India Gazette
IndiaGazette.com Friday 4th July 2008 Issue 1534
Front Page Asia Markets News
Asian Markets Mixed In Midday Trade; Nikkei Threatens To Stretch Losing Streak To 12 Days


Add to My Yahoo!
HONG KONG, CHINA: Asian markets were mixed Friday (4 July) as investors digested uneven readings on the U.S. economy and more record oil prices. Japan headed for its 12th straight day of losses. ...


Formaspace Technical Furniture Expands into Asian Markets
Formaspace Technical Furniture, a custom workbench manufacturer based outside of Austin, TX, has expanded its operations in Asia with strong partnerships in several major cities. Hutto, TX...


HK shares up 1.1 pct with Chinese banks leading
HONG KONG, July 4 (Reuters) - Hong Kong shares were up 1.1 percent by midsession on Friday, led by strong gains in Chinese banks after industry leader Industrial & Commercial Bank of China ...


Asian stocks slip as oil hovers near record
HONG KONG -- Asian stocks slipped on Friday as record high crude oil prices threatened to jeopardize earnings and curb consumer spending, with the uncertain economic outlook following US jobs data...


Asian Markets Trading Mixed as Oil Stubbornly Holds Near Record High
(RTTNews) - The major Asian markets are trading on a mixed note on Friday following a mixed performance of Wall Street shares overnight and a continued surge in oil prices. The Japanese market...


Asian markets mixed in midday trade
- Asian markets were mixed Friday as investors digested uneven readings on the US economy and more record oil prices. Japan headed for its 12th straight day of losses.Indonesia's main index rebounded...


Asian markets mixed; Nikkei down 41pts
The Hang Seng has advanced 149 points to 21,392. The Nikkei has slipped 41 points to 13,225. The Taiwan Weighted index has shed 46 points at 7,348. While the Straits Times index has moved up 12...


Asian markets mixed in early trading
HONG KONG (MarketWatch) -- Asian markets were mixed early Friday, with Japanese indexes wavering between positive and negative territories as gains in energy producers such as Inpex Holdings...


Nikkei 225 moves in a range as region mixed
HONG KONG (MarketWatch) -- Asian markets were mixed Friday, with Sydney shares rising as high crude-oil prices lifted resource firms such as BHP Billiton, while Samsung Electronics Co. and Hynix...


Rising US dollar may lift Asian markets
Close this SYDNEY -- Asian shares may open firmer on Friday, with exporters such as Japan's Honda Motor Co. likely to gain as the yen weakened against the dollar. The dollar rallied on Thursday after...


Scenarios for Market Development Including Case Studies of Key Asian Markets
DUBLIN, Ireland — Research and Markets (http://www.researchandmarkets.com/research/1de284/mobile_proximity_p) has announced the addition of the "Mobile Proximity Payments: Scenarios for...


Reliance Money launches in Saudi Arabia
MUMBAI: Reliance Money, a unit of financial services company Reliance Capital Ltd, said on Thursday that it had launched a joint venture in Saudi Arabia as it seeks to expand its international...


More Firms Pull Asian I.P.O.
Two more firms shelved plans for initial public offerings in Asia, adding further gloom to a market which recently showed signs of a revival after a dismal start to the year. The news comes on the...


HK shares close down 2.1 percent led by financials
HONG KONG, July 3 (Reuters) - Hong Kong's shares closed 2.1 percent lower on Thursday at a fifteen week low, losing close to over 800 points over two straight sessions as financial stocks and...


Nikkei sets longest losing streak in half century
TOKYO - The Nikkei share average dipped 0.2 percent on Thursday to set its longest losing streak in more than half a century as worries about high oil prices and the global economy hit exporters such...


Japan stocks likely to be weak, uncertainty weighs
TOKYO - Japanese stocks are likely to slide on Thursday, heading for an 11th straight day of losses -- a losing streak unseen since 1954 -- with growing fears about the global economy likely to...


HK shares off lows on China Mobile, CNOOC gains
HONG KONG, July 3 (Reuters) - Hong Kong stocks eked out a small gain on Thursday after opening 1.5 percent lower, helped by a late morning rally by index heavyweights China Mobile ...


Taiwan to Let Funds Invest More in China Stocks
Taiwan's cabinet announced a plan on Thursday to raise the amount of assets that Taiwan mutual funds can invest in China stocks, the latest in a series of measures to further improve trade ties with...


Nikkei falls in longest losing streak in 54 years - Summary
Tokyo - Tokyo stocks ended lower Thursday with the Nikkei index extending its losing streak to 11 days, the longest in 54 years, on worries over the US economy. The Nikkei 225 Stock Average fell...


Asian Markets Falter As Japan
HONG KONG, CHINA: Asian markets faltered again Wednesday (2 July) as Japan's main stock index fell for the 10th straight day _ its longest slide since 1965. The benchmark Nikkei 225 index sank 1.3%...


Asian markets in red; Nikkei flat
The Hang Seng has slipped 193 points to 21,511. The Nikkei is down nine points at 13,277. The Taiwan Weighted index has plunged 131 points to 7,223. The Straits Times index has shed 26 points at...


Steel, shipping stocks sink on oil, inflation worries
HONG KONG (MarketWatch) -- Asian markets fell sharply Thursday, as worries about surging crude-oil prices and the impact of inflation on regional economies hurt stocks across the board, hitting...


HK shares seen falling further as oil surges
HONG KONG, July 3 (Reuters) - Hong Kong shares are expected to slip lower on Thursday as crude oil prices continue to barrel through new records and concern over the U.S. economy peaked on ...


REFILE-UPDATE 2-HK shares at 3-mth low after Cathay warning
HONG KONG, July 2 (Reuters) - Hong Kong shares fell 1.8 percent to a three-month low on Wednesday, with investors anticipating more profit warnings from listed companies after Cathay Pacific...


HK shares fall on inflation, rate hike concerns
HONG KONG, July 2 (Reuters) - Hong Kong shares shed 1 percent on Wednesday, buckling under inflationary pressures from record oil prices and anticipation of rate hikes in the United States and...


Hong Kong to reintroduce gold futures trading
NEW YORK (MarketWatch) - In a response to growing local and international interest in gold trading, the Hong Kong Futures Exchange said Wednesday it will reintroduce gold futures trading on its...


ADAG enters Saudi financial services sector
NEW DELHI: Overseas financial services business is the new target of Indian firms. Reliance-ADAG is picking up 26% stake with management control in a full-fledged financial services company in...


BoR hikes lending, deposit rates
Similarly, the bank also revised its Retail prime lending rate from 9.25 per cent to 9.5 per cent, which will cause a corresponding hike in BoR's floating home loan rates under 'Apna Ghar Scheme'...


Asian markets close lower on worries about higher oil, U.S. economy
(RTTNews) - The stock markets across the Asia-Pacific region closed lower Wednesday, despite moderate gains posted by Wall Street overnight. Crude oil prices continued to remain higher in Asian trade...


Nikkei index in longest slide since 1965
Nikkei index falls for 10th straight session -- its longest slide since 1965 Shares fell Wednesday as investors remained jittery ahead of U.S. data Japanese carmakers slump following release of U.S....


Bumi raises private equity investment of Rs 40 cr
MUMBAI: Bumi Geo Engineering Pvt Ltd, a geo engineering company serving the infrastructure sector, has raised a private equity investment of Rs 40 crore from Alcazar Capital Holdings...


Asian currencies mostly down on inflation jitters
SINGAPORE -- Most Asian currencies fell on Wednesday, with the Philippine peso hitting a nine-month low, on fears that inflationary pressures in the region would significantly impair growth....


Nikkei hits longest losing streak in 43 years
By Aiko HayashiTOKYO (Reuters) - The Nikkei average fell 1.3 percent on Wednesday to hit its longest losing streak in more than 40 years, as worries about the global economy hit exporters such as...


Asian markets mixed; Nikkei down 131pts
The Hang Seng has dropped 263 points to 21,838. The Nikkei has slipped 131 points to 13,332. The Taiwan Weighted index has moved up 13 points to 7,421. The Straits Times index is up seven points at...


Nikkei Stretches Its Decline To 10th Session
By V. Phani Kumar Most Asian markets endured another day of declines Wednesday on worries about the health of the U.S. economy and a threat to the regional economies from rising inflation....


FOREX-Dollar falls against euro as ECB decision approaches
NEW YORK, July 1 (Reuters) - The dollar fell against the euro and was little changed against the yen on Tuesday in a volatile session as investors debated the outlook for the U.S. economy while...


Citi tops foreign league with 100% profit rise
MUMBAI: Even as the subprime crisis batters Citi globally, its Indian operations have doubled profit for the year ended March 31, 2008. The bank reported a net profit of Rs 1,804 crore against Rs...


FOREX-Yen rises amid higher risk aversion, stock rout
NEW YORK, July 1 (Reuters) - The yen rose broadly on Tuesday, benefiting from mounting risk aversion as heightened fears of further losses in the banking sector and global stocks prompted...


Gold soars 2 percent as oil spikes higher
LONDON (Reuters) - Gold spiked up more than 2 percent in Europe to a 10-week high on Tuesday as rising oil prices fuelled buying of the precious metal as an inflation...


Rel Money not to pursue Dubai stake sale offer
NEW DELHI: Anil Ambani Group firm Reliance Money today said it has been approached by Dubai Mercantile Exchange for picking up a stake in the bourse, but the company has decided not to pursue the ...


DHFL hikes prime lending rate by 50 bps
NEW DELHI: Dewan Housing Finance Corporation Ltd (DHFL), India's second largest private sector housing finance company, on Tuesday announced a 50 basis point hike in its retail prime lending rate...


Farmers loan worth Rs 144 crore waived in Nagpur district
NAGPUR: The crop loan of 67,330 farmers to the tune of Rs 144 crores have been waived off in Nagpur district and fresh crop loans of Rs 55 crores have been disbursed through banks, Collector...


05 Asian markets lower on inflation concerns after oil price spike - UPDATE
SINGAPORE (Thomson Financial) - Asian markets were lower on Tuesday due to heightened concerns about inflation after crude oil prices soared to a fresh record above $143 a barrel overnight. ...


Gloomy day on Asian markets
2008/07/01 MOST Asian markets fell yesterday as Japanese stocks sank for an eighth day and China’s market wrapped up a dismal month in which its most- watched index fell 20%. ...


Tokyo higher after tankan; oil shares hurt Sydney
profile ) confirmed Tuesday that it has agreed to a 96.5% price increase for high-grade iron ore from Rio this fiscal year, in line with a benchmark that had been set by China's Baosteel earlier...


Asian markets mixed; Nikkei up 45pts
begin ZEDO for channel: bs_kotak_300x250_230608 , publisher: Business Standard , Ad Dimension: Medium Rectangle - 300 x 250 --> end ZEDO for channel: bs_kotak_300x250_230608 , publisher: Business...


ADVISORY-Hong Kong financial markets closed July 1
.HSI closed Monday 0.3 percent higher at 22,102.01 points, but finished down 20.5 percent in the January-June period, marking its worst half-year performance in 14 years. (Reporting by Parvathy...


Gold steadies near 5-week high, dollar weighs
SINGAPORE, July 1 (Reuters) - Gold held steady on Tuesday, hovering near its highest level in five weeks hit the previous day, but a rebound in the dollar could put pressure on...


FOREX-Dollar rises vs euro as second quarter concludes
NEW YORK, June 30 (Reuters) - The U.S. dollar gained against the euro on Monday as traders bought back the U.S. currency as the second quarter ends, though losses in the euro were limited ahead of...


Worries drive ASX down
Australian shares slipped 0.4 per cent today, posting their worst financial year performance in 26 years, as investors continued to fret about the impact of record oil prices on company profits and...