The Indian stock markets continued their downward march with fears of ever increasing crude oil prices, and very high food inflation adding to their problems. Also fears of a major pull out by the Foreign institutional investors who control over 20% in the top 100 companies equity, is pushing down the prices. The key Foreign […]
Merrill Lynch, Morgan Stanley, Credit Suisse, Citi Group , UBS all have written off anything between two billion dollars to 12 billion dollars in the first quarter of 2008 due to the sub prime crisis related issues. With more and more defaults happening from customers for the housing mortgage loans given earlier, more bad debts […]
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