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HONG KONG, Jan. 7 (Xinhua) -- Hong Kong's official foreign currency reserve assets amounted to 182.5 billion U.S. dollars at the end of December in 2008, Hong Kong Monetary Authority announced Wednesday. The 16.6 billion U.S. dollars increase in ...
Read moreNEW YORK, Jan 7 (Reuters) - U.S. stocks slid on Wednesday after a report showing a larger-than-expected drop in private-sector jobs and a revenue warning from top chip maker Intel Corp added to signs that the recession is deepening. Coming two days ...
Read more* Says amends some financial data due to discovery of "miscalculation" within its loan data extract software. * Says its correction of the miscalculation resulted in understated balance in loan loss reserve as of June 30, 2008 and September 30, 2008 ...
Read moreWorld's top software firm Microsoft is planning a massive reduction in its workforce where up to 15,000 jobs may be axed this month, says a media report. A boat navigates past the Marina Bay Sands casino resort near the central business district in ...
Read moreBANGALORE, Jan 2 (Reuters) - Indian shares climbed 0.9 percent on Friday in anticipation of an economic stimulus package and rate cuts to shore up the faltering economy, but a dim outlook for quarterly earnings kept a lid on gains. Financials such as ...
Read moreMUMBAI: Steady software earnings and remittances by overseas Indians failed to salvage the current account in the balance of payments (BoP), which almost trebled on a sharp rise in the import bill. The overall balance of payment was also in deficit ...
Read moreThe large trade gap has caused India’s current account deficit (CAD) to swell to a record $12.5 bn in July-September 2008 quarter. Though worrying, India’s low external debt, sizeable reserves and sharply lower crude prices provide enough cushion ...
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