The ten dollar drop in crude oil prices in the beginning of this week was only an aberration. The crude prices touched a record 147 dollars on friday amid increasing tension between Iran and Western world. Iran tested more long range missiles for the second day leading to increased war of words from US secy [...]

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Providing the much needed respite to the whole world, crude oil dropped by nearly ten dollars in the last two days due to comments by Iran that it is indeed interested in resolving the issues with West through dialogs. Also the unwinding of speculative positions by some prominent traders would have done the trick. Still [...]

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Federer was at the receiving end for the first time in Wimbledon at the hands of Nadal. The five times Wimbledon champion gave a very tough fight to Nadal and the winning moment came only after a nail biting and closely fought match. With this Nadal gets his first Wimbledon title and that too by [...]

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Due to the tough market conditions for automobiles due to increasing oil prices and poor economic conditions, General Motors is considering to cut thousands of while collar jobs and is also considering whether it should sell or stop production of more of its brands. This restructuring is necessary to enable it to return to profitability [...]

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Warren Buffet, the acknowledged stock market legendary investor, who has made hundreds of millionaires in Europe and US, has donated 1.8 billion dollars to the fund of world’s richest man Bill gates. The money is proposed to be used for providing medical and other support to the poorest in poor countries.

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This week it is the turn of Saudi King to opine that the Crude oil prices are likely to stay firm due to high demand , and he said that oil consuming countries must reduce their local taxes and levies if they are really serious about reducing the burden on common man. This has sent [...]

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The Indian stock market hit their all time lows of below 14000 points only yesterday. Today they rebound with a vengeance with over 700 points rally which makes it the highest single day gain in the last five months. Analysts were saying that this rebound is only due to the short covering and the downside [...]

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Barak Obama has matured into a shrewd politician very quickly. After taking Hillary Clinton into his side and making her seek votes for him, he has now broken the ice with Bill Clinton and had a lengthy telephone conversation with him. Experts feel that more open support from Bill Clinton is likely for Barak Obama [...]

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The wild forest fire in Northern California has been raging for the last several days in spite of efforts by the local authorities. The fire has already destroyed greeneries and houses in the area covering around 500 square miles and authorities are fearing more damages in the next few days and have evacuated people nearby [...]

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Crude oil touched 144 dollars yesterday due to the increasing tension between US & Israel with Iran, and also due to the continued high demand for crude oil. The OPEC chief comment few days back to French media that the crude oil will touch 170 dollars shortly only added to the upward pressure. Most of [...]

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