India Gazette
IndiaGazette.com Thursday 9th February 2012 Issue 040/2012
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State Reserve to buy sugar
A total of 500,000 tons of white sugar will be collected and added to the national reserve this year, the Ministry of Commerce said yesterday.The government will offer a base price of 6,550 yuan...


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Appliance program sales down
Both sales revenue and volume of home appliances sold under the "home appliances to rural areas" program declined in January due to changes to items included in the policy as well an early...
Alipay to stop online account recharge through credit card
China's leading online payments company Alipay yesterday stopped the service of recharging accounts with credit cards, a move to comply with a new draft regulation on online payments. "The...
Domestic gasoline, diesel prices up
The country raised the ceiling for retail prices of gasoline and diesel by 3 to 4 percent to record high levels effective yesterday because of soaring international crude oil prices, a reflection of...
Asian stock markets dipped with Greek debt impasse
: Asia's major stock markets were mostly lower on Tuesday, tracking overnight losses on Wall Street, with investors retreating after Greece again failed to cut a deal on tackling its debt...
UPDATE 1-Indigo profit falls on lower margins
TORONTO Feb 8 (Reuters) - Indigo Books & Music Inc reported lower quarterly earnings on Wednesday as discounts on print books and higher sales of low-margin e-readers pushed down gross profit...
FOREX-Euro edges lower as Greek talks transfix
NEW YORK, Feb 8 (Reuters) - The euro edged slightly lower against the U.S. dollar after hitting a two-month high on Wednesday as investors awaited firm signs Greece will reach a deal on a second...
CANADA FX DEBT-C$ ends little changed; traders watch Greek talks
TORONTO, Feb 8 (Reuters) - Canada's dollar ended little changed against its U.S. counterpart on Wednesday with the currency stuck in a tight trading range as investors awaited resolution on a...
Broad rise in futures on positive outlook
Chinese commodity futures rose broadly Wednesday on a surging stock market after several positive economic news items and policy announcements fueled speculation that more monetary loosening was on...
Oil refiners lead market rally on fuel price hikes
Oil refiners led a strong market rally Wednesday following the announcement of a rise in the retail price of gasoline and diesel. The benchmark Shanghai Composite Index rose 2.43 percent, or 55.63...
China offloads short-term Japan bonds
China sold a net 4.02 trillion yen ($52.21 billion) of short-term Japanese government bonds (JGBs) with maturity of less than one year in 2011, up nearly tenfold from the 430 billion yen it sold the...
Shanghai stock indices close up -- Feb. 8
China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,347.53 points on Wednesday, up 55.63 points, or 2.43 percent, from the previous close. A Share Index:...
Taiwan stocks close 2.11% higher
Taiwan's share prices closed higher Wednesday with the weighted index up 162.47 points, or 2.11 percent, to close at 7,869.91, according to news reaching here from Taipei. The local bourse...
Asian Banks Pony Up As UK Lenders Pull Back
Bank of Ayudhya (BAY) for $112 million and may also be ready to offload its Japanese retail operation. Its stated goal is to get out of retail banking in markets where it doesn’t have...
Euro Higher on Positive Greek Headlines; Nikkei 225 Pushes above Psychological Levels at 9000
The Euro moved higher last night against most of the majors as markets were encouraged by the latest headlines out of Greece. Tuesday's meeting session for the Greek government resulted in...
Fannie Mae, Freddie Mac 2012 bill sale calendar
Feb 8 (Reuters) - The following is a list of scheduled U.S. agency bill sales from Fannie Mae and Freddie Mac for 2012. Freddie Mac said 3-month and 6-month bills will be auctioned every week. In ...
Hong Kong shares hit 6-month high, Shanghai strong too
HONG KONG, Feb 8 (Reuters) - Hong Kong shares hit a six-month high on Wednesday and Shanghai's benchmark closed at its highest since Dec. 2 following a slew of Beijing policy moves ahead of...
Chinese oil majors lead Hong Kong, China shares higher
HONG KONG, Feb 8 (Reuters) - Hong Kong and Chinese shares rose on Wednesday, lifted by mainland oil majors after Beijing raised fuel prices for the first time in 10 months, but gains were capped...
Hong Kong shares set to open up 0.6 pct, seen rangebound
HONG KONG Feb 8 (Reuters) - Hong Kong shares were set to open higher on Wednesday, lifted by Chinese financials and oil majors, but gains could be limited ahead of China January data later this...
PRECIOUS-Gold consolidates gain as Greece lifts euro
London, Feb 8 (Reuters) - Gold was steady on Wednesday, fairly close to recent 11 week highs and taking a cue from the euro's march to a two month peak as investors bet that Greece would...
DIARY - MidEast/African holidays to December 2012
REUTERS DIARY OF MIDDLE EAST/AFRICAN HOLIDAYS Double-click in brackets for Americas holidays , Asian holidays and European holidays Alternatively click on to retrieve dates by country. Please...
ChiNext Index ends up -- Feb. 8
Posted on February 08, 2012 16:14 The tuberculosis prevalence rate in Cambodia has seen a 36 percent decline in the last decade, according to a new survey released on...
Asian Markets Trade Higher
(RTTNews.com) - Asian stock markets are trading higher on Wednesday with investors indulging in some cautious buying amid hopes of a solution to the Greek debt crisis. However, with no big triggers...
Asian Stock Markets Are Up, Japanese Automakers Are Surging
U.S. markets on Tuesday. Japan's Nikkei is up 0.6%. Korea's Kospi is up 0.7%. Australia's S&P/ASX is up 0.2%. The stock market leaders are the Japanese automakers, which are...
Hang Seng up 0.60pc at open
(02-08 09:29) Hong Kong stocks opened 0.60 percent higher after gains on Wall Street sparked by reports that Greece was nearing a bailout deal to avoid defaulting on its debt. The benchmark Hang...
Nikkei ends above 9,000 for first time in 3 mths
Nikkei share average closed above the 9,000-mark for the first time in three months on Wednesday, boosted by a better-than-expected profit outlook...
Nikkei vaults 9,000 for first time in 3 months
* Nikkei ends above 9,000 for first time since late October * Toyota gains 5 pct in heavy volume * Chipmakers surge on news of likely major industry realignment * SMFG, MUFG hits multi-month...
Poland - Factors to Watch on Feb 8
Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Wednesday. ALL TIMES GMT (Poland: GMT + 1...
EURO GOVT-Bunds slip as hopes of a Greek deal live on
Greek parties will try yet again on Wednesday to strike a deal in return for a new international rescue after a string of delays which have prompted some EU leaders to warn that the euro zone can...
CORRECTED-Shanghai shares slip below chart support, torpedo Hong Kong gains
HONG KONG, Feb 7 (Reuters) - China shares suffered their biggest daily loss in more than three weeks on Tuesday after hopes for a cut soon in bank reserve requirements were doused, with the...
PRECIOUS-Gold tests $1,750 as Greece buys more time
* Euro zone uncertainty to underpin gold sentiment * Gold-silver ratio drops to three-month low * Spot gold could fall to $1,729.51 - technicals * Coming Up: Greece's decision on rescue...
Australian dollar cracks $US1.08 barrier
The Australian dollar has hit a seven-month high above 108 US cents after the Reserve Bank of Australia's (RBA) surprise move to keep the official interest rate on...
Japan stocks rise, with Toyota lifting car shares
+0.55% added 0.7% to trade at 8,975.71, while the broader Topix advanced 0.6%. Toyota posted a drop in quarterly profit late Tuesday but also raised its full-year earnings target, with the news...
Asia Markets: Asia stocks rise, with car makers gaining
SYDNEY (MarketWatch) -- Asia markets moved higher Wednesday, with sentiment helped by progress toward a Greek debt deal, and with car makers among the notable gainers after Toyota Motor Corp. hiked...
Australian Dollar Outlook - 02/08/2012
Australia: Yesterday was one of the more interesting days we have had in financial markets for some time and goes to show "it ain't over til it's over". The Reserve Bank of...
Nikkei hits fresh 3-month high, Toyota jumps
yen , which offset worries after Greek leaders delayed a decision yet again on unpopular terms of a new European bailout. The benchmark Nikkei gained 0.7 percent to 8,981.03, hitting a fresh...
Manappuram Finance plunges 20%; corporate governance in question
KOCHI/MUMBAI: Manappuram Finance, the second-biggest lender against gold, plunged 19.96% as investors worried about its ability to continue sourcing funds and questions were raised...
Australian dollar cracks US$1.08 barrier
The Australian dollar has hit a seven-month high above 108 US cents after the Reserve Bank of Australia's (RBA) surprise move to keep the official interest rate on hold.The local currency was...
Australian dollar above 108 US cents
interest rate on hold.The Australian dollar was trading at 108.04 US cents at 0932 AEDT on Wednesday, its highest level since the beginning of August.The rise follows the RBA's decision on...
Hong Kong shares seen in narrow range, China plays in focus
HONG KONG Feb 8 (Reuters) - Hong Kong shares could start higher on Wednesday, with Chinese banking, property and energy stocks in focus after a slew of measures announced by Beijing, but gains...
Oil prices rising again
China will raise the retail prices for gasoline and diesel by 300 yuan ($47.53) per ton starting today, the National Development and Reform Commission said in a statement yesterday.The latest price...
PBC calls for banks to offer more credit to home buyers
China's banks must ensure adequate credit for first-home buyers, the People's Bank of China (PBC) said in a statement yesterday, the first explicit call to support more generous lending...
Capital outflows not excessive: regulator
China has not witnessed a massive capital outflow and the change in the balance of the country's foreign exchange revenue and spending is in line with the government's macro policy tuning...
Nation to fight against EU emission plan
China will take measures to defend itself against a EU airline emissions fee scheme, the Foreign Ministry said yesterday. The remarks came a day after China banned its airlines from joining the...
Broad fall in futures on dip in stocks and uncertainty over Greece deal
Chinese futures fell broadly Tuesday as concern over the unfinished Greek austerity negotiations and a fall in the domestic stock market weighed on prices.The most active copper contract on the...
Markets slip as hopes for RRR cut dashed
Shanghai and Shenzhen markets plunged sharply Tuesday as hopes of a near-term cut in the banking reserve requirement ratio (RRR) dimmed.The benchmark Shanghai Composite Index ended down 1.68 percent,...