Thursday, August 27, 2009

NEWS @ 27-08-2009

Bernanke may redefine Fed mission

Ben S Bernanke’s renomination allows him to redefine the Federal Reserve’s mission as he expands its power over financial markets and pulls back on a credit surge the central bank used to keep the economy from ...


But some of the shrewdest institutional investors remain sceptical and urged investors to be cautious. Mark Tyndall, chief executive of Artemis Investment Management, said: "The bull market will last only if there's ...

The yen rose for a third day against the euro in the longest stretch of gains since July on concern Chinese production curbs would slow economic recovery, fanning demand for the relative safety of Japan’s ...

China Studies Curbs on Overcapacity in Steel, Cement

Ironic timing on this story considering the one posted previous to this. Metallurgical coal stocks have been big out performers of late based on the strength of China. Ironic that China is now admitting it has overcapacity in this ...


How Not to Supervise a Broker

Who says the Citi never sleeps? ...

“Despite the rally in Indian markets, we believe fundamentals and liquidity are likely to support higher valuations,” Suresh Mahadevan, an analyst at UBS said in a note to clients yesterday. UBS expects stocks ...

Five of the 10 respondents to a Reuters Asset Allocation Poll conducted between August 19 and August 27 said India's benchmark index could see a correction in three months. Four of them said it could drop ...

The ongoing spat between the Ambani brothers over the pricing of natural gas will negatively impact domestic capital markets and the larger interests of industry and government, finance minister ...

The talk of greenshoots of recovery in Indian economy is not being supported by the credit offtake in the banking industry ...

It looks like Reserve Bank of India (RBI) is preparing the Indian financial market participants, consumers and the economy to be ready for a shift from the easy monetary policy stance ...

If your bank does not have an ATM close to your house, you may now want to walk an extra mile to find it because starting October, you will be charged for using another bank's ATM ...

With the drought situation across the country becoming grim each day, finance minister Pranab Mukherjee on Wednesday said the situation was difficult but not insurmountable ...

The Central Board of Direct Taxes ( CBDT) has directed re-opening of all cases under the search and seizure label, income-escaping assessments and deductions claimed from profits and gains on all eligible businesses ...

India plans to cut transaction costs for exporters and ensure the availability of dollar finance as it looks to reverse a decline in exports and double outbound sales of goods and services over the next five years ...

"The Cabinet Committee on Infrastructure approved the proposals for induction of supercritical technology through bulk ordering for 11 units of 660 MW each by NTPC and DVC," Urban Development Minister ...

State-run NTPC signed a power purchase agreement (PPA) with Chhattisgarh State Power Distribution Company. Power will be supplied from NTPC's Korba Super Thermal Power Station Stage-III of 500 Mw ...
"The biggest thing I want to do for the investors is to double our return on equity in three years time," she said, but with a caveat that it was not a forward looking statement but a target she had set for herself and her ...

The government today turned down a demand for imposition of safeguard duty on imports of certain steel and aluminium products saying the domestic industry is not being hurt by imports ...

Tata Steel Ltd aims to rationalise operations in Europe and optimise cost effectiveness, its chairman said on Thursday, after the company posted a surprise consolidated loss in the June quarter ...

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