ICIEC and IIGF sign an MOU to support investors in Indonesia
(CPI Financial
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30/04/2012)
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Indonesia Infrastructure Guarantee Fund (IIGF) signed a Memorandum of Understanding (MOU) during the 2012 Asia Finance and Risk Mitigation Forum in Makati City,
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Shanghai, Shenzhen Exchanges to Cut A-Share Trading Fees
(Bloomberg
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30/04/2012)
China’s two stock exchanges will lower fees charged for trading yuan-denominated shares by 25 percent with effect from June 1, the nation’s securities regulator said in a statement on its website yesterday. The Shanghai and Shenzhen bourses will charge
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Political Uncertainty Sends Stocks Sharply Lower: April 30, 2012
(ForexPros
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30/04/2012)
Asian markets traded lower on Monday. The Nikkei slipped .2% to 9542, the Kospi eased .1%, and the ASX 200 declined .3%. The Shanghai Composite dropped .8%, and the Hang Seng sank 1.8%, weighed down by China Mobile’s 3% drop, after the company reported
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Al-Takaful Palestinian Insurance reports leap in Q1 profits
(CPI Financial
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30/04/2012)
Net profit reached $ 652,224 USD, compared with a net profit of $84,164 from the first three months of 2011, a net increase of 674.9 per cent. Total assets of the company reached $18,641,195 as of 31 March 2012, compared to total assets of $17,634,237 as
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Islamic insurance body visits Libya
(CPI Financial
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30/04/2012)
A delegation from the Islamic Corporation for Insurance and Investment, part of the Islamic Development Bank (IDB), has visited the Libyan Exports Development Centre. The Libya Herald reports the delegation was met by the director of the centre, Ali
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Debt fears halt European stocks' winning run
(Reuters
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30/04/2012)
European stocks dipped early on Monday in choppy trade and halted a four-session rally, dragged down by brewing concerns over Spain's finances. At 0819 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,050.80 points, after
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Markets end in the green
(Business Standard
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30/04/2012)
The Sensex ended (provisional) at 17,312 , up 125 points and the Nifty at 5,248 , up 39 points. Markets continued to witness positive trades in afternoon trades with the BSE Sensex at 17,274, up 87 points and the Nifty at 5,233, up 24 points. Earlier in
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Eurozone April Inflation Slows Slightly
(RTT News
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30/04/2012)
Eurozone annual inflation eased less than expected to 2.6 percent in April from 2.7 percent in March, flash estimate issued by Eurostat showed Monday. Economists were forecasting the rate to fall to 2.5 percent in April. The statistical office is slated
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Oriental Bank net dips 20.6% in Q4
(The Hindu Business Line
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30/04/2012)
Oriental Bank of Commerce has reported a 20.6 per cent decline in net profit for the fourth quarter ended March 31, 2012 at Rs 264.90 crore (Rs 333.66 crore). The bank has recorded a 29.23 per cent increase in total income for the quarter under review at
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Vijaya Bank posts 3-fold rise in 2011-12 profit
(The Hindu Business Line
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30/04/2012)
Vijaya Bank has posted 234 per cent increase in its net profit for the fourth quarter of the last fiscal. Its net profit stood at Rs 180.99 crore compared with Rs 54.23 crore recorded during the corresponding quarter of the previous fiscal. "Our
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Bank of India share spurts
(The Hindu Business Line
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30/04/2012)
The share price of Bank of India perked up by about Rs 20 after it announced a near doubling of its net profit in Q4 of 2011-12 compared to the corresponding period in the previous fiscal. But the bank has maintained the dividend at Rs 7 for every share
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FTSE modestly higher on final session of April
(Guardian.co.uk
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30/04/2012)
The top shares were lower in choppy early trade on Monday, the final trading session for April, reflecting caution ahead of another big batch of corporate earnings reports this week, and uncertainty over the euro zone debt crisis. Data showed on Monday
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Nifty moves higher; DLF, RInfra, TCS, IDFC gain
(The Economic Times
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30/04/2012)
The Nifty continued to move higher on the back of positive cues from Asian peers. All sectoral indices were in the green with realty, technology, banks and metals leading the upmove. Token buying by foreign institutional investors in the previous session
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Spain Returns To Recession In Q1
(RTT News
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30/04/2012)
The Spanish economy slipped back into recession in the first quarter of 2012, making the government's job of meeting the deficit targets even tougher amid the public anger against the deepening austerity and record-high unemployment. Gross domestic
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Asia shares gain as U.S. data raises hope of Fed easing
(Guardian.co.uk
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30/04/2012)
Asian shares rose on Monday as weaker-than-expected U.S. growth data left open the possibility of further monetary stimulus from the Federal Reserve to boost growth, but trading was subdued with Japanese and Chinese markets closed. The dollar remained
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Hang Seng up 1.18pc at open
(The Standard
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30/04/2012)
Hong Kong shares opened 1.18 percent higher following gains on US and European markets at the end of last week. The benchmark Hang Seng Index was 245.69 points higher at 20,987.14 in the first minutes of trade.
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Chongqing Changan Auto sees profit in 2011 down by 52pct YoY
(China Knowledge
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30/04/2012)
China Knowledge reported that Chongqing Changan Automobile Co Ltd a leading domestic automaker posted CNY 967.94 million-net profit attributable to shareholders for 2011 reflecting a YoY decline of 52.4% from CNY 2.04 billion. In a statement, the
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Valin Steel lost CNY 713 million in Q1
(Steelguru
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30/04/2012)
According to quarterly report of Valin Steel, they confronted a huge losses of CNY 713 million in first three months of 2012, seeing a widening deficit compared to the same period of last year. Report shows that Valin Steel earned CNY 15.951 billion of
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German Retail Sales Rebound In March
(RTT News
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30/04/2012)
Retail sales in Germany increased for the first time in three months in March, the latest figures from the Federal Statistical Office showed Monday. The seasonally adjusted sales rose 0.8 percent month-on-month in real terms in March, following a 0.9
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U.S. Consumer Spending Probably Rose on Income Gains
(Bloomberg
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30/04/2012)
Consumer spending in the U.S. probably climbed in March as incomes grew, indicating the biggest part of the economy is helping to sustain the expansion, economists said before a report today. Household purchases, which account for about 70 percent of the
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Hong Kong Stocks Rise as BoCom Tops Estimates, China Coal Gains
(Bloomberg
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30/04/2012)
Hong Kong stocks rose, extending this month’s rally, on strong earnings as Bank of Communications Ltd. led lenders higher after beating estimates and China Coal Energy Company Ltd.’s profit increased. Bank of Communications advanced 2.6 percent. China
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Sensex gains 0.8 pct in early trade; Maruti Suzuki down 2%
(The Economic Times
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30/04/2012)
The BSE Sensex rose as much as 0.8 percent early on Monday with TCS, Infosys and HDFC Bank leading the gains. The broader 50-share NSE index was up 0.7 percent to 5,244.20. Shares of Maruti Suzuki slipped 2% in early trade after the car maker reported a
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Markets witness positive trades
(Business Standard
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30/04/2012)
The markets are witnessing positive trades in the morning session with the BSE Sensex at 17,272, up 84 points and the Nifty at 5,235, up 26 points. The markets are likely to be range-bound during this truncated week amid sluggish foreign fund inflows,
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Canara Bank slashes lending rates by 25 bps
(Business Standard
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30/04/2012)
Canara Bank has become the latest to slash interest rates on loans, reducing its base rate by 25 basis points to 10.5%. The new rate comes into effect from Tuesday. Canara has also slashed its benchmark prime lending rate by 25 bps to 14.75% and cuts
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Singapore Bank Lending Rises In March
(RTT News
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30/04/2012)
Total bank lending in Singapore continued to rise in March, the latest data from the Monetary Authority of Singapore showed Monday. Total loans and advances, including bills financing, rose to S$432.61 billion in March from S$426.4 billion in February.
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