Posts Tagged ‘friday’

Kids tracking Santa get Michelle Obama surprise

Eightyearold JulianaRose Hatcher had tracked Santa Claus all of Friday with the aid of NORAD’s Santa hotline, before she got some unexpected help from Michelle Obama.

No output signal from OPEC as oil heads to $100

OPEC gave no signals on Friday it would supply the world with more crude, despite oil prices trading near a twoyear high and with most analysts predicting a rally above USD 100 per barrel.

Recent corruption scandals in India

The Central Bureau of Investigation (CBI) began interrogating a former telecoms minister A Raja on Friday in the country’s biggest corruption case, a move the government hopes will help ease a crippling political row with the opposition.

China gears up fight against inflation

China’s central bank said on Friday it will use various policy tools, including interest rates, to help fight inflation in 2011.

Patni shares rise after bid reports

Shares in Patni Computer rose as much as 3.2% on Friday, following media reports that leading bids for a majority stake in the firm ranged from 530 rupees a share to 600 rupees a share.

Oil rises above USD 88 a barrel as US dollar weakens

Oil prices rose above USD 88 a barrel on Friday in Asia as a weaker U.S. dollar made crude cheaper for investors with other currencies. Benchmark oil for January delivery was up 52 cents to USD 88.22 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange

Obama signs tax bill, praises bipartisan spirit

US President Barack Obama on Friday signed into law a bill extending Bushera tax cuts and said he hoped the bipartisan spirit that had made it possible would help restore America’s faith in Washington.

Bank of America says cuts off WikiLeaks

Bank of America was quoted as saying late on Friday that it was joining other financial institutions in declining to process payments to WikiLeaks, which has angered US authorities with the mass release of US diplomatic cables.

Wall St hovers at highs; CBOE Volatility index drops 7.4%

The SP clung to a twoyear high on Friday as investors predicted a pause as volumes are expected to dry up in the days ahead, and after a 5% gain already so far in December.

Moody’s slashes Ireland to Baa1, warns on future debt

Moody’s Investors Service slashed Ireland’s credit rating by five notches to Baa1 with a negative outlook from Aa2 on Friday and warned further downgrades could follow if Ireland was unable to stabilise its debt situation.

Nifty ends above 5900; realty, power, metal lead recovery

At 15.30 hrs IST, the Nifty closed the day on a strong note. The pullback rally which started on Friday further gained momentum today and recovered nearly 200 points in last 2 trading sessions

OPEC holds oil demand forecast near steady for 2011

OPEC on Friday increased fractionally its oil demand forecast for 2011 and said high inventories and spare capacity should be enough to shield against any eventualities.

IEA, OPEC differ on need for more oil supply

Two of the world’s most influential oil forecasters gave contrasting outlooks for 2011 on Friday, with the consumer’s watchdog anticipating robust demand and producer group OPEC saying supply was adequate.