Malaysian Central Bank Keeps Policy Rate Unchanged For Fourth Time
(RTT News
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31/01/2012)
Malaysia's central bank decided to leave the benchmark overnight policy rate unchanged at 3 percent for the fourth consecutive meeting on Tuesday, in line with economists' expectations. The last policy change was in May, when the Monetary Policy
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German Unemployment Falls Further In January
(RTT News
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31/01/2012)
German unemployment declined further to a two-decade low in January, suggesting that the economy is weathering the debt crisis as well as external headwinds, data from the Federal Labor Agency showed Tuesday. The number of unemployed persons decreased by
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Sensex ends at 17200; highest January gain in 18 years
(The Economic Times
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31/01/2012)
The Bombay Stock Exchange's Sensex witnessed a sharp surge in last half an hour of trade to close near important resistance levels. The benchmark recorded highest gains for the month of January in 18 years, say reports. All the sectoral indices closed in
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Sensex surges 330 points on FII buying
(The Hindu Business Line
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31/01/2012)
Indian benchmark indices, the Nifty and the Sensex, almost regained on Tuesday, what they lost the previous day. The Nifty closed at 5,199.25, up 2.2 per cent (112 points), while the Sensex ended at 17,194, up 1.96 per cent (330 points). “The rally is
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KL shares close higher
(Business Times
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31/01/2012)
Share prices on Bursa Malaysia closed higher today on late buying interest. Dealers said the local bourse ended in tandem with higher regional markets after encouraging comments by Greek Prime Minister Lucas Papademos that significant progress was made
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Nifty to trade in the 4,900-5,200 range
(Business Standard
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31/01/2012)
The Nifty saw a correction yesterday after it hit resistance near the level of the 200 Day Moving Average (DMA), above 5,200. If this downtrend continues, it could mean a reversal in the intermediate term. However, we have to wait and see if a phase of
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Economic growth revised down to 8.4% for 2010-11
(The Hindu Business Line
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31/01/2012)
The Government today revised the economic growth rate for 2010-11 financial year slightly down to 8.4 per cent from the earlier estimate of 8.5 per cent. “The Gross Domestic Product (GDP) at factor cost at constant prices in 2010-11 has registered a
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Bank, IT stocks push Sensex up 176 points
(The Hindu Business Line
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31/01/2012)
Indian benchmark indices rose over 1.04 per cent in the pre-noon session today on fresh buying by funds and retail investors tracking a firm trend in the Asian markets. At 11.50 a.m., the 30-share BSE index Sensex was up 175.92 points or 1.04 per cent at
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Singapore 2011 Jobless Rate At 14-Year Low
(RTT News
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31/01/2012)
Unemployment rate in Singapore declined to its lowest level in 14 years in 2011, preliminary estimates by the Ministry of Manpower showed Tuesday. The rate fell to 2 percent in 2011 from 2.2 percent in 2010. In the December quarter, the jobless rate
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Japan Dec Industrial Output Rises 4.0% On Month
(RTT News
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31/01/2012)
Industrial production in Japan jumped a seasonally adjusted 4.0 percent on month in December, the Ministry of Economy, Trade and Industry said in Tuesday's preliminary reading - suggesting that Japan's recovery from the devastating earthquake and tsunami
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Banks push European shares to 2-week closing low
(Reuters
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31/01/2012)
European shares hit a two-week closing low in thin trade on Monday as talks about a Greek debt swap deal stumbled on with no firm conclusion and U.S. consumer spending data lagged forecasts, dragging down cyclical stocks across the board. The widening in
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Nikkei heads for best January performance since 1999
(Reuters
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31/01/2012)
Japan's Nikkei share average was set to end a three-day losing run on Tuesday and headed for its best January performance since 1999, as investors took cues from optimism about the U.S. economy and shrugged off weaker corporate earnings results. "There
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Beiying Iron & Steel to issue CNY 500 million bills
(China Knowledge
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31/01/2012)
China Knowledge reported that Beiying Iron & Steel Group a steel supplier based in Benxi, Liaoning Province will issue CNY 500 million worth of 366-day unsecured bills on the interbank market on February 1. Coupon rate will be determined in the process
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Chongqin Steel to see deficit for 2012
(Steelguru
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31/01/2012)
Chongqin Steel has published the forecast for deficit for 2012. According to the preliminary estimate of their accounting apartment, this company will confront large amount of losses in their net profit and the specific figure will be revealed in their
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Shanghai GDP in 2011 up by 8pct YoY
(China Knowledge
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31/01/2012)
China Knowledge quoted according to the latest statistics released by the Shanghai Statistics Bureau that Shanghai, the country economic hub saw its gross domestic product rise 8.2%YoY to CNY 1.92 trillion in 2011. CNY 12.49 billion of the GDP was
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Nabard to raise Rs 7 billion via 3-year bonds: Sources
(Reuters
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31/01/2012)
National Bank for Agriculture and Rural Development ( NABARD) plans to raise 7 billion rupees through three-year bonds at 9.48 percent, three sources with direct knowledge of the deal said on Monday. Barclays Capital, ICICI Bank, Trust Capital, ICICI
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Nifty seen opening higher; ICICI Bank, PNB watched
(The Economic Times
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31/01/2012)
The 50-share Nifty index is expected to open higher on Tuesday tracking positive Asian markets while investors will keep a close eye on ICICI Bank Ltd, Punjab National Bank ahead of their quarterly results, due later today. The Nifty snapped its winning
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Allahabad Bank profit up 35%
(Business Standard
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31/01/2012)
Backed by higher fee-based income and growth in core operations, Kolkata-based Allahabad Bank posted a 35 per cent growth in net profit at Rs 560 crore for the quarter ended December 31, 2011, against Rs 415.80 crore in the same period last year. The
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Indian Bank's profit crosses Rs 500-cr mark
(Business Standard
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31/01/2012)
Indian Bank is planning to raise around Rs 1,000 crore through Tier-II capital bonds, to augment its Tier-II capital. The bank also said it got nod from the bank’s Board to issue offer perpetual bonds or debentures to financial institutional investors
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Sensex gains 134 points
(The Hindu Business Line
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31/01/2012)
Indian benchmark indices recovered in the opening session today on fresh buying by funds and retail investors tracking a firm trend in the Asian markets. At 9.15 a.m., the 30-share BSE index Sensex was up 133.80 points or 0.79 per cent at 16,997.10 and
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KL shares easier at mid-morning
(Business Times
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31/01/2012)
Share prices on Bursa Malaysia were easier at mid-morning today. At 11.04am, the FBM KLCI was 2.01 points lower at 1,511.54. A dealer said investors remained on the sidelines following continued concerns over the Greek debt problem. "However, bargain
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US stocks rebound from early losses
(Business Times
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31/01/2012)
US stocks clawed back from early losses on Monday, showing resiliency despite Greece's stalled bid to obtain a crucial debt writedown from private creditors to avoid default. Pulling back from opening losses of more than one percent, the major indexes
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Japan factory output rebounds as Thai flood impact fades
(Guardian.co.uk
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31/01/2012)
Japanese factory output rose more than expected in December as companies made up for disruptions caused by severe flooding in Thailand, but a sustained recovery is far from assured given renewed yen rises and slowing global growth. Finance Minister Jun
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JGBs mixed, 10-yr bonds soft as investors wary of auction
(Guardian.co.uk
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31/01/2012)
Japanese government bond prices were mixed on Tuesday, failing to track gains in U.S. Treasuries the previous day as market players turned cautious ahead of a 10-year JGB auction later in the week. * Ten-year debt came under slight pressure ahead of
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Hang Seng up 0.86pc at open
(The Standard
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31/01/2012)
Hong Kong stocks opened 0.86 percent higher as investors watched EU efforts to stabilise the eurozone and secure a deal on Greek debt by the end of the week. The benchmark Hang Seng Index rose 173.47 points to 20,333.88 in the first minutes of trad
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