A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the ‘Financial Times’. The fund, known as Goldman Sachs Investment Partners, has told investors it lost $989 million by September, the …

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SHANGHAI: China’s main stock index slipped 0.76 per cent on Tuesday to a 26-month closing low as worries about the slowing economy weighed on sentiment, with metals shares sliding on news of output cuts due to slack demand. The benchmark Shanghai Composite Index ended at 1,706.703 p…

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The approximate cost of the Vessel is US$55mn and scheduled for delivery in the last quarter of Calendar Year 2010. Garware Offshore Services Ltd has bagged an order with Havyard Leirvik AS, for a Multi Purpose Platform Supply Vessel of 4500 DWT. The Vessel will have Diesel Electric Propu…

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UMBAI: Country’s top 10 companies, including Reliance Industries and ONGC, witnessed an erosion of over Rs 3.17 trillion from their combined market capitalisations in October, as the bourses bore the brunt of the global financial crisis. The combined market cap of the elite club saw…

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UMBAI: The real estate bubble has finally burst! The sector that was in the limelight a year ago is simply coming apart. Severe cash crunch with bank loans drying up, sales plunging, demand falling and stock market crashing have compounded the worries for real estate companies. The real e…

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NEW YORK: Never mind the financial crisis: with just days before the American presidential election, investors on Wall Street are betting big on a win for Democrat Barack Obama. But they wouldn’t be unfavorable to an upset by Republican John McCain. “Given Obama’s advanc…

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India’s annual inflation rate eased to a 4-½ month low in mid-October and could be in single digits before the end of 2008, giving the Reserve Bank of India (RBI) room to cut rates further to shore up growth, analysts said on Thursday. …

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ed drops key interest rate from 1.5% to 1% in a bid to boost economic growth and increase the availability of credit. In its bid to boost economic growth and increase the availability of credit, the Fed today cut its key interest rate from 1.5% to 1%. …

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Avoid any fresh buying unless you want to pick up stocks for the long term. Thursday being a holiday, you never know how global markets shape up. F&O expiry and speculations of the US FEDs decision on the interest rate kept the Indian markets highly volatile. …

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Oil prices dipped below $63 a barrel on Tuesday as concerns about faltering demand offset OPEC comments suggesting the producer group could throttle back output again to support prices. US crude settled down 49 cents at $62.73 a barrel, after trading as high as $65.20 earlier. London Bren…

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