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Australia's central bank chief said on Friday that monetary policy was likely to remain on hold for some time, but also sounded upbeat on the longer-term prospects for the economy, suggesting the next move in interest rates is still up.
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International Monetary Fund (IMF) chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system.
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A stunt car powered by light. Check. A table-top version of a popular iPhone game. Check. A battery-powered sweet-talking boyfriend doll. Check.
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"The Social Network" knocked "The King's Speech" off its perch at the London Film Critics' Circle Awards on Thursday, with the Facebook saga movie scooping four prizes to the royal story's three.
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South Korea's annual producer inflation hit a 26-month high in January led by food and energy, data showed on Friday, strengthening the case for a second interest rate increase in four weeks later in the day.
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Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker.
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Shanghai steel futures jumped to a record for a fifth day running on Friday, buoyed by soaring raw material costs and expectations of a pickup in demand.
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Market cues: FIIs net sell USD 62.8 million in the cash market on Feb 09.
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OPEC output for January is at its highest since December'08. Brent may be seen declining once Egypt subsides.
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FIIs were net sellers of Rs 780 crore in Index Futures; which open interest (OI) was up by 5204 contracts. FIIs have net sold Rs 1373 crore in Index Options; which OI was down by 2119 contracts.
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At 7: 58 am (IST), Asian markets were trading mixed. China's Shanghai Composite added 0.21% or 6.01 points at 2,824.17. Hong Kong's Hang Seng rose 0.37% or 84.77 points at 22,793.39. Singapore's Straits Times fell 0.30% or 9.41 points at 3,093.98. Taiwan's Taiwan Weighted shed 0.55% or 48.16 points at 8,788.40.
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Oil rose after Egyptian President Mubarak defied calls for his resignation, agreeing only to delegate some authority to his deputy, prompting concern supplies may be disrupted amid further unrest. Currently it is trading at USD 87.64 per barrel.
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Indian ADRs ended mostly lower on Thursday. In the telecom pack, Tata Communication was down 7.31% at $ 8.87 and MTNL was down 0.53% at $ 1.88. In the banking space, ICICI Bank was up 1.3% at $ 42.86 and HDFC Bank was up 1.03% at $ 142.45.
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In the US markets, stocks ended mixed with the Dow ending its winning streak, closing fractionally lower after rising for eight straight sessions as hopes for a possible resolution to the political unrest in Egypt lifted equities off their intraday lows.
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Technically, the bearish continuation pattern target of 5260 & 17500 has been done, which is a positive development, says Gautam Shah of JM Financial.
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We believe that the govt has understood the importance of the budget as a signalling mechanism, says Suresh Mahadevan of UBS.
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The Nasdaq Composite was up 1 point at 2,790, after seeing recovery of 28 points from day's low of 2,762. The S&P 500 Index ended up 1 point at 1,322, after seeing recovery of 11 points from day's low of 1,311
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It was a disappointing close for the Omkar Speciality Chemicals on very first day itself due to weak market conditions.
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Equity diversified NAVs ended lower with advance:decline ratio of 41:204 as the Indian equity benchmarks closed the session lower for third consecutive day amid an extremely choppy trade on Thursday, led by fall in heavyweights like SBI, Reliance Industries, Infosys, Bharti Airtel, BHEL, HDFC, Wipro, TCS and HUL.
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Egyptian President Hosni Mubarak looked likely to step down on Thursday after more than two weeks of protests against his 30-year rule and the Islamist Muslim Brotherhood said it looked like there had been a military coup.
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There are clear signs of a new internet bubble in corporate valuations, Google's chief executive Eric Schmidt said in an interview with a Swiss magazine on Thursday.
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EBay Inc, seeking to cast off a perception that it is behind the curve, strove on Thursday to cast itself as a reinvented company and an innovator at the center of tech-driven e-commerce.
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Noted argiculture scientist M S Swaminathan today said the current spike in food inflation is likely to persist for some time in urban India and described price rise as 'man-made'.
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Egyptian Prime Minister Ahmed Shafiq told Britain's BBC that President Hosni Mubarak may step down and the situation in the country will be clarified soon, the British broadcaster said on Thursday.
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Corporate social responsibility (CSR) will remain voluntary but with riders, reports CNBC-TV18’s quoting Ministry of Corporate Affairs (MCA) sources. It is learnt that companies should spend 2% net profit on CSR.
