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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 take on 29.4.08 and 30.4.08.

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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 the total to 100 for 2 against the required 179. Later on with change of bowling initiated by Dhoni, Bangalore team started losing wickets like a pack of cards and were all out for less than 170 runs with two balls to spare.

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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 be gaining from this with the entire rest of the world in receiving / recession condition. The sooner the crude oil prices goes below 80$, the better it is for the world.

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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 in all the four matches has costed the Mumbai team dearer.