International Business News - IBN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif It can scale mountains in a single bound and wend its way down the most wretched roads. It is the mighty cell phone signal--and the latest hope for bringing financial services to the world's masses who don't have access to banks. http://www.ibtimes.com/articles/20080806/banking-by-phone-for-the-poor.htm Wed, 06 Aug 2008 11:13:08 EDT Indian shares fell sharply Tuesday on worries that the cost of home and car loans would soar after the central bank hiked key interest rates. The Bombay Stock Exchange's benchmark 30-stock Sensex fell 558 points, or 3.9 percent, to 13,792 points. In midday trade, the Sensex slipped more than 600 points, or 4.2 percent. http://www.ibtimes.com/articles/20080729/india-stock-index-drops-4-percent.htm Tue, 29 Jul 2008 07:53:18 EDT American Depositary Receipts of Asian financial institutions traded mixed Thursday, despite investors' concerns about the health of the financial sector in the U.S. http://www.ibtimes.com/articles/20080710/adrs-in-focus-asian-banks-rise.htm Thu, 10 Jul 2008 15:22:44 EDT Shares of Indian companies listed on U.S. exchanges rose on Wednesday, bucking the trend on Wall Street and in Asia as investors reacted to a spike in oil prices. http://www.ibtimes.com/articles/20080702/adrs-in-focus-indian-stocks-rise.htm Wed, 02 Jul 2008 15:25:41 EDT Goldman Sachs Group Inc. said Sunday that billionaire steel magnate Lakshmi Mittal has been elected as an independent director at the world's largest investment bank. http://www.ibtimes.com/articles/20080629/lakshmi-mittal-joins-goldman-sachs-board.htm Sun, 29 Jun 2008 15:14:34 EDT Shares of Indian companies listed on U.S. exchanges traded mostly lower and some set lows on Friday as investors reacted to a spike in oil prices that sent Asian stock markets tumbling. http://www.ibtimes.com/articles/20080627/adrs-in-focus-indian-stocks-head-lower.htm Fri, 27 Jun 2008 14:35:07 EDT American Depositary Receipts of Asian banks and financial companies declined on Thursday following a surge in oil prices and inklings of trouble in the financial sector. http://www.ibtimes.com/articles/20080626/adrs-in-focus-asian-banks-decline.htm Thu, 26 Jun 2008 15:24:49 EDT Shares of Indian companies trading on U.S. exchanges rose Wednesday after the Asian nation's central bank confirmed it boosted key interest rates in a defensive move against inflation. http://www.ibtimes.com/articles/20080625/adrs-in-focus-india-index-up-after-rate-change.htm Wed, 25 Jun 2008 14:05:53 EDT American Depositary Receipts of Asian banks and financial companies declined on Thursday as concerns about tight credit lingered following profit declines at major U.S. investment banks. http://www.ibtimes.com/articles/20080619/adrs-in-focus-asian-banks.htm Thu, 19 Jun 2008 15:12:54 EDT U.S.-traded shares of Asian financial institutions slipped Wednesday, following Wall Street lower as oil prices rebounded sharply to surge above $136 a barrel on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080611/adrs-in-focus-asian-banks.htm Wed, 11 Jun 2008 13:46:01 EDT U.S.-traded shares of banks based in Asia and Australia traded sharply lower on Monday, taking a cue from their U.S. counterparts following personnel shake-ups at two major financial institutions. http://www.ibtimes.com/articles/20080602/adrs-in-focus-asian-banks-decline.htm Mon, 02 Jun 2008 16:08:44 EDT American Depositary Shares of Asian banks and financial companies declined, following weakness in the United States, after an analyst forecast more weakness in the credit markets. http://www.ibtimes.com/articles/20080520/adrs-in-focus-asian-banks.htm Tue, 20 May 2008 14:17:06 EDT All but two Indian ADR dropped in Tuesday trading after explosions in the city of Jaipur killed at least 60 and the South Asian nation's leaders put parts of the country on high alert. http://www.ibtimes.com/articles/20080513/adrs-in-focus-indian-shares-drop-after-explosions.htm Tue, 13 May 2008 15:53:31 EDT Shares of U.S.-traded banks based in Asia were mixed on Tuesday, after St. George Bank agreed to a $17.5 billion takeover offer from Westpac Banking Corp., creating Australia's largest bank. http://www.ibtimes.com/articles/20080513/adrs-in-focus-asian-banks-mixed-on-m-a.htm Tue, 13 May 2008 14:22:13 EDT An index of emerging markets ADRs remained flat in afternoon trading Friday as investors faced a slew of economic data, including low American consumer confidence and high oil prices. http://www.ibtimes.com/articles/20080425/adrs-in-focus-emerging-markets-index-unchanged.htm Fri, 25 Apr 2008 15:51:44 EDT An index of ADRs based in India surged with the U.S. markets during afternoon trading Thursday, even after an exchange in Mumbai closed flat in overnight trading. http://www.ibtimes.com/articles/20080424/adrs-in-focus-india-index-surges-with-us-markets.htm Thu, 24 Apr 2008 15:24:11 EDT Asian banking and financial ADRs were mixed Monday, after Bank of America Corp. posted weaker-than-expected profit for the first quarter. Investors seemed doubly cautious about extending last week's gains on the news and after smaller, regional bank National City Corp. posted a $171 million first-quarter loss and lowered its dividend. http://www.ibtimes.com/articles/20080421/adrs-in-focus-banking-and-financial-adrs-mixed.htm Mon, 21 Apr 2008 15:38:36 EDT A nearly 10 percent jump in fourth-quarter profit and strong outlook from Infosys Technologies Ltd. helped fuel a surge of Indian ADRs Tuesday and raised hopes the U.S. economic crunch's effects on ... http://www.ibtimes.com/articles/20080415/adrs-in-focus-india-index-up-after-infosys-profit-outlook.htm Tue, 15 Apr 2008 14:43:36 EDT An index of Asian ADRs fell in afternoon trading Wednesday as worldwide markets reeled from news that Bear Stearns Cos. will be bought by JPMorgan Chase & Co. at a steep discount of $2 per share. http://www.ibtimes.com/articles/20080317/adrs-in-focus-asia.htm Mon, 17 Mar 2008 15:24:21 EDT Indian shares dropped sharply Monday morning amid worries of deepening weakness in the global financial system. The Bombay Stock Exchange's benchmark 30-stock Sensex fell 746 points, or 4.7 percent, to 15,015 points within an hour of opening. At one point, it fell to 14,992 points, falling below the 15,000 mark for the first time since last August. http://www.ibtimes.com/articles/20080317/indian-shares-dive-4-percent.htm Mon, 17 Mar 2008 01:17:31 EDT