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BUSINESS NEWS |
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Oil prices down in Asian trade
Oil prices tumbled in Asian trade Friday on profit-taking ahead of a key report expected to show that the US rebound from recession is losing pace.
New York's main contract, light sweet crude for September delivery, was down 20 cents to 78.16 dol
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Regulatory duty on yarn export expires
The Cabinet Committee on Textile on Monday decided not to extend the 15 per cent regulatory duty on export of yarn and directed the ministry of textiles to regularly monitor the yarn supply situation in the domestic market.
The committee head
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PoL prices likely to come down by 3pc
Prices of petroleum products may come down by another three per cent on July 31 because of declining trend in the international market.
As a result, the domestic prices would come down by between Rs2 and Rs2.50 per litre with effect from July
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Facebook membership hits 500 million mark
The number of people using Facebook hit the 500 million mark on Wednesday, meaning one in every 14 people on the planet has now signed up to the online social-networking service.
“As of this morning, 500 million people all around the world are
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Obama signs US financial overhaul into law
A triumphant Barack Obama signed into law on Wednesday the most sweeping overhaul of lending and high-finance rules since the Great Depression. The legislation adds safeguards for millions of consumers and aims to restrain Wall Street excesses t
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