|
|
|
UK Stocks Rise on Home Sales and Qatar Talks
Feb 25, 11:30 PM EST |
|
| Alliance Leicester led the gainers and Lonmin led the decliners in the FTSE 100 index. |
|
| U.K. prices fell for the fifth straight month as prices dropped 0.2% in January to £174,400 after losing 0.3% in January. The research service, Hometrack Limited forecasted the outlook appears to be improving on the recent bank rate cut. The news of possible investment from Qatar sovereign fund lifted the stock of Royal Bank of Scotland according to local media. |
|
|
Full Story... |
Reliance Power Rebounds, BSE Stake in NCME
Feb 25, 11:01 PM EST |
|
| Reliance Board approved bonus of five stocks for three effectively cutting the price of the recently listed stock to 269 rupees. |
|
| The Bombay Stock Exchange acquired 26% stake in the third largest commodities trading exchange for 100 crore rupees or $25 million. Centurion Punjab Bank and HDFC have agreed to merge and form the largest network of bank branches in the private sector. Reliance Power stock rebounded above its offer price for the first time after a week of losses after the company issued five for three stocks. Anill D. Ambani will reduce his stake by 5% to 40% in the company. |
|
|
Full Story... |
Mega IPOs Worries HK Investors
Feb 25, 12:20 PM EST |
|
| Stocks in Hong Kong fell after Shanghai markets fell sharply. Several large IPOs in the next few weeks could hurt trading on low liquidity concerns. |
|
| Hong Kong stocks edged lower in nervous trading after a sharp sell-off in Shanghai stocks. Large expected public offerings from governmet controlled companies are likely to choke liqidity in the market. Several offerings are expected to raise more than $3 billion in the next three months. Hong Kong taxpayers are likely to revecie H$40 billion of refunds, but it may take at least a year before economy will see any impetus from it. |
|
|
Full Story... |
China to Invest $10 B in Inpex
Feb 25, 7:48 AM EST |
|
| China Investment Corp plans to invest $10 billion in the largest oil refiner in Japan, Inpex. The news lifted the stocks averages to close higher. |
|
| Japan stocks rallied on the back of higher market close in the U.S. In Tokyo trading Nikkei 225 gained 3.07% to 13,914.57, and the broader Topix Index rose 2.6% at 1,355.54. China investment Corp is likely to invest $10 billion in oil refiner Inpex in Japan and follow up with more investments in the country. Aioi Insurance reported a net loss of 4 billion in the nine-month period ending in December. |
|
|
Full Story... |
1
 |
|
