Wednesday, January 4, 2012

China trade surplus at $160 billion in 2011

China trade surplus at $160 billion in 2011


China trade surplus at $160 billion in 2011

Posted: 04 Jan 2012 09:38 PM PST

The latest figures, down from a trade surplus of $183 billion in 2010, came as key Western markets struggle to emerge from the global economic downturn.


Rupee recovers early losses

Posted: 04 Jan 2012 09:33 PM PST

The rupee erased early losses and was stronger on Thursday, helped by a firmer stock market, although traders said dollar demand from oil importers could limit gains.


Auto Expo 2011: Maruti unveils SUV XA Alpha

Posted: 04 Jan 2012 08:45 PM PST

The 11th Auto Expo kicked off on Thursday with the country's largest car maker Maruti Suzuki unveiling its compact SUV XA Alpha as the company aims to enter into newer segments.


Sensex recovers by 70 points

Posted: 04 Jan 2012 08:16 PM PST

The BSE benchmark Sensex recovered by over 70 points in early trade on Thursday on selective buying by funds and retail investors.


Asia stocks mixed after flat Wall Street trading

Posted: 04 Jan 2012 07:44 PM PST

Asian stock markets were mixed early on Thursday, following flat trading on Wall Street as renewed worries over Europe's banking system and a strong yen weighed on investor sentiment.


Govt makes hallmarking of gold compulsory

Posted: 04 Jan 2012 11:48 AM PST

To protect consumers from unscrupulous jewellers, the government on Wednesday approved a proposal making hallmarking of gold mandatory.


Direct tax kitty grows 14.5% in Apr-Dec

Posted: 04 Jan 2012 11:43 AM PST

Official data released by the finance ministry on Tuesday showed direct tax receipts went up by 14.5% to Rs 3.96 lakh crore in the April-December 2011 period, spurring hopes that the government maybe able to meet its Budget target of raising Rs 5.32 lakh crore for 2011-12.


Portability drives health cover innovation

Posted: 04 Jan 2012 11:41 AM PST

Health insurance market has become competitive following the introduction of portability which allows customers to switch companies without losing their "no-claim" benefits.

Hexaware, valued at $700m, up for sale

Posted: 04 Jan 2012 11:29 AM PST

First, the denial. Hexaware Technologies says there's no question of a sell-out. But the speculation refuses to die.


Govt puts off PSU selloff via buyback

Posted: 04 Jan 2012 11:27 AM PST

The Union Cabinet on Wednesday deferred a decision on a proposal to raise Rs 40,000 crore from divestment of PSU stakes through buyback and other modes following inter-ministerial differences over the matter.


Boeing to close Wichita facility by end of 2013

Posted: 04 Jan 2012 08:55 AM PST

The Boeing Co. has told its employees that it plans to close its massive defense plant in Wichita before the end of 2013 in a bid to cut costs in a tight market for defense spending.


Ford India to roll out EcoSport

Posted: 04 Jan 2012 06:14 AM PST

Global auto major Ford on Wednesday said it will invest USD 142 million at its Chennai plant in India to manufacture a new compact sports utility vehicle named EcoSport.

Ford India to roll out EcoSport

Posted: 04 Jan 2012 06:14 AM PST

Global auto major Ford on Wednesday said it will invest USD 142 million at its Chennai plant in India to manufacture a new compact sports utility vehicle named EcoSport.


Easing euro zone inflation boosts rate cut hopes

Posted: 04 Jan 2012 05:30 AM PST

Euro zone inflation eased from last year's peaks of 3.0 percent in December, the first sign of a fall in price growth this year that analysts expect will create room for more interest rate cuts to help the weakening economy.


Rupee up by 26 paise against dollar

Posted: 04 Jan 2012 05:11 AM PST

Rupee today gained 26 paise to close at more than a week's high of 52.95/96 against the US currency on sustained dollar selling by exporters amid signs of fresh capital inflows.


Dollar ends cheaper against rupee

Posted: 04 Jan 2012 04:40 AM PST

The US dollar ended cheaper against the rupee at Rs 52.95/96 per dollar.


Sensex down 57 points on profit booking

Posted: 04 Jan 2012 03:39 AM PST

In volatile trade today, the Bombay Stock Exchange benchmark Sensex fell 57 points as investors booked profits after a sharp upsurge in the last two sessions, and weak global markets.


Gold gains Rs 225, silver up Rs 1600

Posted: 04 Jan 2012 02:39 AM PST

Gold prices rose further by Rs 225 to Rs 28,120 per 10 grams, while silver spurted by Rs 1,600 to Rs 53,200 per kg in the bullion market here today on increased offtake.


Asia Oil Swaps-Fuel oil spreads over 3-year high

Posted: 03 Jan 2012 10:25 PM PST

Asia's fuel oil time spreads extended gains across the entire 12-month forward curve on Wednesday, with the first five months' contracts strengthening by nearly a dollar or more, as tight supplies spelt a bullish start to the new year.


Shares choppy on profit-taking

Posted: 03 Jan 2012 09:23 PM PST

Shares seesawed on Wednesday as profit-taking emerged after a two-day rally propelled the main index up more than 3 percent.


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