Indian stock Market tanks on likely US hedge funds redemption

Despite the bailout plan approved by US Congress, Indian stock market tanked due the negetive sentiments in other world markets.Since morning Asia and Europe markest have been slipping.  " The...

Food prices to stay high for a decade

An FAO summit held in response to the glopbal food crisis has concluded that the era of cheap food for the Earth is over, and that global food prices are likely to remain high for at least the next decade. This...

Rate cut looms as calm is restored

"Hopes of an early cut in interest rates after the Northern Rock crisis leapt yesterday as inflation took a surprise tumble and the US made an aggressive reduction in its rates by half a point. As the run on Northern Rock appeared to have all but petered out, the odds of...

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