Hong Kong shares rose 2 percent on Friday, their best day in a month, as investors covered short positions after the European Central Bank raised hopes it would act to tackle escalating borrowing costs in euro zone member states. The Hang Seng Index

The stock markets managed to retain a part of early gains to close in the green on Friday. This was on the back of improved global cues following a statement by European Central Bank president President Mr Mario Draghi stating that the ECB was ready to

U.S. economic growth slowed in the second quarter of 2012, but still grew by more than most economists had predicted. According to figures released Friday by the Commerce Department, the U.S. gross domestic product grew at 1.5 percent in the second

Dena Bank today reported a 42% rise in its net profit to Rs 238.63 crore for the first quarter ended June 30, 2012. It had posted a net profit of Rs 168.09 crore in the April-June quarter a year ago, the bank said in a BSE filing. The total income during

Higher provisioning towards bad loans and restructured loans tempered Union Bank of India’s net profit growth in the April-June quarter. In the reporting quarter, the public sector bank reported a 10 per cent increase in net profit at 512 crore against

Singapore's producer pries decreased at a faster pace in June, data released by Statistics Singapore showed Friday. The producer price index for the manufacturing sector declined 2.4 percent annually in June, sharply faster than the 0.1 percent drop seen

Share prices on Bursa Malaysia may stage a technical rebound next week, underpinned by improved global sentiment, dealers said. They said the market would recover on hopes that the European Central Bank (ECB) would intervene in markets as well as good

Bank of London and The Middle East (BLME), the largest Islamic wholesale investment bank in Europe, has agreed a GBP 12 million loan to care home specialist, Signature Senior Lifestyle, as part of a wider GBP 22m development project. The facility is for

Fitch Ratings has affirmed Jordan Islamic Bank's (JIB) Long-term Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook, Short-term IDR at 'B' and Viability Rating at 'bb-'. JIB's IDRs are driven by the Viability Rating. The affirmation reflects the

CaixaBank, Spain's third largest bank in terms of market capitalisation, today reported an 80.1 percent drop in net profit for the first half of 2012, to 166 billion euros (HK$1.58 trillion). The bank made provisions totalling 2.7 billion euros against

China Knowledge quoted according to the latest statistics released by the National Development and Reform Commission, China, the world largest steel producer, saw its crude steel output rise 1.8% YoY in the first half of this year slowing from a 9.6%

Singapore's import prices declined in June, reflecting sharp contraction in oil prices, the Department of Statistics said Friday. Import prices were down 1.5 percent year-on-year in June, reversing a 0.3 percent rise in May. On a monthly basis, import

Japan shares rose for a second day, with the Nikkei 225 (NKY) Stock Average posting its biggest gain in a month, after European Central Bank President Mario Draghi said policy makers will do whatever it takes to preserve the euro. Makita Corp. (6586), a