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Hang seng up 0.26pc at open
(The Standard - 31/12/2010)

Hong Kong shares opened 0.26 percent higher, with the benchmark Hang Seng index gaining 60.40 points to 23,059.74 in the first minutes of trade.

RBI may take more steps to curb inflation: K C Chakrabarty
(The Hindu Business Line - 31/12/2010)

The Reserve Bank of India (RBI) on Thursday said inflation is always concern and hinted at taking more steps to check it. “Inflation is always a concern”, RBI Deputy Governor Mr K C Chakrabarty said. Asked if the RBI is expected to take more measures to

Core sector growth slows to 2.3% in November
(The Hindu Business Line - 31/12/2010)

The growth of six infrastructure industries slowed to 2.3 per cent in November, the lowest in the current fiscal, mainly due to contraction in production of cement and petroleum refinery products. The six core sectors - crude oil, petroleum refinery

US stocks fall in listless trade
(Business Times - 31/12/2010)

US stock markets continued this week's trend of listless and holiday-thinned trading Thursday, with the major indexes trading slightly down. The Dow Jones Industrial Average fell 15.67 points (0.14 per cent) to 11,569.71 in closing trades. The broader

South Korean Inflation Climbs To 3.5%
(RTT News - 31/12/2010)

South Korea's consumer price measure of inflation unexpectedly rose in December led by rising food and energy prices, official data showed on Friday. The consumer price index rose 3.5% from the same month a year earlier, up from 3.3% in November,

Stressed liquidity needs careful handling, says RBI
(Business Standard - 31/12/2010)

Growth may sustain but inflation not likely to ease, becoming structural. India’s economic growth momentum is likely to sustain but high inflation, on the back of rising global commodity prices, will be a concern, said the Reserve Bank of India (RBI) on

Shougang Group gets credit worth CNY 100 billion by ABC
(Steelguru - 31/12/2010)

It is reported that Shougang Group was offered credit worth CNY 100 billion by Agricultural Bank of China on December 28 and the signing ceremony was held on the same day between the two sides. They inked a strategic cooperation agreement of the same day

Singapore Bank Lending Continues To Rise
(RTT News - 31/12/2010)

Singapore bank lending increased 1.7% in November from the prior month to S$318.54 billion, data from the Monetary Authority of Singapore showed Friday. This follows October's 1.3% increase. Within total lending, loans to businesses grew 1.7% to S$168.85

Hang Seng opens up 0.44pc
(The Standard - 30/12/2010)

Hong Kong shares opened higher, with the benchmark Hang Seng index rising 100.84 points, or 0.44 percent, to 23,070.14 in the first minutes of trade.

Japanese Manufacturing Drops For Fourth Month
(RTT News - 30/12/2010)

Japan's manufacturing slump continued in December as activity contracted for the fourth successive month, survey data showed on Thursday. Tthe Markit-JMMA manufacturing Purchasing Managers' Index came in at a seasonally adjusted 48.3, up from 47.3 in

Chinese Factory Production Eases
(RTT News - 30/12/2010)

China's manufacturing activity rose at a pace that was the slowest in three months in December, a fresh survey showed, raising concerns that global demand may be cooling. The Market-HSBC manufacturing Purchasing Managers' Index came in at a seasonally

US stock market drifts upward
(Business Times - 30/12/2010)

US stock markets drifted upward on Wednesday, eking out fresh gains that kept the Dow index at two-year highs. With little driving the market except momentum, the Dow Jones Industrial Average rose 9.84 points (0.09 per cent) to 11,585.38 at the close.

KL shares lower on profit-taking
(Business Times - 30/12/2010)

Share prices on Bursa Malaysia were lower at midday today as investors took profits after two days of straight gains before closing the trading year in a few hours, dealers said. After hitting a new high of 1,529.95, 27 minutes after the opening bell,

China mid December daily steel output up by 1pct
(Reuters - 30/12/2010)

Reuters quoted data from the country's steel association said that China steel mills produced 1.687 million tonnes of steel a day in the middle 10 days of December up by 1.2% compared with the previous 10 day period. The China Iron and Steel Association

Baotou Steel sales revenues to exceed CNY 45 billion in 2010
(Steelguru - 30/12/2010)

It is reported that Inner Mongolia based Chinese steelmaker Baotou Iron and Steel Co Ltd expects its sales revenues for 2010 to exceed CNY 45 billion up by 20%YoY. In addition, Baotou Iron and Steel estimates its sales of steel rails in 2010 will reach

Markets steady in morning trades
(Business Standard - 30/12/2010)

The markets continued to gain, with the Sensex at 20,341 up 85 points, while the Nifty moved up 22 points at 6,082. Top gainers on the Sensex were Tata Motors at Rs 1,288, Tata Power at Rs 1,354 and Wipro at Rs 493, all up 1%. Losing stocks lagging in

Short-term rates fall 5-10 bps
(Business Standard - 30/12/2010)

Rates on short-term money market instruments fell 5-10 basis points today as fund houses bought certificates of deposit on view rates were unlikely to rise further, dealers said. Banks, too, were keen on issuing CDs as most were refinancing their

South Korea Q1 Business Sentiment Drops
(RTT News - 30/12/2010)

South Korean manufacturing sentiment eased sharply for the January to March period of 2011, a survey showed on Thursday. The Ministry of Knowledge Economy said the sentiment index fell to 102 from 110 in the current quarter. A reading above 100 means

Nifty opens higher; tech, capital goods, auto up
(The Economic Times - 30/12/2010)

Indian markets opened on in positive terrain on the settlement day of December series expiry. Trade may turn rangebound as the session progresses due to mixed cues from Asian peers. National Stock Exchange’s Nifty was at 6076.90, up 16.55 points or 0.27

Bond yields stay in tight band ahead of RBI buy
(The Economic Times - 30/12/2010)

Bond yields held in a tight band on Wednesday as traders refrained from taking large positions ahead of the results of the RBI open market operation (OMO) to buy up to $2.7 billion worth of bonds. The most-traded 8.13% 2022 bond closed at 8%, marginally

Ringgit set for best year since 1973
(Business Times - 30/12/2010)

Malaysia’s ringgit rose, headed for the best annual gain since 1973, as the central bank’s three interest-rate increases this year boosted the yield advantage on the nation’s assets. The ringgit advanced 11 per cent in 2010, a performance that was second

Major Chinese enterprises profits in first 11 months up by 49pct YoY
(Xinhua - 30/12/2010)

Xinhua quoted the National Bureau of Statistics said the profits of major Chinese industrial enterprises in the first 11 months of the year grew 49.4%YoY to CNY 3.88 trillion. NBS statement said the enterprises' core business revenue rose 31.8%YoY to CNY

HK shares down 0.1pc at break
(The Standard - 30/12/2010)

Hong Kong shares fell 0.13 percent by the break, reflecting concern about China's economic cooling measures after a lackluster lead from Wall Street. The Hang Seng Index dropped 30.42 points to 22,938.88. Turnover was HK$30.21 billion.

China stocks close 0.3pc higher
(Reuters - 30/12/2010)

China's stock market rose 0.3 percent in thin trading, buoyed by late afternoon rebounds in banking stocks as some investors took advantage of their battered valuations. But property developers and carmakers continued to sink on policy concerns. The

Hang Seng Index ends 0.1 pc higher
(Reuters - 30/12/2010)

Hong Kong shares edged higher for a second consecutive session, led by Industrial and Commercial Bank of China (1398). Auto counters extended gains from Wednesday despite China's plan to end tax incentives for small cars and restrictions on new car