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Daily Archives: January 13, 2011
Asian markets up for the 2nd day
For the second day, markets in Asia are up following the rally in the US markets overnight. AMong the major markets, Australian market gains the most gaining as much as 1.5%. Hang Seng is up almost half a percent at … Continue reading
Posted in Headlines, Markets
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Reads
Here are some other headlines for today: World Bank backs efforts to counter rapid inflows Emerging market countries should consider all possible means to prevent rapid and volatile capital inflows destabilising their economies, according to the World Bank. S&P 500 … Continue reading
Posted in Reads
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Philippine picture: 13 Jan
The main index continues its rally for the 2nd day, after consecutive days of falling early this week and last, closing 33 points higher at 4,070, off from more than a percent intraday high earlier this morning. Yesterday PSE inched … Continue reading
Posted in Local News
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Germany reports record growth
Germany yesterday released its latest GDP figure, showing a strong 3.6% growth for 2010. As an export-driven economy, it was no surprise that its strong demand from China for cars, machinery and other goods helped the country achieve its strongest … Continue reading
Posted in Headlines
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Beige Book tells positive story
The Beige Book released yesterday, first for the year, has expressed a positive story citing moderate improvements in all 12 districts covered by the report. This compares to “just” 10 from the one that was released in December. While backward … Continue reading
Posted in Headlines
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Portugal survives bond sale
All eyes were on the bond sale conducted by Portugal yesterday, when the country aimed to borrow 1.25bn EUR. Failure of this would give the signal that investors are not willing to take on debt by the debt-heavy country and … Continue reading
Posted in Headlines
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buzz on the street! 