EMERGING MARKETS NEWS
Equifax ID Patrol - Sponsored Link
Wed, 20 Aug 2008 00:39:00 GMT
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Sensex closes 102 points down
Wed, 20 Aug 2008 00:39:00 GMT
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,517.76 points, touched a low of 14,368.72 points before closing at 14,543.73 points. It went down by 101.93 points or 0.70 percent at the day's close. The S
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Shifts and Faultlines in the Global Economy Part 4. The Resurgence of Russian Imperialism
Wed, 20 Aug 2008 00:35:00 GMT
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Resolve row, World Bank to India & US
Wed, 20 Aug 2008 00:04:00 GMT
Brazil, a developing country that is both a major agricultural exporter and home to many poor farmers, can help, he said in a statement. Indonesia and Australia may be in a position to contribute to a solution too. Mistake to miss it As the dust settles
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Sensex down 102pt
Wed, 20 Aug 2008 00:02:00 GMT
Mumbai Aug. 19: The Sensex was down for the fifth trading day and though it lost over 250 points intra-day it recovered much of the losses through short covering in auto and IT stocks in the last half hour of trade. Though it closed down 102 points at
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Ghanaians must take hold of the economy - Christian Council
Tue, 19 Aug 2008 23:46:00 GMT
ccra, Aug. 19, GNA - The Christian Council of Ghana (CCG) on Tuesday expressed concern about foreigners taking hold of the economy and other strategic national entities to the detriment of Ghanaians. 'The country is being run by foreigners; it's becoming
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300 points crack in Sensex
Tue, 19 Aug 2008 23:46:00 GMT
Bears continue to dominate even in the late trades as markets are unable to stage a come back. Almost all the BSE Sectoral indices are in negative terrain with BSE Realty index (down 6.8%) and BSE Bankex (down 4.5%). However, bucking the negative trend
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Sensex down 858 points in four trading sessions
Tue, 19 Aug 2008 23:45:00 GMT
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Markets remain down for 5th day, Sensex loses 102 pts
Tue, 19 Aug 2008 23:36:00 GMT
Mumbai, Aug 19 (PTI) The benchmark Sensex today shed nearly 102 points extending the losses to the fifth straight session with consumer durables and IT stocks taking a hit while auto and metal counters remained under selling pressure amid weak trends in
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Emerging Markets - South African GDP Rebounds, Mexican Peso Could Slip On Wednesday
Tue, 19 Aug 2008 23:26:00 GMT
The South African Rand remains relatively weak against the US dollar, but the currency saw a brief boost in the morning as South African GDP rebounded 4.9 percent in Q2 from a year earlier. Why? Mines that were closed in Q1 due to a power shortage were
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Emerging Markets - South African GDP Rebounds, Mexican Peso Could Slip On Wednesday
Tue, 19 Aug 2008 23:16:00 GMT
The South African Rand remains relatively weak against the US dollar, but the currency saw a brief boost in the morning as South African GDP rebounded 4.9 percent in Q2 from a year earlier. Why? Mines that were closed in Q1 due to a power shortage were
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India Looks To Step Up Inflation Fight
Tue, 19 Aug 2008 23:05:00 GMT
India's central bank should raise interest rates to tame 16-year-high inflation, the finance ministry said, reports Bloomberg News. ''Monetary policy has to focus on inflation,'' the ministry's Chief Economic Advisor Arvind Virmani said in an interview
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Sensex down 102pt
Tue, 19 Aug 2008 23:05:00 GMT
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Zimbabwe inflation gets out of control
Tue, 19 Aug 2008 22:20:00 GMT
Official figures dated yesterday indicate that inflation has surged from the rate of 2.2 million percent recorded in May, despite government's price controls. Zimbabwe's finance minister, Samuel Mumbengegwi, is said to have confirmed current state of
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Zimbabwe 12-Month Inflation Officially 11.2 Million Percent In June
Tue, 19 Aug 2008 22:07:00 GMT
Zimbabwe's Central Statistics Office has reported annual inflation running at 11.2 million percent in June, the state-controlled Herald newspaper reported on Tuesday.But independent sources put it higher - leading Zimbabwean financial institution
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Dell, HP Fear Slow Demand for Desktop and Notebook Computers in Emerging Markets
Tue, 19 Aug 2008 22:05:00 GMT
HP and Dell, the world's No. 1 and 2 personal computer, desktop and laptop makers, should deliver solid numbers in their quarterly earnings, with notebook sales likely leading growth. But Dell and HP could face new pressure if demand for HP and Dell
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Emerging Markets, Macro Funds Battered In July
Tue, 19 Aug 2008 22:01:00 GMT
As with most hedge fund indices in July, Hedge Fund Research?s HFRI Indices offer very little in the way of good news. The overall HFRI Fund Weighted Composite Index fell 2.17% last month and is down 3.43% on the year. Just five HFRI substrategies were
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Georgia Conflict Triggers Withdrawal of USD 7 B from Russia Economy
Tue, 19 Aug 2008 21:47:00 GMT
Georgia Conflict Triggers Withdrawal of USD 7 B from Russia Economy19 August 2008, Tuesday The withdrawal of capital from the Russian economy during the military actions in South Ossetia has reached over USD 7 B, as announced by the Deputy Prime
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Aug 19th 2008 Hungary economy: Quick View - Bonus payments bolster second-quarter wage growth
Tue, 19 Aug 2008 21:35:00 GMT
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KPMG Study Finds United States, United Kingdom and Germany Are Top Acquisition Targets for Emerging Market Companies
Tue, 19 Aug 2008 21:35:00 GMT
Companies in India, Russia and South Korea Are Most Active Emerging Market Acquirers into Developed Economies NEW YORK, Aug. 19 /PRNewswire/ -- The United States, the United Kingdom and Germany have become the top developed economies in which emerging
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Aug 19th 2008 Morocco economy: Quick View - Higher fuel prices boost inflation
Tue, 19 Aug 2008 21:35:00 GMT
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Aug 19th 2008 South Africa economy: Quick View - Economy strengthens in second-quarter
Tue, 19 Aug 2008 21:35:00 GMT
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Lacklustre Day: Sensex down 91pts; breadth -ve
Tue, 19 Aug 2008 21:28:00 GMT
The Sensex is exhibiting lacklustre movement and the index is now down 91 points at 14,555. Maruti has tumbled 4.7% to Rs 611. Sterlite has shed 2.7% at Rs 595, and ACC has dropped 2.5% to Rs 580. Satyam has plunged 2% to Rs 411. Reliance Communications
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Sensex slips 165pts; HDFC, Sterlite drop 3%
Tue, 19 Aug 2008 21:28:00 GMT
The Sensex is now down 165 points to 14,480. Maruti has tumbled 5% to Rs 610, and ACC has slumped 4.5% to Rs 568. HDFC and Sterlite have plunged 3% each to Rs 2,287 and rs 593, respectively. Reliance Communications has shed 2.7% at Rs 401. Satyam,
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Sensex down 178pts; Hindalco, Rel Infra up 1%
Tue, 19 Aug 2008 21:28:00 GMT
The Sensex is now down 178 points to 14,467. ACC has slumped 5.6% to Rs 561. HDFC, Satyam and Maruti have plunged over 4% each to Rs 2,257, Rs 401 and Rs 614, respectively. Reliance Communications has shed 3.6% at Rs 397. Bharti Airtel, ITC and Sterlite
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Zimbabwe inflation rate hits 11.2 million percent
Tue, 19 Aug 2008 21:22:00 GMT
Harare, Aug 19 : Zimbabwe's inflation rate reached a new high of 11.2 million percent in June, state media reported, quoting figures from the central statistics office. The new rate compares with an official figure of 2.2 million percent for May, a
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Ghana: Inflation rate declines
Tue, 19 Aug 2008 21:15:00 GMT
The annual rate of inflation, which measures the persistent increase in prices of goods and service in the country for July, has dropped by 0.1 percentage point to 18.31%, the first time in many months this year. Last June's rate was 18.41%. The rate had
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Emerging Markets Take up IT Spending Slack
Tue, 19 Aug 2008 21:11:00 GMT
Growth in India?s domestic IT market outpaced growth its export market in 2007-08, as I wrote earlier this month. So it?s no big surprise that in Gartner?s latest tech spending report, emerging markets like India appear to be taking up some of the
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