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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.
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
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 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 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,
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
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 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
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.
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
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 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.
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,
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
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
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
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 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
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 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
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
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
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'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
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