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For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page India Gazette.com http://www.indiagazette.com/index.php/ct/10/id/ce9cf98a4a863704/ en-us Sat, 17 May 2008 18:12:39 -0400 Sat, 17 May 2008 18:12:39 -0400 30 UPDATE 1-Election propels Dominican president to third term SANTO DOMINGO, May 17 (Reuters) - President Leonel Fernandez swept to a third term in the Dominican Republic, propelled back into office by what many see as his success in pulling the Caribbean cou... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14895414/ Sat, 17 May 2008 12:44:57 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14895414/ Election propels Dominican president to third term SANTO DOMINGO, May 17 (Reuters) - President Leonel Fernandez swept to a third term in the Dominican Republic, propelled back into office by what many see as his success in pulling the Caribbean cou... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14890211/ Sat, 17 May 2008 04:44:04 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14890211/ GRUH Finance expands its reach AHMEDABAD: GRUH Finance Limited, a housing finance company and a subsidiary of HDFC Ltd, has expanded its reach to two more states and is aiming to achieve disbursement of Rs.10 billion by 2009-20... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14889055/ Sat, 17 May 2008 03:55:16 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14889055/ Dominican president wins re-election, rival concedes SANTO DOMINGO (Reuters) - Dominican President Leonel Fernandez, widely credited with pulling his Caribbean country out of a deep economic slump, cruised to a re-election victory on Friday, winning mor... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14888091/ Sat, 17 May 2008 02:04:56 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14888091/ Dollar lower against the Japanese yen in trading late Friday night May 16, 2008 - 8:29 p.m. NEW YORK (AP) - The dollar fell against the Japanese yen, trading at 104.04 yen late Friday night in New York compared with 104.17 yen late Friday afternoon. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884625/ Fri, 16 May 2008 23:23:03 -0400 Canadian Business http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884625/ Bush administration bars drilling in Arctic wetland ANCHORAGE, Alaska (Reuters) - The Bush administration on Friday proposed keeping potentially oil-rich wetlands in Arctic Alaska off-limits to drilling because of their ecological sensitivity, a revers... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884052/ Fri, 16 May 2008 20:45:34 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884052/ Clearing Corp set to guarantee forward contracts, rate futures MUMBAI: In a move that will boost trading in interest rate derivatives, Clearing Corporation of India (CCIL) has developed two new products which will guarantee forward contracts and over-the-count... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884439/ Fri, 16 May 2008 19:52:52 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884439/ ICAI tightens disclosure norms for derivatives In a step which is likely to give shareholders a clearer picture of the health of the company they own, accounting regulator ICAI on Friday approved a new accounting standard on disclosure of all s... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884440/ Fri, 16 May 2008 19:52:49 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14884440/ Asian markets end mixed; Tokyo shares end 4-day win streak HONG KONG - Asian markets were narrowly mixed Friday, as Hong Kong stocks rose but Tokyo shares fell after a four-day rally as traders sold off recent gainers such as precision equipment and electroni... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14882327/ Fri, 16 May 2008 18:49:40 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14882327/ UPDATE 3-Commodities power Toronto stocks to record close TORONTO, May 16 (Reuters) - The Toronto Stock Exchange's main index hit another record high on Friday as energy and materials shares rose on strong commodity prices and powered the composite to a l... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14880887/ Fri, 16 May 2008 17:54:50 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14880887/ FOREX-Bearish US consumer confidence data batters dollar NEW YORK, May 16 (Reuters) - The dollar fell on Friday as a plunge in U.S. consumer confidence raised the specter of a contraction in second quarter growth and trimmed the chances the Federal Reser... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877376/ Fri, 16 May 2008 15:01:52 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877376/ Arcelor Mittal, Deutsche Bank seek FIPB approval World's largest steelmaker Arcelor Mittal has also sought FIPB approval through its Indian arm, Arcelor Mittal India Ltd, Ranchi. It was not clear for what purpose Lakshmi Mittal-led steel giant wa... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877902/ Fri, 16 May 2008 14:09:04 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877902/ Volvo to acquire 8.1 pc stake in Eicher Motors NEW DELHI: Commercial vehicle maker Eicher Motors Ltd on Friday said it will sell 8.1 per cent of promoter's holding to Swedish bus maker Volvo to form a joint venture. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877901/ Fri, 16 May 2008 14:09:03 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14877901/ StanChart in pact with IFC to finance Asian, African MFIs The bank said it gives finance to 48 MFIs across 15 countries in Africa and Asia and has arranged finance to the tune of USD 285 million, with an outstanding portfolio of $180 million. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14875486/ Fri, 16 May 2008 14:08:56 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14875486/ Analysis of the US, European and Asian Fitness Club Market With Emphasis on the US Market Research and Markets (http://www.researchandmarkets.com/reports/c92073) has announced the addition of "Demographics Driving Fitness Club Market" to their offering. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14875410/ Fri, 16 May 2008 13:04:59 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14875410/ Ecuador says to propose OPEC output increase QUITO, May 16 (Reuters) - Ecuador's Oil Minister Galo Chiriboga said on Friday he would propose OPEC raise production to curb record high oil prices, which he said were hurting poor nations due to ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14873725/ Fri, 16 May 2008 12:09:07 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14873725/ FOREX-Dollar extends losses as consumer morale dives NEW YORK, May 16 (Reuters) - The dollar extended losses against the euro and gave up gains versus the yen on Friday, hurt by a report showing that U.S. consumer confidence tumbled to its lowest in ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14873726/ Fri, 16 May 2008 12:09:08 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14873726/ Foreigners buy steel, ship shares, lift Kospi The benchmark Kospi rose 3.17 points, or 0.2 percent, to 1,888.88. Volume was moderate at 297 million shares worth 6.8 trillion won ($6.53 billion) with gainers outpacing losers 441 to 363. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870940/ Fri, 16 May 2008 11:50:49 -0400 JoonAng Daily http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870940/ Market shrugs off inflation, May futures at discount India's inflation rate, based on wholesale price index, for week ended May 3 rose by 7.83 per cent versus 7.61 per cent in the previous week, while crude oil price rose to $125 per barrel from $123... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14874119/ Fri, 16 May 2008 11:14:30 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14874119/ Japan stocks edge lower, ending winning streak TOKYO — Tokyo stocks edged lower Friday after a four-day winning streak as investors sold recent gainers such as precision equipment and electronics makers. The Nikkei fell 0.2 percent to 14,21... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870941/ Fri, 16 May 2008 10:12:17 -0400 The Seattle Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870941/ Dollar trims losses on upbeat housing data NEW YORK (Reuters) - The dollar trimmed losses against the euro and rose versus the yen on Friday after unexpectedly higher housing starts in April injected a positive tone into the fragile economy. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870379/ Fri, 16 May 2008 09:09:43 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14870379/ Nikkei Stock Average closed 32.26 points lower to 14,219.48 The Associated Press May 16, 2008 - 8:12 a.m. TOKYO - The Nikkei Stock Average of 225 issues closed at 14,219.48 on the Tokyo Stock Exchange Friday, down 32.26 points or 0.2 per cent. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868038/ Fri, 16 May 2008 09:07:43 -0400 Canadian Business http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868038/ Hang Seng Index closed at 25,618.86, up 105.15 points The Associated Press May 16, 2008 - 8:12 a.m. HONG KONG - The Hang Seng Index closed at 25,618.86 on Friday, up 105.15 points or 0.4 per cent. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868037/ Fri, 16 May 2008 09:07:43 -0400 Canadian Business http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868037/ Asian stocks turn mixed as Nikkei retreats Other markets in the region including Hong Kong, Taiwan and Singapore rose, but were off their highs, while South Korea, Malaysia and the Philippines were little changed. China also reversed gains on ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868036/ Fri, 16 May 2008 07:35:04 -0400 Inquirer http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868036/ Asian currencies up on stock gains as dollar eases broadly SINGAPORE -- Most Asian currencies rose against a broadly weaker US dollar on Friday as rising share prices fuelled expectations that appetite for risky assets would pick up after a recent sell-off. T... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868035/ Fri, 16 May 2008 07:34:45 -0400 Inquirer http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868035/ 24 Asian markets to remain volatile next week as worst of crisis SINGAPORE (Thomson Financial) - Asian markets are expected to remain volatile next week, with investors locking in gains amid doubts whether recent market advances following encouraging U.S. economic ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868842/ Fri, 16 May 2008 07:13:18 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868842/ RPT-GLOBAL MARKETS-Asian stocks rise as dollar holds its ground HONG KONG, May 16 - Asian stocks rose cautiously on Friday as the dollar steadied against the yen and oil prices hovered below record highs, offering a rare lull in the market's gyrations. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868839/ Fri, 16 May 2008 07:13:01 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14868839/ HK stocks up but gains pared on Shanghai weakness HONG KONG, May 16 (Reuters) - Hong Kong stocks closed up on Friday but gains were pared after the Tokyo and Shanghai markets reversed course to close lower, while equipment maker Dongfang Electric ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867355/ Fri, 16 May 2008 06:13:18 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867355/ FOREX-Data contrast knocks dollar vs euro, yen LONDON, May 16 (Reuters) - The dollar eased versus the yen and the euro on Friday, pressured by the contrast between signs of a deteriorating U.S. jobs and manufacturing picture with forecast-beati... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867353/ Fri, 16 May 2008 06:13:16 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867353/ Markets shrug off high inflation, Nifty May at 8 pts discount India's inflation, based on wholesale price index, for the week ended May 3 rose to 7.83 per cent versus 7.61 per cent in the previous week. The rise in inflation is the fastest in the last three y... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867877/ Fri, 16 May 2008 05:24:31 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867877/ Stocks ease ahead of inflation data MUMBAI: Stock descended from early highs, as investors turned cautious ahead of inflation data. It is estimated at 7.5 per cent for the week to May 3, lower than the previous week's 7.61 per cent. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867880/ Fri, 16 May 2008 05:24:29 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14867880/ Asian markets rise as Wall Street extends gains (RTTNews) - Stock markets across the Asia-Pacific region were trading higher Friday, after Wall Street extended gains overnight on the back of a pullback in oil prices and some mixed economic data. Th... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14865727/ Fri, 16 May 2008 04:21:01 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14865727/ This New Study Provides a Low-Cost Summary of Paint Market Sizes Across the Asian Region Research and Markets (http://www.researchandmarkets.com/reports/c91945) has announced the addition of "The Top 50 Paint Companies In Asia, 3rd Edition" to their offering. The publishers are del... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14865724/ Fri, 16 May 2008 04:21:02 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14865724/ HK stocks climb as PetroChina cheers lower oil HONG KONG, May 16 (Reuters) - Hong Kong stocks rose 0.63 percent on Friday, tracking gains on Wall Street, with petrochemical stocks PetroChina (0857.HK: http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864263/ Fri, 16 May 2008 03:27:50 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864263/ Nikkei closes lower on profit-taking - Summary Tokyo - Japan's Nikkei 225 Stock Average closed lower Friday as investors tried to lock in profits from a four-day winning streak. The Nikkei index edged down 32.26 points, or 0.23 per cent, to close ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14862272/ Fri, 16 May 2008 02:46:53 -0400 Earth Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14862272/ Markets likely range bound ahead of inflation The US markets were positive Thursday. Also, crude oil cooled down to $122 per barrel. However, domestic factors such as dollar-rupee rate and inflation are also key to market direction. Gove... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864588/ Fri, 16 May 2008 02:36:09 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864588/ Equities likely to open higher; Inflation eyed MUMBAI: Equities are likely to open higher on Friday tracking positive global markets. However, inflation data will give direction to the market later in the day. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864590/ Fri, 16 May 2008 02:36:08 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14864590/ Asian currencies mostly up, buoyed by rising stocks SINGAPORE -- Most Asian currencies rose on Friday as rising share prices fuelled expectations that appetite for risky assets would pick up after a recent sell-off, with the Taiwan dollar and Singapore... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14862271/ Fri, 16 May 2008 01:57:26 -0400 Inquirer http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14862271/ Hong Kong stocks rise, but Dongfang Elec slides HONG KONG, May 16 (Reuters) - Hong Kong stocks rose 0.6 percent on Friday on the back of firmer global equities, but Dongfang Electric (1072.HK: http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14861850/ Fri, 16 May 2008 00:46:21 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14861850/ BHP jump lifts Sydney, Tokyo off highs HONG KONG (MarketWatch) -- Shares of BHP Billiton jumped on Friday to push Australian indexes higher, after local media reported that China has approached an Australian fund to partner in a multibilli... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859982/ Fri, 16 May 2008 00:10:22 -0400 Market Watch http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859982/ HK shares likely to rise; shipping stocks in focus HONG KONG, May 16 (Reuters) - Hong Kong stocks are expected to rise on Friday, tracking gains in global equities, with shipping stocks likely to climb after sea freight rates for raw materials hit ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859324/ Thu, 15 May 2008 22:00:48 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859324/ Gold edges down in Asia as oil in correction mode TOKYO (Reuters) - Gold edged down on Friday, taking a cue from oil's consolidation since hitting a record high earlier this week, while the dollar fell only slightly against the yen after Japan's grow... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859326/ Thu, 15 May 2008 22:00:46 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859326/ Gov. proposes to give Alaskans $100 a month for gas ANCHORAGE, Alaska, May 15 (Reuters) - Faced with some of America's highest energy costs, Alaska Gov. Sarah Palin proposed a plan on Thursday to provide state residents with special debit cards good... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859325/ Thu, 15 May 2008 22:00:45 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14859325/ Foreigners Stay Net Buyers of Japan Stocks Last Week Posted on: Thursday, 15 May 2008, 18:00 CDT Tokyo, May 15 (Jiji Press)--Foreign investors remained net buyers of Japanese stocks for the sixth straight week last week, the Tokyo Stock Exchange said T... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14856501/ Thu, 15 May 2008 21:37:19 -0400 RedOrbit http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14856501/ FOREX-Yen rises broadly amid waning risk demand NEW YORK, May 15 (Reuters) - The yen rose across the board on Thursday as investors reduced demand for riskier assets such as stocks after a series of weak U.S. economic data added to anxiety over ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14855724/ Thu, 15 May 2008 19:03:26 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14855724/ SAT sets aside SEBI order in Goldman derivatives case MUMBAI: The Securities & Exchange Board of India has yet again found itself at the receiving end of the Securities Appellate Tribunal (SAT), in the order pertaining to Goldman Sachs Investments... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14856295/ Thu, 15 May 2008 18:11:11 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14856295/ Nepalese can use NEFT to send funds back home MUMBAI: Nepalese citizens working in India can now send funds to their family and friends back home using the National Electronic Funds Transfer (NEFT) system. RBI on Thursday operationalised a one... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853360/ Thu, 15 May 2008 18:10:59 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853360/ Citi may rejig, not exit NBFC With Citi is on a restructuring mode globally, there have been rumours that the US bank may look at selling the NBFC arm in India. But according to Citi India CEO Sanjay Nayar, 'We are not exiting ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853361/ Thu, 15 May 2008 18:10:58 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853361/ Asian markets end mixed; Tokyo rises to 4-month high, but Hong Kong dips on quake worries The Associated Press May 15, 2008 - 8:34 a.m. HONG KONG - Asian markets were narrowly mixed Thursday as stocks in Tokyo and Singapore advanced but Hong Kong shares dipped as investors turned cautious... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853239/ Thu, 15 May 2008 17:06:53 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853239/ GLOBAL MARKETS-Asian stocks firm after benign U.S. inflation HONG KONG, May 15 - Asian shares rose on Thursday, with some indexes at multi-month highs, after benign U.S. inflation data that might give the Federal Reserve room to keep U.S. interest rates low to ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853240/ Thu, 15 May 2008 17:06:36 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14853240/ FOREX-Dollar rises versus euro as US stocks extend gains NEW YORK, May 15 (Reuters) - The dollar rose versus the euro on Thursday after U.S. stocks extended gains on optimism about potential deals and as oil prices fell further, offsetting weak economic ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14851110/ Thu, 15 May 2008 15:36:53 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14851110/ Indiabulls Real Estate allots 1.6 crores equity shares MUMBAI: Indiabulls Real Estate Thursday said it has alloted about 1.6 crore equity shares representing the same number of Global Depository Receipts towards acquisition of London-listed Dev Propert... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14851760/ Thu, 15 May 2008 14:41:09 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14851760/ Religare gets FSA approval for Hichens acquisition NEW DELHI: Domestic brokerage firm Religare Capital Markets on Thursday said it has received approval from the UK regulatory body Financial Services Authority (FSA) for completing the acquisition o... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14848728/ Thu, 15 May 2008 14:40:53 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14848728/ HK stocks slip with Shanghai; Hutchison jumps HONG KONG, May 15 (Reuters) - Hong Kong stocks slipped on Thursday, in line with Shanghai's index, as cautious investors shrugged off regional gains and offloaded shares, but Hutchison Whampoa (001... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845867/ Thu, 15 May 2008 12:14:04 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845867/ Nifty May at 2 points discount; short covering across board MUMBAI: Stocks in India ended strong on Thursday led by buying in frontline stocks and recovery in Europe. The markets rallied ahead of inflation figures on Friday. Significant buying was seen in c... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846927/ Thu, 15 May 2008 11:35:01 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846927/ FOREX-Strong Q1 growth buoys euro versus dollar NEW YORK, May 15 (Reuters) - The dollar fell against the euro on Thursday after strong euro zone growth in the first quarter, but losses were capped as ECB chief Jean-Claude Trichet warned growth m... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845866/ Thu, 15 May 2008 12:14:03 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845866/ Citi not to exit consumer finance business in India MUMBAI: Global financial services major, Citigroup on Thursday oday said it will not exit its consumer finance business in India and has infused $250 million (around Rs 1000 crore) into its Indian ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841764/ Thu, 15 May 2008 11:34:52 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841764/ U.S. April industrial production fell 0.7 pct WASHINGTON, May 15 (Reuters) - U.S. industrial production tumbled a bigger-than-expected 0.7 percent in April on the biggest drop in the manufacturing sector in nearly three years, the Federal Rese... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845865/ Thu, 15 May 2008 12:14:02 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14845865/ GIC says sub-prime crisis beginning to hurt Asian property markets SINGAPORE: The US sub-prime crisis has begun to hurt Asian property markets, the real estate investment arm of the Government of Singapore Investment Corporation (GIC) said at the FT Asia Property Sum... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841564/ Thu, 15 May 2008 10:44:21 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841564/ Asian stocks close mostly up on lower oil, easing credit crisis fears HONG KONG - Asian stocks closed mostly up Thursday with a clutch of markets hitting their highest levels in a number of months after oil prices fell and hopes grew that the financial crisis was waning... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841562/ Thu, 15 May 2008 10:44:02 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841562/ Momentum slows as Europe losses weigh At 1:10 pm, the Sensex was up 187 points at 17,165.44. The index touched a high of 17,277.12 and low of 17,079.94 in trade so far. Biggest index gainers were Reliance Communications (up 4.15%... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846923/ Thu, 15 May 2008 07:09:47 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846923/ Equities firm; RCom, L&T top Sensex gainers MUMBAI: Equities traded higher after reacting to weak opening of European markets. Realty and IT stocks were amongst the major gainers. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846920/ Thu, 15 May 2008 07:09:50 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846920/ Equities seen lower on weak global cues "We have a situation where crude oil is rapidly rising and the value of the rupee is deprecating at the same time. This not only adds pressure on crude imports for India, but also worsens the case ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846926/ Thu, 15 May 2008 07:09:45 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846926/ Citi India announces $1.5 million grant to ISB MUMBAI: Global financial services major Citi India on Thursday announced a $1.5-million (around Rs 6 crore) grant to Hyderabad-based Indian School of Business (ISB) to support projects that promote... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841763/ Thu, 15 May 2008 07:09:28 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841763/ Indices gain ground on banks, IT support MUMBAI: Indices were firm with banks, software services and capital goods in the forefront. The rally was fueled by positive global cues analysts said. Though concerns over industrial growth and ri... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846924/ Thu, 15 May 2008 07:09:46 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846924/ Finance Ministry rejects NTPC "There was a proposal by NTPC to approach capital market but Finance Ministry has rejected it last week," Minister of State for Power Jairam Ramesh told reporters on the sidelines of a conference o... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846921/ Thu, 15 May 2008 07:09:50 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14846921/ GLOBAL MARKETS-Asian stocks, dollar gain; Sony jumps 9 pct Germany's economy, the euro zone's biggest, grew 1.5 percent in the first three months of 2008 from the previous quarter, the strongest growth since 1996. The French economy grew a higher-than... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841560/ Thu, 15 May 2008 06:05:40 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14841560/ FOREX-Euro climbs, strong German GDP supports LONDON, May 15 (Reuters) - The euro jumped on Thursday after a surge in German economic growth to its fastest pace in 12 years and strong French GDP data, suggesting euro zone economies have held u... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838477/ Thu, 15 May 2008 04:51:50 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838477/ Shorts to check rise, Nifty in 4900-5100 range MUMBAI: The market is expected to add gains Thursday tracking the positive close in US Wednesday and rally in Asia today. However, build up of short positions in Nifty futures coupled with reductio... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838980/ Thu, 15 May 2008 03:59:36 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838980/ Sensex extends gains; L&T, BHEL support MUMBAI: Stocks opened higher Thursday, extending previous gains on the back of positive global cues. Shares of metals and capital goods led the early advance. At 10:05 am, the Bombay Stock Ex... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838979/ Thu, 15 May 2008 03:59:36 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14838979/ PetroChina and Hutchison rise Research ) rose 2.98 percent to HK$81.40 after Citigroup upgraded the ports-to-telecom conglomerate to buy from hold, saying Hutchison was turning the corner as its 3G business was expected to brea... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14835410/ Thu, 15 May 2008 01:48:05 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14835410/ Power Finance Corp to receive funding from IIFCL NEW YORK: India's state-run lender, Power Finance Corp Ltd <PWFC.BO>, will be given access to some funding from the India Infrastructure Finance Co Ltd (IIFCL), a top official said in an inte... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14834230/ Thu, 15 May 2008 00:57:46 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14834230/ Asian markets higher on U.S. inflation data Asian shares and the dollar rose on Thursday after investors welcomed benign U.S. inflation data as a sign the Federal Reserve will have more wiggle room to deal with the downturn in the world's ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14833527/ Thu, 15 May 2008 00:16:15 -0400 International Herald Tribune http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14833527/ Financials, exporters lift Tokyo stocks HONG KONG (MarketWatch) -- Asian stocks gained early Thursday, with exporters such as Toyota Motor Corp. and Sharp Corp., as well as financials such as Mizuho Financial Group, climbing after U.S. shar... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14830284/ Wed, 14 May 2008 22:17:33 -0400 Market Watch http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14830284/ Sensex gains 225 points on buying in IT, metal stocks The 30-share Sensex opened marginally lower than its previous close, before rising on the back of robust gains in stocks like TCS, Infosys Technologies, Wipro, Tata Steel and Hindalco Industries. A... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14833408/ Wed, 14 May 2008 22:02:48 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14833408/ UPDATE 4-Polar bears listed as US threatened species WASHINGTON, May 14 (Reuters) - Polar bears were listed on Wednesday as threatened under the U.S. Endangered Species Act because their sea ice habitat is melting away. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14829508/ Wed, 14 May 2008 19:52:05 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14829508/ SBI rejigs JV with GE Money, to take control of card biz MUMBAI: State Bank of India is overhauling its joint venture with GE Money. The bank has moved to have greater control over the credit card business while GE has been given the freedom to provide c... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14827359/ Wed, 14 May 2008 19:00:34 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14827359/ FOREX-Yen falls broadly after tame CPI data, stocks rise NEW YORK, May 14 (Reuters) - The yen eased broadly on Wednesday as a tame U.S. consumer inflation report for April boosted stocks and raised investor appetite for risk. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14825202/ Wed, 14 May 2008 16:50:44 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14825202/ UPDATE 5-Gold ends tad lower; physical buyers resurface NEW YORK/LONDON, May 14 (Reuters) - Gold finished slightly lower on Wednesday after rebounding from a one-week trough when the dollar dipped against the euro and amid demand for gold from jewelers ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14825201/ Wed, 14 May 2008 16:50:42 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14825201/ WRAPUP 2-US consumer prices edge up in April, energy steady WASHINGTON, May 14 (Reuters) - U.S. consumer prices rose less than expected in April as energy prices paused after their recent surge, easing inflation fears. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14820797/ Wed, 14 May 2008 13:41:10 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14820797/ Percept plans expansion to raise Rs 1500 crore Ajay Upadhyay, President-Corporate Affairs, said Wednesday: 'We are now set to enter the global stage and we will be partnering with strategic partners going forward. We have already raised Rs 150 ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821310/ Wed, 14 May 2008 12:46:31 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821310/ Moser Baer may list unit overseas in FY09 NEW DELHI: Optical storage maker Moser Baer India Ltd may list its photovoltaic unit overseas during the current financial year to raise money for expansion, its managing director said on Wednesday... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821309/ Wed, 14 May 2008 12:46:31 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821309/ Techs cheer rupee fall, propel Sensex 1% Bombay Stock Exchange's Sensex closed 225 points or 1.35 per cent higher at 16,978.35. From an initial low of 16,626.35, the index climbed to 17,014.94 ahead of the close. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821307/ Wed, 14 May 2008 12:46:29 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14821307/ Most Asian markets advance; China shares rebound as many quake zone companies resume trading The Associated Press May 14, 2008 - 8:10 a.m. BANGKOK, Thailand - Asian stock markets rose Wednesday as Tokyo's benchmark reached a four-month high and Chinese stocks rebounded from losses that came ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14818723/ Wed, 14 May 2008 11:35:30 -0400 General Sources http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14818723/ Toronto stocks climb, Royal Bank of Canada leads TORONTO, May 14 (Reuters) - The Toronto Stock Exchange's main index staged a modest rise early on Wednesday, with financial stocks leading the way after U.S. inflation rose only modestly last month... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14816950/ Wed, 14 May 2008 10:22:53 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14816950/ Kotak ETF backs Sensex; eyes Rs 35-40 cr corpus MUMBAI: Kotak Mahindra Asset Management Company is encouraging its investors to deploy a small percentage of their total funds in its third exchange traded fund offering, Kotak Sensex ETF. 'We ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817380/ Wed, 14 May 2008 09:28:45 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817380/ Nikkei rises to highest in 4 months TOKYO (AP) -- Japan's key stock index rose to its highest in four months Wednesday as investors welcomed the dollar's stability and upbeat earnings reports from telecommunications giant NTT and other ... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14813832/ Wed, 14 May 2008 09:30:05 -0400 CNN Money http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14813832/ Sensex up 250 pts; TCS, Infosys lead At 2:45 pm, the Sensex was up 252 points or 1.51 per cent at 17,005.03, making a high of 17,014.07. Major index gainers were Tata Consultancy Services (up 6%), Hindalco Industries (4.31%), In... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817381/ Wed, 14 May 2008 09:28:43 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817381/ Sensex gains ground with techs in lead Still, market participants said the steep slowdown in industrial output and rising inflation as crude oil remaining near $126 a barrel are likely to contain the rise. At 1:25 pm the Sensex was... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817383/ Wed, 14 May 2008 09:28:42 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14817383/ FOREX-Dollar firms as inflation moves into focus Inflation is the major focus on both sides of the Atlantic, as the Bank of England releases its quarterly inflation report at 0930 GMT before the U.S. consumer price index at 1230 GMT. http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14813181/ Wed, 14 May 2008 06:54:30 -0400 Reuters http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14813181/ IL&FS Investsmart to launch financial services for NRIs MUMBAI: IL&FS Investsmart, which offers wealth management services to individuals and corporate in India, is planning to extend its offering to non-resident Indians. The investment arm of IL&am... http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14811449/ Wed, 14 May 2008 05:49:45 -0400 Economic Times http://story.indiagazette.com/index.php/ct/9/cid/ce9cf98a4a863704/id/14811449/