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China Inflation May Let Wen Intensify Growth Efforts (Bloomberg - 09/07/2012)

China’s inflation eased to a 29-month low and Premier Wen Jiabao said the government will intensify its response to the economy’s slowdown as growth wanes in Asian neighbors from Japan to Vietnam. The consumer price index (MXAP) rose 2.2 percent in June

Huadian Energy expects CNY 321 million loss for H1 (China Knowledge - 09/07/2012)

China Knowledge reported that Huadian Energy Co Ltd expected to suffer a loss of CNY 321.5 million in the first half of this year. Losses per share were estimated at CNY 0.16 in the period, said the company in a statement filed with the Shanghai Stock

Nifty may test 5300 levels on weak global cues (The Economic Times - 09/07/2012)

The 50-share Nifty index is expected to open lower on Monday and may even test its crucial psychological level of 5300 in trade, following weak Asian markets. The Indian markets rose for the fifth consecutive week due to continuous buying support from

Sensex down 103 points on weak Asian cues (The Hindu Business Line - 09/07/2012)

Indian benchmark indices, the Sensex and the Nifty, fell over 0.5 per cent in the opening session on Monday on fresh selling by funds and retail investors on weak Asian cues. At 9.15 a.m., the 30-share BSE index Sensex was down 103.27 points or 0.59 per

Japan Bank Lending Rises 0.8% In June (RTT News - 09/07/2012)

Overall bank lending in Japan was up 0.8 percent on year in June, the Bank of Japan said on Monday, standing at 395.188 trillion yen. That follows the 0.4 percent increase in May. Including trusts, bank lending added an annual 0.7 percent to 456.976

China Inflation Cools Further In June (RTT News - 09/07/2012)

Consumer price inflation in China eased again in June, while the producer prices declined for a fourth straight month, justifying China's two back-to-back interest rate reductions to support flagging economic activity. The National Bureau of Statistics

Markets drift lower on global concerns (Business Standard - 09/07/2012)

Markets have opened lower in trades today tracking the weakness in the global markets and lower than expected US jobs data which was announced on Friday post the market hours. The Sensex has opened lower by 105 points at 17,416 and the 50-share Nifty has

China shares retreat in early trade (The Standard - 09/07/2012)

China stocks retreated 0.61 percent in early trade today. The benchmark Shanghai Composite Index, which covers A and B shares, lost 13.59 points to 2,209.99, Agence France-Presse reports.

Nikkei heads down on fears of flagging global growth (Reuters - 09/07/2012)

Japan's Nikkei share average fell back below the psychologically important 9,000 level on Monday morning as worries about faltering global growth were reinforced by sluggish U.S. jobs figures and disappointing data from China and Japan. The Nikkei fell

Japan Stocks Fall on U.S. Jobs, Japan Machinery Orders (Bloomberg - 09/07/2012)

Japanese stocks fell, with the Nikkei 225 Stock Average (NKY) declining the most in a month, after the U.S. added fewer jobs than estimated, raising concern the world’s largest economy is slowing, and as a report showed Japan’s machinery orders in May

Asian Stocks Drop on Growth Concern; Yen, Bond Risk Rise (Bloomberg - 09/07/2012)

Asian stocks fell the most in a month and the yen rose after Japanese machinery orders sank the most in more than five years and Chinese Premier Wen Jiabao said the nation’s economy faces “relatively large” downward pressure. Bond risk climbed. The MSCI

KL shares marginally lower midmorning (Business Times - 09/07/2012)

Share prices on Bursa Malaysia were marginally lower in the midmorning session today, in line with the bearish movement on Asian and key regional markets, dealers said. As at 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.89 of a point to

Sensex firms may post single-digit growth in June qtr (Business Standard - 09/07/2012)

Against the backdrop of a perceptible slowdown in macro-environment, India Inc faces another tough quarter as Sensex companies are expected to post single-digit profit growth in the June quarter of current fiscal. The earnings season would kicks off

Middle East equity capital markets H1 activity $5 billion (CPI Financial - 08/07/2012)

Thomson Reuters’ regional investment banking review shows equity capital market issuances grow to $5 billion in H1 2012, due to $4 billion issuance in the second quarter, four times the value seen during the first quarter 2012. According to the report,

Gatehouse acquires oil and gas HQ offices in Scotland (CPI Financial - 08/07/2012)

Gatehouse Bank has completed the multi-million pound acquisition of the Bridge View and Consort House in Aberdeen to provide a projected average annual cash yield of 7.5 per cent and a projected IRR of 9.5 per cent over a three year holding period to

Oasis Crescent opens for Islamic funds business in London (CPI Financial - 08/07/2012)

Oasis Crescent United Kingdom, a subsidiary of South African firm Oasis Crescent Global Group Holdings opened for business in London on 30 June 2012. The company had taken offices in Knightsbridge in March and its unit Oasis Crescent Advisory Services

Turkish Islamic bank profit up 61pc (Reuters - 08/07/2012)

Turkish Islamic bank Turkiye Finans, which is majority-owned by Saudi's National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half. The bank has also plans to issue a $300 million

Turkey to mandate banks for sukuk sale (Reuters - 08/07/2012)

Turkey is set to mandate HSBC, Citi and Deutsche Bank to manage the sale of its first sukuk, or Islamic bond, banking sources told Reuters. The move by the Treasury, overcoming sensitivities about Islamic finance in the secular republic, should give

Indian stocks 7th best performing globally in 2012 (The Hindu Business Line - 08/07/2012)

Indian stocks have emerged as the seventh best performer for global investors since the start of 2012, outshining the likes of the US, UK, China and Japan. Helped by a significant uptrend in the Indian stock market in the past couple of weeks, the Indian

Brazilian Stock Movers: Gafisa, Cosan, and Vale Were Active (Bloomberg - 08/07/2012)

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock. The Bovespa (IBOV) Index fell 1.7 percent to

China Shares End Flat; Investors Await Key Economic Data (The Wall Street Journal - 08/07/2012)

China's shares ended largely flat Wednesday, as hopes for stimulus action from global central banks offset concerns about domestic economic growth. Investors were also cautious, refraining from taking fresh positions ahead of the release next week of key

Brazil stocks fall 2 pct on dismal US jobs report (Reuters - 08/07/2012)

Brazil's benchmark Bovespa stock index fell 2 percent on Friday after data showed U.S. employers added fewer jobs than expected in June, adding to concerns that a recovery in the world's largest economy is losing steam. At 11:21 a.m. (1421 GMT), the

BSE Sensex falls; IT stocks hit (Reuters - 08/07/2012)

The BSE Sensex falls 0.6 percent, while the Nifty declines 0.6 percent, led by software service exporters after monetary easing in China, the euro zone and Britain signal alarm about the global economy. Global investors now gear up for the U.S. monthly

Sensex ends flat on weak global cues (The Hindu Business Line - 08/07/2012)

The markets closed on a flat note. The BSE Sensex and NSE Nifty ended the day down 17.55 points and 10.35 points. European markets fell before the US jobs data were announced. Investors were also awaiting the German Industrial output data. Asian stocks

Sensex down 17 pts; investors cautious ahead of earning season (Business Standard - 08/07/2012)

Snapping three straight days of gains, the Sensex today fell 17 points amid a depreciating rupee as investors remained wary of the global economy's revival a day after central banks in EU, China and the UK loosened monetary policies. After resuming

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