INVESTMENT

There s almost an unwritten rule that someone or something major has to fail before the bears are done, says Cash McDash, a hedge fund manager.

Frank Quattrone, the controversial financier who rose to stardom during the dot-com boom in the 1990's has announced his long-awaited return to finance with the formation of a new advisory firm.

The U.S. dollar gained against the yen and euro on Tuesday after American banks Goldman Sachs and Lehman Brothers reported stronger than expected profits for their latest quarters.

Commodity Online NEW DELHI: With gold prices on the rise, import of gold into India is falling. The country imported just 10 tonnes of gold in February as against 59 tonnes a year ago.

Record rise of crude oil and gold prices in global markets and growing concerns over the worsening credit crisis in the US triggered a Sensex collapse on Monday, allowing the benchmark 30-share index of the Bombay Stock Exchange (BSE) to hit a six month low and close below the psychological 15,000 level.

Treasuries rose on Monday after the Federal Reserve moved to add liquidity to the credit and financial markets with a pair of moves over the weekend and aid for struggling investment bank Bear Stearns.

Gold futures hit a new record on Monday of nearly $1,034 an ounce before edging back down after the Federal Reserve cut the discount rate by a quarter of a percentage point after JP Morgan Chase & Co. agreed to buy the troubled investment bank, Bear Stearns.

U.S. stocks dropped at the open on Monday after the Federal Reserve cut its discount interest rate at an emergency meeting and JP Morgan Chase & Co. agreed to buy Bear Stearns Cos. for $2 a share, fueling fears that the global credit crisis is spiraling out of control.

Clear Channel Communications Inc completed the sale of its television group to Newport Television LLC for $1.1 billion, the U.S. radio operator said on Friday.c

Shares of Bear Stearns Cos. fell nearly 50 percent on Friday after the Federal Reserve, through JPMorgan Chase & Co, gave the struggling investment bank an emergency loan.

Who would be the last man standing at the Wall Street bank

Gold futures spiked to a new record of $1,009 an ounce in New York on Friday, as investors turned to the safe haven after news of a bailout from troubled investment bank Bear Stearns while the plunging demand increased demand for the precious metal.

U.S. Treasury note prices rose on Friday after amid continuing struggles in the financial sector as the Federal Reserve, through JPMorgan Chase, gave emergency funds to struggling investment bank Bear Stearns.

The dollar fell to a new low against the euro and dipped lower against the yen on Friday amid more trouble in the financial sector as JPMorgan Chase and the New York Federal reserved teamed up to bail out struggling investment bank Bear Stearns.

Gold futures in New York surged above the historic $1,000 an ounce benchmark on Thursday, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand, prompting investors to enter the bullion market. Silver and platinum also gained.

Gold futures closed with modest gains Tuesday after the Federal Reserve said it will for the first time, lend $200 in treasuries in exchange for debt that includes mortgage-backed securities. Silver fell.

Robusta coffee continued gaining on Tuesday after roasters took advantage of a decline last week.

Gold futures finished with a modest loss on Monday, extending their decline from last week, as investors sold precious metals to cover losses in equity markets. Silver also fell.

U.S. stock futures were steady on Monday, point to a flat start, after indexes closed at a 19 month low on Friday following data that showed a second straight drop in monthly employment.

UK-based Standard Chartered Plc announced, Friday, it has sold its Indian asset management business to one of India's oldest lending institutions, Infrastructure Development Finance Co. (IDFC), in an all-cash $205 million deal (before deductions for local taxes and deal expenses).

Companies are being Hammered but these 3 CEO's are Living it up