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Market News

Location American Market News for 13 May 2014
(Kitco News) - The rally in U.S. equity markets could leave investors indifferent to gold as the yellow metal remains range bound, said analysts.
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Maybe, I should be talking about downside surprises, as the market flirts with 1,900, but I'm not. The W formation of the S&P 500 Index, starting in 2000, then plumbing the depths of 2008 – ‘09 and the subsequent rec...
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Cloud-computing company Rackspace traded in the clouds on the heels of better-than-expected first quarter earnings results. But as the company celebrates its earnings beat and stock rally, more than a few analysts have i...
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Govt accepts proposal to loosen rules on sale of depository receipts The proposal seeks liberal regime for Indian companies to access funds from overseas markets through sale of DRs
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Oil Exports Face Washington Bottleneck

Wall Street Journal - 13 May 2014 21:24
Energy Secretary Ernest Moniz's comments about "considering" U.S. oil exports don't offer real support for crude prices.
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The Court of Justice of the European Union ruled on Tuesday that in certain cases, Google and other search engines will have to remove content when requested to do so by EU citizens. While the majority of people have wel...
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Russia's finance minister said Tuesday that the country won't be borrowing from foreign sovereign debt markets this year, according to Bloomberg.
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(Reuters) - U.S. retail sales barely rose in April, tempering hopes of a sharp acceleration in economic growth in the second quarter.
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(Kitco News) - Gold prices ended the U.S. day session modestly lower Tuesday. The metal got an early lift from a U.S. retail sales report that showed only tepid growth and did not meet market expectations. However, the ...
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In my last blog dated May 8, “Business Structure Dictates Tax Treatment For Professional Traders,” I recommended electing S-Corportation tax treatment for a management company or trading business. I wanted to expand ...
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This joint effort by the carriers, following their discussions for a joint telecom infrastructure company last week, can be seen as an attempt to cater to the changing customer needs and business dynamics of the telecom ...
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The disparity between revenue growth and income growth highlights just how much the automaker gained from the devaluation of the yen and increased sales in key markets such as North America and China. Toyota has benefite...
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Why should Google be allowed to publish or publicize by linking to information that is old or inaccurate and perhaps no longer relevant?
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Prosecutors Seek Prison Sentence for SAC Employee

Wall Street Journal - 13 May 2014 19:06
Federal prosecutors are seeking a prison sentence of more than five years for Michael Steinberg, a senior employee of SAC Capital Advisors who was found guilty of insider trading.
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Hopes of a stable govt improve demand for Indian overseas bonds Yields on foreign currency bonds sold by Indian companies have dropped to a six-month low
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Dr Reddy's goes long on research

livemint.com - 13 May 2014 18:32
Dr Reddy's goes long on research Dr Reddy's Laboratories saw its research/sales ratio jump to 9.4% in FY14 from 6.6% in the earlier year
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The EU's highest court on Tuesday ruled that individuals may ask Google Inc. (NASDAQ:GOOG) to remove links to content such as news articles, court rulings and various other documents from search queries that include thei...
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Happy American Craft Beer Week! It's time to celebrate craft beer -- "Game of Thrones"-style. If, for some reason, you've misplaced your Valyrian steel sword or put your dragons in daycare for the week, you can still get...
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It's A Market Of Stocks: Apple Vs. Twitter And Why You Should Think Again Before Selling In May And Going Away Why we believe investors should not Sell in May and Go Away.
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Trust But Verify: Regulators Demand Banks Verify Brokers' Background Readers of my blog know I am a vocal critic of the investment industry because of its lack of transparency. I’ve not only taken investment banks to task for their lack of transparency, but questioned the effectiveness ...
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Asset quality improvement in public banks hides slippages, recasts The 21 state-owned banks which have declared earnings so far have combined gross NPAs of `1.38 trillion
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US stocks advance; S&P 500 scales new intraday high

livemint.com - 13 May 2014 16:11
US stocks advance; S&P 500 scales new intraday high The S&P 500 climbs to a fresh intraday high of 1,902.17 despite a soft US retail sales report
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