Deutche Bank reported on Tuesday 29th April 2008 , its first quarterly loss in five years. It attributed the losses to the drastic impact of the credit crisis. The largest Bank of Germany also said the short term outlook still remains highly uncertain. The Net revenues plunged by over 50%. The corporate and Investment Banking […]

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Europe’s two biggest oil companies BP and Royal Dutch Shell have delivered more than expected profits for the first quarter. This has been made possible due to the abnormally high crude oil prices which are near their record high of 120$. However BP warned that the output would be about the same this year […]

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West asia economies which are dependent on crude oil sales for their livelihood are happier lot for the last two years since crude oil has moved from below 30$ per barrel to over 115$ per barrel. Wherever you go in Dubai or Saudi Arabia and Abu Dhabi you will find the construction machines roaring […]

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India’s Central Bank i.e, Reserve Bank of India is expected to announce it’s annual policy today morning. Inflation has hit an all time high of 7.4% two weeks back and continues to be a major embarassment for the ruling goverment for the last several weeks, which had forced the RBI to announce Cash Reserve Ratio […]

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Warren buffet will be meeting over 10000 stakeholders in his annual meeting in Berkshire coming month. As usual he is expected to face a volley of questions on sub-prime, derivative issues, global oil prices, commodity price run, his insurance foray etc. The meeting is expected to be quite interesting and also help people to try […]

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The entire financial world is looking eagerly to the actions of Ben Bernanke the US FED chief , scheduled to be part of the monetary fiscal action for stemming the US slowdown. With inflation trickling a little higher, most experts feel that this could be the last 25 basis point cut which US FED might […]

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For Mahendra Singh Dhoni, the tide is still going strongly in favour. His Chennai Super Kings team beat the Bangalore Royal team today at Bangalore in a nail biting match. At one point Chennai Super Kings team was all set for losing the match, due to the strong batting by Taylor and Jaffer who took […]

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The Mumbai Indians player and the replacement captain Harbhajan singh is in big trouble as he slapped the opponent player Sreeshanth. The hearing is scheduled to take place tomorrow and the IPL commissioner has said that he may face something between a ten match ban to a life time ban.

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Crude oil continues to trade at 118 dollars a barrel. This is definitely a more dangerous scenario which can hit not only the developing countries but will also start badly hurting good part of developed economies. This can have a cascading effect of global level depression. Only the oil and gas producing countries seem to […]

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Mumbai indians were crushed to a poor defeat by the Punjab team today , with the excellent batting by Adam Gilchrist for Punjab team. He was in devastating form and scored the fastest 100 in twenty-twenty match format in just 42 deliveries. He hit 10 sixes across the ground almost from each bowler. Sachin’s absence […]

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