Monday, December 21, 2009

Telengana problem continues.
Infosys chief, promoters in trouble over Bangalore airport
http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/Infosys-chief-promoters-in-trouble-over-Bangalore-airport/articleshow/5363205.cms
Dubai World has $40 billion in total debts.Shares in Dubai's Emirates NBD and Abu Dhabi Commercial Bank , lenders with high exposure to Dubai World's debts, closed down 4.8 percent, and construction stocks were also down.
The dollar gained:-
The dollar has been on an uptick as currency players anticipated more short-covering in the greenback in a holiday shortened week.
The Euro continued to weaken as the U.S. economy may recover more quickly than Europe. There are concerns about the fiscal health of some countries on the Euro-Zone periphery following recent rating agency downgrades on Greek debt.Demand for the Euro continued to weaken as the European Central Bank (ECB) said lenders may have to write down an additional 187 billion euros ($268 billion) as loans to property companies and eastern European nations threaten the financial recovery.

1.BDI 3154(-104,-3.19%) down.US Dollar Index up(78.11).Rupee 10 paise down v Dollar @46.81
2.Reuters/Jeffries CRB index 274.78(-1.36)
3.Gold $1096/oz
4.Silver $547/kg
5.VIX 20.49(-5.49%)
6.Crude $73.72/bbl(down 0.42%)
7.Sensex - 118;16601

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