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M Govinda Rao: Fiscal stimulus at the state level now Monday, January 5, 2009 @ 10:22PMOne area where a fiscal stimulus package still needs to be worked is at the state level. The New Year has begun with yet another instalment of monetary stimulus from the RBI and fiscal stimulus from the Government of India.
(AFX UK Focus) 2009-01-06 03:47 JGB futures slump on Treasuries, auction eyed Monday, January 5, 2009 @ 10:19PMBy Rika Otsuka
FIIs begin with a bang, but market players see limited buying Monday, January 5, 2009 @ 10:19PMSensex rally may be short-lived due to poor third quarter results. Continuing their December buying spree, foreign institutional investors (FIIs) have begun the New Year with fresh buying in Indian markets even though experts feel that the current rally is likely to be short-lived.
(AFX UK Focus) 2009-01-06 03:48 JGB futures slump on Treasuries, auction eyed Monday, January 5, 2009 @ 10:19PMBy Rika Otsuka
Bond yield drops to four-year low, recovers Monday, January 5, 2009 @ 10:17PMMassive profit-selling leads to the bounce-back. Trading in government bonds began on a euphoric note in response to the aggressive interest rate cut by the Reserve Bank of India and the government’s financial stimulus package.
US dollar dips after hitting one-month high Monday, January 5, 2009 @ 10:15PMThe US dollar slipped against the yen, paring sharp gains made yesterday on expectations that a planned US stimulus package would help the faltering economy.
Korean Won Rises as Foreign Investors Buy Shares; Bonds Advance Monday, January 5, 2009 @ 10:05PMJan. 6 (Bloomberg) -- South Korea’s won rose, reversing earlier losses, as gains in local stocks encouraged foreign investors to increase purchases of local equities. Government bonds advanced.
Should Patients Be Told of Better Care Elsewhere? Monday, January 5, 2009 @ 9:53PMThe quality of cancer care at different hospitals is uneven and raises thorny questions about what informed consent should mean.
JGB futures slump on Treasuries, auction eyed Monday, January 5, 2009 @ 9:50PMTOKYO, Jan 6 (Reuters) - Japanese government bond futures slumped on Tuesday, the first full trading day of this year, as investors took their cue from a rise in Tokyo shares and an overnight drop in U.S. Treasuries.
NBK: Kuwait devalues national currency Sunday, January 4, 2009 @ 8:01AMNBK: Kuwait devalues national currency
Leader: Bond market to drop on Gaza news Sunday, January 4, 2009 @ 7:54AMThe investment house sees opportunities for capital gains in the next 12 months.
Bank of Korea to Focus on Growth, Ease Credit Squeeze (Update1) Sunday, January 4, 2009 @ 7:40AMJan. 4 (Bloomberg) -- The Bank of Korea said it will focus its monetary policy this year on supporting the sagging economy and improving access to credit.
UK & World News: Interest rate set to hit record low Sunday, January 4, 2009 @ 7:40AMInterest rates are set to hit a record low this week as the Bank of England grapples with a deepening recession.
Fed’s Evans Supports Stimulus, Sees ‘Sobering’ Debt (Update1) Saturday, January 3, 2009 @ 4:54PMJan. 3 (Bloomberg) -- Federal Reserve Bank of Chicago President Charles Evans said a large U.S. fiscal stimulus is “appropriate” yet “sobering,” given the “significant stress” facing the federal balance sheet.
Low interest regime to kick off with SBI cut Saturday, January 3, 2009 @ 4:45PMBanks led by State Bank of India (SBI) are set to lower deposit rates by over 50 basis points by the middle of the month, followed by a reduction in lending rates.
Bank of England may cut interest rates Saturday, January 3, 2009 @ 4:35PMThe Bank of England may soon cut interest rates on savings accounts to their lowest in its 315 years of operation due to the economy, experts say.Experts said the British bank will likely attempt to regain control of the spiraling economy in Britain by dropping interest rates below 2 percent or potentially even below 1 percent, The Daily Telegraph reported Saturday.The potential interest cuts ...
Federal loan sought for Indiana battery maker Saturday, January 3, 2009 @ 4:23PMNEW YORK (AP) - An Indiana company could benefit from a share of $25 billion in low-interest federal loans from the Department of Energy intended to spur development of fuel-efficient vehicles and components.
Britain looking at ‘new steps’ to encourage lending Saturday, January 3, 2009 @ 4:16PMLONDON: Fresh evidence of the severity of the credit squeeze has forced British finance minister Alistair Darling to consider new measures to get lending flowing again, The Times reported yesterday.
Weekly Treasury Update Saturday, January 3, 2009 @ 4:15PMThe dollar faced downward pressure over most of the week, falling against the euro, yen and Swiss franc, however ended Fridays’ trading session with mixed fortunes.
Bank of England may cut interest rates Saturday, January 3, 2009 @ 4:09PM LONDON, Jan. 3 (UPI) -- The Bank of England may soon cut interest rates on savings accounts to their lowest in its 315 years of operation due to the economy, experts say.
A Bear Saw Around the Corner Saturday, January 3, 2009 @ 3:31PMIn ?Mr. Market Miscalculates,? James Grant serves up an edifying anthology of his previously published work from his much-read industry publication.
Second bank bailout plans condemned Saturday, January 3, 2009 @ 3:12PMA second bank bailout has been condemned as the "worst possible option" as reports suggest more intervention is planned.
Negative thoughts Saturday, January 3, 2009 @ 9:42AMCould savings rates dip below zero if interest rates fall?
Dismal Dec. auto sales expected Saturday, January 3, 2009 @ 8:43AMNEW YORK (AP) — The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when automakers are expected to report another month of staggering sales declines.
Papademos Says ECB to ‘Act Appropriately’ in Slowdown (Update2) Saturday, January 3, 2009 @ 7:46AMJan. 3 (Bloomberg) -- European Central Bank Vice President Lucas Papademos said an economic recovery may not begin until next year and that policy makers have the scope to cut interest rates if inflation declines.
Report expected to reflect chilly auto sales Saturday, January 3, 2009 @ 7:18AMNEW YORK -- The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when automakers are expected to report another month of staggering sales declines. Many analysts are predicting the industry to report that U.S. ... - By DAN STRUMPF The Associated Press
Industry girds for chilling December U.S. sales report Saturday, January 3, 2009 @ 6:01AMThe good news for the auto industry in December came when General Motors and Chrysler got their government bailout. The bad news comes Monday, when automakers are expected to report another month of staggering sales declines in the United States.
Auto industry prepares for bad December sales report Saturday, January 3, 2009 @ 5:35AMAP Photo/David ZalubowskiThe discount pricing available is advertised on a placard placed on the side of an unsold 2008 Explorer at a Ford dealership in the west Denver suburb of Lakewood, Colo. Automakers are scheduled to report December and full-year...
Auto industry girds for chilling December sales report (1:24 p.m.) Friday, January 2, 2009 @ 4:09PM NEW YORK (AP) — The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when automakers are expected to report another month of staggering sales declines.
U.S. Offers $25B in Loans for Fuel-Efficient Tech Friday, January 2, 2009 @ 4:06PMThe Department of Energy is offering loan-interest loans for fuel-efficient and electric projects.
New York Times Tower Leaseback Plan May Disappoint (Update2) Friday, January 2, 2009 @ 4:05PMJan. 2 (Bloomberg) -- The New York Times Co. may have missed its chance to cash in on its Manhattan headquarters. The media company’s plan to raise up to $225 million by selling its portion of the 52-story skyscraper and paying rent to stay there may come too late, said Dan Fasulo , managing director at Real Capital Analytics, a real estate data service in New York.
Canadian Stocks Have Best Start Since 1977 on Commodity Rally Friday, January 2, 2009 @ 4:03PMJan. 2 (Bloomberg) -- Canadian stocks notched their best first day of the year since at least 1977 as commodity producers rallied from last year’s record drop on higher oil and metals prices and prospects that government spending will spur demand.
Despite manufacturing data, dollar edges higher against most major currencies to kick off 2009 Friday, January 2, 2009 @ 4:02PMThe dollar kicked off 2009 by gaining against most of the other major currencies as a spate of negative reports out of Europe counteracted
The deregulation of interest rates paid for external commercial borrowings (ECBs) may not bring much cheer to ... Friday, January 2, 2009 @ 3:59PMThe Reserve Bank of India today said that it would lift the cost ceiling on ECBs till June 2009, when the policy will be reviewed.
Despite manufacturing data, dollar edges higher Friday, January 2, 2009 @ 3:59PM(AP:NEW YORK) The dollar kicked off 2009 by gaining against most of the other major currencies as a spate of negative reports out of Europe counteracted decades-low U.S. manufacturing data.
India unveils a second economic stimulus plan Friday, January 2, 2009 @ 3:59PMNEW DELHI: India yesterday eased foreign borrowing by domestic firms and permitted additional liquidity for the non-banking sector to boost flagging growth in Asia’s third-largest economy.
AM Doha Time Friday, January 2, 2009 @ 3:58PMLONDON: The credit squeeze for British families and businesses looks set to intensify into 2009 despite unprecedented measures to re-capitalise the banking system and get lending flowing again, a survey showed yesterday.
Nationwide to stop passing on rate cuts Friday, January 2, 2009 @ 2:45AM Nationwide Building Society will not pass on any further interest rate cuts to the majority of its tracker mortgage customers, it said today.
Great unity will ensure VN achieves targets in 2009, PM Friday, January 2, 2009 @ 2:42AMHa Noi — In the course of implementing the Resolution of the 10th National Party Congress, 2008 was a pivotal year for the country’s five year socio-economic development plan (2006-2010), but the year witnessed very complicated and unlikely changes in Viet Nam and the world economy.
Mortgage rates fall to third straight record low Friday, January 2, 2009 @ 2:23AMWASHINGTON "" Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring.
Las Vegas faces an identity crisis amid recession Friday, January 2, 2009 @ 2:15AMThis is not just a place people are born and live. Las Vegas is an enterprise. It is a deal people enter, a set of givens agreed upon: More is better. Biggest is best. To live in Vegas is to stake your future on this enterprise -- for better or worse.
Australia manufacturing contracts for 7th mth in Dec Thursday, January 1, 2009 @ 5:37PMSYDNEY, Jan 2 (Reuters) - Australian manufacturing activity contracted for the seventh straight month in December, an industry survey showed on Friday, as weak demand both at home and abroad weighed on production.
TASE jumps 6% in week of war Thursday, January 1, 2009 @ 5:33PMTel Aviv stocks began the year 2009 with a roar, despite the rockets peppering the cities of southern Israel and the gloom in world financial markets.
Vallabh Bhansali Thursday, January 1, 2009 @ 5:32PMIndia’s capital markets will take a couple of quarters to revive, but equity still offers high potential as an investment class, , Enam group chairman, tells Business Standard.
Europe Europe shares close higher 29/12 20:11 CET Thursday, January 1, 2009 @ 5:24PMEuropean shares finished Monday up, led by energy producers and mining companies thanks to higher oil and metals prices, but many traders are away this week so volume was light.
Europe European stocks end higher 30/12 21:14 CET Thursday, January 1, 2009 @ 5:24PMEuropean shares finished up on Tuesday, but are still on track for huge losses this year. Trader Oliver Roth said: “All signs point to a rough performance in 2009, at least during the first half of the year. We will see that businesses will earn considerably less.
Retail sales hit a high Down Under Thursday, January 1, 2009 @ 5:20PMAustralian retailers may have record post-Christmas sales as lower borrowing costs and government stimulus packages spur consumer demand, according to the industry’s peak representative body.
Unwinding of carry trades triggers yen’s surge Thursday, January 1, 2009 @ 4:57PMThe yen soared and the pound was hammered in a year of exceptional volatility for international currency markets.
Australia, New Zealand Dollars Rise Versus Yen on Risk Appetite Thursday, January 1, 2009 @ 4:52PMJan. 2 (Bloomberg) -- The Australian and New Zealand dollars rose against the yen as gains in commodities fostered optimism governments will succeed in reviving global economic growth next year, restoring appetite for the nations’ higher-yielding assets.
Stimulus, low fuel price buzz boosts Sensex Tuesday, December 30, 2008 @ 8:51PMThe Sensex gained for the second day today to touch the highest in a week on optimism that any government measure to lower fuel prices and unveil a stimulus package will boost a slowing economy.