Tuesday, September 16, 2008

Business News

Business News

Indian shares slump following global financial crisis

Posted: 16 Sep 2008 02:35 AM CDT

Mumbai, Sept 16 (ANI): Shares of top outsourcing firms, which earn a key part of their revenues from the U.S. banking and financial services sector, continued to fall sharply on Tuesday.

Dhaka envoy new head of Unctad body

Posted: 16 Sep 2008 02:31 AM CDT

Dhaka, Sep 16 (IANS) Bangladesh's permanent representative in Geneva, Debapriya Bhattacharya, has been elected president of the Trade and Development Board (TDB) of the UN Conference on Trade and Development (Unctad) for one year.

Nikkei falls 5 pct to 3-yr low, Lehman failure bites

Posted: 16 Sep 2008 02:26 AM CDT

By Aiko Hayashi

Oil plunges to $92 in Asia on US credit fears, 1st Ld-Writethru, AS

Posted: 16 Sep 2008 02:26 AM CDT

SINGAPORE (AP) _ Oil prices plummeted Tuesday in Asia, falling briefly below $92 a barrel as investors feared the U.S. credit crisis that brought down brokerage giant Lehman Brothers will drag on global economic growth and restrain demand for crude.

Reliance Infra eyes India steel plant - official

Posted: 16 Sep 2008 02:12 AM CDT

RANCHI (Reuters) - Reliance Infrastructure has proposed investing 400 billion rupees ($8.6 billion) to build a steel plant with a capacity of 12 million tonnes in the eastern state of Jharkhand, a senior state official said on Tuesday.

Lehman demise ripples across Asia financial system, AS

Posted: 16 Sep 2008 02:10 AM CDT

HONG KONG (AP) _ The Bank of Japan injected 2.5 trillion yen, or US$24 billion, into money markets Tuesday as regulators across Asia moved to bolster their financial systems after the collapse of U.S. investment house Lehman Brothers.
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