Market News
It's Official: China Consumed, Mined & Imported The Most Gold Ever In 2013
IBTimes - 18 Feb 2014 13:16
China has been officially crowned the world's largest gold market for the first time, according to fresh industry figures from Tuesday. The country overtook India as the world's largest consumer of gold in 2013, with con...
Myanmar Microfinance (MFI): New Directive Caps Loans At $500, Could Stifle Small Business Growth
IBTimes - 18 Feb 2014 22:16
A new directive in Myanmar caps microfinance (MFI) loans at $500, which has the sector worried that small business growth could be stifled even as it expands its role within the Southeast Asian economy.
Thailand State Banks See Billions In Withdrawals After Rumors Of Deposits Being Used To Fund Rice Scheme Surfaced
IBTimes - 18 Feb 2014 22:16
Three of Thailand's state banks have experienced a bank run as the nation continues to grapple with political instability, after it was speculated that the banks were involved in lending to the troubled rice subsidy of t...
China Fund Shifts Focus: Energy Out; U.S. Plays In
Wall Street Journal - 18 Feb 2014 21:50
China Investment Corp. is selling energy and commodity holdings while seeking to capitalize on recovering U.S. and European economies, a major shift in strategy for the $600 billion sovereign fund.
BSE, NSE find widespread violation of listing norms
livemint.com - 18 Feb 2014 21:04
BSE finds 960 instances of non-compliance by 626 firms; NSE detects 151 such cases, suspends 119 firms from trading
The black hole of UPA-II
livemint.com - 18 Feb 2014 20:58
The first task before the next government will be to start filling this black hole in the Union Budget
Bank of Japan Surprises Markets
Wall Street Journal - 18 Feb 2014 19:26
The Bank of Japan surprised the market by doubling incentives designed to spur bank lending, weakening the yen and lifting Tokyo stocks at a time when the nation's economy is showing signs of trouble.
Singapore, Now World's Fastest Growing Wealth Management Hub, Not Free From Tax Evasion And Other Crimes
IBTimes - 18 Feb 2014 19:16
Singapore has overtaken Switzerland, emerging as the world's fastest growing wealth management center, but banks in the Southeast Asian nation have a long way to go towards tax transparency, particularly in regards to mo...
Global Gold Demand: Investors Undermine Consumers
IBTimes - 18 Feb 2014 19:16
Global consumer demand for gold rebounded to new records even as the metal's popularity among investors sunk over one of its worst years in recent memory, according to an industry report. Globally, consumer demand for go...
New Front Opens in Libor Probe
Wall Street Journal - 18 Feb 2014 16:57
British prosecutors filed criminal charges against three former Barclays traders, and are likely to file charges against three ex-ICAP brokers as well.
ABB's performance does not justify surge in stock price
livemint.com - 18 Feb 2014 16:57
The surge in shares is partly a reflection of a new-found love for capital goods stocks after the budget announcements
Action by Sebi under ordinance to remain valid: Govt
livemint.com - 18 Feb 2014 16:06
The ordinance had lapsed on 16 January 2014 as the Bill in this regard could not be passed in Parliament
Earnings for Public Service Enterprise Group Projected to Rise
Forbes - 18 Feb 2014 16:00
Wall Street is expecting higher profit for Public Service Enterprise Group when the company reports its fourth quarter results on Thursday, February 20, 2014. The consensus estimate is calling for profit of 47 cents a sh...
EPS Estimates for Pan American Silver Improved In Last Month
Forbes - 18 Feb 2014 16:00
Analysts have become increasingly bullish on Pan American Silver in the month leading up to the company's fourth-quarter earnings announcement scheduled for Thursday, February 20, 2014. The consensus earnings per share ...
GSK Pharma's open offer steadies share during turbulent times
livemint.com - 18 Feb 2014 15:50
The outlook for its business in 2014 may have a greater bearing on the share than the raised stake of the parent
Sebi tells listed firms to provide annual information memorandum
livemint.com - 18 Feb 2014 15:22
Companies will need to prepare these documents in addition to the annual reports that they issue
Bharti Airtel's Loop acquisition signals start of consolidation
livemint.com - 18 Feb 2014 15:20US Stock Futures Suggest Slow Start After A Solid Performance Last Week Followed By A Long Weekend; Earnings Back In Focus
IBTimes - 18 Feb 2014 15:16
Coming back from a long weekend, which was preceded by a stellar performance during the previous week, stocks look set for a hesitant start Tuesday as quarterly earnings are back in focus. Last week, the Dow Jones Indust...
Actavis Plc To Buy Forest Labs For $25 Billion; Deal Expected To Be Announced Tuesday
IBTimes - 18 Feb 2014 15:16
Actavis PLC (NYSE:ACT) is in advanced talks to buy out competing drug maker Forest Labs (NYSE:FRX) in a whopping $25 billion deal expected to be announced early Tuesday, according to media reports. The acquisition of New...
Castrol India on a greasy road
livemint.com - 18 Feb 2014 15:01
The December quarter numbers don't leave much room for optimism
Indian bonds gain for third day; buying interest to continue
livemint.com - 18 Feb 2014 14:24Towards a second abode
livemint.com - 18 Feb 2014 14:20
Do you want a second home?