Breaking News(World wide Finance)

.........................HATE me for what i am, LOVE me for what i am NOT.
Ravi Santlani
'Breaking News(World Finance)', a Finance Blog

Top News:
=> Infosys to freeze new hiring, no job cuts
=> Oil below $46, lowest in 4 years
=> India is expected to exceed the nuclear power target of 20,000 MW by 2020, thanks to the removal of curbs on the import of technology
and fuels by the international community
=> China's sovereign wealth fund said it wouldn't 'dare' invest in foreign financial firms after losing $6 billion on stakes in Morgan Stanley and Blackstone Group LP
=> Period of painful adjustment inevitable: RBI
=> Ranbaxy Laboratories Ltd has signed an exclusive licensing agreement with U.S.-based BioPro Pharmaceutical to sell Gliadel tablets in India
=> RBI is likely to lower interest rates soon as an economic stimulus in the face of a slowdown
=> Ford is seeking to sell Volvo for as much as $6 bn, and is using JPMorgan Chase as an adviser
=> Nomura Holdings Inc said it would cut its staff in London by up to 1,000 people
=> Goldman Sachs has revised up its forecast for US job losses in November to 400,000 after reports showing a dismal employment picture in the private sector, particularly in services
=> Swiss bank Credit Suisse said on Thursday it had a net loss of about 3 billion Swiss franc ($2.5 billion) at the end of November and it was shedding another 5,300 jobs, mainly in investment banking

Notes Made (12PM GMT):
-> Inflation at 8.40% on November 22
-> Nifty, Sensex close 4.9%,5.4% up; realty, metal surge(2788.00,9,229.75), turnover=Rs 447.60 Cr
-> 1 British pound = 71.3310748 Indian rupees, 1 U.S. dollar = 49.0990327 Indian rupees, 1 Australian dollar = 31.5608583 Indian rupees
-> MCX Spot Price -> Gold: 12411, Silver: 16300, Al: 78.95, Cu: 179, Lead: 51.1, Ni: 470.4, Zinc: 57.85

Dec 04,08

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