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  • Apache, Santos Seek to Revive Australian Gas Project (Update2) Wednesday, January 7, 2009 @ 2:46AMJan. 7 (Bloomberg) -- Apache Corp. and Santos Ltd. are seeking to revive a A$900 million ($651 million) natural gas project in Australia after signing an accord to sell the fuel to an iron ore venture proposed by Citic Pacific Ltd.
  • Venezuela’s Chavez Scraps U.S. Heating Oil Program Wednesday, January 7, 2009 @ 2:45AMJan. 5 (Bloomberg) -- Venezuelan President Hugo Chavez, under pressure to maintain domestic social programs as his country’s oil income falls, ended a three-year-old program that provided heating oil to low-income households in the U.S.
  • WCT falls as analysts cut forecasts Wednesday, January 7, 2009 @ 2:45AMWCT Bhd, whose US$1.3 billion contract to build a Dubai racetrack was canceled last week, fell for a second day in Kuala Lumpur trading as analysts cut earnings forecasts at the Malaysian engineering company.
  • Madoff Losses and Austria?s ?Woman on Wall St.? Wednesday, January 7, 2009 @ 2:45AMSonja Kohn made few friends gathering billions for Bernard L. Madoff from wealthy investors in Russia and across Europe. Now she?s dropped out of sight.
  • Stocks gain despite bad news Wednesday, January 7, 2009 @ 2:40AMNEW YORK -- Wall Street brushed off more bad economic news Tuesday to finish with a moderate advance that left broad stock indexes at their highest levels in two months.
  • Wall Street Close: Stocks Finish Moderately Higher on Fed Minutes Tuesday, January 6, 2009 @ 10:23PMWall Street brushed off more bad economic news Tuesday and finished with a rally that left stocks at their highest levels in two months.
  • Wall Street gains on recovery hopes Tuesday, January 6, 2009 @ 10:22PMNEW YORK: US stocks rose modestly on Tuesday, lifted by gains overseas and as sentiment was buoyed by hopes that emergency government measures will pull the global economy out of recession.
  • Saving Social Security With Stocks Tuesday, January 6, 2009 @ 10:22PMGetting the biggest bank out of one trillion bucks requires investing the money into the stock market.
  • Market set to find support at 3,100 Tuesday, January 6, 2009 @ 10:21PMThe Nifty opened on a positive note, faced resistance at 3,150 and received support at 3,060. However, despite a V-shape recovery in the last hour of trade, the Nifty closed with modest losses.
  • American Capital, Brunswick, Dow, Vasco: U.S. Equity Movers Tuesday, January 6, 2009 @ 10:21PMJan. 6 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York.
  • Alcoa to slash 13,500 jobs and cut production Tuesday, January 6, 2009 @ 10:20PMNEW YORK (Reuters) - Aluminum producer Alcoa Inc said on Tuesday it will curtail metal production by about 18 percent and cut some 15,200 jobs to save cash and reduce costs as it seeks to counter the impact of the global economic downturn.
  • MCX may launch electricity futures Tuesday, January 6, 2009 @ 10:20PMPower producers and consumers may soon have a new hedging tool in the form of electricity futures as Multi Commodity Exchange (MCX) is readying itself to launch the product, and is expecting regulatory approval for the same shortly. The MCX spokesperson was not available for comment.
  • NAVs of India-centric realty funds fall over 90% on AIM Tuesday, January 6, 2009 @ 10:20PMEven as investors raise issues about management moves of London’s Alternative Investment Market (AIM)-listed realty funds, net asset values (NAVs) of such India-focussed realty entities have fallen as much as 90 per cent in the last one year.
  • Corporate News: Plan to extend trading hours threatened by continued volatility Sunday, January 4, 2009 @ 2:21PMTHE PHILIPPINE Stock Exchange (PSE) may have to abandon a plan to extend trading hours this year if the equities market remains volatile.
  • Stock Market: Rallies elsewhere to boost local trading Sunday, January 4, 2009 @ 2:21PMSHARE PRICES are expected to start the year on a positive note, as investors take their cue from market rallies elsewhere, analysts said.
  • Wal-Mart set to repeat share gains Sunday, January 4, 2009 @ 2:16PMWal-Mart Stores Inc, the world’s biggest retailer, may be poised for share gains exceeding 10 per cent for a second straight year as discounts on groceries and flat-panel televisions grab customers from Target Corp.
  • Sponsored Listing Friday, January 2, 2009 @ 1:04PMHard-pressed Brazilian gold play Serabi Mining proposes a hefty share equity write-down as it contemplates further fundraising.
  • Stocks in Europe, Asia Rise; MSCI World Trims Record ‘08 Slump Friday, January 2, 2009 @ 1:04PMJan. 2 (Bloomberg) -- Stocks in Europe and Asia rose, trimming last year’s record slump in the MSCI World Index , as investors speculated governments will step up efforts to revive the global economy and lower oil prices lifted retailers. U.S. index futures gained.
  • (AFX UK Focus) 2009-01-02 12:56 SNAPSHOT - Financial Crisis - 1241 GMT Friday, January 2, 2009 @ 1:03PMBusiness finance and city news online from Interactive Investor, a leading financial news service. Information on currency market news and financial headlines
  • BorgWarner urges against TRC mini-tender offer Friday, January 2, 2009 @ 1:02PM(AP:AUBURN HILLS, Mich.) Automotive supplier BorgWarner Inc. said Friday it has received a mini-tender offer from TRC Capital Corp., and urged its shareholders not to sell their stock to the firm at a discount.
  • Roche Purchases Shares in Tender Offer For Memory Pharmaceuticals Corp. Friday, January 2, 2009 @ 1:00PM Roche today announced that its wholly-owned subsidiary 900 North Point Acquisition Corporation has accepted for payment all shares validly tendered and not withdrawn pursuant to its tender offer for all outstanding shares of common stock of Memory Pharmaceuticals Corp. at $0.61 per share in cash.
  • National Instruments Reports Preliminary Revenue Estimate of $202 Million for Q4 2008 Friday, January 2, 2009 @ 1:00PM National Instruments today announced that its preliminary estimate for fourth- quarter revenue is $202 million, a 1 percent year-over-year decline in revenue compared to Q4 2007 and $2 million, or 1 percent, below the low-end of the guidance which the company provided on December 4, 2008.
  • Shishir Bajaj exits Bajaj Electricals Friday, January 2, 2009 @ 12:58PMShishir Bajaj and two other family members have exited Bajaj Electricals by selling their 2.05 per cent stake in the company following a family dispute settlement with elder brother Rahul Bajaj.
  • Sydney Stocks Advance Off The Blocks In 2009 Friday, January 2, 2009 @ 1:03AMSydney Stocks Advance Off The Blocks In 2009
  • Japan’s Bonds May Post First Loss Since 2003 as Debt Sales Rise Friday, January 2, 2009 @ 12:56AMJan. 2 (Bloomberg) -- Japanese government bonds may fall this year for the first time since 2003 as policy makers increase debt sales to finance a 10 trillion yen ($111 billion) economic stimulus-plan.
  • Spot exchange for wheat Thursday, January 1, 2009 @ 8:38PMThe proposed start of exchange-based spot trading in wheat before the beginning of the coming rabi marketing season will, when it happens, mark major reform of the foodgrain marketing system.
  • Optimism to continue today Thursday, January 1, 2009 @ 8:36PMMarkets welcomed the New Year on a cheerful note as indices gained on the back of bullishness in technology and mid-cap stocks. The benchmark indices gained over 2 per cent at close.
  • Nifty likely to hit 3,100-level Thursday, January 1, 2009 @ 8:36PMMarkets kicked off the New Year on a positive note, rising 2.7 per cent and value-buying in key index stocks such as Reliance Industries, ICICI Bank and State Bank of India.
  • Goldman gets clean chit in market crash case Thursday, January 1, 2009 @ 8:36PMOne of the biggest foreign institutional investors Goldman Sachs was given a clean chit by the Securities and Exchange Board of India (Sebi) in the stock market crash of May 17, 2004.
  • New year cheer for markets Thursday, January 1, 2009 @ 8:36PMThe Bombay Stock Exchange Sensitive Index climbed to its highest in two weeks, after the inflation rate fell to the lowest since early March, fuelling hopes that the Reserve Bank of India will cut interest rates further.
  • Mutual funds break 3-month jinx Thursday, January 1, 2009 @ 8:35PMAverage assets under management up 4.6% in December. The mutual fund industry is set to break a three-month losing streak. Initial numbers for December indicate that the average assets under management (AAUM) has improved marginally.
  • Irda likely to allow LIC to retain over 10% stake in companies Thursday, January 1, 2009 @ 8:34PMThe Insurance Regulatory and Development Authority (Irda) is likely to allow state-owned Life Insurance Corp of India to retain over 10 per cent stake in companies for now, a finance ministry official said on Thursday.
  • As the economic bubble bursts - champagne sales slump Thursday, January 1, 2009 @ 1:41AM We all know the economic bubble has burst - and now champagne sales have fallen flat to confirm it. New figures show that sales of the luxury fizzy wine slumped by more than a quarter last month compared to 2007.
  • Metals: Meltdown Thursday, January 1, 2009 @ 1:39AMTo say that 2008 was a lacklustre year for metal stocks would be an understatement. The BSE Metals Index was the second worst performing index in 2008 second only to real estate sector, having fallen by nearly 75 per cent.
  • Lee Enterprises falls below NYSE listing standards Thursday, January 1, 2009 @ 1:38AMDAVENPORT, Iowa — Lee Enterprises Inc. said Wednesday it has fallen below the New York Stock Exchange’s standards for listing, but the company will notify the exchange of plans to return to compliance.
  • Shyam Ponappa: Cut Interest Rates To Revive Growth Thursday, January 1, 2009 @ 1:38AMSignificant interest rate cuts can deliver price cuts and revive growth. India managed 8.8 percent growth annually for five years. “If it could keep this up, India would be transformed, as China has been,” says The Economist.*
  • Nifty to face strong resistance at 3,000 Thursday, January 1, 2009 @ 1:38AMThe year 2008 ended the five-year bull run with both the benchmark indices — the Nifty and the Sensex — declining over 50 per cent each. While investors are hoping a relief in 2009, the indices ended the last day of 2008 on a losing note.
  • 90% IPOs trade below issue price Thursday, January 1, 2009 @ 1:37AMWith 38 of 42 initial public offers (IPOs) that were listed since January 1 trading below their issue price, primary market investors and India Inc never had it so bad.
  • Rubber price spike catches tyre makers on the wrong foot Wednesday, December 31, 2008 @ 6:50AMIndustries that use natural rubber are facing the prospects of a sharp rise in prices which is not in line with forecasts made by experts and industrIes that use natural rubber.
  • Madoff set to disclose list of holdings Wednesday, December 31, 2008 @ 6:49AMNEW YORK - Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal.
  • (AFX UK Focus) 2008-12-31 06:18 UPDATE 1-Indonesia may announce more plans to support economy Wednesday, December 31, 2008 @ 6:49AMBy Adriana Nina Kusuma
  • Waterford Wedgwood shifts to Asia to save company Tuesday, December 30, 2008 @ 5:38PMFor more than two centuries, Waterford crystal and Wedgwood china have been symbols of Irish and British craftsmanship. Now, their future may lie in Asia.
  • Planning for a Happier New Year Tuesday, December 30, 2008 @ 5:35PMTo make 2009 far better and much more profitable experts offer the following New Year?s resolutions for your consideration.
  • Defaults loom large in pepper futures trade Tuesday, December 30, 2008 @ 5:34PMWith record low level of physical stocks at the warehouses of the National Commodities and Derivatives Exchange (NCDEX) and exporters’ coverage in the near month January contract being double of the available stocks, defaults in delivery are imminent in pepper futures trading.
  • Latin America Currencies: Argentine Peso Drops for a Ninth Day Tuesday, December 30, 2008 @ 5:34PMDec. 30 (Bloomberg) -- Argentina’s peso fell for a ninth day on speculation lower commodity prices will crimp export revenue. The currency slid 0.3 percent to 3.453 per dollar at 11:50 a.m. New York time, from 3.4433 yesterday.
  • Big plans in Toronto Tuesday, December 30, 2008 @ 5:34PMTORONTO — Severine Petras has big plans for the former Lincoln Elementary School building in the city’s north end.
  • Most Asian Stocks Decline on Recession Concern; Hynix Slumps Monday, December 29, 2008 @ 3:01AMDec. 29 (Bloomberg) -- Most Asian stocks fell, as slumping South Korean consumer confidence and a Hynix Semiconductor Inc. credit downgrade fueled concern that deepening recessions worldwide will hurt corporate profits.
  • Australian dollar mixed against majors Monday, December 29, 2008 @ 3:00AM(RTTNews) - The Australian dollar showed mixed trading against its major rivals on Monday morning in Asia. While, the Aussie climbed to new multi-day highs against the currencies of Japan, New Zealand and US, it showed some weakness against the euro and the Canadian dollar.
  • Vishal talks down rentals for 50 stores Monday, December 29, 2008 @ 3:00AMVishal Retail, a New Delhi-based supermarket chain, has successfully negotiated rentals of about a third of its stores across the country even as other retailers are bargaining for lower prices.