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STock Market 

(27-04-2011)
  • Strong dollar benefits rubber-based manufacturers
    KUALA LUMPUR: Rubber glove and condom counters on Bursa Malaysia continue to outperform the whole stock market by about 40 per cent, despite their share prices having settled quite a bit for the past week. For the past two months, the drastic strengthening of the US dollar against the ringgit had enhanced the appeal of rubber glove-makers counters such as Hartalega Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd including that of condom manufacturer Karex Bhd. The rubber sector's cost strategy remains largely intact thanks to protracted weakness in global rubber and petroleum prices and strong US dollar, the currency they are quoted and sold. With no change in electricity prices until end 2015 and growing global demand for the medical device, rubber glove players should be in good position to go on delivering good results in the second half of this year.More

  • Exclusive: Carlyle looks to sell Landmark Aviation for $1.7 billion

    A general view of the lobby outside of the Carlyle Group offices in WashingtonCarlyle initially looked at cashing out of Landmark via a stock market listing, but in the past few months has broadened out that process to include a possible outright sale. Two of the sources said that Landmark Aviation's earnings before interest, taxes, depreciation and amortization (EBITDA) were around $170 million over a trailing 12-month period. Representatives for Landmark Aviation did not immediately respond to a request for comment.


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  • Exclusive - Carlyle looks to sell Landmark Aviation for $1.7 billion - sources

    A general view of the lobby outside of the Carlyle Group offices in WashingtonPrivate equity firm Carlyle Group LP has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion (1 billion pounds), including debt, people familiar with the matter said on Friday. Carlyle initially looked at cashing out of Landmark via a stock market listing, but in the past few months has broadened out that process to include a possible outright sale. Two of the sources said that Landmark Aviation's earnings before interest, taxes, depreciation and amortization (EBITDA) were around $170 million over a trailing 12-month period.


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  • Calm on Wall Street: A turbulent week ends on a placid note

    Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange, Friday, Aug. 28, 2015. U.S. stocks are opening slightly lower after a sharp two-day surge, as the stock market closes out a wild week. (AP Photo/Richard Drew)Well, that was exciting.


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  • Wall Street ends flat in quiet end to dramatic week

    Traders work on the floor of the New York Stock Exchange shortly before the closing bell in New YorkBy Noel Randewich Aug 28 (Reuters) - Wall Street ended a tumultuous week with a flat close on Friday as investors shrugged off concerns that a September rate rise was more likely than some investors expected. Shares traded lower earlier in the session after Fed Vice Chairman Stanley Fischer told CNBC the Fed had not yet decided whether to raise interest rates in September. After several volatile sessions that at one point pushed the S&P 500 to its lowest level since October 2014, the three major U.S. indices ended the week with gains.


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  • Fed vice chair in spotlight as markets seek rate hike clues

    FILE - In this Wednesday, Oct. 22, 2014, file photo, Federal Reserve Vice Chairman Stanley Fischer listens during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington. Fischer said Friday, Aug. 28, 2015, that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. (AP Photo/Susan Walsh, File)WASHINGTON (AP) — What once seemed a sure bet — that the Federal Reserve would raise interest rates in September — suddenly appears less certain following a wild week of stock market turbulence.


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  • Autos lift U.S. consumer spending; sentiment slips

    Heavy traffic jam on New York's 2nd Avenue builds up during the United Nations General Assembly in New YorkBy Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year. While other data on Friday showed consumer sentiment dipped in August, likely as households fretted over a recent stock market sell-off, confidence remained at levels consistent with solid consumer spending growth. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.3 percent last month after a similar gain in June.


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  • Angry Birds maker's float seen less likely despite mobile games growth
    By Liisa Tuhkanen LONDON (Reuters) - The often touted but regularly delayed stock-market listing of Rovio, creator of the hugely popular "Angry Birds" mobile game, could be even more di...More

  • A Q&A with Wall Street's top psychiatrist on market turmoil

    This photo courtesy of Richard Peterson shows Peterson posing for a portrait. Peterson is CEO of MarketPsych, a firm that applies research from behavioral science to financial markets. MarketPsych's computer programs attempt to gauge the market's mood by scanning news and Twitter and other social media. (Photo courtesy of Richard Peterson via AP)NEW YORK (AP) — When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets.


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  • Q&A about this week's market turmoil in China and beyond

    FILE - In this Tuesday, Aug. 25, 2015, file photo, Chinese investors monitor stock prices at a brokerage house in Beijing. Volatility in Chinese stocks roiled global markets this week, showing how big and closely-watched China's market has become - and reminding investors that stock markets can and do swing wildly. (AP Photo/Mark Schiefelbein, File)BEIJING (AP) — With the Chinese stock market turmoil that incited global panic abated — at least for now — here are some questions and answers about it, as well as lessons to learn:


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  • China's central bank likely to ease policy again by end-December: Reuters poll

    A Chinese national flag flutters outside the headquarters of the People's Bank of China in BeijingThe People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid pressure from a global stock market rout and massive outflows from its markets. The median from a snap survey of around 20 economists showed there is a 80 percent chance of a further cut in the reserve requirement ratio (RRR) by end-December, while the chance for a reduction in the lending and deposit rates stood at 70 percent.


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  • Key Apple suppliers seeking stake in Taiwan chip packaging firm

    The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei cityIphone assembler Hon Hai Precision Industry Co Ltd will buy a 21 percent stake in Siliconware Precision Industries Co Ltd (SPIL), both firms said on Friday, days after another Taiwan-based Apple Inc supplier also said it wanted to buy into the chip packaging firm. The rivalry over SPIL, the industry's third-largest packager, comes as companies in the chip industry seek to overcome the technological challenges raised by the Internet of Things, where everyday products are monitored and controlled online. In a joint stock market filing with SPIL, Hon Hai, the world's largest contract electronics maker, said it would buy the 21 percent stake in SPIL via a share swap.


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  • How the Government Is Rolling Over for Big Banks Again
    Last week I wrote about the dangers of vacant seats at the financial regulatory agencies. Bloomberg reported this week that regulators are privately discussing giving the biggest Wall Street firms a break on rules guarding against excessive leverage. Just looking at the Chinese stock market crash, fueled by “margin trading” funded through borrowing, reveals the hazards of excessive leverage.More

  • French payments firm Ingenico submits WorldPay bid - sources
    LONDON/PARIS (Reuters) - French payments company Ingenico has submitted a bid for UK firm WorldPay, two sources familiar with the matter said on Friday. WorldPay is heading for a London stock market flotation in autumn that could value the firm at around 6 billion pounds ($9.24 billion), but has been targeted by several private equity firms and rival firms. Shares in Ingenico fell 4.3 percent to 115.7 euros following an earlier report by Sky News. Ingenico was not immediately available to comment. WorldPay declined to comment. ...More

  • Canada's economy: 5 reasons not to panic

    Canada's economy: 5 reasons not to panicNews of plummeting oil prices, the struggling stock market and a loonie that recently dipped below the 75-cent US level for the first time in more than a decade have Canadians on edge and fearful for their futures, as economists debate whether this country is in a recession.


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  • Factbox - Timeline of China's attempts to prevent stock market meltdown
    The Chinese government has taken unprecedented steps since late June to stave off a crash in its stock markets, which have plunged 38 percent since mid-June on concerns over the slowing economy and an unexpected devaluation of the yuan in mid-August. For market reports, please click [.SS][.SSEC] ** June 27 (Saturday) - The People's Bank of China (PBOC), the central bank, cuts interest rates and trims banks' required reserve ratios (RRR) in a move widely interpreted as mainly a step to support the slumping stock market. ** June 29 - The state-backed provider of margin financing, China Securities Finance Corp, publicly says that the risk of margin trading is controllable and margin calls are relatively small.More

  • China stocks rise sharply on signs of fresh government support

    An investor looks at an electronic board at a brokerage house in BeijingChina stocks surged on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. China's local pension funds will start investing 2 trillion yuan ($313.05 billion) as soon as possible in stocks and other assets, senior government officials said on Friday. China's surprise currency devaluation in mid-August and a survey showing deteriorating factory activity helped trigger a savage selling spree which at one point drove stocks down more than 20 percent within a week.


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  • Tokyo stocks surge more than 3% on global rebound

    Asia stocks staged another rally in early trade on August 28, 2015, taking heart from strong US growth figures to cement a recovery, with Tokyo leading the gainsTokyo shares soared over 3.0 percent on Friday, extending gains from a day earlier after strong US data sent Wall Street flying and fuelled a global rally that saw a surge in Chinese equities.


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  • Bid target Bwin.Party sees first half earnings rise
    Bwin.Party, the online gambling firm at the centre of a bidding war between rivals 888 and GVC Holdings (Other OTC: GMVHF - news) , posted a 2 percent rise in first-half earnings on Friday. Bwin, up for sale since last year, accepted a 900 million pound ($1.39 billion) cash and stock offer from 888 in July but on Thursday asked bid rival GVC to table its best offer after key issues in its latest 1.03 billion pound proposal on Aug. 7 were addressed. Bwin said on Friday cost savings had helped lift adjusted core earnings for the six months to June 30 to 47.3 million euros, slightly ahead of analyst forecasts of 45.4 million euros, adding it remained confident on its full-year outlook.More

  • China stocks extend rebound but banks lose steam; Hong Kong up on Wall Street rally

    An investor holds a fan as she looks at stock information on an electronic board at a brokerage house in ShanghaiChina stocks rose on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. China also announced that local pensions funds will start investing 2 trillion yuan ($313.05 billion) as soon as possible in stocks and other assets.


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