Tuesday, September 30, 2008

Business News

Business News

Oil falls below $94 after dive on financial turmoil

Posted: 30 Sep 2008 02:56 AM CDT

By Fayen Wong

Gold trade sees modest rise ahead, possible spike

Posted: 30 Sep 2008 02:45 AM CDT

By Chikafumi Hodo and Jonathan Leff

Private equity firms buy Lehman's Neuberger Berman

Posted: 30 Sep 2008 02:39 AM CDT

By Megan Davies

No settlement issues with stock exchanges: SEBI chief

Posted: 30 Sep 2008 02:35 AM CDT

New Delhi, Sept 30 (ANI): SEBI Chairman C.B. Bhave today said that SEBI is closely monitoring markets and has verified with stock exchanges that there are no settlement issues.

Kashmiri Pashmina patented by the Indian Government

Posted: 30 Sep 2008 02:35 AM CDT

In a significant move the Government of India has patented the traditional Kashmiri Pashmina shawl to prevent its imitation that has been causing heavy losses to the weavers in the valley.

US bailout blow triggers stampede to safety

Posted: 30 Sep 2008 02:25 AM CDT

By Tony Munroe

ICICI Bank has sufficient liquidity - RBI

Posted: 30 Sep 2008 02:21 AM CDT

MUMBAI (Reuters) The Reserve Bank of India (RBI) said on Tuesday that ICICI Bank has sufficient liquidity to meet the needs of its depositors, and that the bank and its subsidiary banks abroad were well capitalised.

Nikkei hits three-year low on Wall Street's heavy selloff

Posted: 30 Sep 2008 02:20 AM CDT

Tokyo, Sep 30 (DPA) Japan's benchmark Nikkei 225 Stock Average tumbled to a three-year low Tuesday after a massive selloff overnight on Wall Street.

BSE Sensex turns positive after hitting 2-yr low

Posted: 30 Sep 2008 02:11 AM CDT

NEW DELHI (Reuters) The BSE Sensex turned positive on Tuesday afternoon as investors chased bargains in the battered market, with a recovery in some Asian markets also helping sentiment.

Cadbury recalls chocolates amid fear of contamination from toxic Chinese milk

Posted: 30 Sep 2008 02:05 AM CDT

Melbourne, September 30 (ANI): Confectionery giant Cadbury has decided to withdraw products manufactured in its Beijing factory from the market, following fears of contamination from toxic Chinese milk.

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