Archive | June, 2010

Commodities set to post worst quarter in a year

Safe-haven gold logs good returns yet again.

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Posted in Commodities, Commodities Asia, Commodities India, India0 Comments

FMC norms may help brokers take membership of FT bourses overseas

The recently codified norms by FMC will make it easier for brokers to take membership of or trade on Financial Technologies? (FT) upcoming bourses.

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Posted in India, Indian Market, Stock Market, Stock Market - Asia0 Comments

Congress-backed bank reaches deal in Bucyrus sale (AP)

AP – Word of a deal that could save 1,000 jobs across 13 states, including 300 in Wisconsin, broke Wednesday just hours before President Barack Obama was to speak at a town hall meeting on the economy.

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Posted in Stock Market, US Markets0 Comments

Growers, traders nonplussed over global coffee prices

Recent rally in global coffee prices has left Indian growers a bit flummoxed.

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Posted in Commodities, Commodities Asia, Commodities India, India0 Comments

ACIL: A stock to build up your portfolio

ACIL?s sharp focus, low debt-equity ratio make it a good bet.

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Posted in India, Indian Market, Stock Market, Stock Market - Asia0 Comments

Active fund managers face competitive squeeze in asset scramble

Client money flows into European Union-regulated funds in ?09 were half the level of ?06. Post crisis, investors have become less tolerant of high fees for market performance.

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Posted in India, Indian Market, Stock Market, Stock Market - Asia0 Comments

Kotak-Sumitomo Deal: Stake sale to drive KMB?s growth plans

Kotak Mahindra Bank?s (KMB) decision to sell part of its stake seems opportune, given its aggressive growth plans. The bank will raise Rs 1,366 crore by selling a 4.5% stake to Sumitomo Mitsui Banking Corporation (SMBC) of Japan.

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Posted in India, Indian Market, Stock Market, Stock Market - Asia0 Comments

Bank bill faces House passage, Senate delays vote (AP)

Sen. John Kerry, D-Mass., left, leans over to talk to Sen. Scott Brown, R-Mass, on Capitol Hill in Washington, Monday, June 28, 2010. prior to their introduction statements on behalf of Supreme Court nominee Elena Kagan during her confirmation hearing before the Senate Judiciary Committee. (AP Photo/Susan Walsh)AP – A sweeping overhaul of financial regulations aimed at preventing another economic crisis headed Wednesday for a final House vote after Democrats backed down on a $19 billion tax they had added on big banks and hedge funds.

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Posted in Stock Market, US Markets0 Comments

A look at global economic developments (AP)

AP – A look at economic developments and activity in major stock markets around the world Wednesday:

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Pakistan probes politicians’ fake college degrees

Scores of Pakistan’s politicians are in danger of losing their seats for allegedly lying about their academic credentials in the latest controversy to hit the south Asian country’s fragile democracy

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Posted in Emerging Markets0 Comments

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