SHANGHAI—The Shanghai Stock Exchange launched a board to quarantine the shares of troubled companies and curb speculation in them. The Risk Alert Board opened Friday with 43 listings, many of companies that have been threatened with delisting if they fail to address shortcomings—most likely through restructuring
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Shanghai Exchange Launches Risky-Share Board
By DANIEL INMAN Japanese stocks jumped to their highest level since March 2011 as the market got its first chance to react to the U.S. budget resolution, while other markets pulled back after the U.S.
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Nikkei Surges On 2013 Trading Debut
Rising earnings estimates on the back of strong first-quarter fiscal 2013 results, which included a 58.1% earnings surprise, helped this diversified education provider DeVry, Inc. ( DV ) achieve a Zacks #1 Rank (Strong Buy) on December 29. This stock turned around from past few quarterly results and has bright prospects going forward.
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DeVry, Inc.: A Strong Buy – Analyst Blog
Platino Energy Corp. began operations today as a newly formed exploration, evaluation and development business focused on the Morpho, Coati, AndaquÃÂes and Putumayo-8 Blocks in Colombia. Platino was formed as a result of a plan of arrangement involving C&C Energia Ltd., Pacific Rubiales Energy Corp.
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Platino Energy Launches Operations With Colombia Focus
Currencies remain mixed as the U.S. fiscal cliff weighs on the U.S. dollar on this final trading day of 2012.
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U.S. dollar flat ahead of the fiscal cliff deadline
By PETER NURSE Europe’s stock markets opened slightly lower Monday, amid uncertainty surrounding the negotiations aimed at reaching an agreement to avoid the U.S. “fiscal cliff” package of year-end tax increases and spending cuts
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Europe’s Year in Stocks: A 14% Climb
By PETER NURSE Europe’s stock markets opened slightly lower Monday, amid uncertainty surrounding the negotiations aimed at reaching an agreement to avoid the U.S. “fiscal cliff” package of year-end tax increases and spending cuts
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Europe’s Year in Stocks: A 14% Climb
By GURDEV SINGH VIRK MUMBAI–Indian shares closed flat on the last trading day of 2012, but were among the world’s top gainers this year thanks to persistent buying interest from foreign funds, attractive valuations, and the government opening the economy to more overseas investment. The Bombay Stock Exchange’s 30-stock Sensitive Index ended down 18.13 points, or 0.1%, at 19,426.71. It gained 25.7% for the calendar year–its biggest annual gain since 2009.
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India Sensex Gains 26% in 2012
Article Excerpt BY TAKASHI NAKAMICHI AND TATSUO ITO Unusual explicitness from Japan’s new leaders has helped convince the market they are serious about weakening the yen to revive the nation’s embattled exporters, but such moves threaten to complicate Tokyo’s relations with the U.S. and other major trading partners. Many central banks, including others in Asia as well as in Latin America, have been trying to keep their currencies from becoming too strong after the Federal Reserve and European Central Bank adopted super-loose monetary policies that have suppressed their currencies
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Japan’s Yen Drive Could Spark Copycats
UBS paid $1.5 Billion for manipulating Libor, and Barclay`s already paid the piper for manipulating the Libor rate. Well, it is about time the CFTC get its act together, and start going after the culprits who rig the oil and gasoline markets costing consumers and businesses a mafia tax by paying prices much higher than the markets should be priced based upon supply and demand fundamentals in the consumption marketplace
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Gasoline & Oil Markets Rigged Far Worse Than Libor