Archive for the ‘World Markets’ Category
REUTERS: Mukesh Ambani retained the top spot among Indians on Forbes’ annual list of the world’s billionaires on Monday with an estimated worth of $ 21.5 billion. The Head of Reliance Industries was placed 22nd on a list headed by Mexican tycoon Carlos Slim. Ambani was ranked 19th on the list last year. “Mukesh Ambani’s [...]
Reuters: Veteran emerging markets investor Mark Mobius sees a bumper year ahead for riskier, high-yielding assets as hundreds of billions of dollars flows off bank balance sheets and back into markets. While banks had so far used ample central bank liquidity to bolster balance sheets and buy safe-haven US Treasuries, Mobius told Reuters that sentiment [...]
REUTERS: US hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $ 1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed. Rajaratnam would make the payment, representing the profits obtained by unlawful means, to the SEC [...]
Reuters: The Euro hit a one-month high, commodities rose and Asian shares climbed for a seventh consecutive day on Tuesday as global lenders reached a deal on new debt targets for Greece and a political agreement on disbursing the next instalment of aid. European shares will likely track Asian peers higher, with financial spread betters [...]
Reuters: Asian shares rose on Friday as investor risk appetite returned after overnight data suggested some stabilisation in the global recovery trend, particularly in the world’s top two economies, the United States and China. The MSCI index of Asia-Pacific shares outside Japan edged up 0.2 per cent, following overnight gains in European and US stocks [...]
Reuters: Asian shares rose as risk appetite recovered after European equities and the euro firmed overnight while U.S. financial markets looked set to reopen following their storm-forced shutdown. Key currencies stayed in recent ranges on Wednesday. The MSCI index of Asia-Pacific shares outside Japan rose 0.3%, off a two-week low hit on Tuesday. At its [...]
Reuters: Asian shares edged higher on Monday as investors took comfort in signs of stable growth in the United States, though caution over the uncertain global corporate earnings outlook capped prices. The MSCI index of Asia-Pacific shares outside Japan added 0.2% after shedding 1% on Friday and posting its biggest weekly drop in two months, [...]
Reuters: A panel of judges explored the ramifications Thursday of a potential reversal of hedge fund tycoon Raj Rajaratnam’s conviction as they heard arguments on whether FBI wiretap evidence should have been allowed at his insider-trading trial. The 2nd US Circuit Court of Appeals did not indicate how it might rule on the Galleon Group [...]
No evidence has been found that Facebook Inc withheld vital information from investors in the runup to its 17 May IPO, reports Bloomberg. The Securities and Exchange Commission’s (SEC) confidential probe into the embarrassing debut revealed that days before trading commenced on the social media giant’s stock, Facebook held private discussions with securities-firm analysts in [...]
Reuters: Asian shares rose on Tuesday after rallies in U.S. stocks and positive U.S. data cheered investors, while the euro inched up on hopes for some progress in the euro zone debt crisis. U.S. stocks climbed on Monday after earnings from Citigroup Inc, the third-largest U.S. bank, as well as retail sales data strongly beat [...]
TOKYO (Reuters):Asian shares rose on Tuesday but were capped by concerns over global growth prospects, especially in the world’s second-biggest economy China, and expected weak U.S. corporate earnings. The International Monetary Fund cut its global growth forecast on Tuesday to a 3.3 percent expansion for 2012, down from its July estimate of 3.5 percent, making [...]
Reuters: Asian shares steadied on Thursday while the dollar index stayed under pressure, leaving investors who worry about global growth awaiting fresh US economic data and a European Central Bank policy meeting later in the day. The MSCI index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1%. Australian shares .AXJO were up 0.3%, after [...]