Light sweet crude rallied by 9 percent to $54 per barrel as production outcut cut expected from OPEC. The price of crude had fallen to 3 and a half year low to $48.25. The president of OPEC Chakib Khelil revealed that a further output reduction of more than 1 million barrels per day would definitely […]
75 Basis Point Rate Cut Sents Stocks Soaring
According to media reports, a three-quarter point cut in the Federal Reserve’s benchmark interest rate sent stocks skyrocketing on Tuesday. In a stiff battle against the contagion of the credit crisis, the Fed took its most agressive action in the last 25 years. And Wall Street was back in business drawing in its biggest gains […]
This Man Thinks the Stock Market Could Fall 70%
Meet Albert Edwards, an investment strategist for Societe Generale (or "SocGen" for short). Though SocGen is a French bank, Mr. Edwards is based in Britain. It is there he has developed a reputation as "the City of London’s best-known permabear" (via The New York Times). Also via the NYT, Mr. Edwards has called […]
Mukesh Ambani and RIL: Soaring to global heights
<p>Mukesh Ambani and Reliance Industries Limited (RIL) are synonymous entities. Each is incomplete without the other and in retrospect; the success of one is inevitably the consequent of the other. In the last 20 years, Reliance Industries has established for itself a profound standing in the sectors of energy, petroleum and petrochemicals, with the end […]
With Interest Rates Soaring, Invest in Fixed Deposits of Banks
Bank fixed deposit (FD) rates had never been so good in a decade as at present. FD rates for some of the Banks are up to 10.5% for senior citizens (one who has completed 60 years of age) and 10% for general citizens. With the stocks plummeting, it is now the time to park a […]
Gold Prices Soaring in India, World’s Largest Gold Market
Prices of gold have moved up even as stock markets tank around the world. The ongoing turmoil has shown up gold as an effective hedge against financial uncertainty. Gold prices crossed Rs 13,500 in the Indian market on Monday even as the price of a gold sovereign crossed Rs 10,000 for the first time. For […]
- 1
- 2
- 3
- …
- 6
- Next Page »