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International Markets



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ECB Trichet's comments show central banks' delicate balancing act

Filed under: International markets , Indices , DJIA , Financial Crisis European Central Bank President Jean-Claude Trichet jolted the markets Friday with the announcement that the ECB will gradually withdraw the emergency cash injections it has added to the financial system, in order to prevent an acceleration in inflation. "Not all our liquidity measures will be needed to the same extent as...

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Manufacturing in the Philadelphia area grows at a faster pace

Filed under: International markets , Forecasts , Market matters , Economic data , Recession What is the Philly/Fed Index and why is it important? The Philly/Fed Index measures manufacturing activity in the Philadelphia area. While it measures only one area of the country, over the years it has been a leading index for manufacturing overall. Why bother measuring the manufacturing sector? The main reason...

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RIL moves towards a mega takeover

Its offer to acquire Dutch firm will outdo Tata's Corus deal if it comes through.

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AirAsia set to become most connected non-local airline in India

AirAsia also announced three more flights to Chennai, Bangalore and Hyderabad starting from April next year.

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'Premier Trading House' status for NALCO

The aluminium major had been been recognised as a 'Five Star Trading House' since 2005 for its substantial contribution to export of aluminium metal.

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Shubhalakshmi Panse takes charge as ED of Vijaya Bank

Panse comes from Bank of Maharashtra with an experience in various fields for over 33 years.

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PNB plans to acquire majority stake in Kazakhstan-base bank

The bank is trying to take a 74% stake in a bank called Dana Bank in Kazakhstan, subject to RBI approval; the bank has completed due deligence, which is now being whetted.

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Shell in talks to buy 10% of Essar Oil

Besides the stake sale, Essar is also looking at raising $1.5 billion in debt as working capital for the three refineries.

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ICICI Bank raises USD750 mn through bond issue

The issue, which had an order book of over USD3 billion, was participated by over 250 investors.

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Hershey mulls $17billion solo bid for Cadbury: Source

US chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc.

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India third largest economy by 2050: Carnegie Endowment

India will be the third largest economy in the world after China and United States by 2050, a foreign-policy think tank has said.

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MACHTECH to be held in Vadodara

MACHTECH is a series of mega industrial exhibitions conceived and conducted by KMG Business Technology, Ahmedabad.

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BSNL's sanchar rath flagged off

The Kutch Telecom District of BSNL has launched the state's first aggressive marketing for its mobile services through a Sanchar Rath which was flagged off in Bhuj.

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JSW seeks alliances for cement, aluminium business

Rio Tinto Alcan also said to have approached firm for equity tie-up.

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Celebrating the CEO of the Decade

Steve Jobs' name conjures up images of a fighter, a hero. No man has held the creativity and innovation forte as strongly as he.