Wednesday, September 21, 2011

Buzzingstock

Buzzingstock

Greece announces new Austerity Measures

Posted: 21 Sep 2011 10:00 PM PDT

Yesterday, Greece has announced fresh austerity measures inorder to secure a bailout installment and save the country from bankruptcy. Greece said it would deepen pension cuts, extend a painful property tax hike and put tens of thousands of workers on notice. Under the measures announced yesterday, monthly pensions will be cut by 20 percent above [...]


FOMC Statement 21 Sept 2011 : Significant Downside Risk To Economic Outlook

Posted: 21 Sep 2011 09:46 PM PDT

Yesterday, US Stock markets suffered their worst drop in a month after the Federal Reserve said there were “significant downside risks” to the economy even as it took another stab at boosting growth. The Dow Jones industrial average dropped 283.82 points, or 2.49%, to 11,124.84. The Standard & Poor’s 500 Index lost 35.33 points, or [...]


Rupee falls to 2 Year Low

Posted: 21 Sep 2011 09:39 PM PDT

Today, September 22, the rupee fell 1% to reach its lowest point in more than 2 years as the dollar climbed to 7-month highs against major currencies after the Federal Reserve said there were “significant downside risks” to the economy but stopped short of bold monetary easing.   At 9:01 am, the partially convertible rupee [...]


Posted by Suresh at 10:02 PM

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