Output fall clouds recovery
(The Japan Times
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31/03/2012)
Industrial production unexpectedly dropped in February, undercutting signs of an economic rebound in the first quarter as policymakers assess whether to apply further stimulus. Factory output slid 1.2 percent from the previous month, the Ministry of
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Experts: 10% tax too minor to dent deficit
(The Japan Times
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31/03/2012)
The Cabinet on Friday made good on its vow and moved forward on doubling the consumption tax by 2015, but some experts and lawmakers already see it as only a tiny step in cutting the ever-expanding fiscal deficit. "It is obvious that further tax hikes
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Best Quarter Since 2010 as Credit Easing Looms: China Overnight
(Bloomberg
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31/03/2012)
Chinese equities traded in the U.S. posted their best quarter since 2010 on prospects policy makers will step up monetary easing to combat further slowing in the world’s second-largest economy. The Bloomberg China-US Equity Index (CH55BN) of the
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Consumer inflation for industrial workers up by 7.57 pc in February
(The Economic Times
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31/03/2012)
Higher food prices pushed up inflation based on the consumer price index for industrial workers (CPI-IW) stood at 7.57 per cent in February. "The point-to-point rate of inflation based on CPI-IW for the month of February 2012 is 7.57 per cent as compared
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Weekly Report: Markets end flat on expiry week
(Business Standard
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31/03/2012)
Markets ended the last week of the financial year on a flat note. Volatility ruled the roost as traders rolled over positions in the March series on Thursday. The Sensex advanced 42 points at 17,404. Nifty was up 17 points at 5,295. Markets slipped on
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COSCO 2011 loss tops CNY 10 billion
(Steelguru
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31/03/2012)
It is reported that China COSCO Holdings posted a loss of CNY 10.45 billion in 2011 on a 14.5% drop in revenue to CNY 68.91 billion with loss per share of CNY 1.02. The shipping company posted a loss of CNY 7.54 billion in 2009. According to COSCO,
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Japanese crude steel output in Apr-Jun quarter to slide further
(Bloomberg
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31/03/2012)
Bloomberg reported that the Japanese Ministry of Economy, Trade and Industry said that “Japan’s steel output may fall 1.9% in the quarter starting April 1. Crude steel production may reach 26.1 million tonnes in the quarter starting from April, compared
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Maanshan Steel 2011 profit tumbles by 94pct YoY
(Bloomberg
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31/03/2012)
Bloomberg reported that Maanshan Iron & Steel Co the second biggest Hong Kong traded steelmaker profit tumbled 94% last year missing analysts’ estimates as slowing demand cut prices and it wrote down inventory values. The Maanshan Anhui province based
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BaoSteel profit in 2011 dips by 43pct YoY
(Bloomberg
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31/03/2012)
Bloomberg reported that China’s biggest publicly traded steelmaker Baoshan Iron & Steel Co posted its lowest quarterly profit in more than two years. Its net income fell by 55% to CNY 1.04 billion in the fourth quarter ended December 31st 2011 from CNY
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Nifty near day's high on FM's P-notes comments
(The Economic Times
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31/03/2012)
The National Stock Exchange's Nifty gained momentum after Finance Minister Pranab Mukherjee clarified that there will be no tax liability on holders of P-Notes and a clarification will be issued in due course. He added that the government doesn't intend
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Banks' NPAs at Rs 1.27 lakh cr till Dec
(Business Standard
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31/03/2012)
The non-performing assets (NPAs) of banks have risen to Rs 1.27 lakh crore till December last year, Parliament was informed today. Bank's bad loans stood at Rs 94,084 crore in 2010-11, Rs 81,813 crore in 2009-10 and Rs 68,220 crore in 2008-09, Finance
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India Oct-Dec. Current Account Deficit Widens
(RTT News
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31/03/2012)
India's current account deficit increased from last year in the three months ended December, data released by the Reserve Bank of India showed Friday. The current account deficit increased to $19.6 billion or 4.3 percent of GDP during the three-month
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Canadian Economy Chugs Along In January
(RTT News
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31/03/2012)
The Canadian economy economy grew at a slower pace in January compared to final month of 2011, as increased factory activity was nearly offset by a slowdown in natural gas extraction. Real gross domestic product edged up 0.1 percent in January after
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U.S. Stocks Fall in S&P 500’s Biggest Weekly Drop in 2012
(Bloomberg
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31/03/2012)
U.S. stocks rose this week, with the Standard & Poor’s 500 Index completing the biggest first- quarter rally since 1998, after Federal Reserve Chairman Ben S. Bernanke said he will keep stimulating the economy and Europe agreed to increase rescue funds.
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FII-TO-FII TRADES: PNB traded at 7% premium
(Business Standard
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31/03/2012)
Trades between FIIs generated a volume of Rs 179 crore on the BSE Friday-an increase of 305.62% from Rs 44 crore clocked on Thursday. As many as seven stocks witnessed trades of 156 lakh shares on Friday. Punjab National Bank (PNB) was traded at highest
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Miners help a laggard FTSE see out weak March
(Guardian.co.uk
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31/03/2012)
Leading share index ended higher on Friday with mining shares helping blue-chip stocks the buck chart weakness that is set to overshadow the start of second quarter trade. The FTSE 100 <.FTSE> ended up 0.5 percent, or 26.42 points, on the day at 5,768.45
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Spain reveals deep cuts to meet deficit goal
(Guardian.co.uk
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31/03/2012)
Spain announced deep cuts to its central government budget on Friday as it battles to convince European partners and debt markets it can rein in its budget deficit in the face of growing complaints from the public. The government said it would make
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US steel imports down by 4.5pct MoM in February 2012 - AIIS
(Steelguru
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31/03/2012)
Based on preliminary government data, imports declined 4.5% MoM in February 2012 compared to January 2012. For the YTD 2012 period, imports increased by 38.9%. Total steel imports in February 2012 were 2.688 million tons compared to 2.815 million tons in
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China daily crude steel output rises in mid March - CISA
(Steelguru
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31/03/2012)
Reuters quoted industry data showed recently following on from a sharp rise earlier in the month that China daily crude steel output rose 1.1% in the second ten days of March from the preceding period. The China Iron & Steel Association said daily crude
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FBM KLCI may breach 1,597 level
(Business Times
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31/03/2012)
The FTSE Bursa Malaysia KLCI (FBM KLCI) will likely break the all-time high of 1,597 next week supported by local liquidity and strong first-quarter market performance in regional Asia Pacific markets. The index touched the 1,597 record level on July 11
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RBI's Rs 10,000-cr open market operation for bonds undersubscribed
(The Economic Times
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31/03/2012)
The Reserve Bank of India's open market operation for bonds worth Rs 10,000 crore was undersubscribed by almost 50% as it bought back bonds worth Rs 4,528 crore only. This was the first round of open market operations conducted by the Reserve Bank after
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Sensex ends 345 points up on FM's P-note clarification
(The Economic Times
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31/03/2012)
The National Stock Exchange's Nifty ended first day of April series around resistance levels as Finance Minister Pranab Mukherjee's clarification on P-Notes boosted sentiments. All the sectoral indices ended in the green with oil&gas, realty, banks and
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Sensex rises on P-Note cheer
(The Hindu Business Line
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31/03/2012)
The stock market witnessed a turnaround of fortunes on Friday mainly on account of fresh buying by foreign investors, said analysts. Besides, the Finance Minister, Mr Pranab Mukherjee's clarification on participatory notes also boosted sentiment.
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European share prices end best Q1 in six years
(Reuters
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31/03/2012)
European share prices snapped a three-day losing run on Friday to end the first three months of the year up 6.8 percent, the biggest first-quarter gain since 2006, after euro zone finance ministers agreed to boost rescue funds for the member nations.
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Japan's Nikkei logs strongest Q1 rise in 24 years
(Reuters
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31/03/2012)
Japan's Nikkei share average fell for a third straight session on Friday as investors pocketed gains from the strongest first quarter rally in 24 years, while the market waited on key global events next week for direction. Despite the dip, the Nikkei
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