Mexico City - Mexico's central bank sold 1.096 billion dollars of its foreign exchange reserves Thursday to boost the peso.
The Bank of Mexico sold 1 billion dollars as markets opened and the remainder later in the day.
The value of the dollar went as high as 14.30 pesos before the bank's intervention, although it closed at 13.79 pesos.
Mexico's central bank has sold more than 13 billion dollars since October 8, but the price of the dollar continues to rise. It was worth about 11.2 pesos on October 1.
UTI Mutual Fund, the country's oldest fund, has launched its unique 'UTI Wealth Builder Fund-Series II', an open ended equity oriented scheme in the Indian market.
UTI claims that UTI Wealth Builder Fund-Series II is the first of its kind in the mutual fund industry to offer asset allocation which combines traditional as well as non- traditional asset class i.e. Equity and Gold.
Mukesh Ambani-owned Reliance Industries (RIL), the largest private oil refiner and retail giant in India has registered a 7.4 per cent growth in profit at Rs 4122 crore in the second quarter, as compared to Rs 3837 crore for the quarter ended September 30, 2007.
While company's second quarter revenue rose 39.40% to Rs 44,938 crore in the three-month period ended September 30, against Rs 32,211 crore in the year-ago period.
San Francisco - Democratic candidate Barack Obama was rushing to the bedside of his ailing grandmother in Hawaii Thursday, taking a break from intense campaigning to make sure he saw her before she died.
Madelyn Dunham, 85, was a formative figure in the life of the White House frontrunner, helping Obama's single mother raise him during his teenage years when his own mother was working abroad.
Washington - A large and growing, but underestimated, voter bloc of Asian and Latino immigrants could play a pivotal role in the presidential elections, which are often decided by very small voting margins, a report released Thursday said.
This increasingly influential group, who were 8.6 per cent of all registered voters in 2006, are described in the report as New Americans, comprised of naturalized Americans or those immigrants who have become US citizens, as well as immigrants' children born in the US after 1965.
New York - The country's third largest auto maker Chrysler Thursday reported losses of more than 1 billion dollars in the year's first half, with second-quarter losses of 565 million dollars.
Chrysler is in the midst of merger talks with General Motors after Germany's Daimler firm sold 80 per cent majority share to Cerberus investment company earlier this year.
Mexico City - Mexico's central bank sold 1.096 billion dollars of its foreign exchange reserves Thursday to boost the peso.
UTI Mutual Fund, the country's oldest fund, has launched its unique 'UTI Wealth Builder Fund-Series II', an open ended equity oriented scheme in the Indian market.
Mukesh Ambani-owned Reliance Industries (RIL), the largest private oil refiner and retail giant in India has registered a 7.4 per cent growth in profit at Rs 4122 crore in the second quarter, as compared to Rs 3837 crore for the quarter ended September 30, 2007.
San Francisco - Democratic candidate Barack Obama was rushing to the bedside of his ailing grandmother in Hawaii Thursday, taking a break from intense campaigning to make sure he saw her before she died.
Washington - A large and growing, but underestimated, voter bloc of Asian and Latino immigrants could play a pivotal role in the presidential elections, which are often decided by very small voting margins, a report released Thursday said.
New York - The country's third largest auto maker Chrysler Thursday reported losses of more than 1 billion dollars in the year's first half, with second-quarter losses of 565 million dollars.
