The US markets edged lower yesterday after dilly dallying on both sides due to some positive news on home sales front, and also flow of some negative news. All the three indices fell by 2% to 3% to close at the lowest point in five years time, since nobody wanted to take any risk of […]
The credit crisis continues to haunt the entire world and every economy has been facing the heat in the last few months and within the next fortnight you are likely to see a concerted effort by all the leading governments including US, Europe, Australia, Japan, China and India. Most of these countries are likely to […]
The Indian rupee which was quoting at less than 40 rupee to a US dollar just few months back, has crashed to rupees 50 to a dollar due to continuing selling of securities by the Foreign institutional investors. Adding fuel to the fire is the crashing export orders for many of the key industries like […]
IMF has warned that more European banks face the risk of going bankrupt due to the continuing credit crisis and falling property prices. The property prices in most of the European countries are continuing to slide , and there are no signs of they returning back to positive growth rates in the near future. Hence, […]
The US markets continue to reel under pressure in the last two weeks with the Dow going below the 10000 mark and the Nasdaq also touching multi year lows. But for the short sales ban imposed for a short duration by the government, the market would have crashed further, opine experts. Also continuing negative data […]
This week, it was the turn of Swiss government to go for the bailout of UBS at the cost of over 12 billion dollars. In the last week, it was the turn of Europe to bailout few of their largest banks, followed by Japan where the number two Insurance company went under. Now the contagion […]
Every opportunity you get to reduce your loan, be it your housing loan or your personal loan, you should use it meticulously, if at all you are interested in having a financially secure future. If you just check out with successful people, you would always notice that they always focus on reducing their debts as […]
These days almost every second or third person you see is financially in a tight condition , and is always on the lookout for some good lender to help him out in the short term to tide over his finances. The need for Personal Loans for most of the people has been triggered by the […]
In an unprecendented coordinated effort, the US FED and the ECB and the UK central bank and few more central bankers took the bold decision of cutting down the interest rates by half a percentage point with immediate effect, in an effort to put an end to the ongoing credit crisis. The crisis has already […]
The US markets continued with their losing streak with the Dow losing close to 500 points and Nasdaq losing over 5%. This has taken the market to over four years low in just few months time. The decline was due to the continued credit crunch in the banking system, which forced the US FED to […]
