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Sensex off day's low
The Sensex after touching a low of 17,028, has recovered a bit and is now down 100 points at 17,080.

UAC members spurn Posco's compensation applications
In yet another setback to the beleaguered Posco steel project in Orissa, the members of the United Action Committee (UAC), a purportedly pro-Posco outfit in the project site area, has decided not to apply to the district administration in Jagatsinghpur for compensation against loss of betel vines.

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Desert storm may last long
The Dubai crisis could have major ramifications similar to the global credit turmoil last year.
Small Business

Asian markets have a weak day

The Asian markets ended on a weak note. The Hang Seng dropped 171 points (0.8%) to 21,175 and Nikkei shed 21 points (0.2%) at 10,142. Jan cement sales in high double-digit The Shanghai Composite slipped 65 points (2%) to 3,113 and the Straits Times shed 8 points (0.3%) at 2,804. The Seoul Composite and Taiwan Weighted closed flat. ______________________________________________ (Updated at 1129 am) Asian markets continue to trade weak, albeit off the day"s lows. The Hang Seng has dropped 162 points (0.7%) to 21,185 and the Nikkei has shed 12 points (0.1%) at 10,151. The Shanghai Composite has slipped 36 points (1.1%) to 3,142. The Straits Times is down 23 points (0.8%) at 2,789. The Seoul Composite and the Taiwan Weighted are trading flat. _____________________________________________ (Updated at 0821 am) Asian markets have opened weak this morning following cues from US indices. The Hang Seng has dropped 194 points (1%) to 21,154. The Nikkei has shed 104 points (1%) at 10,060. The Shanghai Composite has slipped 45 points (1.5%) to 3,134. The Straits Times is down 20 points (0.70%) at 2,793. The Seoul Composite and the Taiwan Weighted are trading flat.


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