Asian shares lower after US holiday

Posted by Financial Market News on May 31st, 2010

Asian stocks fell Tuesday in the absence of fresh cues following a market holiday in the U.S. Japan's Nikkei 225 stock average fell 82.22 points, or 0.8 percent, to 9,686.48 and Australia's S&P/ASX 200 dropped 0.7 percent to 4,401.10. In Seoul, the Kospi lost 0.6 percent to 1,630.41 and Taiwan's benchmark fell 0.9 percent to 7,307.16. Hong Kong's ...

Oil spill puts future of BP in doubt

Posted by Financial Service News on May 31st, 2010

" After BP PLC failed once again to plug the worst oil spill in U.S. history, the British corporate giant faces what could be an even bigger challenge: justifying its continued existence.

TSX up as GDP soars, commodity stocks rise

Posted by Financial Market News on May 31st, 2010

A file photograph shows the Toronto Stock Exchange, front middle, and the Bank of Montreal, right.

Goldwind Said to Seek Up to $1…

Posted by Financial Service News on May 31st, 2010

Goldwind is offering 395.3 million new shares at HK$19.80 to HK$23 each, said the people, who declined to be identified before an official announcement.

Asia Markets: Japan’s not immune, but resilient to debt woes

Posted by Financial Market News on May 31st, 2010

Japan isn't completely immune to the debt concerns surrounding Europe but recent economic data may support the argument that the nation's a bit more resilient than others in Asia.

BP shares decline in German trade

Posted by Financial Service News on May 31st, 2010

BP's German-listed shares fell on Monday in a preview of what's to come when its more actively traded New York- and London-listed shares resume trade after a three-day break.

Israel Stocks: Israel stocks off; banks in focus; Gaza watched

Posted by Financial Market News on May 31st, 2010

Israeli stocks declined on Monday, led by with particular weakness in Teva Pharmaceutical, the telecom providers and the banks.

Trichet denies Anglo-Saxon attack on euro

Posted by Financial Service News on May 31st, 2010

European Central Bank President Jean-Claude Trichet on Monday denied that an Anglo-Saxon conspiracy was to blame for the rapidly falling euro as he sidestepped questions over a clash with his potential successor and over Spanish bank health.

World stocks mostly higher despite Spain downgrade

Posted by Financial Market News on May 31st, 2010

European stock markets were mostly flat Monday as investors shrugged off more sobering news about shaky government finances amid new signs Asia's economies are pushing ahead with their recovery.

Europe Markets: Europe stocks edge up; Spain lags after downgrade

Posted by Financial Market News on May 31st, 2010

European stocks were battling to stay positive on Monday, with Spanish stocks weighed down by a sovereign-debt downgrade by Fitch late last week, while the Portugal and Greece markets were also weak.


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