Stock Market

By Ruma Dubey
TCS pleasantly surprised everyone with its excellent Q2FY11 numbers while Wipro disappointed. Infosys actually set the mood and HCL Tech forewarned that there is still some time to say that the sector is completely out-of-the-woods.
amp;nbsp;
The Big Four have declared their Q2FY11 … – IT – THODI KHUSHI, THODA GHAM…

Read the full story

LONDON (Reuters) – InterContinental Hotel Group , the world’s top hotelier, said revenue per available room in the Americas region was boosted by the ongoing relaunch of its Holiday Inn hotels and the return of business travellers.

Read the full story

AP – French Finance Minister Christine Lagarde says the country’s massive strikes are costing the economy up to euro400 million ($562 million) each day.

Read the full story

by Jon Beddell
Foreign Currency Market Update – GBP / CAD Update
Last Wednesday was a big day for Sterling. It started with the publication of the minutes of the latest Bank of England meeting. They revealed a 3 way split in voting among the nine strong committee, with one member voting for an interest [...]

Foreign Exchange Canadian Dollar Forecast – Sterling holding its ground… is a post from the TorFX Exchange Rate Forecast Blog

Read the full story

TOKYO (Reuters) – Japan’s Marubeni Corp said on Monday it has agreed to pay $650 million (413 million pounds) for the stakes held by a unit of BP in four oil and gas wells in the U.S. Gulf of Mexico, as the oil company looks to offload assets in the wake of a massive oil spill in the region.

Read the full story

PARIS (Reuters) – Shares in luxury goods makers Hermes and LVMH rose sharply on Monday after LVMH revealed it had built up a 17.1 percent holding in its smaller rival and said it was not planning a takeover.

Read the full story

Demand for resource stocks keeps London’s benchmark index on track to reclaim its high point for 2010, reached in April, as traders are encouraged to take risk after the weekend’s G20 meeting

Read the full story

by Jon Beddell
Foreign Currency Market Update – GBP / AUD Update
Last Wednesday was a big day for Sterling. It started with the publication of the minutes of the latest Bank of England meeting. They revealed a 3 way split in voting among the nine strong committee, with one member voting for an interest [...]

Foreign Exchange Aussie Dollar Forecast – Sterling hits record lows… is a post from the TorFX Exchange Rate Forecast Blog

Read the full story

AP – The U.S. economy should continue to grow this year, though forecasters have lowered their expectations about the pace of recovery, according to a new survey.

Read the full story

LONDON (Reuters) – Publishing group Pearson raised its full-year outlook again on Monday, saying it now expected adjusted earnings per share to be up 10 percent due to growth in its U.S. College and Financial Times units.

Read the full story