Although, slumping prices for the new homes is trimming the profits of homemakers yet the Federal Reserve officials are worried about the inflation. Federal Reserve voted to steady the interest rate on 5.25, to study the economy better.
May 9...
Archive - May 2007
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A consortium led by Royal Bank of Scotland raised the bid for ABN Amro, offered €71.1billion ($95.6billion), topping the Barclays Plc’s an all-share offer of 63.8 billion euros. A group will pay more than €56billion in cash, which..
BP is returning to Libya to drill oil after 30 straight years, thanks to the outgoing British Prime Minister Tony Blair’s effort and Libyan government's lenient attitude. BP left North African country when Muammar Gadafy nationalized its oil...
A senior U.S. official, speaking on conditions of anonymity, said yesterday that Robert Zoellick, a former U.S. Trade Representative, has been chosen to succeed Paul Wolfowitz at the World Bank. He further added that President Bush is likely to...
India is growing with great pace of development and the national leadership is concentrating to put the sectors such as agriculture and power on the line of development now.
The next target for India is to achieve 10 percent growth rate. Now, a...
Battle between US and Iran is not soothing down. US is trying to isolate the Islamic Republic over its atomic program as it urged to all European banks and energy firms to sum up their business with Iran. US sent a blunt message to their European...
The bullish upsurge in the Chinese stock market continues unabated. Yesterday, the benchmark Shanghai index hit a record high for a second day in succession. For the first time in history, it breached the 4,000 level.
Shanghai's benchmark CSI...
Paul Wolfowitz, the departing president of World Bank, on Monday, once again refused to take the blame for his exit from the Bank. In an interview to the British Broadcasting Corporation, he blamed media and 'overheated emotions' at the Bank for his..
Russia bids to translate St. Petersburg meet of business leaders in to a Davos style forum showing the accent of Russian economy. With a dual aim of economic development and overshadowing mounting political dissent against Putin administration, ...
Zimbabwe government is giving another jolt to its shattered economy as President Robert Mugabe announced to seize majority shares in all of Zimbabwe's foreign-owned businesses and mines, which could jeopardize the inflation smacked economy.
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