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Asian Stocks Rise as China, Japan Data Eases Growth Fears (Bloomberg - 02/07/2012)

Asian stocks rose for a fourth day as better-than-estimated economic reports from China to Japan and steps by European leaders to address the sovereign-debt crisis eased concern global growth is slowing. BHP Billiton Ltd. (BHP), the world’s largest

KL shares higher in early trade (Business Times - 02/07/2012)

Share prices on Bursa Malaysia was traded firmer this morning in line with regional bourses which were driven by improved sentiment emerging after Eurozone leaders agreed on a 120 billion euro package as a short-term measure to combat the debt crisis,

STOCKS NEWS SINGAPORE-Shares rise as rig builders lead gains (Reuters - 02/07/2012)

Singapore shares rose to their highest level in seven weeks, in line with other Asian bourses after European leaders agreed to shore up their troubled banks. Oil rig builders Keppel Corp Ltd and Sembcorp Marine Ltd saw the strongest gains on the

Spanish loan plans help local stocks snap free fall (Global Times - 01/07/2012)

Chinese markets snapped their recent losing streak Friday as EU leaders agreed to ease mounting debt pressures facing Spain during a summit which started Thursday. The Shanghai Composite Index finished trading at 2225.43 points Friday, up 29.59 points,

China cuts margin to trade stock futures to boost weak market (Reuters - 01/07/2012)

The China Financial Futures Exchange said on Wednesday that it would cut margin requirements for stock futures to 12 percent of total contract value from the current 15 percent effective Friday, a move analysts said is aimed at boosting its weak stock

Top nine Sensex companies add Rs 46,869 crore in m-cap (The Economic Times - 01/07/2012)

A strong stock market, which saw the BSE Sensex surge 2.69 per cent, has pushed up the combined market capitalisation (m-cap) of top nine blue-chips by Rs 46,869 crore, with energy major RIL alone adding Rs 8,645 crore to its value. TCS, ONGC, Coal

RAM Ratings reaffirms TTPC's Sukuk rating (CPI Financial - 01/07/2012)

RAM Ratings has reaffirmed the AA1 long-term rating of Teknologi Tenaga Perlis Consortium's (TTPC) MYR 1,515 million Al-Istisna' Fixed-Rate Serial Bonds (2001/2016), with a stable outlook. TTPC is an independent power producer (IPP) operating a 650-MW

MARC affirms LBS Bina Group’s Berhads Islamic debt programme (CPI Financial - 01/07/2012)

The affirmed ratings and stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the Programme. MARC currently rates Danajamin's financial strength as

Indian Bank revises FCNR interest rates (Business Standard - 01/07/2012)

Public sector Indian Bank today revised interest rates for Foreign Currency Non-resident (Banking) accounts with immediate effect. In dollar terms, the interest rate remains unchanged for FCNR (B) deposits of one year and above but less than two years at

Top nine Sensex cos add Rs 46,869 cr in m-cap (Business Standard - 01/07/2012)

A strong stock market, which saw the BSE Sensex surge 2.69 per cent, has pushed up the combined market capitalisation (m-cap) of top nine blue-chips by Rs 46,869 crore, with energy major RIL alone adding Rs 8,645 crore to its value. TCS, ONGC, Coal

Brazil stocks gain over 3 pct on EU deal (Reuters - 01/07/2012)

Brazil's benchmark Bovespa stock index gained over 3 percent on Friday after euro zone leaders agreed on measures aimed at cutting borrowing costs in Spain and Italy and to eventually recapitalize some banks. [ID: At 10:09 a.m. (13:09 GMT), the Bovespa

EMERGING MARKETS-Latam stocks soar on EU plan (Reuters - 01/07/2012)

Latin American stocks headed toward their biggest daily gain of the year on Friday, after euro zone leaders agreed on steps to support troubled member states. The MSCI Latin American stock index posted its biggest gain since November, rising more than 4

Brazil’s Sabesp Tops Bovespa Index on Tariff Outlook (BusinessWeek - 01/07/2012)

Cia. de Saneamento Basico do Estado de Sao Paulo is the best performing stock on the Bovespa in the first half on speculation the Brazilian utility will win approval to raise rates more than in previous years. Sabesp, as the world’s largest water utility

EMERGING MARKETS-Brazil stocks fall on OGX, Mexico holds gains (Reuters - 01/07/2012)

A massive sell-off in shares of oil firm OGX drove Brazil's Bovespa stock down on Th ursday while Mexican shares rallied on bets Sunday's presidential election will usher in quick reforms. OGX Petroleo, owned by Brazilian billionaire Eike Batista, led

Sensex to gain 10 percent by year-end: Poll (firstpost - 01/07/2012)

The BSE Sensex should gain 10 percent between now and the end of the year, though only reaching levels seen in July 2011, provided economic growth recovers from a recent lull, according to a poll. The 30-share BSE index will rise to 18,750 points by the

Sensex soars 400 points, Nifty above 5250 on GAAR, EU hopes (The Economic Times - 01/07/2012)

The Sensex jumped over 2 percent, rising over 400 points to its highest in two months on Friday, led by gains in ICICI Bank, RIL and ITC. The broader Nifty index traded above the key 5,250 mark, up 2.1 percent at 5,261.60. The BSE Sensex surged over 2

China’s Stocks Fall for 6th Day After Daiwa Cuts Growth Estimate (Bloomberg - 01/07/2012)

China’s stocks fell for a sixth day, the longest losing streak in six months, after Daiwa Securities Group Inc. cut its second-quarter growth estimate for the world’s second-biggest economy. Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co. led a gauge

STOCKS NEWS SINGAPORE-Index rises to 1-1/2 month high (Reuters - 01/07/2012)

Singapore shares extended gains from the previous day to the highest in about one-and-a-half months, led by energy, water and marine group Sembcorp Industries which gained as much as 2.8 percent. The Straits Times Index rose as much as 1 percent to

TSX edges down on weaker golds, eye on Fed (Reuters - 01/07/2012)

Canada's main stock index edged lower Wednesday, hurt by a drop in gold mining stocks as bullion weakened, with investors focused on the U.S. Federal Reserve's policy announcement later in the day. The heavyweight materials group, which includes gold

Nifty likely to move in 5200-5400 range, auto stocks eyed: Sharekhan (The Economic Times - 01/07/2012)

Key Indian indices skyrocketed last week, after trading in a narrow range of 5100-5200 for nearly a fortnight aided by strong global cues, supportive domestic news flows and a sharp drop in crude prices. Indian shares climbed to their highest in 10

Hong Kong, China shares rise, financials strong (Reuters - 01/07/2012)

Hong Kong shares outperformed Asian peers at midday on Friday, with investors covering short bets after euro zone leaders unexpectedly agreed to take action to bring down Italy's and Spain's spiralling borrowing costs. European leaders also agreed to

Baosteel and Xining Special Steel ink strategic cooperation agreement (Steelguru - 01/07/2012)

Baosteel and Xining Special Steel Co Ltd held strategic cooperation aggrement signing ceremony on June 17 2012. Xu Lejiang, Chairman of Baosteel claimed Baosteel and Xining Special Steel should give full play of both parties’ strengths on enhancing

Japanese H2 scrap average prices continues on upward trend (Steelguru - 01/07/2012)

It is reported that the average prices of Japanese H2 scrap in Kanto, Central and Kansai region were at JPY 25,105 per tonne in the fourth week of June 2012, rising by JPY 83 per tonne from a week earlier. Also, this is the first price rise over the past

Swiss KOF Economic Barometer Continues Upward Trend (RTT News - 01/07/2012)

A forward-looking gauge of Swiss economic activity continued to improve in June, signaling further expansion of the Swiss economy on a year-on-year basis. The KOF Institute said Friday its economic barometer for the Swiss economy increased to 1.16 in

China June Manufacturing PMI Drops (RTT News - 01/07/2012)

China's manufacturing Purchasing Managers' Index dropped to 50.2 in June from 50.4 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing said Sunday. A reading above 50 indicates expansion. Market Economics had said

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