US stocks higher ahead of EU summit
(Business Times
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28/06/2012)
A rebound in US durable goods orders in May, a sign of firmer action in US industry, helped push US stocks higher Wednesday in the wake of European and Asian markets. All sectors except discretionary consumer goods were higher, as traders shrugged off
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Shanghai woes no surprise
(The Standard
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27/06/2012)
In the past two years, several of Hong Kong's famous stock commentators have predicted the bull market will return to Shanghai A shares. Unfortunately since then, every rebound in A shares has been short-lived. In fact, the Shanghai Composite Index has
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China Markets Mixed As CITIC Heavy Sets IPO Price
(CapitalVue
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27/06/2012)
The Shanghai Composite Index fell 0.09 percent, or 2.05 points, today to close at 2,222.07 points on transaction value of 47.28 billion yuan. The Shenzhen Component Index gained 32.38 points, or 0.34 percent, to close at 9,446.59 points on transaction
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Hong Kong stocks edge up in choppy trading
(MarketWatch
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27/06/2012)
Hong Kong shares wavered between mild gains and losses in choppy trading early Tuesday, with relief buying in China Shenhua Energy Co. and China Unicom Hong Kong Ltd. supporting the market after hefty recent declines. The Hang Seng Index (HK:HSI) was up
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China Stock Market May Extend Losing Streak
(RTT News
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27/06/2012)
The China stock market has ended lower now in four straight sessions, plummeting more than 90 points or 4 percent en route to a six-month closing low. The Shanghai Composite Index settled just below the 2,225-point plateau, and now investors are bracing
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Chinese stocks at lowest since January
(FXstreet
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27/06/2012)
The Shanghai composite index is lower for the fifth consecutive session today, down 0.4% to 2217. Yesterday, the index broke below the March low and the technicals point to a fall to at least 2133 with a potential fall to the 2008 low of 1664 -- a 33%
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Asia stocks drop on growth outlook fears
(MarketWatch
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27/06/2012)
Asian markets skidded Friday as signs of a slowing world economy and a ratings downgrade of several major banks pushed investors away from risk assets before the weekend. For more on this
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China shares end down 1.6 percent, lowest level in 5 months
(Reuters
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27/06/2012)
China's main stock index sank for the fourth consecutive trading day on Monday, closing down 1.6 percent at a five-month low. The benchmark Shanghai Composite Index .SSEC closed at 2,224.1 points, its lowest level since mid-January, led down by
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High-speed trades make up fifth of Canada market
(Reuters
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27/06/2012)
High-frequency trading, using lightning-fast algorithms to turn profits, represents a fifth of all activity on the Toronto Stock Exchange and other Canadian trading systems, according to data released by regulators. Such trades, based on a strategy that
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CANADA STOCKS-TSX falls on gold miners; eye on EU summit
(Reuters
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27/06/2012)
Canada's main stock index fell on Tuesday, led lower by gold miners as the price of the precious metal eased and investors looked ahead to the European Union summit on Thursday and Friday. Gold fell as Spanish bond yields rose and the euro slid, and
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Research in Motion stock falls again on the TSX after big drop Monday
(The Canadian Press
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27/06/2012)
Shares of Research In Motion Ltd. were under pressure again Tuesday, giving up two per cent of their value just days before the troubled BlackBerry maker provides a business update to investors. On the Toronto Stock Exchange, RIM (TSX:RIM) closed down 19
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CANADA STOCKS-TSX drops as commodities hit by growth worries
(Reuters
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27/06/2012)
Canada's main stock index d ropped more than 2 percent o n Thursday i n a broad-based decline, as weak economic data from the United States, China and Europe fanned global growth fears and drove down commodity prices. Oil, gold and copper prices all fell
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TMX may open exchange in U.S. for smaller companies
(Bloomberg
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27/06/2012)
TMX Group Inc., the operator of the Toronto Stock Exchange, may open an exchange in the U.S. to attract listings from small- and medium-sized companies when new rules come into effect. “We are thinking about it as the JOBS Act will really alter the stage
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Bank Negara update on Islamic mega bank licences
(CPI Financial
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27/06/2012)
A statement by the Malaysian central bank, Bank Negara Malaysia, said, “The issuance of an Islamic mega bank licence in Malaysia is to increase the international dimension of Islamic Finance in the Malaysian financial system and thus enhance Malaysia’s
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China Unveils Financial Policies For Hong Kong: Report
(RTT News
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27/06/2012)
China seeks to promote the offshore yuan market in Hong Kong and improve overseas investment as part of a package announced to boost economic relations, the official Xinhua News Agency reported Wednesday. China will encourage Shanghai, Shenzhen and Hong
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Spain's Recession Deepening In Q2: Bank Of Spain
(RTT News
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27/06/2012)
Spain's recession will intensify in the second quarter, the Bank of Spain said in its monthly bulletin on Wednesday. The most recent information, referring to the second quarter, suggests that the activity has continued declining at a faster rate, the
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Markets end higher ahead of June F&O expiry
(Business Standard
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27/06/2012)
Benchmark share indices ended marginally higher ahead of June F&O expiry, amid range bound trade on Wednesday, led by private banks, metals and software shares. The 30-share Sensex ended at 16,968 up 61 points or 0.4% and the 50-share Nifty ended at
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KL shares end on mixed note
(Business Times
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27/06/2012)
The FTSE Bursa Malaysia KLCI (FBM KLCI) finished above the 1,600-level today, taking cue from gains on regional markets, dealers said. However, share prices closed on a mixed note with losers outnumbering gainers 366 to 364, while 309 counters closed
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Utilities lift Europe shares, rally seen as brief
(Reuters
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27/06/2012)
European shares snapped a three-day losing streak to rise on Tuesday, helped by gains at heavyweight utility stocks, though traders and investors said any rally would be short-lived due to lingering worries over Europe's debt crisis. The FTSEurofirst 300
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Power, IT stocks lift Sensex 82 points
(The Hindu Business Line
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27/06/2012)
Indian benchmark indices, the Sensex and the Nifty, continued to trade higher by over 0.4 per cent in the afternoon session on Wednesday on firm Asian cues. At 12.20 p.m., the 30-share BSE index Sensex was up 81.63 points or 0.48 per cent at 16,988.21
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Bond yields up on lack of OMO news
(Reuters
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27/06/2012)
The benchmark 10-year bond yield rise 2 basis points to 8.36 per cent as the absence of any open market operation announcement so far this week disappoints investors. Traders had been hopeful the central bank would conduct OMOs to buy bonds frequently to
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Nifty rangebound; Tata Power, IDFC, Reliance Infrastructure gain
(The Economic Times
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27/06/2012)
The Nifty is moving in a range with a positive bias ahead of the June series F&O expiry and on the back of positive cues from Asian peers. Trade is likely to remain choppy as the session progresses as traders may square off open positions. At 10:24 a.m.,
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French Unemployment To Worsen In 2012, Insee Says
(RTT News
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27/06/2012)
Unemployment in France is likely to increase further this year due to weak economic growth, the statistical office Insee said Tuesday. Due to the low level of growth, the unemployment rate should continue to rise, reaching 10.3 percent in France in the
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German Import Price Inflation Eases In May
(RTT News
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27/06/2012)
Import price inflation in Germany eased to 2.2 percent in May from 2.3 percent in April, the Federal Statistical Office said Wednesday. The import price index, excluding crude oil and mineral oil products, was 1.4 percent above the level of a year
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China’s Stocks Rebound From Five-Month Low on Policy Outlook
(Bloomberg
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27/06/2012)
China’s stocks rose, rebounding from a five-month low, on speculation the government will ease monetary policy and increase fiscal spending to prevent the economy from slowing any further. China Oilfield Services Ltd. (601808) and Offshore Oil
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