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Market News

Location American Market News for 27 March 2014
The official demise of bitcoin in China has arrived. The People's Bank of China is mandating banks to close by April 15 all accounts opened by operators of websites that trade, essentially forcing all bitcoin exchanges i...
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Gold has profited from its allure as a safe haven from turmoil in emerging markets and elsewhere early this year, particularly as tension over Ukraine and the Crimea region continues. Prices have been lifted from about $...
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Prepare For China Bounce, Barclays Says

Forbes - 27 Mar 2014 18:43
Prepare For China Bounce, Barclays Says Barclays says investors should buy Malaysia and Korea stocks ahead of better Chinese growth.
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China's banks can regulate Alibaba as much as they like, but Jack Ma's company refuses to be intimidated. The Internet giant has launched another investment product, Yu Le Bao, which will allow the masses to invest in fi...
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A Bull Market of a Different Kind

Wall Street Journal - 27 Mar 2014 21:51
Controversial but profitable, African-game breeding has become the new trophy investment for some. WSJ. Money
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SEC Reviewing Municipalities' Disclosures

Wall Street Journal - 27 Mar 2014 21:43
The municipal-bond enforcement unit at the SEC is reviewing the past disclosures of defaulted and distressed municipalities to see if financial conditions were properly disclosed.
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MCX to hold board meet on 3 April

livemint.com - 27 Mar 2014 21:33
MCX to hold board meet on 3 April The meet will discuss alteration of main objects clause of memorandum of association and articles of association
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Expectations that stock prices will stay essentially unchanged are at the highest level since 2005 according to AAII Sentiment Survey.
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FPSF appeals against Sebi order for mutual funds distributors FPSF alleged in its petition to SAT that Sebi's decision to grant IMFI the in-principle approval was illegal
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The beginning of a mid-cap rally?

livemint.com - 27 Mar 2014 20:31
The beginning of a mid-cap rally? BSE's Mid-cap index has gained 27% since August, and has outperformed the Sensex, which has risen 15%
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With the buyout of Vodafone's Verizon Wireless stake, the company will have access to a larger portion of its cash flows and profits to pay off the debt and reduce its interest burden, which it has said is its priority a...
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The $1 billion investment plan will enable the company to scale up its capacity constrained CO2 business and cater to more enhanced oil recovery customers in the Permian basin, while also potentially helping boost its ow...
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We will be closely watching the company's margins to see if the company is on track with its expense management initiatives. Also, given that most of BlackBerry's value lies in its services business, it will be important...
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Best-selling author Michael Lewis, who has placed the spotlight on risky Wall Street practices from the use of junk bonds in the 1980s to toxic derivatives during the mortgage crisis, has a new area of concern: High-freq...
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US Q4 GDP Revised Up To 2.6% From 2.4%

IBTimes - 27 Mar 2014 19:21
U.S. economic growth was a bit faster than previously estimated in the fourth quarter of 2013, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. G...
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Philippine peso slump amid surplus shows smuggling risk There are sizable differences between official import figures reported by the Philippines and the exports recorded by trading partners including Japan, Taiwan
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The NASDAQ OMX Group (NDAQ) has declared a regular quarterly dividend of $0.15 per share on the company's outstanding common stock, an increase of 15% from the prior $0.13 per share quarterly dividend. The dividend is pa...
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Fed On Target To Raise Interest Rates In Spring 2015 Once the Fed begins to raise interest rates I believe that they are likely to use the 2004-2006 timeframe as a blueprint for its tightening program this time around.
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NSEL says FMC has given no-objection for re-mat of e-series contracts FMC observes 'the forensic auditors' report by Chokshi and Chokshi has not brought out any adverse finding with specific reference to e-series contracts
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S&P 500 Analyst Moves: EOG

Forbes - 27 Mar 2014 17:56
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, EOG Resources (EOG) is now the #49 analyst pick, moving up by 1 spot.         This rank is...
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Dow Analyst Moves: MRK

Forbes - 27 Mar 2014 17:54
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Merck & Co. (MRK) is the #14 analyst pick.  Merck & Co., Inc also comes in ...
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Shoppers Stop's same store sales remain under pressure Same-store sales are expected to remain soft at mid single-digit levels in the near term due to weak consumer sentiment
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