McCain backs increasing limit on bank deposits


The Republican senator John McCain said that he backed the plan of government to increase the limit on allowing bank deposits from $100,000 to $250,000 , in an interview to a TV channel and he recommended Federal Deposit insurance Corp. Limits should be increased to help Americans.
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European market comes with mixed response for U.S. bailout failure

The European markets gave mixed responses for the bailout failure on Tuesday. The chief economist at research firm in Greenwich wrote that the short term funding markets are worst sufferers of the market crisis.
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Home prices decline by 16.3 % in July in American cities

In major 20 cities across America home prices fell by more than 16 % and this has been one of the fastest pace at which housing recession has taken place. The S & P home price indexes went down by 16.3 %.
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India and France get into a nuclear co-operation pact

A nuclear bilateral co-operation pact has been signed by Indian Prime Minister Manmohan Singh and French President Nicolas Sarkozy that will allow France to sell French nuclear reactors to India.
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