Hamilton gives new McLaren first test run
Lewis Hamilton declared his new McLaren a clear step up from last year's race-winning Formula One car after giving it a first test run at Spain's Jerez circuit on Thursday.
Cisco bucks tide of tech optimism, shares fall
After disappointing Wall Street quarter after quarter, Cisco Systems Inc may be losing its status as a tech industry bellwether.
In Egyptian uprising, crowds learn quickly
When news first broke that President Hosni Mubarak was about to step down, the mood on Twitter was jubilant.
Facebook mulls USD 1 bn employee share sale: Report
Facebook mulls $1 bln employee share sale - report
Google in talks to buy video maker Next New: Source
Google Inc's YouTube is in talks to buy video producer Next New Networks, according to a person familiar with the discussions.
Weber to meet Merkel over his shock ECB withdrawal
Bundesbank chief Axel Weber will meet German Chancellor Angela Merkel on Friday to discuss his future after the leaked disclosure of his withdrawal from the ECB presidency race hit markets and put her under fire.
Justin Bieber conquers film critics, box office awaits
His records sell millions, his Facebook fans number more than 20 million, and even his nail polish is a sell out.
Obama US budget to ignite deficit debate
President Barack Obama's 2012 budget plan will bring a simmering deficit debate to a head when he sends it to Congress on Monday, but the United States is still far from tackling its huge fiscal gap as bond markets watch anxiously.
Apple working on smaller, cheaper iPhone: Report
Apple Inc is working on a smaller and less expensive version of the iPhone.
Scrutiny of US forex trading shifts to private firms
The scrutiny of foreign currency trading in the United States is shifting to whether private investment firms, not just public pension funds, were overcharged by the banks that handle these lucrative transactions.
RBA chief says Australia rates on hold for some time
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.
IMF head urges bigger global role for China's yuan
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.
2011 could be dream year for tech-toy lovers
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.
'Social Network' beats 'King's Speech' at London awards
"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.
South Korea producer inflation up as rate rise looms
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.
Day of reckoning dawns for Nokia's new CEO
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.
Shanghai steel rebar hits record for fifth day
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.
Market cues: FIIs net sell $62.8 mn
Market cues: FIIs net sell USD 62.8 million in the cash market on Feb 09.
Crude oil trades around USD 87.5/barrel
OPEC output for January is at its highest since December'08. Brent may be seen declining once Egypt subsides.
Nifty 5200 Call adds 17.3 lakh shares in open interest
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.
Asian trading mixed; Hang Seng up, Straits Times down
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.
Crude gains; trading at $ 87.64/bbl
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.
Indian ADRs: Tata Comm down 7.3%, ICICI Bank, HDFC Bank up
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.
US markets end mixed amid good economic data
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.
Nifty should find stability in 5150-5250: JM Financial
Technically, the bearish continuation pattern target of 5260 & 17500 has been done, which is a positive development, says Gautam Shah of JM Financial.
