Barak Obama is the winner of the toughly fought US Presidential elections. It has been a really hillarious fight for Obama right from the beginning. He was trailing behind the democratic rival Hillary Clinton and only during the last few weeks he gained a lead and finally he won the democratic ticket.
Now he has [...]
China has seen a sharp decline in its exports during October 2008 and November 2008. Experts tracking Chinese economy say that with tough economic conditions in consuming countries like US and Europe and Japan, China is heading for a more sharper correction in its exports in coming months. They say that in a worst case [...]
Two major european banks and a leading insurance firm have been badly hit by the US sub prime crisis because these institutions are holding debt papers issued by Lehman Bros. These invesments worth billions of dollars are now considered at zero value and these institutions are left with a large hole in their capital adequacy [...]
The government of India has now been forced to give a stimulus plan, worth around 20 billion dollars, to save its ailing housing / exports and infrastructure industries. The package consists of excise duty reduction across the board which will benefit all basic industries, and export incentives to enable the ailing export sector to remain [...]
The outgoing US President George Bush is fighting in the senate to win over a 700 billion dollar bailout package plan. He says that the 700 billion dollar plan worked out by its economic advisory team in due consultation with the banking authorities, will see the US economy recover quicker than what experts expect. He [...]
The twenty overs format of Cricket introduced by the Indian cricket authorities has become a great success with massive viewership and record collections running into hundreds of crores of indian rupees. The format involves two teams playing out twenty overs each in restricted conditions which brings out the best in each team. Because of the [...]
