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European Stock Markets close higher as Investor sentiment improves

Frankfurt - Signs of confidence returning to share markets emerged Monday as stocks in Europe and Wall Street gained ground following solid rises across Asia.

Iceland seeks rescue package from IMF and Central Banks

Reykjavik/Stockholm - Iceland was reported Monday to be inching closer to secure support for a rescue package from the International Monetary Fund (IMF) and several central banks.

Trial starts in Bulgaria against 9 persons for embezzling millions from EU Aid Funds

Sofia - A Bulgarian court on Monday launched a trial against 9 people accused of embezzling millions from European Union aid funds.

Repo Rate Cut by RBI Welcomed by Confederation of Indian Industry

New Delhi, Oct.20: The Confederation of Indian Industry (CII) has welcomed the Reserve Bank of India’s decision to cut the repo rate by 100 base points to bring it down to eight percent.

Slight rise in OPEC crude price after cartel announces meeting

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 0.48 dollars Friday, following the cartel's decision to meet on October 24 to discuss production cuts.

One barrel (159 litres) of OPEC crude stood at 63.82 dollars Friday, up from 63.34 dollars on the previous day, OPEC said Monday.

OPEC crude price stronger on Tuesday

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 1.53 dollars Tuesday, staying below the 75-dollar mark, OPEC said Wednesday.

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