Asian markets mixed before key EU summit |
- Asian markets mixed before key EU summit
- Quick-service restaurants buck slowdown
- HSBC to sell stakes in Axis, Yes banks
- 'Affordable power is cornerstone of growth'
- Stimulus buzz back after Pranab exit
- HSBC selling stakes in Axis Bank, Yes Bank
- Ford to close Philippines plant
- Re falls by 13 paise to all-time closing low
- Rupee falls on oil demand
- Sensex advances 61 points
- Gold, silver tumble on weak global cues
- Spain recession seen deepening in Q2
- Banks strengthen India captive centres
- Kingfisher Airlines' shares tank 13%
- Sensex gains; power, IT stocks up
- Sensex regains 17k level; up 122 pts
- Rupee lower on oil USD demand, euro
| Asian markets mixed before key EU summit Posted: 27 Jun 2012 08:29 PM PDT Asian markets were mixed on Thursday with a positive lead from Wall Street offset by low expectations of a breakthrough at a key EU summit to resolve the spiralling eurozone debt crisis. 
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| Quick-service restaurants buck slowdown Posted: 27 Jun 2012 06:02 PM PDT The food sector, especially quick-service restaurants (QSRs) that operate in the value-for-money segment. 
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| HSBC to sell stakes in Axis, Yes banks Posted: 27 Jun 2012 05:31 PM PDT HSBC's sale of shares in Axis Bank and Yes Bank are part of the UK major's strategy to divest stakes in banks and other companies in which it has stakes. 
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| 'Affordable power is cornerstone of growth' Posted: 27 Jun 2012 05:27 PM PDT This should be music to the ears of the government, which has been pilloried by domestic investors and global rating agencies for policy paralysis, tardy reforms and slowing growth. 
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| Stimulus buzz back after Pranab exit Posted: 27 Jun 2012 05:26 PM PDT Within 24 hours of Pranab Mukherjee's exit from North Block, the cabinet secretary has got into the act to stimulate economic activity, amid the gloom of a slowdown and complaints of policy paralysis. 
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| HSBC selling stakes in Axis Bank, Yes Bank Posted: 27 Jun 2012 07:45 AM PDT UK lender HSBC(HSBA.L) on Tuesday offered its entire stakes in Axis Bank (AXBK.NS) and Yes Bank (YESB.NS) through share sales worth up to 24.5 billion rupees, according to a term sheet obtained by Reuters. 
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| Ford to close Philippines plant Posted: 27 Jun 2012 07:41 AM PDT US automaker Ford will close its plant in the Philippines next year, the company said Wednesday. 
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| Re falls by 13 paise to all-time closing low Posted: 27 Jun 2012 06:33 AM PDT The rupee today weakened 13 paise to close at 57.15, the all-time closing figure recorded on June 22, on sustained month-end dollar demand from oil importers amid a firm US currency overseas.M 
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| Posted: 27 Jun 2012 05:29 AM PDT The rupee fell on Wednesday, staying near record lows, as oil importers stepped up their dollar purchases at the end of the month, while caution ahead of a European Union Summit sapped demand for risk currencies. 
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| Posted: 27 Jun 2012 04:20 AM PDT The Sensex today rose by 61 points, led by metal and power stocks, amid expectations of more economic reforms in view of Prime Minister Manmohan Singh himself taking over the additional charge of finance ministry. 
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| Gold, silver tumble on weak global cues Posted: 27 Jun 2012 03:23 AM PDT Gold and silver, today tumbled on reduced offtake by stockists and jewellers at existing higher levels amid a weak trend overseas. 
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| Spain recession seen deepening in Q2 Posted: 27 Jun 2012 02:32 AM PDT Spain's economy will contract at a faster rate in the second quarter than in the first three months of the year, economic indicators suggest, the Bank of Spain said in its monthly bulletin published on Wednesday. 
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| Banks strengthen India captive centres Posted: 27 Jun 2012 01:45 AM PDT Most captives of multinational banks are expanding their footprint in the country, and what's more, they are undertaking sophisticated proprietary work. 
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| Kingfisher Airlines' shares tank 13% Posted: 27 Jun 2012 01:16 AM PDT Shares of Kingfisher Airlines tumbled over 13 per cent on Wednesday following reports that lessors have taken back 34 aircraft due to non-payment of lease rentals. 
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| Sensex gains; power, IT stocks up Posted: 27 Jun 2012 12:40 AM PDT The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange, which opened at 16,975.76 points, was trading at 16,994.55 points around 12.30pm. 
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| Sensex regains 17k level; up 122 pts Posted: 26 Jun 2012 09:58 PM PDT The BSE benchmark Sensex today regained the psychological 17,000-level by rising over 122 points in early trade on increased buying by funds and retail investors amid covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment. 
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| Rupee lower on oil USD demand, euro Posted: 26 Jun 2012 09:08 PM PDT Rupee was under pressure in early trade on Wednesday as traders expect month-end dollar demand from state-run oil refiners and a weaker euro, but losses may be kept in check by higher stocks. 
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