Stocks sank, extending the worst U.S. slump since the bear market in 2008, while Treasuries gained and gold reached a record after Standard & Poor’s cut the nation’s credit rating. The Dow Jones Industrial Average lost as much as 605 points, led by a 22 percent slide in Bank of A…

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Standard & Poor’s downgraded the U.S.’s AAA credit rating for the first time, slamming the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits. S&P lowered the U.S. one level to AA+ while keeping the out…

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“Enjoy it while it lasts” the old saying goes. And much the same can be said about the longevity of the current bounce in the beaten down U.S. dollar. Today’s undeserved jump has been fueled by not one, but two Central bank interventions in as many days, as both Tokyo an…

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Ending a three-day standoff with BJP central leadership, Karnataka Chief Minister BS Yeddyurappa today submitted his resignation to the Governor following his indictment in illegal mining scam by the Lokayukta, saying that he has been accused unfairly. Amid high-voltage drama, Yeddyurapp…

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The Supreme Court on Friday dealt a blow to illegal mining by ordering suspension of all mining activities in Karnataka’s Bellary district with immediate effect. The order will affect about 100 iron ore mining leases covering 10,686 hectares. It follows a ban on mining iron ore a few m…

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Mumbai: India’s central bank Tuesday sharply hiked key rates by 50 basis points in the 11th such exercise since January 2010 to tame stubborn inflation, setting the stage for auto, housing and commercial loans to become dearer once again. The repurchase rate, the interest the centr…

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Following is the list of stocks having the maximum P/E (PE). For people who don’t know what P/E is about I recommend them to check it out here. The list is gen…

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What is a CRR rate? Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from…

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MUMBAI (Reuters) – India’s largest private airliner, Jet Airways, on Friday surprised the markets by posting a much lower loss than expected on better revenue and a one-time gain, but the carrier cautioned high fuel and intense competition hurt performance. The Mumbai-based a…

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Eyewitness Ingunn Anderson says she saw many injured people Norway has been hit by twin attacks – a massive bomb blast in the capital and a shooting attack on young people at a governing Labour Party youth camp. At least seven people were killed in the bombing, which inflicted hug…

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