India's Sensex falls nearly 3 per cent
India's benchmark Sensex index fell 2.96 per cent in trading Thursday on heavy selling by funds and investors. The 30-share index lost 434.50 points to close the day's trading at 14,243.73 points. Almost all the sectoral indices were in the red. Similarly, the broader S&P CNX Nifty of the National Stock Exchange was also down...

India's Sensex falls nearly 3 per cent

Hong Kong stocks sink 2.5 per cent to lowest level in a year
Hong Kong stocks sank 2.5 per cent Thursday, wiping out the previous day's gains, after a speculated rescue package for China's economy failed to materialize. The Hang Seng Index ended the day at 20,392, down 539 points. Turnover was 55.7 billion Hong Kong dollars (7 billion US dollars). The fall more than reversed the gains of...

Hong Kong stocks sink 2.5 per cent to lowest level in a year

Jordanian stocks plummet 7 per cent in 4 days
Jordanian stocks plunged 3.2 per cent on Wednesday in a sell-off panic that was attributed by financial analysts to inflated prices of strategic firms and lack of moving factors ahead of the fasting month of Ramadan. The decline brought to about 7 per cent the accumulated losses of the Amman Stock Market (ASE) since the start of the...

Jordanian stocks plummet 7 per cent in 4 days

OPEC crude price hovers above 108 dollars
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell slightly on Tuesday, to 108.26 dollars a barrel, data released by OPEC showed on Wednesday. The price for one barrel (159 litres) of OPEC-produced crude was down 0.42 dollars Tuesday, compared with 108.68 dollars on the previous...

OPEC crude price hovers above 108 dollars

Hong Kong stocks rebound on China hopes
Hong Kong stocks rebounded by 2.1 per cent Wednesday on hopes that China may announce a package to help the mainland economy. The Hang Seng index closed at 20,931, up 446 on the previous day when the index fell to its lowest level in a year on continued pessimism over slowing economic growth. Analysts attributed the rise Wednesday...

Hong Kong stocks rebound on China hopes

Thai baht hits nine-month low
The Thai baht hit a nine-month low against the dollar Wednesday, trading at 34.15 to the greenback, bank sources said. The sharp decline in the currency was attributed to heavy buying of dollars by foreign banks in Thailand and importers, said the Kasikorn Research Center, a think-tank attached to Kasikorn Bank. ...

Thai baht hits nine-month low

Australian shares plummet 2.3 per cent
Australian shares tumbled Tuesday following steep losses on Wall Street. The ASX 200 index lost 2.3 per cent, falling 118 points to 4,866. Falls were across the board.

Australian shares plummet 2.3 per cent

German producer prices hit 27-year high
German producer prices surged to a 27-year high in July, the country's statistics office said Tuesday, further reducing the prospects of the European Central Bank (ECB) delivering a cut in interest rates. Annual producer prices in Europe's biggest economy climbed by 8.9 per cent last month to record the fastest rise since October 1981...

German producer prices hit 27-year high

Fortis customers to grill board in Amsterdam
Dutch-Belgian bank Fortis is to hold a series of "informative meetings" for customers concerned about the bank's financial health. The first meeting, for Dutch customers, is to take place in Amsterdam on Monday evening, followed by similar meetings in Brussels on August 20 and 21. A spokeswoman for Fortis Netherlands told...

Fortis customers to grill board in Amsterdam

Nikkei falls due to selling in real-estate sector
Japan's key Nikkei 225 Stock Average on Thursday fell below the 13,000 level for the first time in a week due to heavy selling in the real estate sector. The Nikkei index declined 66.25 points, or 0.51 per cent, to close at 12,956.8. The broader Topix index of all first-section issues was also down 7.55 points, or 0.61 per cent, to...

Nikkei falls due to selling in real-estate sector

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New BMW-6 Series Coupe and convertibleNew BMW-6 Series Coupe and convertible
   BMW has launched a convertible and new coupe of the 6-Series featuring several advanced drive technologies and driver assistance safety systems. Both the coupe...

New BMW-6 Series Coupe and convertible