Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders' efforts to cut costs and preserve capital. European bank shares tumbled to an 11-year low, and U.S. banks approached

The beleaguered General Motors Thursday said it is cutting more management jobs and stopping some employee benefits, including contributions to so-called 401K private employee savings plans, according to the Detroit News. "The global credit crisis has had a dramatic impact

Mexico's central bank sold 1.096 billion dollars of its foreign exchange reserves Thursday to boost the peso, dpa reported. The Bank of Mexico sold 1 billion dollars as markets opened and the remainder later in the day. The value of

Trend News/ George Bush 's administration requires immediate demilitarization of Ahal-gori and Kodori Valley. Deputy spokesman of the U.S. Department of State Robert Wood said that on Thursday in Washington, oficial site of State Department reported. According to him, official

The airlines' losing streak continued Thursday, as high fuel costs and sagging economy put a drag on operations, dpa reported. The country's sixth largest passenger carrier US Airways flew deep into the red in the third quarter, like most of

Most US stock indices closed higher Thursday, led by an increase in oil prices that helped energy firms, and overshadowing more depressing news from the US housing market, dpa reported. The rally was part of another volatile trading day and

Microsoft issued a rare emergency patch on Thursday to fix a critical bug in its Windows operating system, which could be exploited by online criminals to take over individual and corporate computers, dpa reported. It was the first time since

US software giant Microsoft has posted profits and sales figures well above analysts' expectations, BBC reported. The firm made a $4.37bn profit during the first three months of its financial year, up from $4.29bn a year ago, while turnover rose

Starting Yesterday, if you visit Baidu space , you will be able to chat with other Baidu users within your browser. If you logged in your Baidu account, you will see a little Baidu Hi logo right beside your user

A Eurofighter Typhoon fighter aircraft in the full two-tone grey livery of the Royal Saudi Air Force (RSAF) has flown for the first time today at BAE Systems' Warton Aerodrome in Lancashire, North West England. This milestone marks the start

The Boeing Company today announced that it has successfully tested a fuze well (the area where the fuze is installed) and fuze for high-speed penetrator warheads along with its partners Applied Research Associates (ARA), L-3 KDI Precision Products and Ellwood

Source:http://www.business-standard.com Troubled Swiss banking major UBS today said that "recession can no longer be avoided after the sustained losses on the equity and real estate markets and the credit crunch that is becoming increasingly entrenched". It suggested US economic output

Source: http://www.dailytimes.com.pk The new moon of the lunar month of Kartika marks Diwali, the Indian festival of lights, when Hindus across the country worship the goddess of wealth, Lakshmi. But divinities know full well the laws that govern finance and

Source:http://www.expressbuzz.com BANGALORE: The global financial crisis seems to have hit the realty business severely, especially in Bangalore . Uncertainty in the Indian equity market and speculation over property prices have put the developers in a grim situation. Over 450 flats

A volley of US missiles rained down on a Pakistani school linked to a Taliban leader in an attack that killed at least nine people just hours after the country's parliament warned against incursions into its territory.

Suspected US drones fired missiles into a Pakistani village early today, killing at least seven people, residents and an official said.

A huge explosion at an illegal fireworks factory killed 18 people, including 10 children, and wounded 17 others today in western India, police said.

NTT DATA Corporation ("NTT DATA"; President and CEO: Toru Yamashita; Head office: Koto-ku, Tokyo) has acquired 51 percent of the shares of SAPCON, a.s. ("SAPCON"; Chairman of the Board: Rajmund Pavla; Head Office: Brno, Czech Republic) through NTT DATA's German

SATO, a pioneer in the Automatic Identification and Data Collection (AIDC) industry and a leader in barcode printing, labelling, and EPC/RFID solutions, has won the first prize in the Letterpress (Cosmetics) category at the prestigious 20th World Label Association Awards