News Today - July 22

* Interest rates must stay at historically low levels for the economy to get out of the ditch, but it is not too early to discuss how the central bank will act once things get back to normal, Federal Reserve Chairman Ben Bernanke said Tuesday.

* Australian consumer price inflation slowed to it lowest annual pace in a decade last quarter as falls in food and financing costs helped offset increases in health, clothing and rents.

* China State Construction Engineering Corp., which built the Olympic 'Water Cube,' is planning to raise up to $7.3 billion in an upcoming Shanghai initial public offering, the biggest IPO so far for 2009.

* Wipro's net profit rose 12% to Rs 1015.50 crore in the April-June quarter as against Rs 1010 crore in the previous quarter

* Mining giant BHP Billiton reports a 10% fall in iron-ore output for the recent quarter, with the annual figure below expectations.

* Longest Solar Eclipse of the 21st century , In Pictures


Get MarkeT PulZ updates in Email

Subscribe in a reader

Related articles

• Fed Chairman Bernanke taking the hot seat (msnbc.msn.com)
• Bernanke: Economy better, but... (money.cnn.com)
• Oil slips below $64 (money.cnn.com)