Archive for the ‘News’ Category

The Sovereign Debt Crisis: What the Future Holds

Posted by Tushar Mathur on January 31st, 2012

The sovereign debt crisis is a term on the lips of all market watchers. It first worked its way into Europe in 2010 but has since spread across the Atlantic and to Asia. When France lost its AAA ranking by Standard and Poor’s a mere week ago, it meant that all of the world’s five largest sovereign borrowers (China, Japan, Italy and the United States) are now without their AAA rating. Beside the escalation of the sovereign debt crisis in 2011 these countries still have massive budget deficits and seem unwilling to tighten the belt.

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Economy to grow by 9 p.c. in 2011-12 says PMEAC

Posted by Tushar Mathur on February 22nd, 2011

The PMEAC (Prime Minister’s Economic Advisory Council) expects the economic growth rate to bounce back to the pre-crisis level of 9 % during the year 2011-12 on account of the strong performance indicators of the industry and service sectors.The economy had been growing by over 9 per cent before the global financial meltdown brought down the growth rate to 6.8 % during 2008-09.

However, following the stimulation provided by our government to the industry, the growth rate has picked up to 8 % in 2009-10 and the current fiscal is expected to end with 8.6 %.

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Rs. 3,000 crore invested by Lanco Group as export growth reached to 33%

Posted by Tushar Mathur on February 14th, 2011

Lanco group have announced that it will spend the 3,000 crore as investment to set up 250 mega watt solar photovoltaic unit in the Indian state (Chhattisgarh). This project will be useful for exporting to Europe and US and also for domestic purposes.

A special purpose vehicle has been launched by the Lanco InfoTech to set up the Lanco solar unit group in two separate phases at a district called Rajnandgon in Chhattisgarh. L. Madhu Sudha Rao, chairman of Lanco group said that this solar unit set up can be available to meet 15% of the domestic demands.

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Industrial output is likely to be at halt as the Federal bond yield ranged

Posted by Tushar Mathur on February 12th, 2011

As per the prediction report, it seems that the growth of technology and industrial output is seems to be at the slight stage to be halted by 2 percent in December 2010. The last year bond auction is yet to be released in few days. However, the federal bond yield can reduce the trade and heading to look for the factory output data.

The key of the future economic growth is in the hands of the Index of Industrial Production (IIP). A senior citizen of a bank said that there is much change occurs in the industrial output every time and it is very hard to predict that eventually.

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Decline in the Sensex by 183 points as the echo of spectrum scam

Posted by Tushar Mathur on February 10th, 2011

The Sensex, sensitive index crashed by 183 points. 17,775.70 points on Tuesday have been declined to 17,592.77 points on Wednesday. The benchmark index is also decreased by 261 points.

Companies such as Ambani groups have been facing high interest rates due to the persistent problem in the allocation of 2Gspectrum scam. Corporate earnings would be highly affected due to these interest rates.

Indian government has estimated the economic growth to be 8.6 percent in 2011-2012. However, it seems to reach only 7.7 percent. This decline in the economic growth is highly influenced by the factors such as corruption, food inflation, and hike rates and so on.

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Belle Corporation To Head Back North

Posted by Tushar Mathur on February 9th, 2011

In the Philippine, Stock Exchange BEL or Willy Ocier-led Belle Corporation was one of the top stories among the domestic stock market last year. Belle Corporation was actually a sleeper during the first half of last year (2010). It was only trading around a PHP of 1.80 in the month of July before it moved to north. From the month of August to the December of 2010, it had a rise from PHP 1.85 to PHP 4.60.It didn’t stop there as Belle Corporation  continued to move higher in the first month of 2011 and on 19th of the same month, it reached a high PHP of 6.49.

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Brazil Real Remains Near 2010 Record Low

Posted by admin on January 26th, 2010

The Brazilian real continued to be influenced by bearish equities and commodities markets and did not manage to pare gains after falling during the most of the time last week. Brazil is one of the main metallic commodity exporters in the world, and uncertainty brought by U.S. and Chinese statements regarding new financial regulations for loans in both countries still impacted market sentiment today, decreasing demand for raw materials and riskier assets globally, forcing the real to trade near the lowest price in 2010 reached last Friday. USD/BRL closed today at 1.8240 from an opening rate of 1.8155.

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Australian Dollar Pare Losses on Inflation

Posted by admin on January 26th, 2010

The Australian dollar managed to gain versus lower-yielding currencies before a report to be released this week in the country is likely to show an advance in inflation in the last year’s last quarter, helping speculations that a series of interest rates in the country will restart. The Aussie rebounded after losing versus most of lower-yielding currencies last week as risk aversion remained predominant in majority of trading hours. Investors in the South Pacific region are waiting an inflation report to be released on Jan 27th expecting positive numbers as forecasts suggest an advance for the country’s prices in the last quarter of 2009, which would provide grounds for a new series of interest rate hikes by Australian policy makers.

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South Korean Won Biggest Loser in Asia on Risk Aversion

Posted by admin on January 23rd, 2010

The South Korean currency, one of the best performers in 2009 among Asian emerging markets, had a severe weekly decline as risk aversion remained predominant after China’s statements regarding new regulations on its economy. After China announced it will take further measures to control inflation in the country, which can be understood with implied slower economic growth, the South Korean currency declined versus most of its main trading partners currencies, as was the worst performer in the Asian region this week in foreign-exchange markets. USD/KRW ended the week at 1,152.50 from an opening rate of 1,136.2 this Friday.

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New Zealand Dollar Rebounds on Retail Sales

Posted by admin on January 21st, 2010

After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency as figures came better than forecasts suggested. NZD/USD traded at 0.7227 as of 12:51 GMT from as low as 0.7185 hours earlier.

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Brazilian Real Drops Further on Risk Aversion

Posted by admin on January 21st, 2010

The Brazilian real touched the weakest level in a month as risk aversion remained predominant in today’s trading session globally, since equities and commodities markets continued to follow a bearish trajectory in most of the key-economic regions around the world. Brazil’s real suffered another impact today as China’s lending restrictions announced last week continue to influence risk levels in trading markets globally. Commodities, responsible for a good share of Brazil’s international trade continued to tumble in Asia and Europe, decreasing attractiveness for the real which lost sharply versus a more appealing U.S. dollar as traders searched for safety. USD/BRL closed at 1.7895 today from an opening rate of 1.7715.

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Canadian Dollar Suffers Huge Impact on Inflation, Risk Aversion

Posted by admin on January 21st, 2010

The Canadian dollar ranked among the worst performers in currency markets today as risk aversion influenced commodities and equities trading, which are strongly related to the loonie’s rates as weak economic data in the country also influenced the confidence towards Canada’s currency. Speculations that interest rates hikes would happen anytime soon in Canada faded further away as consumer prices retreated according to a report published today, which forced the loonie down in a day were demand for raw materials declined, affecting the outlook for the Canadian economy as half of the country’s exports are commodities. The U.S.

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Dollar Benifits From Chinese Lending Requirements

Posted by admin on January 21st, 2010

The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets. The U.S. currency continue yesterday’s advance as risk aversion coming from Asia is still playing a major role in market sentiment this week, and the safety provided by assets in the country became one of the best options for these turbulent trading sessions. The euro was one of the biggest losers versus the dollar touching the lowest rate in 2010 today after International Monetary Fund officials affirmed that Greece’s situation is serious, once again making the Southern European nation to affect the outlook for the bloc’s single currency.

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Pound Advances Further Versus Euro on Inflation

Posted by admin on January 20th, 2010

The British currency had a favorable performance today versus multiple key-currencies today, beating the euro and the Swiss franc as the country starts to show more evident signs of recovery, attracting investors back to the U.K. After inflation surpassed analysts estimates and Bank of England’s target today, the pound gained considerably versus most of the main traded currencies, specially versus the euro, as Greece’s budget deficit is still affecting the currency’s outlook, and ths Swiss franc, which had a rally halted as fears of interventions from the nation’s central bank emerged. EUR/GBP slid to 0.8727 as of 23:41 GMT from a previous rate of 0.8785 yesterday.

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