What's crimping Japan? Money Week | Currency traders may talk of the yen soaring to a new record against the dollar, but no one is getting excited about Japanese stocks. Indeed, the Nikkei 225 index has fallen even as the yen has strengthened. "It may be overdoing it to say that the strong yen has caused the stockmarket to weaken," ...
U.S. Dollar Mixed in Quiet Trading The Street The general consolidative tone that emerged near midweek remains intact. The U.S. employment data is seen by many as the likely signal of the near-term direction, but over the last three months the market's disappointment has not been consistently been reflected or expressed in the dollar's performa...
10% of global reinsurers close doors on Indian cos The Times Of India MUMBAI: Nearly 10% of the world’s reinsurance markets have closed down for Indian insurers following the government’s decision to tax premium paid out by domestic companies to global underwriters. | Last year, the government made it mandatory for...
Rupee has best week in a month on growth hopes The Times Of India The rupee completed the biggest weekly gain in a month on speculation that accelerating economic growth will prompt investors to increase purchases of the nation’s stocks. The currency strengthened to the highest level in two weeks as funds based a...
Indian stocks advance beyond expectations Gulf News | Mumbai: Most Indian stocks climbed amid expectations local companies will benefit from strengthening economic growth. | Sterlite Industries (India) Ltd, the nation's biggest copper and zinc producer, gained for the third day as ore prices advanced ...
Fertilizer War: China Sets Sights on Potash The Street There have been several developments. | Potash-BHP: the Fertilizer War From A to Z | First, Chinese government authorities -- highly concerned about the ways and means of controlling its food supply -- have evidently "ordered" companies in the People...
4 China Solar Stocks to Watch The Street The fact that the Chinese government is promoting clean energy provides investors buying opportunity in the solar sector. China, on its way to reduce reliance on growth driven by energy-driven industries, plans to spend $738 billion over the next dec...
Hurco Fiscal 3Q Loss Narrows Slightly The Street The company posted a loss of $1.17 million, or 18 cents per share, compared with a year-earlier loss of $1.23 million, or 19 cents per share. | Revenue jumped 39 percent to $26.5 million from $19 million a year earlier. Costs rose 58 percent to $21.8...
AP / Rajesh Kumar Singh, File
Bringing Light to India's Rural Areas The New York Times | BANGALORE, INDIA — As dusk falls, the sound of children singing fills the air at the SOS Tibetan Children’s Village in Bylakuppe, five hours’ drive from Bangalo...
Strong Yen Helps to Fuel Germany's Export Boom The New York Times | FRANKFURT — There was a touch of schadenfreude in the most recent earnings report issued by Kuka, a company based in the Bavarian city of Augsburg whose orange industrial r...
U.S. Dollar Mixed in Quiet Trading The Street The general consolidative tone that emerged near midweek remains intact. The U.S. employment data is seen by many as the likely signal of the near-term direction, but over the last three months the market's disappointment has not been consistently be...
Yuan ends higher before US officials visit China The Times Of India SHANGHAI: The yuan closed up against the dollar on Friday for the second straight day after the People's Bank of China fixed a stronger mid-point ahead of a visit to Beijing by US President Barack Obama's top economic adviser. | But the yuan's gains ...
Sugar eases on bumper crop hopes, weak demand The Times Of India MUMBAI: Spot sugar eased on Friday as weak demand and hopes of bumper output outweighed slightly lower supplies and expectations of a rise in demand during festivals, dealers said. | "Demand is not sustaining at higher levels. Bulk buyers have enough...
China's Benchmark Flat On Economic Concern The Street The benchmark Shanghai Composite Index closed flat at 2,655.39, but ended the week up 1.7 percent. The Shenzhen Composite Index for China's smaller second exchange edged up 0.5 percent to 1,178.26. | China's manufacturing and auto sales rebounded in ...
Andhra Bank, UCO Bank, Canara Bank and Corporation Bank get new CMDs The Hindu | S. Raman | NEW DELHI: The new chiefs of four public sector banks took charge on Wednesday, including Canara Bank Chairman and Managing Director (CMD) S. Raman and UCO Bank chief Arun Kaul. | While the term of the new CMD of Canara Bank comes to an end in September, 2012, the UCO Bank chief will retire after five years. | In addition, Central Bank...
BP to sell Malaysian ethylene and polyethylene interests to Petronas The Examiner | BP today announced that it has agreed to sell its interests in ethylene and polyethylene production in Malaysia to PETRONAS. The agreement concerns BP’s 15 per cent interest in Ethylene Malaysia Sdn Bhd (EMSB) and 60 per cent interest in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated by PETRONAS, and are located at Kertih, on...
