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August 9: Glimpses of the day

  • August 9: Glimpses of the day

    August 9: Glimpses of the day

  • </b><p>Passers-by walk past a board showing graphs of Japan&#39;s stock price indexes, outside a brokerage in Tokyo.</b>
</p><p>
World stocks sank sharply for a 10th session running on Tuesday, racking up a "bear market" 20% loss since early May, fuelled by fears of a new global downturn.
</p><p>
Stocks have shed nearly 17% since late July alone. Ten days of losses are extremely rare. The record is 13, back in the 1990s.
</p><p>
Gold hit another record high and the Swiss franc was in demand as money fled to whatever was seen as a safer harbour.
</p>

    Passers-by walk past a board showing graphs of Japan's stock price indexes, outside a brokerage in Tokyo.

    World stocks sank sharply for a 10th session running on Tuesday, racking up a "bear market" 20% loss since early May, fuelled by fears of a new global downturn.

    Stocks have shed nearly 17% since late July alone. Ten days of losses are extremely rare. The record is 13, back in the 1990s.

    Gold hit another record high and the Swiss franc was in demand as money fled to whatever was seen as a safer harbour.

  • <b><p>Reserve Bank of India&#39;s governor Duvvuri Subbarao speaks during a meeting with bankers in Mumbai.</b> 
</p><p>
Prime Minister Manmohan Singh has approved a two-year extension for the Reserve Bank of India chief Duvvuri Subbarao, a move seen by analysts as favouring continuity at a time of global economic uncertainty.
</p><p>
The Reserve Bank of India (RBI) governor was appointed for a three-year term in September 2008 and was immediately tasked with the mandate of protecting Asia&#39;s third-largest economy from the aftermath of the global financial crisis.
</p><p>

    Reserve Bank of India's governor Duvvuri Subbarao speaks during a meeting with bankers in Mumbai.

    Prime Minister Manmohan Singh has approved a two-year extension for the Reserve Bank of India chief Duvvuri Subbarao, a move seen by analysts as favouring continuity at a time of global economic uncertainty.

    The Reserve Bank of India (RBI) governor was appointed for a three-year term in September 2008 and was immediately tasked with the mandate of protecting Asia's third-largest economy from the aftermath of the global financial crisis.

  • <b><p>Satyam employees entering their office in Hyderabad.</b>
</p><p>
Software services exporter Mahindra Satyam on Tuesday posted a better-than-expected first-quarter profit.
</p><p>
Net profit for the quarter ended June was at Rs 225 crore ($50 million). The year-ago figure was not immediately available.
</p><p>
Analysts had forecast a net profit of Rs 134 crore, according to Thomson Reuters.
</p><p>

    Satyam employees entering their office in Hyderabad.

    Software services exporter Mahindra Satyam on Tuesday posted a better-than-expected first-quarter profit.

    Net profit for the quarter ended June was at Rs 225 crore ($50 million). The year-ago figure was not immediately available.

    Analysts had forecast a net profit of Rs 134 crore, according to Thomson Reuters.

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