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'I want to punch Greenspan & Paulson in the face' |
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I can hardly believe the stupidity, the sheer dumbness, of this whole mess. It makes me want to punch Greenspan and Paulson in the face. The financial markets that we built up are kind of a Potemkin Village. You know, $60 trillion dollars worth of nominal insurance against credits, and they only had $10 trillion in credits! |
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Financial Technologies buys UK-based ACE Group |
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Financial Technologies has bought a significant equity stake in UK-based Audit Control & Expertise Global Limited (ACE) Group, a global credit support organisation providing collateral control, field audits, inspection, monitoring and financial structuring services in the commodity trade and finance sector.
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Is global Gold demand slumping? |
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Sensing that gold offtake is on the skids as far as traditional jewelry demand is concerned, the World Gold Council launched a clever new campaign designed to offer small gold coins through India's post offices. |
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RBI announces Rs 25,000 crore liquidity package |
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Following major central banks across the globe in providing liquidity infusions, Reserve Bank of India on Wednesday decided to provide Rs 25,000 crore for lending to financial institutions. |
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The lessons from global economic crisis |
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What we are going through is an unprecedented crisis; we will be failing the world if we do not draw the right lessons to prevent its recurrence. It is not correct that markets and competition don't work, but it may not work in the absence of regulation. |
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Centralised clearing vital for credit default swaps |
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The current financial crisis is requiring policymakers to rethink the existing approach to market regulation and oversight. Many observers have singled out OTC credit derivatives, including CDS, as needing greater scrutiny and transparency.
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Chinese steel majors cut output on falling demand |
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In order to minimize huge losses , major steel producers in world’s largest steel producer China, has decided to cut output to support market prices. |
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India, South Africa, Brazil should share mining tech |
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Indian mining companies could invest in Amazon region rich in mineral deposts, it can source clean coal technology from S.Africa. In view of the environmental concerns, India, South Africa and Brazil should share mining technology. |
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The Olympics Effect: Is Chinese growth slowing? |
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China is not fully immune from OECD recession. That apart, the Olympics Effect that delayed investments in projects, slower growth rate of 10% due to tight monetary policies and subdued demand for various and Chinese economy is pausing for breath. |
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India Post to offer gold coins through post offices |
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In the first phase, gold coins in the denomination of half gram, one gram, 5 grams and 8 grams will be sold in over 100 post offices |
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Credit crisis could become food crisis: FAO |
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United Nations Food and Agriculture Organization ( FAO ) on Wednesday warned that ongoing credit crisis might lead to another food crisis if major donors stop aid to developing countries. |
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India's energy demand to zoom five-fold |
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India's energy demand is estimated to increase five fold over the next twenty five years. India's oil demand to grow at an average annual rate of 3.6 per cent from 119 metric million tonne (mmt) in 2004 to 196 mmt in 2011-12 and 250 mmt in 2024-25. |
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India reiterates demand for UN, G8 reform |
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India on Wednesday reiterated its demand for reforms in the UN, G8 and other international governance and emphasized that the voice of the developing countries should be heard. |
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Western Canadian farmland: Gold with a cash yield |
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Agcapita’s first farmland fund is finalizing its 2008 acquisition program in anticipation of the launch of a $50 million follow-on fund in late Q4 2008. With Jim Rogers on its advisory board, its plan for Western Canadian Farmland has gain more credibility. |
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Oil drops further in Asian trade |
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Oil prices continued to move into negative territory Wednesday and fell below $ 78 a barrel in Asian trade. |
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Gold slide continues for a fourth straight session |
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Gold prices continued their southward journey for a straight fourth session Tuesday while platinum, palladium, silver and copper prices advanced. |
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Oil falls below $79 in Asian trade |
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Oil fell again in Asian trade Wednesday as November delivery fell as much as 60 cents, or 0.8 percent, to $78.03 a barrel in after-hours trading on the New York Mercantile Exchange, and traded at $78.17 at 10:24 a.m. Singapore time. |
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Can bailout repair global financial system? |
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A slew of injections that would put this season's flu vaccination centres to shame continued around the world. Various banks were force-fed fresh capital whether they wanted/needed it or not. The process of shoring up and laying a new foundation for the badly damaged global financial system is well under way. |
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RBI to release another Rs 200 billion |
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Reserve Bank of India on Tuesday said another Rs.200 billion would be released for the needs of mutual funds. |
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Happy Diwali likely for India's investors! |
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Capital market is ready to cheer in this festive season. There are several reasons. First, there is nothing wrong with Indian Economy or Indian Capital Market as such. Proactive regulators geared up to insulate India from the heat of global credit crisis. |
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Silver may outshine gold |
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World Bank warned that the man-made catastrophe which started in the well-to-do world will likely have a severe and permanent negative effect on the poorest and still developing countries. |
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Gold
