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Market News

Location American Market News for 23 June 2013

Le Mans winner dedicates it to Simonsen

CNN - 23 Jun 2013 20:47
Audi's Tom Kristensen records a record ninth victory in the Le Mans 24 hour race Sunday and dedicates it to fellow Dane Allan Simonsen, who died in a high speed crash the previous day.
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China's cash squeeze caused by shadow banking: Xinhua Cash crunch engineered by apex bank intended as a warning to over-extended banks
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Investors sceptical of a decision on gas prices

livemint.com - 23 Jun 2013 14:14
Investors sceptical of a decision on gas prices There uncertainty about the gas price hike at the moment, which is why oil stocks don't seem to be factoring in the potential gains
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Decision to pass on coal cost brightens power sector prospects Move comes at a time when falling international prices of coal make import attractive in spite of a plummeting rupee
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Developed markets turn spotlight on generic drug settlements Increasing scrutiny poses uncertainty for Indian generic firms, adding to the list of uncertainties for investors
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Stricter rules for buyback, preferential issue of shares likely Sebi is planning to make it mandatory for firms to buyback a minimum of 50% shares of the total targeted amount
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