09 Jun 2012Personal Finance

Euro zone agrees to lend Spain up to 100 billion euros

Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week.After a 2-1/2-hour conference call of the 17 finance ministers, which several sources described as heated, the Eurogroup and Madrid said the amount of the bailout...

Source : International Business Times | 347 Day(s) AgoCategory : Personal Finance

Spanish bailout could reach 100 billion euros: sources : International Business Times

Spain to get 100 bln euros after formal request : Reuters India

All 3 news..

No hike in domestic sugar prices: EID Parry

Ravindra Singhvi, MD of EID Parry and Narendra Murkumbi, MD, Shree Renuka Sugars discuss about the sugar industry. Ravindra Singhvi expects the trend to be bearish in the next 12 months with no big hike in domestic prices. Meanwhile, Narendra Murkhumbi expects strong shipments in the next two months.Ravindra Singhvi, MD of EID Parry and Narendra Murkumbi, MD, Shree Renuka Sugars discuss about the sugar...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

Obama says Europe has tools to address crisis

U.S. President Obama says Europe has the tools to address financial turmoil as he calls for more action in the United States. Deborah Lutterbeck reports.U.S. President Obama says Europe has the tools to address financial turmoil as he calls for more action in the United States. Deborah Lutterbeck reports.Former president of Tokyo Electric Power Co, the operator of the damaged Fukushima nuclear plant,...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

DealBook: Japanese Insider Trading Case Ensnares U.S. Firm, First New York Securities : The New York Times

Interest rates not too high to hurt growth: RBI

labourer arranges iron pipes at a market in Hyderabad May 31, 2012. REUTERS/Krishnendu Halder/FilesMUMBAI (Reuters) - Interest rates in India are not too high to affect growth, Reserve Bank of India Deputy Governor K.C. Chakrabarty said on Friday.The country's economy grew 5.3 percent in the March quarter, its lowest level in nine years.Most economists in a recent Reuters poll expect the central bank...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

Impact of high rates on growth being overplayed, says RBI : Newkerala

Greek tragedy: In search of the vanishing tourists

Yannis Behrakis travelled from Athens to the medieval town of Monemvasia, and to the modern Olympia Riviera resort near Ancient Olympia, to document how tourism is being affected by the country's economic crisis. Greece's sandy resorts, azure waters and ancient temples remain popular but will not be enough to pull the country out of a fifth year of recession. The pain is already being felt - tourist...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

US, Europe, and not rupee will drive IT stocks: Vivek Mavani

Vivek Mavani, independent market analyst & portfolio manager told NDTV Profit that both equities and the rupee should stabilise around current levels. He says that US and Europe issues will drive the IT stocks more than rupee.Vivek Mavani, independent market analyst & portfolio manager told NDTV Profit that both equities and the rupee should stabilise around current levels. He says that US and Europe...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

Simply gorgeous: Underground resort in China

Sky-high hotels and resorts are invariably impressive – shooting up as if to kiss the clouds. But what if a resort was created inside a deep gorge - would it look equally spectacular? Here are some artist impressions of the Songjiang Shimao Hotel project by engineering and design consultancy, Atkins.Songjiang Shimao Hotel is a resort that includes extreme sports facilities, visitor centre and a five-star...

Source : Yahoo Finance | 348 Day(s) AgoCategory : Personal Finance

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