Financial Markets

Equities end in red, key index dips below 9,000

Mumbai, Nov 18 (IANS) Indian equities markets opened weak Tuesday and stayed in the red throughout the day, a key index shedding more than 350 points to end below the psychologically important 9,000-point mark.

ADB says Asia economically dynamic despite crisis

Lee Jong-hwa, head of Asian Development Bank's Office of Regional Economic Integration, speaks during Asia Bond Monitor Conference in Seoul, South Korea, Tuesday, Nov. 18, 2008. Local currency bond markets in the emerging...

UK plumbing supplies firm Wolseley cuts 2,000 jobs

Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000...

Risk and Carry Guiding the Dollar

Support 1.2515 1.2450 1.2390 96.40 95.80 95.05 1.4940 1.4890 1.4650 1.1940 1.1890 1.1825 A steep decline in the Wall Street lead to a negative trend in the Asian market leaving the tradrs focused on risk aversion. The weak...

Burberry 1H net rises, shares fall on outlook

LONDON (AP) - British luxury goods company Burberry Group PLC on Tuesday reported a 13 percent rise in first half net profit, but its shares plummeted as it added that second-half business was proving more difficult,...

Taiwan stocks fall

TAIPEI, Taiwan (AP) - Taiwan shares fell sharply Tuesday, weighed down by a poor overnight performance on Wall Street, and weakness on neighboring Asian bourses. The weighted price index of the Taiwan Stock Exchange fell 134.62...

Profit-taking, slump fears drive Chinese shares down 6.3%

BEIJING, Nov. 18 (Xinhua) -- Chinese shares sank 6.31 percent to close at 1,902 points on Tuesday, posting broad declines amid rising turnover in reaction to falls on other global equities markets. The Shenzhen Component Index...

Oil slips as investors mull recession

By GEORGE JAHN Associated Press Writer VIENNA, Austria (AP) - Fears of a prolonged recession in developing countries and weak crude demand sent oil prices drifting below $55 a barrel Tuesday. The Dow Jones industrial average...

Stocks headed for a drop

U.S. stock futures tumbled Tuesday, as investors remained worried about the fate of Detroit's Big Three automakers and awaited testimony from Treasury Secretary Hank Paulson about the government's $700 billion financial bailout...

SEC charges Dallas Mavericks owner Mark Cuban with insider trading of Mamma.com stock in 2004

WASHINGTON - Federal regulators charged Dallas Mavericks owner Mark Cuban yesterday with insider trading, saying he used confidential information on a stock sale to avoid more than $750,000 in losses. Cuban disputed the...