MUMBAI: Rupee strengthened on Wednesday as gains in the local stock market raised hopes of some fresh capital inflows but traders said month-end dollar demand from oil firms and importers was likely to keep a lid on gains. At 10.00 am (0430 GMT), the partially convertible rupee was at 49….

Read More..

The global economic slowdown could cost Thailand a million jobs early next year and output will be slashed, the Federation of Thai Industries (FTI) said on Monday. “I think industries will cut their production by 20-30 per cent and about 900,000 to 1 million jobs will go in the firs…

Read More..

The global financial crisis inflicted more pain on a wide range of corporate sectors, prompting heavy losses in stock markets, while the IMF readied a rescue of some 200 billion dollars for debt-laden countries. …

Read More..

In what could be seen as a major confidence building measure, India has said it will support Pakistan government’s efforts to tide over a serious financial crunch by backing Islamabad’s plan to seek help from the IMF. …

Read More..

BRUSSELS: The trouble with telling nervous customers you have solved their problem is that you first have to admit there is one. That is the dilemma facing the world’s banks, governments and financial institutions as they desperately try to restore faith in an economic system which …

Read More..

MUMBAI: India will auction bonds worth 100 billion rupees ($2 billion) on Oct. 31, the finance ministry said in a statement after market hours on Friday. The central bank will auction 60 billion rupees of a new six-year bond and 40 billion rupees of the 7.95.. …

Read More..

LONDON: Britain’s economy shrank for the first time in 16 years between July and September, official figures showed Friday. The country’s economic output declined by 0.5 percent last quarter, according to Britain’s Office for National Statistics. …

Read More..

MUMBAI: Rupee opened trade on Friday at a record low of 50.15 per dollar, weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market. At 9 am, the partially convertible rupee was at 50.00/15 per dollar, compared with 49.81/82 at close on…

Read More..

TOKYO: The dollar fell on Friday to the lower 95 yen level, its weakest level against the Japanese currency in 13 years as fears grew of a global recession. The yen rose to 95.32 against the dollar, its highest against the greenback since August 1995, before easing slightly back. …

Read More..

BSE Sensex: (10170) we said we could technical ounce backs buy they would be fake and that’s was happened, the market saw fresh selling pressure. Now if the market has to go up then it just requires one UP day and that should be enough, until then it is tough times ahead. …

Read More..