U.S. Economic Growth Slows In Q2 But Still Exceeds Estimates
(RTT News
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31/07/2012)
U.S. economic growth slowed in the second quarter of 2012, although the pace of growth during the quarter still exceeded economist estimates. According to figures released by the Commerce Department on Friday, U.S. gross domestic product increased at an
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Sensex ends 93 points higher
(The Hindu Business Line
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31/07/2012)
The stock markets managed to rebound and close in the green on Tuesday despite the substantial intra-day fall following the RBI's credit policy announcement leaving rates unchanged. According to analysts, this bounceback was owing to improved stability
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KL shares wring gains at close
(Business Times
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31/07/2012)
Bursa Malaysia ended marginally easier today after its earlier gains were pared down by losses in selected bluechips and index-linked counters, dealers said. However, the underlying FTSE Bursa Malaysia KLCI (FBM KLCI) finished 0.75 of a point higher at
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Nifty regains 5200, Sensex up 0.3% ahead of RBI policy meet
(The Economic Times
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31/07/2012)
The Sensex rose as much as 0.3 per cent higher on Tuesday ahead of the crucial Reserve Bank of India (RBI) policy meeting. The broad 50-share NSE index was up 0.18 per cent at 5,209.35. At 9:20 a.m., the 30-share BSE index was trading at 17,193.16, up
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Realty, IT stocks help Sensex recover
(The Hindu Business Line
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31/07/2012)
Indian markets recovered in the mid-session on Tuesday. At 2.10 pm, the 30-share BSE index Sensex was trading up 62.79 points (0.37 per cent) at 17,206.47 and the 50-share NSE index Nifty was trading up 21.9 points (0.42 per cent) at 5,221.70. Realty,
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European shares rally fades on ECB reality check
(Reuters
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31/07/2012)
A three-day rally in European shares ran out of steam on Tuesday, hit by the lack of clear evidence that the European Central Bank will deliver strong action this week to back up its pledge to support the euro. Expectations that the European Central Bank
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Emerging Stocks Advance to 4-Week High on Stimulus Speculation
(Bloomberg
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31/07/2012)
Emerging-market stocks rose for a fourth day, driving the benchmark index to its highest level in four weeks, amid speculation central banks from the U.S. to Europe will take measures to bolster economic growth. Sany Heavy Equipment International
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Zhejiang Dahua Technology sees 76pct surge in H1 profit
(China Knowledge
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31/07/2012)
China Knowledge reported that Zhejiang Dahua Technology Co net profit jumped 75.17% YoY to CNY 226 million in the first half of this year. The company in an interim report said basic earnings per share were CNY 0.4 in the period. The Shenzhen-listed
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Yunnan Germanium Industrial expects 1pct rise in H1 profit
(China Knowledge
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31/07/2012)
China Knowledge reported that Yunnan Lincang Xinyuan Germanium Industrial Co Ltd expects its net profit to climb 0.41% YoY to CNY 44.21 million in the first half of this year. The company in a statement said basic earnings per share were CNY 0.14 in the
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HK shares firmer as financials support, China underperforms
(Reuters
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31/07/2012)
Hong Kong shares rose for a fourth day on Tuesday, poised to end the month with mild gains, as heavyweights such as HSBC advanced ahead of central bank meetings that market players hope will yield further stimulus measures. Shares of Chinese steel
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Spain Retail Sales Continue To Fall
(RTT News
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31/07/2012)
Spain retail sales declined 4.3 percent in June from the prior year, the same rate of decline as seen in the prior month, the statistical office INE said Tuesday. Food sales slipped 0.7 percent and non-retail turnover were down 6.8 percent in June. At
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Singapore Unemployment Falls as Jobs Withstand Shrinking GDP
(Bloomberg
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31/07/2012)
Singapore’s unemployment rate unexpectedly fell last quarter as construction companies and manufacturers increased hiring even as the economy contracted. The seasonally adjusted jobless rate fell to 2 percent in the three months through June from 2.1
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European Stock Futures Are Little Changed; UBS May Move
(Bloomberg
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31/07/2012)
European stock futures were little changed, with the Stoxx Europe 600 Index heading for its second successive monthly rally, as investors awaited a Federal Reserve meeting for clues on more stimulus and company earnings missed forecasts. U.S. index
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German Retail Sales Fall Unexpectedly In June
(RTT News
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31/07/2012)
Germany's retail sales dropped unexpectedly in June from the prior month, data from the Federal Statistical Office revealed Tuesday. Retail turnover was down 0.1 percent from May, in contrast to a 0.5 percent rise expected by economists. Nonetheless, the
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Jiangsu GDP in H1 up by 10pct YoY
(China Knowledge
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31/07/2012)
China Knowledge quoted according to the latest statistics released by the Jiangsu Statistics Bureau, East China Jiangsu Province saw its gross domestic product grow 9.9% YoY to CNY 2.54 trillion in the first half of this year. The growth rate was 2.1
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Macroeconomic indicator - China July inflation to ease further
(Xinhua
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31/07/2012)
Xinhua reported that China inflation rate is likely to fall below 2% in July due to the base effect, giving authorities more room to beef up monetary supply to support growth. The Bank of Communications and the Industrial Bank said in their monthly
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Chinese steel industry profits in H1 plummet by 96pct YoY
(Reuters
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31/07/2012)
China Iron and Steel Association said that profits at China's steel mills fell by 96%in the first half of 2012 compared with the year before. CISA said that the industry as a whole earned CNY 2.385 billion in the first half of the year. CISA said that
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OIS rates stable; 1-mth trades below repo rate
(Reuters
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31/07/2012)
One-year OIS was flat at 7.63 percent, while the longer-end five-year OIS rate also traded unchanged, at 6.98 percent, ahead of the RBI interest rate decision on Tuesday. A poll showed that 19 out of 20 analysts expect the RBI to hold rates steady. The
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Nifty turns choppy ahead of RBI policy meet; banks, autos down
(The Economic Times
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31/07/2012)
The 50-share Nifty Index is witnessing a choppy session ahead of the Reserve Bank of India's policy review meet and as bulls took a breather after a rally a day ago. The rate sensitive sectors, which had moved higher yesterday anticipating a rate cut
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BSE to exclude 52 stocks from trading in SLB segment
(Business Standard
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31/07/2012)
The BSE today said it will exclude 52 stocks including Oil India, Essar Oil and MRPL from trading in Securities Lending and Borrowing (SLB) segment with effect from September 28. The Securities Lending and Borrowing (SLB) mechanism allows short sellers
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UK Consumer Confidence Remains Weak In July
(RTT News
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31/07/2012)
British consumer confidence remained at low level in July as hosting of Olympics failed to offset consumers' concerns about their personal and general economic situation. Market research agency GfK NOP said that the consumer confidence index was at -29
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RBI leaves key rates unchanged; surprises with SLR cut
(The Hindu Business Line
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31/07/2012)
The RBI maintained status quo and left its key policy rates unchanged. The repo rate remains at 8 per cent. The RBI had given a hint of this even yesterday while releasing its review of macroeconomic and monetary developments. Practically throwing up its
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Auto, bank stocks pull Sensex down 53 points
(The Hindu Business Line
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31/07/2012)
At 11.00 am, the Sensex and the Nifty, were trading marginally lower. The 30-share BSE index Sensex was down 53.49 points (0.31 per cent) at 17,090.19 and the 50-share NSE index Nifty was down 11.3 points (0.22 per cent) at 5,188.50. Auto, bank, metal
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Nikkei firms as month-end buying lends support amid mixed earnings
(Reuters
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31/07/2012)
Japan's Nikkei share average firmed at the midday break on Tuesday as end-of-month windowdressing overcame a weak start, while investors waited to see if central banks will make good on hopes for further stimulus measures. A batch of mixed earnings saw
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Hong Kong Stocks Rise 4th Day on Signs of China Stimulus
(Bloomberg
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31/07/2012)
Hong Kong stocks gained, with the Hang Seng Index heading to its longest rising streak since March, on signs China is boosting infrastructure investment as it seeks to spur growth in the world’s second-largest economy. CSR Corp. (1766), a Chinese train
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