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- Germany Pays More in Debt Issue Germany's borrowing costs are rising as investors worry about the economy. Merkel expects a slowdown.
- Vodafone Announces Share Buyback Vodafone launched a $2 billion share-buyback program in a bid to boost its stock price.
- Sallie Mae's Profit Falls 72% Sallie Mae's profit fell 72% amid higher, but improving funding costs, which the company has said threatened its ability to remain profitable.
- Investment Banks Rush to the Gulf Western investment banks are rushing to the oil-rich Persian Gulf, seeking shelter from the global financial storm. But business, even in this haven, is also disappointing.
- New York Times May Face Junk Rating Standard & Poor's warned that it may cut New York Times's rating, a move that would leave the media company with a junk rating.
- Another Skid by Oil Props Up Stocks The Dow industrials gained 29.88 points to end at 11632.38 amid new evidence that the struggling U.S. economy is becoming less energy-hungry. Crude prices fell sharply again, bringing the front-month contract under $125 a barrel.
- Did the SP link work in Anil Ambani cos’ rally? The aggregate market value, or market capitalization of companies controlled by Anil Ambani, perceived to be close to the Samajwadi Party’s Amar Singh, has risen 33% in the past five trading sessions
- Speculators behind the rise in oil prices, says Chidambaram Chidambaram has become a vocal champion of some of the Asian nations whose fast-growing economies are threatened by high oil prices -- countries that rely on oil imports but have little leverage over prices
- China may beat US in science, technology Scientific activity, investment and policy initiatives seem to be in harmony in China, where the number of published scientific papers has doubled in the past five years
- Investors bet big on UPA’s reform pace A 6% jump in Sensex adds Rs2.5 trillion to investors’ wealth on hopes of stability and faster business reforms
- B of A Approves Share Repurchase Bank of America approved spending up to $3.75 billion through next year to repurchase up to 75 million shares. The new buyback authorization is much smaller than a 200 million-share plan it replaces.
- Govt set to speed up Navi Mumbai airport, bail out AI The new airport in Navi Mumbai, 35km north of the city airport, is planned for completion by 2012
- Tapping the potential Trends in India’s trade with the West African region
- WTO talks: India says more needed The brinkmanship and tit-for-tat demands for new offers between advanced and developing countries fit a pattern that has seen several previous meetings since 2001 collapse without a deal
- Regulate handling rates at ports, say exporters Some exporters have claimed the shipping lines are resorting to ‘double-dipping’ to pass on the trade risk
- Maytas consortium wins Hyderabad metro rail bid The elevated metro rail project will have three routes--Miyapur to LB Nagar, Jubilee Bus Station to Falknuma and Osmania University to Shilparamam in the city
- Ram broke the Ram Sethu, govt tells Supreme Court The arguments before the court on the lifting of its August stay order resumed on Tuesday
- Miles Young to succeed Shelly Lazarus at O&M Lazarus will remain chairman of The Ogilvy Group; both appointments become effective 1 January 2009
- India has a market for only two full-service, two low-cost airlines The SpiceJet deal is an example of changing times, says Amitabh Malhotra, director of investment banking firm N.M. Rothschild and Sons (India) Pvt. Ltd
- Vietnam’s problems spring from success The surge in foreign investment has pushed up the currency and fuelled inflation further stoked by rising commodity prices
- Where can the current rally take the markets? The energy markets have suddenly woken up to the realization that as world growth slows, demand for oil, too, will come down
- Decade’s biggest gain for rupee as stocks soar The rupee has advanced 8.2% against the dollar since the Congress proposed Singh as its candidate for Prime Minister on 18 May 2004
- Kerala law panel recommends Rs10 lakh fine for hartal calls Leaders of any outfit that gives an unauthorized call to protest may also be liable to be prosecuted
- World Bank needs to improve environmental record: report It’s vital for bank, partners to intensify focus on measurable protection
- Pension regulator calls for a push to reforms The proposed pensions legislation would allow foreign funds to buy stakes of up to 26% in pension joint ventures with Indian firms
- Sensex up 838 points at close The BSE benchmark gained 838 points to 14,942 levels, its fifth straight day of gains. Banking scrips lead rally
- Banks Post Losses, Their Stocks Soar Five big lenders led by Wachovia and WaMu reported combined quarterly losses of more than $11 billion. But their shares jumped an average of 14% on rising hopes that battered bank stocks have fallen about as low as they can go.
- Falling oil prices, rising Wall Street boost Asian markets Although Asian stocks could move higher in coming days, analysts weren’t ready to declare an end to the region’s bear market
- Vodafone unveils surprise $2 billion share buyback Odafone shares slumped almost 14% on 22 July after the group said its full-year revenue would be at the bottom of a previously stated forecast
- Vodafone unveils surprise $2 billion share buyback Odafone shares slumped almost 14% on 22 July after the group said its full-year revenue would be at the bottom of a previously stated forecast
- On Economy, Bush Faults 'Drunk' Wall Street Bush normally uses measured tones to describe the challenges facing the U.S. economy, but at a closed-door fundraiser he blamed Wall Street for getting "drunk."
- Banking index surges over 8% in early trade Marketmen said corporate India believes the win in the trust vote would give a boost to the government for furthering its much-awaited reforms agenda
- Even as her campaign fails, Mayawati is gainer This is a quantum leap forward for a leader who remained a regional phenomenon even after her spectacular victory in the Uttar Pradesh assembly polls last year
- Vodafone warning is a worrying sign The global mobile operator is now warning investors to expect its full-year revenues to deliver at the low end of its £39.8-40.7 billion (Rs3.40-3.48 trillion) forecast range
- India, China offer good bargains: Templeton The asset management firm has been shuffling its portfolio based on valuations, says its executive chairman
- US threat of unilateral action a growing concern in Pakistan Alarm in Pakistan about possible US intervention rose after a surprise visit on 12 July by the chairman of the joint chiefs of staff, admiral Mike Mullen, to Islamabad
- Pakistan signals readiness for investment from Indian industry Its new trade policy includes measures to encourage makers of CNG buses from India as a first step
- For Mumbai, PM must revisit ‘Shanghai dream’ Together with power generation, urban-renewal projects have been among the slowest infrastructure investments to take off in India. And they are also the ones that are most needed
- Relief rally in Sensex could keep bearsat bay Indeed analysts note that much of the buying this week was primarily in sectors that could see potential see some policy changes
- Did politics help markets rise? One way of finding that out is to check whether India has outperformed other markets during the recent rally
- Indian stocks advance overseas on government winning trust vote Singh’s Congress Party-led coalition won enough votes for a majority in the 541-member lower house of parliament
- Indian stocks advance overseas on government winning trust vote Singh’s Congress Party-led coalition won enough votes for a majority in the 541-member lower house of parliament
- Sensex ends 254 points higher Indian bourses closed higher on Tuesday, as optimism rose that the Congress-led coalition government would survive an imminent parliamentary confidence vote
- Religare cuts Petronet LNG’s target price to Rs86
- Angel Broking maintains BUY on Sasken Communications
- Sharekhan keeps BUY on Glenmark Pharma
- Company Update: Bajaj Auto Limited
- Result Review: Steel Authority of India
- Nikkei jumps 3%, trading houses and banks gain Banks rise on relief U.S. bank earnings not as bad as feared
- Why not leave reality shows to grown-ups? Children as young as three months are getting professional portfolios shot so that they can peddle diapers, baby powder and a host of other commercial products
- Idea offers to surrender 2 licences to gain DoT nod The deal also included joining hands with Telekom Malaysia International Bhd for this venture and Idea issued a public offer for purchasing another 20% stake in Spice Communications
- When ’Foreign exchange losses’ are heartening Just three months ago, most analysts were predicting that the rupee would continue to rise and reach levels of about 36-38 against the US dollar
- EU offers to cut farm tariffs by 60% in global trade pact The 27-nation bloc has previously proposed to cut the tariffs by 54%, but it was unclear what Mandelson’s new figure fully entailed
- Asian stocks gain after oil prices sink Investors were feeling upbeat after Citigroup Inc. reported a second-quarter loss on Friday morning that nonetheless topped analyst projections
- Chinese economy faces serious obstacles Given overheating risks, more moderate growth is exactly what China wants
- US Fed is on the horns of a dilema Raising the Fed’s overnight rate target to double digits would devastate the US housing sector and the currently fragile financial system
- Global markets falter on fear over US financial crisis Markets are worried that the deep strains in US finance could spread overseas since foreign investors have large exposure to American home loans
- Asian investors less optimistic on markets In China, investors are worried about inflation and weak US economy; sentiment in India has dipped slightly
- Gloom over banks sends European shares down The FTSEurofirst 300 index of top European shares was down 1.9% at 1,112.75 in morning trade, having hit its lowest level in three years
- Asian investor sentiment drops: survey The survey covered 13 markets, polled 1,313 investors with at least $100,000 in assets that could be invested; sentiment in China and India dropped while Hong Kong was upbeat
- Asian markets fall sharply as worries mount over US financials Every major index was in the red by midday, with Hong Kong’s Hang Seng Index dropping 3.2% and Taiwan’s benchmark losing nearly 4% at one point
- Asian stock markets maintain downtrend The Chinese stock market bucked the trend to close modestly up, but like most Asian bourses is heavily in the red for 2008.
- Asian private equity fund raising drops 22%: study Fund raising from the start of the year slid to $19.2 billion from $24.5 billion a year ago, according to the publication, while new investments fell 22.7% to $42 billion
- Nikkei falls on worries over US financial sector The benchmark Nikkei 225 index lost 29.53 points to close at 13,010, while Topix edged down 5.19 points to 1,280.72
- Break-up good for General Electric? At the same time, the credit cards-to-microwaves-to-jet engines maker has seen its market value drop by $125 billion
- Nikkei ends marginally weak The benchmark Nikkei 225 index fell 27.52 points, or 0.2%, to 13,039.69. It slipped below 13,000 levels in intra-day deals before staging a recovery
- Pakistan proposes Rs50 bn equity fund The commission hopes participants in the fund will be financial institutions like banks and state-owned institutions with large pension and gratuity funds
- Nikkei up on bargain-hunting in financial sector However, overall sentiment was sluggish following a tumble on Wall Street and uncertainty over volatile oil prices
- It’s all over but the dating for US recession Taken in conjunction with the decline to 43.8 in the Institute for Supply Management’s non-manufacturing employment index, the lowest in its 11-year history, it’s hard to be optimistic about employment prospects
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