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No takers for gold sold by banks
Investors, who bought gold from banks, are in a fix as leading jewellery houses are not ready to buy it and it cannot be sold back to banks either. http://smallpersonalloans.org.uk

Krishna arrives in Myanmar to participate in BIMSTEC meet
External Affairs Minister S M Krishna arrived here today to attend the meeting of the seven-nation BIMSTEC that will focus on jointly combating terrorism and promoting free trade. "We have already identified 14 areas of cooperation which include health, energy, technology, human resource development, trade, tourism and culture," Krishna told reporters accompanying him to Myanmar.

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Abu Dhabi gives Dubai $10 bn to cover debt
The Dubai government said today neighbour Abu Dhabi has agreed to give $10 billion in emergency funds that will go toward paying debts owed by its Dubai World conglomerate.
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US markets end off day's high

US Federal Reserve"s decision to keep rates near zero dragged the markets off the day"s high. The Dow added 30 points to 9,802. The Nasdaq was unchanged at 2,056. - Asian markets in red in morning trades - L&T up marginally on Rs 6,897cr order - Ashok Leyland moves up on sales jump - Sensex ends up 523pts - Asian markets extend gains - Sensex regains strength Indian ADRs were in the green. Genpact and ICICI Bank surged 7% each to $13 and $35.47, respectively. Sterlite rallied 6% to $16.63. MTNL gained 4.5% at $3. HDFC Bank added 4% to $116.52. Infosys and Patni Computers advanced 2.5% each to $47.79 and $19.61, respectively. Wipro, Mahindra Satyam and Dr Reddy"s were up 1% each.


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