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Dollar firms as suspense builds, Asia shares dip

Tue, 21 May 2013 14:51:21 +0800

By Masayuki Kitano and Vidya Ranganathan SINGAPORE (Reuters) - The U.S. dollar inched up against major currencies but stayed well off highs on Tuesday as investors cautiously traded expectations of whether Federal Reserve Chairman Ben Bernanke will hint at a sooner than expected reduction in bond-buying stimulus. The U.S. dollar index, which measures the greenback's value against a basket of currencies, edged up 0.1 percent to 83. ...

Nikkei edges up to new 5-1/2-year high as retail investors pick up bargains

Tue, 21 May 2013 14:13:16 +0800

TOKYO (Reuters) - Japan's Nikkei share average edged up to a fresh 5-1/2-year high on Tuesday, reversing earlier losses, as retail investors scooped up underperforming stocks such as Sharp Corp and Tokyo Electric Power Co Inc The Nikkei rose 0.1 percent to 15,381.02, the highest closing level since December 2007, after being in and out of negative territory in choppy trade. During the day, it rose as high as 15,388.37, its best mark since the same time. Sharp surged 8.7 percent and Tokyo Electric 12.3 percent. The broader Topix gained 0.1 percent to 1,270.39. ...

Asia stocks fall ahead of Fed statements

Tue, 21 May 2013 13:19:17 +0800

Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive ...

Jitters over unsecured loans, mine wage talks knock rand

Tue, 21 May 2013 12:18:12 +0800

JSE’s recent rally stalled, while rand extended its slide

Abil reels as dividend cut disappoints investors

Tue, 21 May 2013 12:15:31 +0800

Unsecured lending bubble fears mount after ‘horrific’ results

Asia stocks muted ahead of Fed meeting

Tue, 21 May 2013 11:08:32 +0800

Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is currently conducting ...

Chart of the Day: Check out the biggest losers in Singapore stock market

Tue, 21 May 2013 09:30:00 +0800

Gaming sector gravely disappoints. According to CIMB, while the Singapore market scales new highs, like stockmarkets around the world, it is the yield stocks and the stocks with earnings predictability ...

See what's souring Singapore telco outlooks

Tue, 21 May 2013 08:46:00 +0800

SingTel and StarHub still in doldrums. According to a sector analysis from OCBC Investment Research, SingTel and StarHub are facing relatively more muted outlooks due to paltry revenue and earnings growth ...

Tadawul index advances slightly

Tue, 21 May 2013 08:14:00 +0800

The Saudi stock market sustained its upward march yesterday, closing the fourth consecutive session with balmy gains (+7.02 points).Saudi Arabia’s benchmark stock index (TASI) added further 0.1 percent to finish at 7,307.36 points. While curving above the break-even line throughout the day it rose to a maximum gain of 42.3 points.Only Med cap among the market cap indices moved downward slightly.Sector indices performed in a mixed fashion, with eight sectors accumulating an aggregate of 218.5 points and seven sectors trimming 367 points collectively. ...

Exclusive - Japan Inc. averse to further yen drop, poll finds

Tue, 21 May 2013 06:55:42 +0800

By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) - Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilise or recover ground, rather than continue a slide that will increasingly raise their costs. About half the Japanese companies in a new Reuters survey say the yen has fallen enough, just 15 percent want a further yen decline and more than one-third would in fact like to see the currency rebound from its 4-1/2-year lows. ...

Small company stock are a bright spot

Tue, 21 May 2013 06:37:05 +0800

Small-company stocks were a bright spot in a subdued start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher ...

Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers

Tue, 21 May 2013 06:13:43 +0800

By Matthew Goldstein NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund ...

Wall Street ends flat on correction worries

Tue, 21 May 2013 05:24:06 +0800

Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The Dow and ...

Small company stocks take the limelight

Tue, 21 May 2013 05:02:21 +0800

Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended ...

World stocks grind higher, yen rebounds on minister's remarks

Tue, 21 May 2013 04:53:17 +0800

Global shares grind higher, yen rebounds on minister's remarks

Tue, 21 May 2013 04:44:14 +0800

By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ...

Shares grind higher, yen rebounds on minister's remarks

Tue, 21 May 2013 04:42:40 +0800

Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested ...

Silver drops despite steady market tone elsewhere

Tue, 21 May 2013 01:05:12 +0800

The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained relatively solid amid hopes over the U.S. ...

Banks lead FTSE to highest close since late 2000

Tue, 21 May 2013 00:35:36 +0800

By Sudip Kar-Gupta LONDON (Reuters) - Britain's benchmark equity index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by central banks have hit returns on bonds, driving investors to seek the better returns on offer from equities, spurring a global stock market rally over the last year. The blue-chip FTSE 100 index closed up by 0.5 percent, or 32.57 points, at 6,755.63 points - its highest closing level since September 2000. ...

Insight: The road to a greener America is littered with road-kill

Tue, 21 May 2013 00:09:02 +0800

By Nichola Groom LOS ANGELES (Reuters) - In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp. The "California Hydrogen Highway," Schwarzenegger's vision to ensure that every Californian would have access to a hydrogen fueling station by the end of 2010, called for the state to spend more than $50 million to help deploy up to 100 hydrogen fuel stations that would serve 2,000 fuel cell vehicles. ...

Small-company stocks lead the market higher

Mon, 20 May 2013 23:56:43 +0800

The stock market is edging higher in midday trading, led by small-company shares. The Russell 2000 index of small company stocks crossed 1,000 points for the first time Monday. It's up 18 percent this ...

Stocks hold close to record levels

Mon, 20 May 2013 23:14:04 +0800

A stock market surge took a pause Monday after investors pushed indexes to record levels last week. Investors will be watching the Federal Reserve this week for clues about what it plans to do next with ...

How to Create a “Do-It-Yourself” Fund for Diversification

Mon, 20 May 2013 22:45:46 +0800

The stock market has only one direction in mind and that’s up. I sense there’s froth building up. This current market action reminds me a bit of what happened in 1999, but the situation is different in that interest rates are at record lows, the Federal Reserve is providing liquidity, and the valuation of stocks...

Stock prices are little changed in early trading

Mon, 20 May 2013 22:32:37 +0800

Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday. Investors will be watching the Federal Reserve this week for clues about what its plans to do next ...

Stocks open slightly lower on Wall Street

Mon, 20 May 2013 21:49:50 +0800

Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains. The Dow Jones industrial average fell 21 points to 15,332 shortly after the opening bell ...

Will Raft of Bad Economic Data Change Investor Behavior?

Mon, 20 May 2013 21:15:17 +0800

It’s been strange watching the Dow Jones Industrial Average and S&P 500 continue to march higher for the last few months, moving in direct contrast to the underlying economic indicators. It’s hardly news to anybody that unemployment has remained stubbornly high for years. Personal debt is high, student loan debt is crushing, and the largest...

Unclear whether Fed's bond buying has helped economy: Fisher

Mon, 20 May 2013 20:36:42 +0800

(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. "We've made rich people richer...," Dallas Fed President Richard Fisher said on CNBC television. "Question is what have we done for working men and women in America?" Fisher, who has long opposed the Fed's bond-buying program and wants to reduce it, added he expects real gross domestic product growth of more than 2.5 percent by year end. ...

Rupee weakens to 2-1/2 month low; key support to be tested

Mon, 20 May 2013 19:59:39 +0800

By Swati Bhat MUMBAI (Reuters) - The rupee weakened to its lowest level in 2-1/2 months on Monday, weighed down by heavy demand for the greenback from gold and oil importers along with choppy domestic ...

Silver falls; gold heads for longest slide in four years

Mon, 20 May 2013 19:16:29 +0800

By Clara Denina and Jan Harvey LONDON (Reuters) - Silver hit a 2-1/2 year low on Monday, prompted by heavy fund liquidation in Asian trade, while gold was on track for its longest run of losses since March ...

BSE Sensex falls from near 2-1/2 year high; banks hit

Mon, 20 May 2013 19:09:11 +0800

The BSE Sensex snapped a four-day winning streak on Monday, retreating from near 2-1/2-year highs as investors booked profits in rate-sensitive stocks such as ICICI Bank, while drugmakers were hit by worries ...