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Market News

Location American Market News for 1 August 2013
NRIs planning to return home should build India portfolio NRIs not planning to come back anytime soon should treat India as any other market
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Europe Banks Pare Cash Stockpiles

Wall Street Journal - 1 Aug 2013 23:25
The adoption of the new stability measure counterintuitively encourages banks to move out of the ultimate low-risk asset.
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Stocks Climb to Records

Wall Street Journal - 1 Aug 2013 23:23
The Dow industrials and S&P 500 reached new heights in the wake of upbeat economic signals from around the globe.
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Investment-Grade Firms Storm Back Into Debt Markets

Wall Street Journal - 1 Aug 2013 23:12
Highly rated companies sold more bonds in the U.S. last month than in any other July on record.
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Icahn Sues to Bar Delay In Dell Vote

Wall Street Journal - 1 Aug 2013 23:09
Activist investor Carl Icahn has filed a lawsuit against Dell and its board to prevent the computer maker from further delaying a vote or changing the voting rules for a proposed buyout by Dell's founder.
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The IPO Class Of 2013

Forbes - 1 Aug 2013 23:09
The IPO Class Of 2013 Facebook defined the IPO Class of 2012 with its huge, controversial offering. After an up-and-down year overall for new offerings, 2013 brings more uncertainty as market weakness in the first half could keep a lid on inv...
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New Criticism of Exchanges' Dual Roles

Wall Street Journal - 1 Aug 2013 22:47
Wall Street's main lobbying group urged the U.S's top markets regulator to re-examine the bourses' dual roles as market operators and supervisors.
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Tourre Interviews: Case Will 'Stay With Me Forever'

Wall Street Journal - 1 Aug 2013 22:39
"If there was something wrong with this transaction, wouldn't people have told me?," said Tourre in exclusive WSJ interviews conducted before the verdict.
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Low Wages Work Against Jobs Optimism

Wall Street Journal - 1 Aug 2013 21:53
Economists expect strong jobs numbers on Friday. Unfortunately, the aggregate wages that go with those jobs leave something to be desired.
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Michigan County Pulls Bond Offering

Wall Street Journal - 1 Aug 2013 20:47
Michigan's Genesee County postponed a $53 million municipal-bond offering as investors sought a higher rate, a sign of the impact of neighboring Detroit's bankruptcy filing.
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Markets boosted by economy hopes

Telegraph - 1 Aug 2013 20:23
Markets boosted by economy hopes Stock markets surged to fresh highs amid growing investor optimism about the prospects for the global economy.
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FIIs dump rate-sensitive stocks, rush to export earners FIIs have sold equity worth $2.9 billion in past two months, after pumping in $11.3 billion between Jan and April
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Enterprise boosted by 'rehabilitation' hopes

Telegraph - 1 Aug 2013 20:17
Enterprise boosted by 'rehabilitation' hopes Shares in the pub group surged ahead of next week's trading update.
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Citigroup Non-Cumulative Preferred Stock, Series AA Crosses Above 7% Yield Territory In trading on Thursday, shares of Citigroup Inc's 8.125% Non-Cumulative Preferred Stock, Series AA (NYSE: C.PRP) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.0312), with shares changi...
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Banco Santander SA's Non-Cumulative Series 4 Guaranteed Preferred Securities About To Put More Money In Your Pocket On 8/5/13, Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (NYSE: SAN.PRA) will trade ex-dividend, for its quarterly dividend of $0.425, payable on 8/21/13. As a percentage of SAN.PRA's...
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Credit Suisse Agrees to Sell Unit

Wall Street Journal - 1 Aug 2013 19:32
Credit Suisse Group reached an agreement to sell its roughly $20 billion private-equity investment business to Grosvenor Capital Management LP in a deal that could be announced later Thursday.
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Stocks Raging With Indexes To Significant Highs Today we might finally have the formula for a break about S&P 1700. Europe continues to gain traction with better numbers and the BOE statements this morning. China's PMI is back above 50 after hitting an eleven month lo...
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Five Stock Shooting Higher

Forbes - 1 Aug 2013 19:13
With stocks raging higher on Thursday, here are five to watch with exceptional momentum.
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S&P hits high as global markets surge on strong economic data US stocks climbed on Thursday, with the S&P 500 topping the 1,700 level for the first time, after economic data pointed to a modestly improving economy and the Federal Reserve kept its loose money policy in place.
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Business news and markets: as it happened - August 1, 2013 The S&P 500 has hit an all-time high in Thursday's trading, surpassing 1,700 for the first time, as markets surge after strong corporate results and economic data.
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Central bank pro-growth policies lift shares, oil

livemint.com - 1 Aug 2013 18:05
Central bank pro-growth policies lift shares, oil Europe's apex banks follow Fed in leaving rates unchanged; MSCI's world equity index up 0.9%
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Miss HTWR's $86.45 Offering But Think It's A Deal At $85? Looking back to 141 days ago, Heartware International Inc (NASD: HTWR) priced a 1,500,000 share secondary stock offering at $86.45 per share. Buyers in that offering made a considerable investment into the company, expec...
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