India got their first Olympics gold in an Individual event after nearly 25 years, through Abhinav Bindra. He shot to fame by clinching the gold medal in individual shooting event few days back. Overnight, Bindra is now known to over 50% of the Indians from nowhere. Many state governments have lined up to felicitate his […]

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Crude oil cooled down to a new low of 113 dollars a barrel few days back, due to increased fear that the demand is set to crash across all the countries, especially the guzzling countries like US, Europe, China and India. With demand set to crash, speculators are said to be unwinding faster, and this […]

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Russia has got into a full fledged bombing of Ossettia town which is part of Georgia. Georgia government has , of late, been seen closer to US which has irked Russia. With the revolt by revolutionary forces supported by Russia being resisted by Georgia, Russia has found a easy excuse to start barging into Georgian […]

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Historical data review reveals that the economic growth in Olympics hosting countries recede by anything between 1% to 3% in the years post Olympics completion. Thus, we can expect China to face a reduced growth rate in coming years since their economy is anyway overheated. This can spell good news for many other developing countries […]

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Much to the liking of experts and investors, the Bank of England and the European Central Bank this week decided to keep their interest rates at current levels. Both the central bankers have warned of bleak economic prospects in the near term, and have expressed their concern that the inflation levels may take time to […]

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Crude oil prices cooled off further yesterday with the prices touching a new low of 117.4 dollars to a barrel in intra day trades. This was primarily due to the strengthening of the US dollar versus other currencies owing to the FED decision to keep rates unchanged and also due to fears that the crude […]

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The US federal reserve, the most powerful central banker in the world, chose to keep its benchmark interest rate at 2%, but in its qualitative comment, warned that the risks of inflation are very high and also the risks of growth rate are also very high. It also said that the mortgage and credit market […]

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US auto sales crashed by over 10% for ninth month continuously, and this has sent shock waves across other industries as well. Automobile sales of GM,Ford, Toyota all fell by 4% to 25% last month. With all the other industries depending on automobile industry in some form or the other, experts feel that some action […]

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The most valued company in the world, the General Motors, reported a huge 15.5 billion loss in the recently ended second quarter of 2008 sending shocks through the investing community on the health of the automobile industry and specifically the leading players like GM, Ford etc.
The loss was primarily due to the drop in sales […]

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US government agency, CIA , has accused the Pakistan government agency, ISI, of having terrorist links which is spoiling its efforts in restoring normalcy in neighboring Afghanistan. This is indeed expected to put lot of pressure on the new Pakistan government , and with Obama and Mccain owing their fight against terrorism, Pakistan does not […]

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