Stocks rebound in style

The sensex which was suffering the shocks coming from China has recently recovered and reached its 26000 mark again. Thank to the senior Fed policy maker who said the case for a Sep rate hike looked less compelling.
Fed President William Dudley said the arguments for a rate lift off were less compelling than it was a week ago because the threat posed by the recent spell of global market turbulence over Chinese slowdown fears.

Coke slash

Coca- Cola will cut jobs in India as well as part of its " redesigning operating model" globally to accelerate business growth across markets. Coca- Cola employs around 250 people in India.

The biggest call ever in market

It has been confirmed that a deal is set between British Prudential and AIG's Asian Life Insurance,
to make the insurer the undisputed leader in one of the world's fastest-growing financial services markets.
The acquisition will be the biggest call ever; will be financed in part by a $20 billion equity capital raising.
At $20 billion, the rights issue would rank as one of the largest cash calls in the world to date, nearly equaling Pru's current market value of $23 billion.

Gold prices are on the climb

Gold prices are continuing to soar in the global markets in the wake of India's decision to buy 200 tonnes of gold from the International Monetary Fund (IMF). Spot gold rallied to US$1,117.20 an ounce and was trading at at US$1,114.60 an ounce by 10.08 GMT versus US$1,105.30 an ounce last quoted late in New York.

US investment bank Goldman Sachs said gold could rise to record highs in a range from US$1,150 US$1,200 an ounce, driven by falling real interest rates and renewed buying interest by central banks.