Mumbai, Dec 31 (IANS) Indian equity markets rose soon after the opening bell on the last day of 2008, with a key index gaining by 0.58 percent about 15 minutes into trade. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened the day
Source: www.newstrackindia.com

GMAC Receives $5B In Bailout Funds - ABC 15 News
WASHINGTON (AP) — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program. The government will receive preferred
Source: www.abc15.com

UPDATE 1-China Jiangxi Copper smelter capacity down 20 pct - Reuters
HONG KONG/SHANGHAI, Dec 31 (Reuters) - Jiangxi Copper Co Ltd ( 0358.HK )( 600362.SS ), China’s top integrated copper company, said on Wednesday that an equipment malfunction would reduce production capacity by 20 percent at its main Guixi smelter. An
Source: www.reuters.com

NEW YORK - Martha Stewart’s stock problems extend beyond allegations of insider trading in shares of drug maker ImClone Systems Inc. A lawsuit claims there was financial chicanery surrounding the successful initial public stock offering of Stewart’s

Israel Hits Gaza Strip for Second Day in New Phase of Conflict With - Bloomberg
Dec. 28 (Bloomberg) — Israeli stocks and government bonds fell after the Israeli cabinet approved calling up army reservists, spurring concern air strikes on the Hamas-controlled Gaza Strip may be followed by a ground invasion. Oil Refineries Ltd

KANSAS CITY, Mo. - The nation s largest dairy cooperative will pay $12 million and amend its trading practices to settle a federal investigation into a possible price manipulation scheme. The Commodity Futures Trading Commission had accused Dairy
Source: www.agweekly.com

Crude oil rises on planned OPEC cut - The Age
Crude oil rose a second day in New York on speculation OPEC production cuts and economic stimulus plans will slow rising global stockpiles. The Organization of Petroleum Exporting Countries is “determined'’ to stabilise oil markets, Saudi Oil
Source: business.theage.com.au