European shares buoyed by China stimulus hopes
(Reuters
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29/05/2012)
European equities rose on Tuesday, following a stronger showing in Asia where the spotlight fell on the possibility of further policy stimulus in China, though trade looked set to be cautious given fears over Spain's banks. The FTSEurofirst 300 was up
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Banks can lower interest rates if CRR cut further: SBI
(The Economic Times
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29/05/2012)
Ahead of RBI's mid-quarterly policy review, State Bank of India today said a cut in cash reserve ratio (CRR) will give a room to banks for lowering interest rates. "More the RBI cuts CRR, greater will be the ability of banks to reduce rates," SBI
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German Import Price Inflation Slows Further In April
(RTT News
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29/05/2012)
Germany's import price inflation slowed for the seventh consecutive month in April, data released by the Federal Statistical Office showed Tuesday. The import price index increased 2.3 percent on an annual basis in April, slower than the 3.1 percent
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Japan Small Business Confidence Falls In May
(RTT News
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29/05/2012)
Japan's small business sentiment deteriorated for a second month in May, Shoko Chukin Bank said Tuesday. The corresponding index dropped by 0.4 points to 47.2 in May. A reading below 50 indicates that pessimists outnumber optimists. Confidence among
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Hang Seng down 0.35pc at open
(The Standard
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29/05/2012)
Hong Kong stocks opened 0.35 percent lower as eurozone debt concerns moved to Spain amid fears over the strength of the country's banking system. The benchmark Hang Seng Index eased 65.49 points to 18,735.50 in the first few minutes of trade.
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Czech economic confidence down in May 2012
(Steelguru
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29/05/2012)
It is reported that overall Czech confidence in the economic outlook continued to fall in May 2012 after already slipping in April 2012. The composite index of business and consumer confidence drawn up by the Czech Statistical Office fell by 1.6 points
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Asia Stocks Rise as China Stimulus Tempers Europe Concern
(Bloomberg
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29/05/2012)
Asian stocks rose amid speculation China will do more to boost growth in the world’s second-largest economy, tempering concern about Europe’s debt crisis. Chinese automakers Geely Automobile Holdings Ltd. (175) and Dongfeng Motor Group Co. rose at least
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JGB streak beats Treasurys on BOJ easing expectations
(The Japan Times
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29/05/2012)
Japanese government bonds are set for a sixth monthly gain, a winning streak that beats Treasurys amid investor speculation the central bank will bolster monetary easing to defeat deflation. Japanese debt maturing in more than a year has returned 0.3
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S. Korean Manufacturers' Business Outlook Weakens
(RTT News
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29/05/2012)
South Korean manufacturers' business sentiment for June weakened after rising for four consecutive months, survey results from the Bank of Korea showed Tuesday. The outlook index dropped by 4 points to 86 in June. On a seasonally adjusted term, it went
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Capital goods, auto stocks drive Sensex up 58 points
(The Hindu Business Line
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29/05/2012)
Indian benchmark indices, the Sensex and the Nifty, continued to trade higher by over 0.3 per cent in the morning session on value-buying by funds and retail investors in selective stocks. Besides value buying by funds and retail investors at selective
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China approves CNY 100 billion steel investments
(Steelguru
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29/05/2012)
It is reported that the National Development and Reform Commission recently approved a number of large steel projects in Shougang Qiangang, Zhanjiang and Guangxi, with total investment of more than CNY 100 billion in an attempt to stabilize economic
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China stimulus may be CNY 2 trillion - Credit Suisse
(Bloomberg
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29/05/2012)
Credit Suisse Group AG said that the Chinese government’s stimulus in response to the nation’s economic slowdown will probably be as high as CNY 2 trillion, half the size of 2008’s package. Mr Tao Dong a Hong Kong based economist said in a research note
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China sees 2pct decline in industrial profit in Apr
(China Knowledge
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29/05/2012)
China Knowledge quoted according to statistics released by the National Bureau of Statistics, the combined profit of industrial enterprises with at least CNY 20 million revenues in China fell 2.2%YoY to CNY 407.6 billion in April this year. In the first
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India to sell Rs 150 bn of bonds on Friday: RBI
(Reuters
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29/05/2012)
India will sell Rs 150 billion ($2.7 billion) of bonds on June 1, the Reserve Bank of India said in a statement on Monday. The government will sell 40 billion rupees of 8.19 percent 2020 bonds, Rs 70 billion of 9.15 percent 2024 bonds, as well as Rs 20
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Nifty seen opening soft; Coal India eyed
(The Economic Times
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29/05/2012)
The 50-share Nifty Index is expected to open soft on Tuesday tracking mixed Asian markets while investors will keep a close eye on Coal India Ltd after the company declared its quarterly results post market hours on Monday. State miner Coal India,
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Malaysia Vows To Maintain Capital Market Competitiveness
(RTT News
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29/05/2012)
Malaysia's Prime Minister Najib Razak said Tuesday that the government needs to ensure that the country's capital market remains competitive and has the depth and breadth required to continue to drive economic and national growth agenda. He said in order
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Pre-market: Gap down opening seen
(Business Standard
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29/05/2012)
The markets could drift lower in trade today in-line with the global peers. US financial markets were closed on Monday for the Memorial Day holiday. Asian shares and the euro, however, eased on Tuesday, with a relief rally from last week's heavy selling
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RBI eases banks' term deposit restrictions
(Business Standard
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29/05/2012)
The Reserve Bank of India (RBI) has removed restrictions imposed on banks which earlier prevented lenders from levying penalty on customers for foreclosure of some term deposits. The RBI said, in a notification issued on Monday, banks can formulate their
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Nikkei dips as Spanish risk premium jumps
(Reuters
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29/05/2012)
Japan's Nikkei share average slipped in early trade on Tuesday as a surge in Spanish borrowing costs kept investors away from riskier assets. The Nikkei dipped 0.4 percent, while the broader Topix index slipped 0.3 percent in relatively thin trade.
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Japan Stocks Fall as Spain Struggles to Fund Bank Bailout
(Bloomberg
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29/05/2012)
Japanese stocks fell, with the Nikkei 225 Stock Average snapping a three-day rally, amid concern Europe’s debt crisis is worsening as Spain struggles to avoid tapping markets to rescue its third-biggest lender. Kyocera Corp. (6971), an electronics maker
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KL shares open slighly lower
(Business Times
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29/05/2012)
Share prices on Bursa Malaysia opened slightly lower Tuesday as investors remained sidelined awaiting the Eurozone uncertainty to clear up. At 9.20 am, the benchmark FBM KLCI was 1.46 points easier at 1,553.48 after opening 0.94 of a point lower at
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BSE Sensex gains, tracks Asian indexes
(Reuters
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28/05/2012)
The BSE Sensex gains 0.5 percent, while the 50-share NSE index .NSEI is up 0.6 percent. State Bank Of India gains 2.1 percent while Tata Motors (TAMO.NS) is flat ahead of earnings due on Tuesday. Asian shares edge up as opinion polls showing a lead for
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Top six firms gain over Rs 21k crore in m-cap
(The Economic Times
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28/05/2012)
Six of the top 10 BSE Sensex companies added Rs 21,339 crore to their market capitalisation (m-cap) last week, led by ONGC which alone gained over Rs 7,000 crore in value. The six companies witnessed gains in their combined valuations amid a flat market
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STOCKS NEWS SINGAPORE-Index rises, GLP up nearly 5 pct
(Reuters
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28/05/2012)
Singapore shares were slightly higher by midday, with Global Logistic Properties Ltd (GLP), which has logistics facilities in China and Japan, among the biggest gainers. The Straits Times Index was up 0.3 percent at 2,781.52 points, while MSCI's broadest
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CANADA STOCKS-TSX rises on China, Greek hopes
(Reuters
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28/05/2012)
Canadian stocks rose on Monday as resource and financial shares gained on hopes of more stimulus from China, and as Greek polls showing growing support for pro-bailout parties eased speculation about a disorderly exit from the euro zone. The Toronto
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