Declining cost of money spoils Fed plan to hike interest rates
The Federal Reserve's year-long campaign to push up interest rates and curb economic growth is being undermined by the declining cost of money in financial markets, raising the odds of more Fed hikes in coming months.

ICICI launches gateway for payments over Internet
ICICI Ltd on Wednesday launched `Payseal' -- a payment gateway which ensures safety and security of online transactions. Payseal interfaces between the internet shopper, web merchant and banking systems in a secured environment to facilitate online payments.

HITIC may be closed, says China's central bank chief
China may close the Hainan International Trust and Investment Corp (HITIC), which missed an interest payment on a Samurai bond, Central Bank governor Dai Xianglong said on Wednesday.


  Pick-up in Japan corporate bond seen as short-term trend
  Market round-up
  Briefing
  Hindalco raises Rs 100 crore at 10.75% coupon
  Andhra Bank staff plan stir
  IMG to safeguard home industry in post-QR era
  Panel to review coal mining norms to be set up soon
  Joshi stresses for extra care in disinvestment process for PSUs
  Fiscal deficit may be within target this fiscal
  Electricity Bill likely to be tabled in monsoon session
  Panel set up to prepare roadmap for quota-free regime after 2005
  CIDC, BMTPC pacton promotion of certification scheme
  Petroleum ministry drops stand on strategic status to oil sector
  Executive briefing