Nri Communication

 
News Topics
NDTV PHOTOS
bussiness economy
Personal Finance
Sports
Entertainment
NDTV RSS Test
Portal and SEO
New News
STock Market
Personal Technology
Property Education
Latest News
STock Market 

(27-04-2011)
  • Wall Street rebounds on hopes of Greece deal

    A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New YorkGreece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. The European Commission made its final push to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before. "We are looking at some sort of a bounce from yesterday's sharp decline," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.


    More

  • Wall Street opens higher on Greek deal hopes

    Traders work on the floor of the New York Stock Exchange in New YorkREUTERS - U.S. stocks opened higher on Tuesday on hopes of a last-minute deal to avoid Greece's exit from the euro zone. The Dow Jones industrial average rose 83.46 points, or 0.47 percent, to 17,679.81, the S&P 500 gained 12.25 points, or 0.6 percent, to 2,069.89 and the Nasdaq Composite added 38.84 points, or 0.78 percent, to 4,997.31. (Reporting By Sudarshan Varadhan; Editing by Saumyadeb Chakrabarty)


    More

  • South Africa's Assore expects FY earnings drop on weaker prices
    South African iron ore and manganese producer Assore said on Tuesday its full year earnings are expected to be up to two thirds lower after the dollar prices for its commodities fell during the period. Earnings will fall to between 1.227 billion rand and 1.5 billion for the year through June from 4 billion rand in the previous year, the company said in a statement.More

  • India's InterGlobe Aviation, operator of IndiGo, files for IPO

    Indigo Airlines' ground staff stand next to an aircraft after it arrived at the Srinagar airportIndia's InterGlobe Aviation Ltd, which operates the country's biggest airline IndiGo, on Tuesday filed a draft prospectus for an initial public offering to list on the domestic stock market. InterGlobe Aviation said in a statement the initial public offering would include fresh equity of up to 12.7 billion rupees ($199.64 million) and the sale of up to 30.15 million shares by some of its shareholders.


    More

  • Wall Street set to open higher on hopes of Greece deal

    Traders work on the floor of the New York Stock Exchange in New YorkWall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. The European Commission made its final push to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before.


    More

  • S&P says Japan's Sharp in 'selective default'

    In May Sharp announced it was cutting 10 percent of its 49,000 positions worldwide as part of a turnaround plan intended to keep it afloat after posting a bigger-than-expected $1.86 billion annual lossTroubled Japanese electronics maker Sharp is in "selective default" ratings agency S&P said Tuesday, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, instead of repaying loans that were due. "Once a debt-for-equity swap that we define as a default is completed, we review the company's post-swap credit profile and raise the issuer credit rating from 'SD' as swiftly as possible, in accordance with our criteria.


    More

  • MIDEAST STOCKS-Saudi slides on weak petrochemicals
    DUBAI, June 30 (Reuters) - Saudi Arabia's stock market continued falling in early trade on Tuesday, led by petrochemicals, which sagged as the Greek debt crisis weighed on oil prices. The main Saudi stock index slid 1.3 percent, heading for its third straight daily fall, as the biggest petrochemical producer, Saudi Basic Industries, dropped 1.4 percent. Miner Ma'aden, another blue chip which has been hit hard in the market's retreat, fell 1.5 percent. But Saudi Ground Services, which listed last Thursday after an initial public offer at a price of 50 riyals per share, climbed 7.5 percent to ...More

  • China fund association seeks to rally confidence as stocks tumble
    China's fund association on Tuesday sought to rally confidence as the country's stock markets tumbled, by saying the falling prices presented valuable buying opportunities if hedge fund managers made rational investment decisions. "Confidence is more important than gold," Asset Management Association of China (AMAC) said in a statement on its website. China's stock market has seen wild swings over the past two weeks, with panic selling by investors knocking the Shanghai Composite Index down over one fifth from its June 12 high.More

  • Global equity market deals top $500 billion but banker fees fall

    The dollar sign is seen alongside the signs for other currencies above a currency exchange shop in Mongkok shopping district in Hong KongBy Freya Berry and Elzio Barreto LONDON/HONG KONG (Reuters) - Money raised in global equity capital markets rose in the first half of the year to top $500 billion, but bankers' fees fell as secondary share sales supplanted lucrative stock market listings as the dominant deals. The rise in secondary sales was partly down to private equity funds taking the opportunity to sell down stakes in companies that floated last year, following the expiration of "lock-up" periods when shares cannot be sold, analysts said. Initial public offerings (IPOs) had reigned supreme in the first half of last year, but they dropped by 18 percent to $96.8 billion in the same period of 2015, Thomson Reuters data showed on Tuesday.


    More

  • S&P lowers Greece sovereign credit rating

    The silhouette of a man using a mobile phone is seen on a Greece flag during a pro-Greece protest in BarcelonaStandard & Poor's Ratings Services lowered its sovereign rating on Greece to 'CCC minus' from 'CCC', saying the probability of Greece exiting the eurozone was now about 50 percent. A Greek official told Reuters on Monday the country would not pay a 1.6 billon euro loan instalment due the International Monetary Fund on Tuesday. S&P said according to its assessment Greece would likely default on its commercial debt during the next six months.


    More

  • N.Y. financier ordered to pay ex-employee $18 mln in harassment case
    A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million to a former employee for sexual harassment and defamation. The two-week civil trial in New York drew lurid headlines in the city's tabloids, pitting a young Swedish woman against a Wall Street financier 20 years her senior. Jurors found in Bouveng’s favor on sexual harassment, retaliation and defamation claims but rejected her allegations of assault and battery.More

  • Greek financial crisis: what you need to know
    At one point, as part of an angry war of words between some of the main participants, European Commission head Jean-Claude Juncker said he felt "betrayed" by the way the Greek government had handled this last stage of the negotiation, in particular by "unilaterally" turning the problem over to a referendum. This latest crisis results from the recent history of severe austerity measures, a Tuesday deadline to repay or extend two huge loans from the European Central Bank and the International Monetary Fund, and now, in the wake of failed negotiations, a Greek referendum on the loan conditions, a referendum that could lead to a potential Greek exit from the euro. The Greek stock market was closed today, and Greek banks are closed until July 6 with cash withdrawals limited to 60 euros (roughly $84 Cdn) a day to try to stave off a run on bank reserves.More

  • Wall Street falls as Grexit fears grow, volatility spikes

    Traders work on the floor of the New York Stock Exchange in New YorkU.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. The crisis worsened after a Greek government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday. The Dow Jones Industrial Average turned negative for the year.


    More

  • Why Greek Debt Drama Could End Market Tranquility
    The Greek debt drama, which first started in early 2010, is coming to a head now as Greek Prime Minister Alexis Tsipras has called for a popular referendum on the latest bailout proposal from the European establishment and the International Monetary Fund, throwing the country's position within the Eurozone into jeopardy. The pressure is building: On Sunday, the European Central Bank decided to put a freeze on its liquidity support for Greek banks. Since the Federal Reserve unleashed its QE3 bond buying program in 2012, the Bank of Japan launched "Abenomics," the European Central Bank finally initiated its bond buying stimulus and the People's Bank of China began to actively support a stock market bubble, global financial markets acted as if nothing would ever bother them again.More

  • Greek crisis behind Indian stock market fall, says expert
    Mumbai, June 29 (ANI): Market expert Sunil Shah on Monday blamed the financial crisis in Greece for the Indian stock market losses, adding that no country today can insulate itself from a financial crisis in another nation. The Greece issue is getting serious, leading to a drastic fall in many Asian markets," Shah told ANI. Today, no country can insulate itself from a financial crisis in another country," he said.More

  • S&P 500 to break higher, end year up 7 percent:Reuters Poll

    A street sign for Wall Street hangs in front of the New York Stock ExchangeMarket reaction to higher interest rates and the response to whether Greece defaults on its debt were cited by many as the main market catalysts for the rest of this year. The median forecast of nearly 50 strategists polled by Reuters in the past week showed the S&P 500 rising to 2,202 by year-end. While the Federal Reserve is expected to raise interest rates for the first time in almost a decade in the coming months, many strategists think its approach will be measured, allowing stocks to keep moving higher.


    More

  • Wall Street opens lower as Greek crisis deepens

    Traders work on the floor of the New York Stock Exchange in New YorkREUTERS - U.S. stocks opened sharply lower on Monday as Greek bailout talks failed, raising concerns that the country could exit the euro zone. The Dow Jones industrial average fell 88.71 points, or 0.49 percent, to 17,857.97, the S&P 500 lost 13.58 points, or 0.65 percent, to 2,087.91 and the Nasdaq Composite dropped 59.20 points, or 1.17 percent, to 5,021.31. (Reporting By Sudarshan Varadhan; Editing by Saumyadeb Chakrabarty)


    More

  • Greek People Bear Brunt Of Bailout Failure

    Greek People Bear Brunt Of Bailout FailureOn Sunday evening, as night fell, a storm passed, just as news filtered out of the government’s decision. When this round of negotiations began to secure the last disbursement of bailout cash, few imagined a day when enforced bank holidays and the closure of the Athens stock market would be considered necessary. But now the Stability Committee has deemed it prudent to prevent too much cash from ebbing out of the Greek banking system after the European Central Bank decided not to raise the level of its assistance.


    More

  • Wall Street set to open lower as Greek crisis worsens

    Traders work on the floor of the New York Stock ExchangeThe European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing. "What the Greek government is doing is almost unprecedented for developed nations," said Adam Sarhan, chief executive of Sarhan Capital in New York. Greece faces default if it does not repay 1.6 billion euros ($1.8 billion) to the International Monetary Fund on Tuesday.


    More

  • Stock markets slump as Greece mulls euro 'suicide' in referendum
    Japan's Nikkei and Hong Kong's Hang Seng indexes shed 600 and 700 points, respectively — almost three per cent of the value of each stock market. Greek Prime Minister has said the country will not make a payment it owes to the IMF by then, and will instead wait to decide what to do until after the results of a referendum on the issue next weekend.More