news clips

Sensex ends 250 points lower on profit booking ..;
Indian markets ended sharply lower after funds-based selling activity intensified in the last one and half hour of trade. Losers pack included stocks from realty, metals and capital goods space. http://economictimes.indiatimes.com/markets/stocks/market-news/Sensex-ends-250-points-lower-on-profit-booking/articleshow/6706485.cms
Food inflation eases marginally 
The inflation rate based on the wholesale price index of food articles in the country stood at 16.24 per cent (provisional) during the week ended 25 September 2010, slightly lower than the 16.44 per cent (provisional) recorded in the previous week, even as prices of essential items continued to remain firm.
http://www.domain-b.com/economy/general/20101007_inflation_rate.html



U.S. bank industry entering new crisis: analyst
Roubini says 40% chance of double-dip recession on the horizon...The U.S. banking industry is entering a new crisis where operating costs are rising dramatically due to foreclosures and defaults, a well-known analyst said Wednesday afternoon.
“We are less than one-quarter of the way through the foreclosure process,” said Christopher Whalen, managing director at Institutional Risk Analytics at an American Enterprise Institute event..                            
 http://www.marketwatch.com/story/us-bank-industry-entering-new-crisis-analyst-2010-10-06