Dubai, Oct 15 (IANS) Gulf markets again fell Wednesday after rallying for two days over renewed fears of the global financial crisis.
Paris, Oct 15 (DPA) The French Senate was due Wednesday to debate and vote on the government’s 360-billion-euro ($490 billion) bank rescue plan after the bill passed the lower National Assembly by a huge margin.
Brussels, Oct 15 (RIA Novosti) European Union (EU) leaders gathered here Wednesday for a two-day summit that will focus on the global financial crisis and the bloc’s relations with Russia.
New York, Oct 8 (DPA) A concerted rate-cutting move by the central banks of the world’s economic heavyweights appeared Wednesday to be meet with a positive, if tentative, response on European exchanges and early gains on Wall Street. But markets and investors were still obviously on a roller coaster ride much of the time.
New York, Oct 6 (DPA) Stock markets around the world plunged Monday as investors worried that government bailouts for sick banks were failing to cure a crisis that threatens to infect global trade and industry too.
In early trading in New York, the Dow Jones Index was off 3.2 per cent, slipping below 10,000 for the first time in four years. London’s FTSE 100 was off 6.8 percent at 4641 and Germany’s DAX lost 5.1 percent to 5503 in a new Black Monday.
Karachi, Oct 4 (DPA) Pakistan’s foreign reserve crisis deepened further Saturday as the central bank said it had lost around $700 million in just a week.
Washington, Oct 3 (DPA) US stocks rallied for the first time in three days as the US House of Representatives began debate Friday on a new version of the finance rescue plan that the White House says is desperately needed.
Hyderabad, Sep 25 (IANS) Bullish about India’s growing aviation market, US aerospace major Boeing sees a $20 billion opportunity in the defence sector alone over the next decade.
Dubai, Sep 24 (IANS) The United Arab Emirates’ (UAE) expenditure on information and communications technology (ICT) is expected to rise to $14.8 billion by 2011, the Gulf News daily reported.
Moscow, Sep 19 (RIA Novosti) A series of bankruptcies that have hit some leading air carriers and tour operators in the past month suggest that a serious crisis is brewing in global civilian aviation. Over the last six months about three dozen strong players have stopped or suspended operations. Among them are Russia’s AiRUnion, Britain’s XL Airways UK and Italy’s Alitalia.