The Japanese government has approved a record level of spending of 92.4 trillion yen ($1.1tn; £711bn) for the next financial year.

The cabinet agreed the draft budget, which must still be approved by parliament before 31 March.
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The FTSE 100 index has closed above 6,000 points for the first time since June 2008.  The index of blue chip shares broke through the symbolic mark to finish up 12.85 points, or 0.2%, at 6008.92.

A late rally in retail stocks helped the index as investors bet on a late surge in consumers’ Christmas spending.
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eurozone’s unemployment rate hit 10.1% in October as jobless rates rose in Italy, inched down in France and Germany, and remained stable in Spain.

The rate was the highest since July 1998, said EU agency Eurostat.
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Microsoft’s first-quarter sales of $16.2 billion rose 25% from last year, thanks to strong showings from Office 2010, Windows 7 and Xbox 360.

Microsoft’s net income jumped 51% from last year, to $5.41 billion, or 62 cents per share. The company easily topped analyst estimates for both sales and earnings.
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A Barbie doll wearing a diamond necklace has sold at an auction in New York for a record amount.

The one-off Barbie, created by Stefano Canturi, wears a black strapless evening dress with a choker featuring a one-carat square-cut pink
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INDOSOLAR LTD ipo listing date
INDOSOLAR LTD ipo will list on NSE & BSE on 1 oct 2010. Indosolar Ltd has fixed the issue price for its ipo at Rs 29 a share so expect listing price of Rs 32 – 35
sell all your shares on listing day as
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Petrobras raises record $70 billion
petrobras raised $70 billion on 23 sept in the world’s biggest share offering. this will give the company financial power to tap vast offshore oil reserves. petrobras aims to turn Brazil into a major energy
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A merger between United Airlines and Continental Airlines has been cleared by the US Justice Department.

An anti-competition probe ended after the firms agreed to give up some slots at Newark airport hub to low-fare carrier Southwest Airlines.

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The US economy grew 1.6% in the second quarter, revised down from a first estimate of 2.4%. The figures were better than most analysts had expected.

Recent data on the US economy had raised worries that the US was entering a double-dip recession, dragging the rest of the world with
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Now is the Time to Invest in something Real to Assure a Good Life Tomorrow. Gold surpasses $1200 an ounce after a long slumber and it is still one of the worlds greatest bargains. Every day it is becoming more evident that stocks, bonds, and property in America and most of the Anglo-Saxon world are propped up on borrowed money and borrowed time.
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