Archive for February, 2009

BMW launches sports activity coupé in India

Thu, 26/02/2009 - 5:42pm | SportzPower Team
 MUMBAI: BMW India has launched the BMW X6 at Infinity Cars, a new dealership facility in Mumbai. The BMW X6 will be available on Indian roads in two variants […]

Tata sets Nano launch date

function floatContent(){var paraNum = “3″ paraNum = paraNum - 1;var tb = document.getElementById(\’floating-con\’);var nl = document.getElementById(\’floating-target\’);if(tb.getElementsByTagName(”div”).length> 0){if (nl.getElementsByTagName(”p”).length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(”p”)[paraNum]);}else {if (nl.getElementsByTagName(”p”).length == 3){nl.insertBefore(tb,nl.getElementsByTagName(”p”)[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(”p”)[0]);}}}}Tata Motors on Thursday set April as the launch date for the Nano, the world’s cheapest car, in a bold gamble that India’s largest automaker hopes will revive its plummeting sales.
The […]

Bangladesh mutineers lay down arms

The country’s government said that mutinous paramilitary border guards in Dhaka had finally laid down their arms, after Sheikh Hasina Wajed, prime minister, warned she would take “tough actions” to crush their rebellion Read more »
BAT lifts dividend after 20% increase in profit
Feb 26 2009 22:36
The tobacco industry has secured its reputation as a safe haven after […]

Obama forecasts $1,750bn deficit

President Barack Obama unveiled the most expansive blueprint for federal government involvement in the US economy in more than a generation in a ten-year budget outline that showed this year’s deficit quadrupling to $1,750bn Read more »
President Obama’s budget
Feb 26 2009 22:17
‘The really striking thing is the scale of the red ink here’ Read more »
RBS taps UK […]

RBS taps Treasury for a further £13bn

The beleaguered bank, already nearly 70% state-owned, is raising another £13bn of equity capital from the Treasury as part of the UK government’s asset protection scheme Read more »

UBS names ex-Credit Suisse Gruebel as chief

The struggling Swiss banking group has surprised investors with the naming of Oswald Grübel, former head of arch rival Credit Suisse, as its new chief executive in an attempt to regain credibility Read more »

Citi close to deal with Treasury

Citigroup and the US Treasury are nearing agreement on a deal that would give the federal government a stake of about 40 per cent in the troubled bank in exchange for bolstering its depleted capital base Read more »
Ford chiefs to accept 30% salary cuts
Feb 25 2009 00:51
Bill Ford, chairman of Ford, and Alan Mulally, the Detroit […]

Japan considers buying up shares

Tokyo could buy shares to prop up the ailing stock market in a desperate attempt to prevent tumbling equity prices from inflicting further pain on its fragile economy Read more »
Russian economy hit by 8.8% decline
Feb 25 2009 00:59
The figure, along with a 16% year-on-year fall in industrial production, points to a sharp slowdown in January as […]

Stocks fall as US bank plan detailed

US authorities set out plans that could lead the federal government to take big equity stakes in leading banks as the authorities stepped up talks on increasing their holdings in Citigroup Read more »
Chernin to leave News Corp post
Feb 24 2009 02:23
Peter Chernin is leaving News Corp after failing to agree a new contract with Rupert Murdoch, […]

Stocks fall as US bank plan detailed

US authorities set out plans that could lead the federal government to take big equity stakes in leading banks as the authorities stepped up talks on increasing their holdings in Citigroup Read more »
AIG in talks with Fed over another bail-out
Feb 24 2009 00:28
AIG is in talks with the US government over a new bail-out aimed at […]

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