ECONOMY & MARKETS

World Market Overview 29/03/2011

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U.S. stocks gave up modest gains to turn lower in the final minutes of Monday's trading session, as financials and materials sectors joined consumer and tech stocks in the red.

Quake wipes out 3 pct of Japan's LPG demand

IAEA’s latest update on Fukushima Nuclear Plant
Three percent of Japan's total demand for LPG has been wiped out by the earthquake that hit the county earlier this month, though intensive buying by the Tokyo Electric Power Company (Tepco) could compensate for the reduction in demand to some extent.
Traders work on the floor of the New York Stock Exchange

US stocks advance after economic data

U.S. stocks advanced in early trade on Monday, following better-than-expected economic reports on Personal spending and pending home sales in February.
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Traders work on the floor of the New York Stock Exchange

World Market Overview 28/03/2011

U.S. stocks gained for the third consecutive day on Friday as investors shook off global fears and focused instead on upbeat earnings.
Japan Gov.does not allow TEPCO to resume reactor operations as the sustained nuclear crisis

Americans Favor Moratorium On New Nuclear Reactors

While a drop in public support for nuclear power would be expected after an incident like the Fukushima reactor crisis, the nuclear disaster in Japan has triggered a much stronger response among Americans.
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US futures point to higher opening after GDP data

Futures on major U.S. stock indices continued to point to a higher opening on Friday after government data showed that US economic activity grew at a 3.1 percent annual rate in the fourth quarter.

Did China's VanceInfo Win a Yahoo Contract?

In a series of postings from mid to late February on 51Jobs.com (the Monster.com of China), VanceInfo Technologies Inc. (NYSE: VIT) has advertised numerous positions for onsite assignments at Yahoo China. VanceInfo is an information technology (IT) service provider and an offshore software development company in China.
Merck's fourth-quarter expectations top expectations

Merck shingles vaccine gets FDA OK for more patients

Merck & Co Inc. (NYSE: MRK)'s shingles vaccine Zostavax is now approved by the US Food and Drug Administration (FDA) for people aged 50 and older. Zostavax was originally approved on May 2006 to prevent herpes zoster, commonly known as shingles, in individuals 60 years of age and older.
Traders work on the floor of the New York Stock Exchange

World Market Overview 25/03/2011

US stocks ended higher on Thursday as investors are shrugged off bad news and focused on some positive developments from the US corporate sector.
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Baker Hughes Stock Hits New High After UBS Upgrade

UBS Securities upgraded its rating on shares of Baker Hughes Inc. (NASDAQ: BHI) to buy from neutral and increased its price target to $87 from $73. The stock touched a new 52-week high of $72.40 during Thursday's early trade.
Traders work on the floor of the New York Stock Exchange

US stocks advance after jobs data

U.S. stocks advanced in early trade on Thursday after official data showed that applications for jobless benefits fell more than expected last week, recording a drop for a second consecutive week.

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