Spain won the Euro 2008 football cup , after a gap of over four decades, yesterday , by defeating the formidable Germany team 1-0. The Spain team was full of energy throughout the tournament and also have the distinction of having won all the games they have faced in the tournament.  The entire match was […]

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Hillary Clinton and Barak Obama yesterday shared the common platform talking the same language in an absolutely friendly manner. Barak Obama was all praise for Hillary Clinton for her excellent political acumen and her charisma, Hillary Clinton for her part praised Obama for his determination and requested all her voters and well wishers to vote […]

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The signs of weakening global growth are very much visible with the global mergers and acquisitions dropping by 35% in 2008 so far to 1.6 trillion dollars. This is expected to go down further with the key buying nations like US / China / India out of the buying mode and with not many other […]

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Russian team was handed out a stunning and neat defeat by the spectacular Spain team in the semi finals match yesterday. With this the Spain team is set for a marvelous clash with the German team which has also had a splendid run against all their opponents so far. The finals match to be held […]

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Crude oil prices climbed closer to the record high 140 dollars yesterday, sparked by remarks by the OPEC president that the prices will go up to 170 dollars in coming months due to the high demand from consuming countries and also due to the depreciation in US dollar and Euro. He added that the prices […]

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US senate is set to clear the mortgage aid plan with a view to let Federal Housing Administration to back 300 billion worth of new and cheap housing loans to around four lac distressed borrowers who would otherwise be considered risky and would not be eligible for loans from banks and institutions. The Republicans and […]

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The major Iron Ore producers of the world Rio Tinto and BHP Billiton have indicated to the world’s largest Iron ore consuming country China, that they must be ready for a steep hike in the prices for the coming year. Most of the Chinese steel makers annual contracts with these suppliers ends in June 2008. […]

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Reserve Bank of India has raised the lending rate to Banks from 8.25% to 8.75%. Simultaneously , it has raised the Cash Reserve Ratio by 50 basis points. Both these actions are expected to raise the cost of funds for banks and therefore to their customers immediately. This is expected to curtail demand for various […]

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The inflation in India has touched 11% which is the highest figure in the last 13 years and the government seems helpless with no control over the crude oil prices , and no control over the cooking oil and key industrial items like coking coal, aluminium and copper and zinc, which are the culprits for […]

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Chinese government has raised the retail prices of petrol and diesel by nearly 18% with a view to reduce the spiraling demand and also to reduce the mounting losses of the government run oil refining companies.  The inflation in China is already running high at nearly 8% and this price increase is expected to take […]

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