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Market News

Location American Market News for 18 February 2014
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...
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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.
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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...
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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.
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BSE, NSE find widespread violation of listing norms

livemint.com - 18 Feb 2014 21:04
BSE, NSE find widespread violation of listing norms BSE finds 960 instances of non-compliance by 626 firms; NSE detects 151 such cases, suspends 119 firms from trading
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The black hole of UPA-II

livemint.com - 18 Feb 2014 20:58
The black hole of UPA-II The first task before the next government will be to start filling this black hole in the Union Budget
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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.
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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...
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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...
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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.
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ABB's performance does not justify surge in stock price The surge in shares is partly a reflection of a new-found love for capital goods stocks after the budget announcements
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Action by Sebi under ordinance to remain valid: Govt

livemint.com - 18 Feb 2014 16:06
Action by Sebi under ordinance to remain valid: Govt The ordinance had lapsed on 16 January 2014 as the Bill in this regard could not be passed in Parliament
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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 ...
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Wall Street is expecting higher profit for Express Scripts when the company reports its fourth quarter results on Thursday, February 20, 2014. The consensus estimate is calling for profit of $1.12 a share, a rise from $1...
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GSK Pharma's open offer steadies share during turbulent times The outlook for its business in 2014 may have a greater bearing on the share than the raised stake of the parent
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Sebi tells listed firms to provide annual information memorandum Companies will need to prepare these documents in addition to the annual reports that they issue
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Bharti Airtel's Loop acquisition signals start of consolidation Analysts believe sub-scale operators have no other option but to either consolidate or be consolidated
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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...
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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...
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Castrol India on a greasy road

livemint.com - 18 Feb 2014 15:01
Castrol India on a greasy road The December quarter numbers don't leave much room for optimism
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Indian bonds gain for third day; buying interest to continue The benchmark 10-year bond yield closed down 3 basis points at 8.77%
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Towards a second abode

livemint.com - 18 Feb 2014 14:20
Towards a second abode Do you want a second home?
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