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IndiaGazette.com Friday 3rd July 2009 Issue 1898
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Asian markets hit by weak U.S. job losses data


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HONG KONG (MarketWatch) -- Asian markets staged a retreat Friday after U.S. stocks tumbled in reaction to higher-than-expected job losses in June. Japanese stocks fell sharply, with exporters and...


Nikkei falls 1% after US jobs data
TOKYO: Japan's Nikkei stock average fell 1 per cent on Friday after bleak US jobs data revived caution about the outlook for the global economy, while retail stocks tumbled after Seven & I...


HK shares open down 1.2 pct in broad sell-off
HONG KONG, July 3 (Reuters) - Hong Kong shares opened 1.2 percent lower on Friday, dragged down by a disappointing jobs report from the United States, which beat down Wall Street stocks on...


UPDATE 1-Japan appoints Tamaki as top currency diplomat
TOKYO, July 3 (Reuters) - International policy veteran Rintaro Tamaki will become Japan's top currency diplomat in a regular personnel reshuffle at the Finance Ministry, a move that is not...


Nikkei Down By Over 1% On Wall Street Cues
(RTTNews) - The Japanese market fell sharply in early trading on Friday with the overnight fall on Wall Street on the back of weak employment report triggering a sell-off across the board. With the...


Siva to tap NCD, ECB route to mop up Rs 715 crore
MUMBAI: Investor C Sivasankaran, who is known for spotting business opportunities early and exiting them at high valuations, is raising over Rs 1,150 crore. Siva Ventures, the primary investment...


UPDATE 2-Citigroup, Relativity agree to dismiss litigation
C.N ) and film financing company Relativity Media said on Thursday they agreed to dismiss pending breach of contract lawsuits filed against each other in November 2008 related to a $550 million...


KOSPI Expected To Fall Through 1,400 Points
(RTTNews) - The South Korean stock market finished Thursday's trade lower by just a fraction of one point, but that was enough to end its modest winning streak at two sessions worth 22 points or 1.6...


CANADA FX DEBT-C$ edges higher, bonds up on weak U.S. jobs
TORONTO, July 2 (Reuters) - The Canadian dollar finished slightly higher against the greenback on Thursday, but well off its session peaks, as a gloomy U.S. jobs report cast doubt about the speed...


Japan stocks fall on bank merger worries
TOKYO — Slumping banks dragged Japanese stocks lower Thursday as investors doubted whether latest merger deal between Shinsei Bank Ltd. and Aozora Bank Ltd. would prove fruitful. The...


Asian Markets End In Negative Territory Ahead Of US Jobs Report
(RTTNews) - Asian markets ended in negative territory on Thursday as traders preferred to exercise caution ahead of key jobs report in the U.S later in the day. Most of the markets opened in positive...


Asian markets close mostly higher
Asian stock markets are mostly higher, but buying has been restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of a recovery in the world's largest economy.In...


Asian markets mixed as data suggests long slog
China showed that recovery is going to be a long slog. Oil hovered above $70 a barrel. In Japan, the central bank's "tankan" survey reflected a slight uptick in gloomy corporate sentiment. But the...


Asian markets struggle for direction ahead of US data
HONG KONG, Jul 02, 2009 (AFP) - Asian markets were mixed Thursday as investors sought firm signals ahead of key US jobs data, while another strong performance in Shanghai raised fears its rally will...


Asian markets gain on positive Chinese data
Asian stock markets clawed higher Wednesday after data showed the region's two biggest economies are inching toward economic recovery. Investors seemed to brush off an overnight drop...


US job data worries drag Asian markets
Asian markets are flat ahead of the US job data. The Hang Seng has gained 288 points (1.5%) at 18,667. The Nikkei is unchanged at 9,940. The Taiwan Weighted has added 104 points (1.5%) to 6,683....


Power Finance may slash interest rates by 25 bps
KOLKATA: State-owned Power Finance Corp Ltd (PFC) may cut its lending rate by 25 basis points to 11.5 percent keeping in view the fall of interest rates, a company official said here Thursday. ...


Banks approve Maytas debt restructuring package
HYDERABAD: State-owned and private banks that have an exposure of Rs 5000 crore to Maytas Infra, the troubled infrastructure firm run by B Teja Raju, have approved the corporate debt restructuring...


Obama, Russia PM Putin may discuss reserve currencies
MOSCOW, July 2 (Reuters) - Russia's Prime Minister Vladimir Putin may discuss reserve currencies with U.S. President Barack Obama at a breakfast in Moscow next week, Putin's spokesman said on...


UPDATE 4-ECB holds rates, to start buying bonds next week
LUXEMBOURG, July 2 (Reuters) - The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it...


Yes Bank to raise Rs 500-cr by September
MUMBAI: Private sector lender, Yes Bank, plans to raise around Rs 500-crore by September as Tier-II capital and around USD 200-million in its Tier-I structure through an equity issuance, a top...


MONEY MARKETS-Euro rates hit new lows as ECB holds rates
LONDON, July 2 (Reuters) - The interbank cost of borrowing euros marked a new low on Thursday as the European Central Bank held rates and markets waited for clues on what it might do next to spur...


Optimism prevails in second day of gains
The benchmark Kospi climbed 21.59 points to 1,411.66, the second straight session of gains. Volume was moderate at 495.7 million shares worth 4.98 trillion won ($3.93 billion), with gainers outpacing...


Asia markets end mostly down before U.S. jobs data
HONG KONG (MarketWatch) -- Asian shares ended mostly lower Thursday, with investors locking in profits ahead of U.S. jobs data due out later in the day. Japan's Nikkei 225 Average closed down...


HK stocks drop in volatile trade; China stocks at 13-mnth high
HONG KONG, July 2 (Reuters) - Chinese stocks rose 1.7 percent to a 13-month closing high in heavy trade on Thursday, with energy and metals shares strong as investors gained confidence in the...


UPDATE 1-Euro zone May jobless hits 10-yr high of 9.5 pct
BRUSSELS, July 2 (Reuters) - Euro zone unemployment hit its highest level in 10 years in May, data showed on Thursday, bolstering market expectations the European Central Bank will leave interest...


HK shares drop 1.1 pct in volatile trade ahead of US data
HONG KONG, July 2 (Reuters) - Hong Kong shares dropped on their first trading day of the third quarter, shedding early gains as the mood in the market swung from optimism over upbeat manufacturing...


Nikkei Ends Lower On Profit Taking; Await US Jobs Report
(RTTNews) - The stock market in Japan ended in negative territory on Thursday as traders preferred to lock in gains ahead of key job report in the U.S. In the U.S., stocks managed to end the first...


Asian stocks lackluster as traders eye US job data
HONG KONG — Asian stocks were narrowly mixed Thursday as investors eyed a key U.S. jobs report for signs that American consumer spending might recover and help the world's largest economy turn...


Market closes flat after early gains
MELBOURNE - The Australian share market closed flat after earlier gains were whittled back despite gains in resources sector gains and a positive lead from Wall Street.At 1615 AEST, the benchmark...


Swedish crown falls after Riksbank cuts repo rate
LONDON, July 2 (Reuters) - The Swedish crown fell on Thursday after the Riksbank cut its key repo rate in a move that surprised market participants who had been expecting the central bank to leave...


Asian stocks mostly higher in choppy trade amid caution ahead of US jobs report
HONG KONG - Asian stocks were mostly higher Thursday, but buying was restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of recovery in the world's largest...


Asian stocks kick off the third quarter mixed
HONG KONG -- Asian shares began the third quarter mixed Wednesday as a Japanese business confidence survey was met with disappointment, but positive manufacturing data from China gave further...


Sichuan Expressway rally is good news for IPOs
HONG KONG (MarketWatch) -- A strong gain Thursday in shares of what reports say will be the first company to debut shares in Shanghai this year bodes well for larger initial public offerings expected...


SCENARIOS-Weak Japan PM in pinch as ponders election timing
TOKYO, July 2 (Reuters) - Speculation is swirling over whether unpopular Japanese Prime Minister Taro Aso will soon call an election, due by October, or be ousted before the...


Asian Markets Mostly Trading Higher
(RTTNews) - Asian markets are mostly trading in positive territory on Thursday with the overnight surge on Wall Street and renewed hopes of an economic revival prompting investors to go in for some ...


Hang Seng opens higher
(1 hr 2 mins ago) Hong Kong share prices opened 1.85 percent after a public holiday. The benchmark Hang Seng Index rising 340.43 points to 18,719.16 in the first few minutes of trading. AGENCE...


Asian markets flat ahead of US job data
The Hang Seng has gained 288 points (1.5%) at 18,667. The Nikkei is unchanged at 9,940. The Taiwan Weighted has added 104 points (1.5%) to 6,683. The Shanghai Composite is up 42 points (1.5%) at...


China official says not aware of G8 reserve currency request
BEIJING, July 2 (Reuters) - Vice Foreign Minister He Yafei said on Thursday he had not heard about reports that China had requested a debate about global reserve...


Hang Seng May Get A Boost To Open Thursday
(RTTNews) - The Hong Kong stock market has finished lower in back-to-back sessions, ahead of Wednesday's market holiday for SAR Establishment Day. The Hang Seng has lost more than 220 points or 1.3...


TABLE-Auto industry U.S. June results by auto groups
July 1 (Reuters) - Following are U.S. sales and market shares of cars and light trucks listed by auto groups and their wholly owned subsidiaries for June versus the same year-earlier month and for...


Shinsei AMC launches its two maiden debt funds
MUMBAI: Shinsei Asset Management Company (India) on Wednesday launched its two maiden schemes - ‘Shinsei Liquid Fund’ and ‘Shinsei PSU Bond Fund – Ultra Short Term Plan’. The new fund...


Analysts say China has no say in G8; dollar move overdone
NEW YORK, July 1 (Reuters) - Foreign exchange investors reacted quickly to news from anonymous sources that China is requesting a reserve currency debate at next week's meeting of the Group of...


Asian markets mixed as data hint at long slog
Asian stock markets were mixed yesterday as economic surveys from the U.S., Japan and China showed that recovery is going to be a long slog. Oil hovered above US$70 a barrel.In Japan, the central...


Euro rises 1 pct vs dollar after China news
NEW YORK, July 1 (Reuters) - The dollar extended losses against the euro on Wednesday after news that cited sources as saying China has asked to debate proposals for a new global reserve currency...


Reuter Moneygraph-imf Sdr Rates-july 1 Us 1.54682
Jun 30 Jun 29 Jun 30 Jun 29 U.s. 1.55223 1.55031 Iranian 15412.00 15393.10 Euro 1.09822 1.10280 Kuwait 0.44557 0.44556 U.k. 0.93734 0.93697 Norwegian 9.90383 9.96264 Australia 1.91302 1.93668 S....


Asian Markets End Mixed ; Await Key Economic Data
(RTTNews) - The markets in Asia-Pacific region open for trading ended mixed on Wednesday, ahead of key economic data in the U.S. The Shanghai Composite Index in China closed above the 3,000-mark...


Shanghai Composite breaks 3,000 mark
(1 hr 17 mins ago) Mainland shares closed up 1.65 percent led by banks and developers on ample liquidity and hopes for improving economic fundamentals. The Shanghai Composite Index, which covers...


Carlyle earmarks up to $75 mn for investment in single firm
MUMBAI: Carlyle Group, the world's second biggest buyout firm, has identified India as one of its key markets and would invest in companies across sectors, earmarking between $15-75 million for...


UPDATE 4-Japan PM names new ministers, abandons party revamp
TOKYO, July 1 (Reuters) - Unpopular Japanese Prime Minister Taro Aso abandoned on Wednesday a revamp of his top party line-up in the face of opposition from party heavyweights, managing only to...