Historically it has been observed that mid- and smallcap stocks rally to unreasonable heights when the rally in frontline companies nears its end. And, market players pointed out, usually this is the time when gullible investors step in to the market and lose their money. Some self-proc…
Continue reading...Asian markets mostly rise on strong Intel results
Alex Kennedy, Associated Press Writer, On Wednesday April 14, 2010, 5:13 am SINGAPORE (AP) — Stocks mostly rose in Asia on Wednesday on investor optimism that better-than-expected first quarter results from Intel Corp. will usher in a strong corporate earnings season. Singapore&#…
Continue reading...Markets to remain closed on 14-04-10
Markets to remain closed tomorrow (14-04-10) on account of Dr. Babasaheb Ambedkar Jayanti …
Continue reading...Eurozone nations offer euro30 billion loans to Greece
Robert Wielaard, Associated Press Writer, On Sunday April 11, 2010, 12:59 pm BRUSSELS (AP) — Desperate to halt the Greek debt crisis that has hammered the euro, fellow eurozone governments tossed it a financial lifeline Sunday, saying they would make euro30 billion in loans availa…
Continue reading...SEBI bans 14 insurance company’s from selling ULIPs
Market regulator SEBI has banned 14 major insurance companies from raising money from the public for any unit-linked insurance products (ULIPs), fueling a fresh war between SEBI and insurance watchdog IRDA, reports CNBC-TV18’s Avni Raja. The 14 companies are SBI Life, ICICI Prudent…
Continue reading...Cabinet nod to SAIL divestment
The Cabinet Committee on Economic Affairs (CCEA) today approved disinvestment in Steel Authority of India Ltd (SAIL) to mop up an estimated Rs 16,000 crore. This is in line with the government’s disinvestment plan to raise Rs 40,000 crore in 2010-11 and will be followed by disinvestme…
Continue reading...Stock markets correct on Greek worries
By Justin Carrigan and Stuart Wallace Greek bonds dropped, sending the yield premium over German debt to the widest since the euro’s inception, and stocks tumbled on speculation that the bailout of Europe’s most indebted nation will unravel. The yen rallied. The Greek 10-year sprea…
Continue reading...Lowenstein: Thanks to Greenspan and Bernanke, The Next Crisis Could Be “Even Scarier”
Posted Apr 07, 2010 10:05am EDT by Peter Gorenstein in Investing, Newsmakers, Banking, Politics Related: Alan Greenspan is on Capitol Hill today testifying in front of the Financial Crisis Inquiry Commission. The former Federal Reserve Chairman Alan Greenspan has come under increased s…
Continue reading...No relief in sight for oil companies
The surge in crude oil prices is projected to more than double the losses of oil marketing companies to Rs 98,000 crore and force the government to seriously consider a hike in petrol and diesel prices. Upstream companies such as ONGC will also take a hit due to the strengthening of the …
Continue reading...Job openings rise in several sectors in February – Wall Street
Job openings rise in retail, manufacturing, other sectors in February; layoffs also drop WASHINGTON (AP) — Job openings rose in several sectors of the economy in February, including retail, manufacturing, transportation, restaurants and hotels, the Labor Department said Tuesday. …
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