By The Associated Press Social networking behemoth Facebook has raised $500 million fromGoldman Sachs and a Russian investment firm in a deal that values the company at $50 billion, The New York Times reported.   Goldman invested $450 million and Digital Sky Technologies invested $50 million, the newspaper reported Sunday in its […]

By Agency Reporter Monday, 3 Jan 2011 MUMBAI : Central bank officials from India and Iran were set to meet on Friday to try to hammer out a deal to keep their oil trade running, with New Delhi aiming to balance its energy needs with its global diplomatic interests. Reuters reported […]

By Agency Reporter Monday, 3 Jan 2011 SINGAPORE: Oil fell for a third day after a United States government report showed a smaller-than-forecast drop in crude inventories in the world‘s biggest consuming nation. Bloomberg reported on Friday. Oil traded near $90 a barrel, headed for its highest annual close since 2007, […]