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3/19/2012 11:09 PM ET (RTTNews) – Indian shares are seen opening on a flat note Tuesday, as a lack of fresh triggers may prompt investors to remain on the sidelines amid mixed Asian cues. Asian markets are trading mostly lower even as technology stocks gained ground following news that Apple will issue its first stock [...] [...]
3/20/2012 6:15 AM ET (RTTNews) – Indian shares snapped a three-day losing streak on Tuesday, defying a regional downward trend and a retreat in European shares for a second day, as a fall in oil prices from their highest levels in almost three weeks eased inflation worries. Also, sentiment improved after amendments moved by the [...] [...]
3/19/2012 7:30 AM ET (RTTNews) – Indian shares fell sharply on Monday on apprehensions whether the government will rein in spending and bring down fiscal deficit to 5.1 percent as announced in this year’s Budget. Also weighing on sentiment to some extent, government data released today indicated an acceleration in price levels in February, with [...] [...]
3/19/2012 12:38 AM ET (RTTNews) – Indian shares are trading modestly lower in early trading on Monday as analysts and industry leaders expressed disappointment over the budget proposals. Other Asian markets are trading mostly higher this morning, helping limit the downside to some extent. Erasing early gains, benchmark indexes Sensex and the Nifty are currently [...] [...]
3/19/2012 6:06 AM ET (RTTNews) – Asian shares ended on a mixed note on Monday as lower-than-expected consumer-sentiment and industrial-production data from the United States tempered optimism about growth in the world’s largest economy. While signs of growing stability in the euro zone helped eased sovereign debt worries, investors are sitting on the sidelines awaiting [...] [...]
3/9/2012 6:22 AM ET (RTTNews) – Indian shares rallied on Friday, snapping a three-day losing streak, as local shares played catch-up with gains across Asia on Thursday when the Indian markets were closed to celebrate Holi. The U.S. and European markets rallied overnight on optimism about the Greek debt-swap deal, which was finally announced early [...] [...]
3/12/2012 5:27 AM ET (RTTNews) – Asian stocks ended mostly lower on Monday as data showing China posted its largest trade deficit since at least 1989 last month suggested that global demand remains weak.Investors also paused to assess the outcome of the Bank of Japan’s two-day policy-setting meeting through Tuesday and the meeting of the [...] [...]
3/11/2012 11:19 PM ET (RTTNews) – Indian shares are likely to open higher on Monday, extending Friday’s rally after the Reserve Bank of India unexpectedly cut its reserve requirement for banks by 75 basis points on Friday to ease liquidity crunch expected due to advance tax outflows. The move ahead of this week’s official rate [...] [...]
3/8/2012 10:22 PM ET (RTTNews) – Indian shares are poised to open higher on Friday, mirroring positive Asian cues as Chinese annual rate of consumer inflation slowed sharply to a 20-month low of 3.2 percent in February and reports suggest that Greece and a majority of its eligible bondholders have agreed to a new bond-swap [...] [...]
3/9/2012 4:47 AM ET (RTTNews) – Asian markets rallied for a second day on Friday after data showed China’s inflation eased to a 20-month low in February and Greece announced that it won sufficient support from its private-sector creditors to secure its second bailout package from the EU and the IMF. Greece successfully completed the [...] [...]
3/12/2012 12:56 AM ET (RTTNews) – Indian shares edged higher on Monday, shrugging off mixed Asian cues, as a surprise 75 basis point cut in banks’ cash reserve ratio announced by the Reserve Bank of India raised hopes for a 25 basis point cut in repo rate on 15th. Meanwhile, investors await industrial production data [...] [...]
3/8/2012 11:58 PM ET (RTTNews) – Indian shares snapped a three-day losing streak on Friday, tracking firm Asian cues after reports indicated that Greece has successfully closed its bond swap offer to private creditors. This was a key condition for securing the 130 billion euro second bailout from the EU and IMF.The benchmark 30-share Sensex [...] [...]
3/8/2012 11:58 PM ET (RTTNews) – Indian shares snapped a three-day losing streak on Friday, tracking firm Asian cues after reports indicated that Greece has successfully closed its bond swap offer to private creditors. This was a key condition for securing the 130 billion euro second bailout from the EU and IMF.The benchmark 30-share Sensex [...] [...]
3/9/2012 4:47 AM ET (RTTNews) – Asian markets rallied for a second day on Friday after data showed China’s inflation eased to a 20-month low in February and Greece announced that it won sufficient support from its private-sector creditors to secure its second bailout package from the EU and the IMF. Greece successfully completed the [...] [...]
3/9/2012 6:22 AM ET (RTTNews) – Indian shares rallied on Friday, snapping a three-day losing streak, as local shares played catch-up with gains across Asia on Thursday when the Indian markets were closed to celebrate Holi. The U.S. and European markets rallied overnight on optimism about the Greek debt-swap deal, which was finally announced early [...] [...]
3/8/2012 10:22 PM ET (RTTNews) – Indian shares are poised to open higher on Friday, mirroring positive Asian cues as Chinese annual rate of consumer inflation slowed sharply to a 20-month low of 3.2 percent in February and reports suggest that Greece and a majority of its eligible bondholders have agreed to a new bond-swap [...] [...]
3/5/2012 10:16 PM ET (RTTNews) – Indian shares are seen opening lower on Tuesday as investors brace for assembly poll results in five states due in a few hours from now. Investors have apprehensions that poor showing by the Congress party could hamper any move to revive stalled reforms. With exit polls predicting a hung [...] [...]
3/6/2012 10:13 PM ET (RTTNews) – Indian shares may retreat further in early trading on Wednesday, tracking negative global cues. U.S. and European shares tumbled overnight on global growth concerns and Asian markets are following suit, albeit posting modest losses.Investors are monitoring Greece bailout headlines to see if the debt-strapped nation can complete a bond [...] [...]
3/7/2012 6:22 AM ET (RTTNews) – Indian shares ended off their day’s lows on Wednesday, with gains in rate-sensitive banks, property developers and automakers helping limit the downside ahead of a market holiday tomorrow on account of Holi. Stocks fell for a third day as negative overnight cues from the U.S. and European markets and [...] [...]
HONG KONG (AP) — American International Group Inc. is selling part of its stake in AIA Group Ltd. to raise $6 billion as it continues to repay the $182 billion government bailout that prevented the company’s collapse during the 2008 financial crisis. New York-based AIG plans to sell a “significant proportion” of its 33 percent [...] [...]
3/5/2012 11:50 PM ET (RTTNews) – Indian shares rebounded after an early sharp fall on Tuesday as early trends suggest that the Samajwadi Party (SP) will not be able to form government in Uttar Pradesh without Congress support. With BJP emerging as the second largest party in the state, a Congress-SP alliance in India’s most [...] [...]
3/7/2012 4:41 AM ET (RTTNews) – Asian shares fell for a third day in a row on Wednesday as worries about a possible disorderly default by Greece and the uncertain global economic outlook made investors risk averse. Concerns that Greece may not secure a deal with private creditors by the Thursday deadline rendered the underlying [...] [...]
3/6/2012 11:53 PM ET (RTTNews) – Indian shares lost ground for a third consecutive session on Wednesday as a poor performance by the Congress party in the big northern state of Uttar Pradesh raised doubts about the government’s ability to push through stalled economic reforms. Weak global cues also dampened investor sentiment. U.S. and European [...] [...]
By Richard HubbardLONDON | Wed Mar 7, 2012 3:48pm IST LONDON (Reuters) – European shares steadied after two days of losses and the euro recovered from a 3-week low on Wednesday as markets braced for the outcome of the Greek debt restructuring deal, and evidence mounted of a weaker outlook for the global economy.With stimulus [...] [...]
3/6/2012 4:39 AM ET (RTTNews) – Most Asian stocks fell on Tuesday, extending the previous session’s losses, as Beijing’s downward revision of its economic growth forecast dragged down miners and investors looked ahead to a meeting of Greece’s private sector creditors on Thursday for a final resolution to Greece’s long-standing debt crisis. Fears that the [...] [...]
3/6/2012 6:14 AM ET (RTTNews) – Indian shares fell in volatile trading on Tuesday after it became clear that the Samajwadi Party will form the next government in India’s most populous state of Uttar Pradesh without outside support from the Congress party. The Congress trailed in fourth place, a severe blow for Rahul Gandhi, who [...] [...]
PAYING IT DOWN: American International Group Inc. is selling part of its stake in AIA Group Ltd. to raise $6 billion as it repays the $182 billion government bailout it received during the 2008 financial crisis. SHARES PRICED: New York-based AIG confirmed late Monday that it is selling 1.72 billion AIA shares at 27.15 Hong [...] [...]
3/1/2012 11:48 PM ET (RTTNews) – Indian shares fell after a firm start on Friday as the overnight spike in oil prices on rumors of a supply disruption from Saudi Arabia sparked worries that the Reserve Bank of India might not be able to cut policy rates. However, Brent crude futures slipped from an 11-month [...] [...]
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