Germany’s market regulator announced a ban Tuesday on so-called naked short-selling of eurozone government debt and shares of major financial companies, a move that came as European officials seek to strengthen control of markets. The regulator, BaFin, said the ban — which wa…

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ABB, a global power and automation technology group, will offer shareholders of ABB Ltd, its listed subsidiary in India, Rs 900 per share to increase stake in the company to 75 per cent from the present 52.1 per cent. The aim is to facilitate the long-term development of ABB’s busin…

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Aban Offshore, India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning $358,000 dollars or about a crore and a half r…

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The country’s two major exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), will keep a special window open for trading in Gold ETFs (exchange traded funds) on ‘Akshaya Tritiya’ day on May 16. Historically, gold sales surge on ‘Akshaya Tritiy…

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The Bombay Stock Exchange (BSE) has announced Live Trading Session this Sunday, May 16, 2010, on auspicious occasion of Akshaya Tritiya. As per the BSE release, In continuation to our Notice No. 20100513-3 on the captioned subject, we are pleased to announce that in response to market fe…

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Meaning Open Interest also know as OI, is the total number of options and futures contracts that are not closed on a particular day. As you might be aware of volume in a particular stock in equity market, option trading involves the creation of a new option contract when a trade is place…

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Trades between FIIs generated a volume of Rs 396 crore on the BSE Monday-an increase of 282.18% from Rs 104 crore clocked on Friday. As many as six stocks witnessed trades of 39 lakh shares on Monday. Union Bank Of India was traded at highest premium of 5.14% on BSE with 2,100 shares cha…

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EU sets up massive euro750 billion eurozone/IMF defense package to protect euro against markets Raf Casert and Elena Becatoros, Associated Press Writer, On Sunday May 9, 2010, 10:10 pm BRUSSELS (AP) — The European Union and the International Monetary Fund pledged a massive nearl…

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Stocks fell sharply in afternoon trade, with all three U.S. indexes briefly down 6% or more. The Nasdaq was down more than 9% earlier as worries about Greece’s debt issues mounted. The Dow Jones Industrial average fell 8.8% its biggest percentage drop since 1987. In Toronto the S&…

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Problems with Greek debt are about to spread to other countries and could infect the US unless the nation tackles its own mounting problems, Pimco’s Mohamed El-Erian told CNBC About an hour or so after El-Erian spoke, global stocks sold off sharply with major US averages shedding m…

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