Business News

Oil drops below US$114 on slowing economies Posted: 15 Aug 2008 02:53 AM CDT SINGAPORE (AP) _ Oil prices dropped below US$114 a barrel Friday in Asia as investors speculated slowing economic growth in the world's largest economies will continue to undermining global crude demand.

Oil falls below $114 on bearish global demand Posted: 15 Aug 2008 02:36 AM CDT By Felicia Loo

Gold falls below $800 for first time since Dec Posted: 15 Aug 2008 02:34 AM CDT By Lewa Pardomuan

India Art Summit to hard sell country's work Posted: 15 Aug 2008 02:33 AM CDT With the Rs 1,500-crore domestic Art market pegged to grow around 30-35 per cent annually, artists and art galleries from India and UK are gathering in the city next week for the first ever India Art Summit aimed at expanding it further.

Double-digit inflation to continue till Dec: D&B Posted: 15 Aug 2008 02:33 AM CDT Inflation is projected to remain in double digits till the end of this year as the fiscal measures initiated by the government are expected to yield results only by December, a latest report by Dun & Bradstreet says.

Govt taking steps to tame prices: PM Posted: 15 Aug 2008 02:33 AM CDT Rising prices are posing a challenge for the Indian economy but the government is taking steps to tame prices, Prime Minister Manmohan Singh said in a speech to mark Independence Day.

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