News from the Financial Market
Shale Oil production outside US Canada is no game changer yet: BofAML
Mexico could also expand greatly, but foreign participation requires a constitutional change and major energy sector reform. In sum, the vast resource potential warrants keeping a close eye on shale oil.
Commodity Online - 2013-05-23 Read more
The Hindu Business Line launches its Ahmedabad edition
Narendra Modi, the Chief Minister of Gujarat, who launched the inaugural edition this morning was optimistic and asked the paper and rsquo;s editor D Sampath Kumar why it took the Hindu Group so long to come to Gujarat. He reiterated the taste of Gujarat and rsquo;s psyche where they sleep with business and walk with business.
Commodity Online - 2013-05-23 Read more
NCDEX Turmeric range bound 5700 6150 range
Turmeric traders are awaiting monsoon showers and are hoping that prices may surge after the advent of rains. Monsoon is the season of accumulation and distribution of all spices and this process may support prices to some extent.
Commodity Online - 2013-05-23 Read more
NCDEX Sugar bearish support 2970
Support for the commodity is seen at 2970 while 3095 is the resistance. Traders may sell around 3060 with the stop loss of 3095 for the target of 2970. and nbsp;NCDEX sugar for June delivery was seen trading down by 0.72% at Rs.3033 per 100 kgs as of 11.44 AM IST on Friday.
Commodity Online - 2013-05-23 Read more
Crude Oil shrinks on poor China data US Fed concerns
US durable goods data is scheduled to be released today at 06.00 PM IST today and traders may get hints for their trading from the data released. Also, a list of data releases from Germany, France and Italy are scheduled for the day. and nbsp;WTI crude oil futures on NYMEX for July delivery was seen trading down by 0.43% at $93.87 per barrel as of 10.19 AM IST on Friday.
Commodity Online - 2013-05-23 Read more
India mints history by producing 6707 mn pieces of Circulating Coins in 2012 13
The firm has also achieved all the targets in the production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) during the year 2012-13.
Commodity Online - 2013-05-23 Read more
Salesforce.com's quarterly results disappoint Wall Street
(Reuters) - Salesforce.com Inc's quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.
Reuters - 2013-05-23 Read more
TABLE-Foreign brokers set to buy Japanese stocks
TOKYO, May 24 (Reuters) - Following are orders for Japanese stocks placed through six foreign securities houses before the start of trade on Friday. Japanese Stocks: BUY 24.8 million shares SELL 19.8...
Reuters - 2013-05-23 Read more
Ally settlement may be a boon for ResCap bondholders
NEW YORK (Reuters) - While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal.
Reuters - 2013-05-23 Read more
Analysis: Markets face rough summer ride as Fed pullback feared
NEW YORK (Reuters) - For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.
Reuters - 2013-05-23 Read more