India’s IIP growth flatlined in April, piling pressure on policy makers to cut rates and revive the economic fortunes of the BRIC nation that S&P’s warned could be downgraded to junk status because of political inaction. The ratings agency said India’s leaders had strayed from the path of economic liberalization and the country could become […]
Global foreign exchange stories by CMD Rajesh Sharma Money Matters Financial Services ltd. Dollar
US dollar edged higher against the euro. Risk sentiment soured after Fed chairman Ben Bernanke said fed is ready to act if the euro zone problems spill over, but he gives few hints on any immediate monetary easing. EURO The euro hovered near one week highs on Thursday and growth linked currencies were supported by […]
India Fixed Income Market Snapshot by Money Matters Financial Services Limited
Bond yields rise as debt auction is eyed: Indian federal bond prices snapped a four day winning streak on Wednesday as traders booked profits ahead of a debt auction on Friday that will introduce a new ten year paper. Traders remained bullish as the bond market is increasingly betting the RBI will cut interest […]
Financial Ties Bind Medical Societies to Drug and Device Makers
From the time they arrived to the moment they laid their heads on hotel pillows, the thousands of cardiologists attending this week’s Heart Rhythm Society conference have been bombarded with pitches for drugs and medical devices. St. Jude Medical adorns every hotel key card. Medtronic ads are splashed on buses, banners and the stairs underfoot. […]
Can vegetable juices lower your blood pressure and help you lose weight?
October 26, Davis, CA – Can drinking vegetable juice lower your blood pressure and help you lose weight? If so, how much? Researchers at the University of California-Davis conducted a 12-week study among adults ages 40-65 years. All of the people in the study who drank at least two cups of vegetable juice met daily […]
Surging U.S. Unemployment Rate Puts Pressure on Obama
The jump in the U.S. unemployment rate to the highest level in a quarter century last month suggests the recession is deeper than the Obama administration forecasts and additional measures may be needed to restart growth. The jobless rate rose to 8.1 percent in February as employers reduced payrolls by 651,000, the Labor Department said […]
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