|
Aussie $ unfazed by soggy stocks; life high on euro SYDNEY/WELLINGTON: The Australian dollar bounced on Wednesday after drawing steady demand below 91 US cents, helping it withstand losses in Asian stocks which dragged on its New Zealand neighbour.
Pension and mutual funds, exporters, central banks and speculators were all said to be buying the Australian dollar when it lurched below $0.91 in the past 24 hours, keeping it well supported at $0.9160 in late trade. ... |
|
|
|
|
|
|
|
|
Sensex extends gains amid choppy trade MUMBAI: Indian shares retreated from a fresh 31-month high to end Wednesday 0.1 per cent higher, supported by continued foreign fund interest in the country's long-term growth story. However, trade was choppy as world equities fell on fresh concerns about the health of European banking system. ... |
|
|
|
|
|
|
|
|
KSE selects top 25 cos KARACHI: Karachi Stock Exchange (KSE) has finally selected top 25 companies for the year 2009 on the basis of comprehensive criteria including dividend payout, return on equity, compliance with listing regulations, and good corporate governance. ... |
|
|
|
|
|
|
|
|
FTSE edges up on energy stocks LONDON: Energy stocks led by BP pushed Britain's top shares higher on Wednesday, outpacing falls in banks which were weighed down by European recovery concerns. The FTSE 100 closed up 21.92 points, or 0.4 per cent, at 5,429.74. ... |
|
|
|
|
|
|
|
|
Wall Street jumps after Europe banks shares bounce US stocks mid-day
NEW YORK: US stocks rose on Wednesday as worries about Europe's banking system decreased, easing risk aversion. The Dow Jones industrial average was up 71.41 points, or 0.69 per cent, at 10,412.10. The Standard & Poor's 500 Index was up 9.43 points, or 0.86 per cent, at 1,101.27. The Nasdaq Composite Index was up 24.13 points, or 1.09 per cent, at 2,233.02. ... |
|
|
|
|
|
|
|
|
Nikkei plunges 2.2pc on rising yen TOKYO: Nikkei average dropped more than two per cent on Wednesday as the yen's advance to a fresh 15-year high against the dollar extinguished an upbeat mood gained from last week's better-than-expected economic data.
A revival of concerns over European banks and uncertainty over the political situation in Japan added to the dour mood. ... |
|
|
|
|
|
|
|
|
Financials, steelmakers weigh Shanghai down HK bucks 5-day winning streak
HONG KONG/SHANGHAI: Hong Kong stocks snapped a five-day winning streak on Wednesday as shares of China Mobile tumbled after Vodafone sold its stake in the world's largest mobile carrier at a discount. ... |
|
|
|
|
|
|
|
|
German data signal rebound intact but slowing BERLIN: A surprise fall in exports and near-zero growth in industry output in July suggested on Wednesday that the German industrial juggernaut may slow somewhat after building up record momentum earlier this year.
Data from the Federal Statistics Office showed exports, the main driver in Germany's rebound, fell by 1.5 per cent from June, while imports shrank by 2.2 per cent, adjusted for seasonal swings. ... |
|
|
|
|
|
|
|
|
Japan econ to show moderate growth TOKYO: Japan's economy is set to stay on a moderate recovery trend and the chance of a double-dip recession is fairly slim despite recent sharp gains in the yen that are likely to hurt exports, a monthly Reuters poll shows.
Growth, however, is expected to slow in the final quarter of this year and into January-March next year as the effects of government stimulus, such as tax benefits for energy-efficient cars, fade. ... |
|
|
|
|
|
|
|
|
UK output recovers in July after oil rig dip LONDON: British manufacturing output maintained a healthy pace of growth in July and industrial output recovered from a dip caused by an early start to oil rig maintenance in June, official data showed on Wednesday.
The figures, which were fully in line with expectations, confirm a picture of a strong rebound in manufacturing after heavy losses in the recession of 2008-09, with the strongest annual growth in more than 15 years. ... |
|
|
|
|
|
|
|