its report has declared Karachi Nazim, Syed Mustafa Kamal the second best mayor of the year 2008 world.Foreign Policy report titled ‘The Mayor of the moment’ said that Germany’s Berlin City Mayor, Klaus Wowereit, 55 topped...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

World stocks rally before U.S. vote outcome

" LONDON (Reuters) - World stocks hit a two-week high on Tuesday as investors shifted their focus to the U.S. presidential vote while they anticipated aggressive interest rate cuts from European central banks this week. Democrat Barack Obama holds a decisive edge over...

Bank of Japan cuts key interest rate

"Friday October 31, 2:18 am ET By Tomoko A. Hosaka, Associated Press Writer Japan's central bank cuts key interest rate to 0.3 percent in close vote; first cut in 7 years TOKYO (AP) -- The Bank of Japan voted Friday to cut its key interest rate for the first time in more...

Asia stock markets surge after Fed rate cut

"Asian stock markets surge after Fed rate cut; South Korean index up 12.7 percent HONG KONG (AP) -- Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy...

Asian stocks soar on rate cut hopes

The buying spree led US sharing soaring on Tuesday and Wall Street had  the second-largest point gain in history for blue chips. The fresh hope in the market came with expectation of  a rate cut and...

US: consumer confidence hits record low in 40 years

As the US recession unfolds, new figures show consumer confidence continues to fall. "Consumer confidence fell from a reading of 61.4 in September to 38 this month – the lowest level since the index was...

Asian markets extend losses

The impact of the US financial crisis continues to strike some markets across Asia today. "Japan's Nikkei fell more than two per cent on Tuesday to drop below the 7,000 point mark for the first time since...

Recession fears keep Asian stocks under pressure

Stocks market in Asia continues to slide. Markets opened mostly lower in early trade on Tuesday, a day after steep falls, as investors braced themselves for a severe worldwide economic downturn.  Due to Diwali holidays Indian market is closed. Fears of a deep...

Nikkei plunges to 26-year low

As the global recession continues, Nikkei Index expresses the mistrust in the volatile financial markets. It falls 20% to a 26 year low. "Elsewhere in Asia markets in Hong Kong, Australia and the...

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