Archive for October, 2008
Financial shares lead Wall St rally
The Dow and the S&P 500 climbed more than 1 per cent on Friday, led by financial shares as investors picked up bargains prompted byÂ
further signs of thawing in the credit markets.
An S&P index of financial stocks rose 2.8 per cent.
IT stocks bank on rate cut by Fed
Meanwhile, the BSE Sensex was up 647.01 points, or 7.15%, to 9,691.52
India’s third largest IT exporter by sales Satyam Computer Services rose 6.71% to Rs 301.70. India’s fourth largest IT exporter by sales Wipro rose 6.30% to Rs 272.45. Infosys Technologies, the country’s second largest IT exporter by sales gained 3.96% to Rs 1355, and [...]
McCain set for ‘Saturday Night Live’ cameo
John McCain’s campaign said on Friday the Republican presidential candidate will detour from battleground states to appear on “Saturday Night Live,” the late-night comedy show that has been a must-watch for many Americans during the political season.
Hosting the show this tomorrow is actor Ben Affleck, a supporter of Democratic candidate Barack Obama. The musical guest [...]
Bank of Japan cuts key interest rate
The Bank of Japan cut its key interest rate on Friday for the first time in more than seven years, finally joining central banks around the world in trimming borrowing costs to cushion the impact of the global financial crisis.
The Bank of Japan policy board voted in a rare 4-4 split decision to reduce the [...]