Airlines prices are soaring high as never before. This rise is being fuelled by rising record crude oil prices. Around 2004 the ATF price in India was Rs 21,000 per kiloliters and now it is Rs 71,000 per kiloliters. This has eaten all the airlines profits and now they are deep in losses. It is […]
Credit worries set tone for Wall Street on 18 August 2008
On 18 August 2008, when the trading session of Wall Street started, there was way too much negativity going on in the market. During the time of this post, the market is in the red zone, Dow Jones Industrial Index is down by 161.05 or 1.38 percent. The tone was set by credit worries which […]
How Will Battle over South Ossetia Affect Foreign Investments?
Posted by Anne Szustek to findingDulcinea The outbreak of war in the Caucasus casts a shadow on Georgia’s viability as an energy partner for the West. But is Georgia’s loss Russia’s gain? Georgia, until very recently, was considered a strategic safe haven for oil transport—one that would help the European Union remain independent from Russian […]
New Opportunities For Guinea-Bissau
Ngozi Okonjo-Iweala, the managing director of the World Bank, delivered a message of hope to the people of Guinea Bissau at the end of her two-day visit to the West African country recently. ” I heard a lot about challenges in this fragile state, including a debt equivalent to 400 per cent of the gross domestic […]
Meredith Whitney Tells Fortune Magazine: Banks, Credit Still in Trouble
Oppenheimer & Co. Financial Analyst Meredith Whitney warned that the credit crisis is nowhere near over in an interview in Fortune Magazine’s upcoming issue. Meredith Whitney is known for correctly predicting that the tenuous relationship between banks and credit-rating agencies would tumble. Banks are not reporting all of their credit losses, Whitney says, meaning that […]
US Calms Investors
The heads of the United States,US, Federal Reserve and Treasury have moved to calm fears about the financial health of the nation’s two largest mortgage firms. Shares in Fannie Mae and Freddie Mac recorded another poor trading in recent weeks amid talk of a government ball-out. Ben Bernanke, head of the reserve, and Henry Paulson, […]
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