Airline shares rise

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Source: Marketwatch

Airline shares surged following Delta Air Lines announcement of the higher-than-expected profit for this year. NYSE Arca Airline Index almost advanced by 1% to 33.38 points. Stock price of Delta gained 3% while US Airways added 2.4% and United Continental jumped by 2.4%. JetBlue Airways gained 2.3% and Southwest Airlines added 1.6%.

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Wed, 14 Dec 2011 16:20:22 GMT

India's Central Bank may ease its monetary policy

The Reserve Bank of India is expected to ease its prudent monetary policy in view of slower growth and spreading debt crisis in the euro-zone. However, the falling Rupee weights on the continuation of the tight monetary policy with unchanged interest rates. There are fears that economic growth decelerates faster than expected and taken exorbitant 9% inflation the economic perspectives for India remain bleak, said

Wed, 14 Dec 2011 16:16:42 GMT

Credit Agricole to cut 2,500 jobs

Credit Agricole SA plans to make redundant about 2,500 employees due to spreading debt crisis in the euro-zone. The majority of layoffs will be abroad, said the company representative. Credit Agricole's corporate and investment bank will suffer the most as 600 positions are planned to be cut there.

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