On Friday, U.S. stocks fell for a seventh straight session to lead global equity markets to their worst week in two months on fear that Europe’s debt crisis is dragging on without a credible solution.
The single currency euro hit a seven-week low against the dollar and the USD climbed to a near eight-month high against [...]
Archive for the ‘Reviews’ Category
November 29th, 2011
Global Stocks End Worst Week In Two Months
Posted in Reviews 
Tags: debt crisis, equity markets, euro, holiday shopping, single currency, Wall Street 
No Comments »November 27th, 2011
Stocks Tank As Italian Debt Fears Resurface
On Friday, stocks took another pounding after borrowing rates of Italy ratcheted higher following a pair of hugely disappointing auctions from the eurozone’s third-largest economy.
The auction results are another sign that the new technocratic government of Italy faces a big battle to convince the markets it has a strategy to get a grip on the [...]
Posted in Reviews Tags: benchmark crude, borrowing rates, electronic trading, eurozone, financial bailouts No Comments »November 25th, 2011
Loan Extension To Air India Approved
The Reserve Bank of India has approved extension of the tenure of loans to the troubled state-run carrier Air India by five years with the loans now being due for repayment after 15 years.
A consortium of 26 lenders to the debt-laden carrier that include State Bank of India , ICICI Bank , Bank of Baroda [...]
Posted in Reviews Tags: Air India, ICICI Bank, Reserve Bank of India, restructuring proposal, State Bank of India No Comments »November 19th, 2011
Yuan exchange rate within reasonable level
Chinese Commerce Minister Chen Deming said that yuan exchange rate of China is within a “basically reasonable level,” and it is not the root cause of the China-U.S. trade imbalance.
“If China shows an overall trade balance with other countries but only sees a relatively big trade imbalance with one particular country, that means it is [...]
Posted in Reviews Tags: balance of payments, exchange rate, foreign capital, trade imbalance, trade surplus No Comments »November 5th, 2011
Fiscal 1Q earnings of Microsoft hit analyst target
The Windows franchise of Microsoft regained some of its vigor during the company’s latest quarter, but that might not be enough to overcome the perception that largest software maker of the world is being outmaneuvered by nimble rivals whose fortunes aren’t tied to the personal computer.
The gains for the July-September period occurred throughout product lineup [...]
Posted in Reviews Tags: Bing search engine, Microsoft, software maker, Windows operating system, Xbox 360 video game No Comments »November 2nd, 2011
GDP Forecast Lowered By Federal Reserve
On Wednesday, the Federal Reserve slashed its forecast for growth and raised projections for unemployment.
The Fed said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery.
From news.yahoo.com:
While members of the central bank’s policy-setting panel voted 9-1 to hold a steady course, one official urged more stimulative action now and [...]
October 15th, 2011
RIM Losing Global Market Share
Research In Motion (RIM), the maker of BlackBerry smartphones, is losing market share much faster than expected not just in the United States but globally.
The Nasdaq-listed shares of the company tumbled about 21 percent in pre-market trading.
From in.finance.yahoo.com:
On Thursday, the company posted a sharp drop in quarterly profit, painted a dismal picture for [...]
Posted in Reviews Tags: Android software, BlackBerry smartphones, corporate communication, Nasdaq No Comments »October 12th, 2011
Weber Seeks Early UBS Start
Axel Weber, the former Bundesbank chief, has asked the German Central Bank if he can join UBS earlier than planned.
This is being considered as a sign that the chairman-designate wants to exert his grip on the bank following a trading scandal.
From in.finance.yahoo.com:
Weber has been involved in every large strategic decision ever since major Swiss banking [...]
September 24th, 2011
New Chip Line Started By Samsung
The world’s largest memory chip maker, Samsung Electronics, has remarked that it has began mass production at a new line for increasing production of flash memory chips used in tablets and smartphones.
The company also made an announcement that it has started mass production of advanced DRAM (dynamic random access memory) chips.
From news.yahoo.com:
The flash memory chip [...]
September 22nd, 2011
United Technologies To Buy Goodrich
United Technologies Corp. said on late Wednesday that it is purchasing aerospace manufacturer Goodrich Corp. in a deal valued at $18.4 billion, including the assumption of $1.9 billion in debt.
The deal was in rumors for days and sent the shares of Goodrich soaring, which was evident from the fact that the stock was up more [...]