FAO wants price curbs, warns of food crisis - report
Rules are needed to curb speculation in surging commodity prices as the world heads towards a food crisis that threatens political instability, the head of the U.N.'s food agency said.
Mysterious crop circle in Indonesia baffles onlookers
Thousands of curious onlookers are flocking to get a closer look at a crop circle in a rice field in Indonesia after rumors spread that it was formed by a UFO.
Post-Market NASDAQ Movers (TUES, RVSN, SPPI, SWKS, CVVT, SIFY, REDF, WGOV, ACTG, MSHL)
The top after-market NASDAQ stock market gainers are: Tuesday Morning, Radvision, Spectrum Pharmaceuticals, Skyworks Solutions, and China Valves Technology. The top after-market NASDAQ stock market losers are: Sify Technologies, Rediff.com India, Woodward Governor, Acacia Research, and Marshall Edwards.
RBI raises key interest rates by 25 bps
The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.
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Gold and silver technicals: Good entry points at 150, 100 SMAs?
The yellow and white precious metals have pared most of Monday's Asian gains in North American trading but the metals see strong supports at current levels as the sharp correction in recent days have already brought them to technically justified points of entry.
S.Africa rand recovers from 8-week low, bonds weak
South Africa's rand firmed slightly against the dollar on Monday, recovering from near 8-week lows seen at the end of last week as the greenback wobbled and metal prices rose.
Ugandan central bank intervention supports shilling
The Bank of Uganda said on Monday it was intervening in the foreign exchange market by selling hard currency BOUG00, helping to push the shilling up to levels last seen nearly three weeks ago.
Nigerian naira firms as oil companies sell dollars
The Nigerian naira firmed slightly on the interbank market on Monday after three energy firms sold dollars, traders said.
Kenyan shilling steady vs dollar, stocks dip
The Kenyan shilling ended unchanged on Monday against the dollar but is expected to come under pressure from end-month corporate dollar demand while stocks eased as investors sold off Kenya Power and Lighting.
Ghana cedi slides further on corporate demand
The Ghana cedi extended record losses against the greenback on Monday as corporate demand for the dollar remained high and inflows sluggish, traders said.
Motorola Sued by Huawei for Patent Infringement
Telecom services provider Huawei Technologies Co. Ltd. filed a lawsuit on Monday against Motorola and Nokia Siemens Networks for intellectual property infringement.
RadioShack plunging on chairman’s retirement
RadioShack Corp. (RSH) stock is plunging on news that its chairman and chief executive officer, Julian Day, will retire in May. The company also posted preliminary fourth-quarter earnings that fell below analyst’s expectations.
Google Grants $100 Mln Equity to Eric Schmidt
Search giant Google said it will award $100 million worth of equity to Eric Schmidt, who will step down as the company's chief executive in April to make way for co-founder Larry Page.
OmniVision Technologies downgraded at Robert W. Baird
Robert W. Baird downgraded rating of OmniVision Technologies Inc. (OVTI) to 'neutral' from 'outperform' with a price target of $34, based on limited upside potential near-term.
Pre-Market NASDAQ Movers (CLDA, GXDX, OCCF, NVDA, ATPG, MIPS, OVTI, VECO, MNKD, ASML)
The top pre-market NASDAQ stock market gainers are: Clinical Data, Genoptix, Optical Cable, NVIDIA, and ATP Oil & Gas. The top pre-market NASDAQ stock market losers are: MIPS Technologies, OmniVision Technologies, Veeco Instruments, MannKind, and ASML Holding.
Eurozone PMIs reveal solid start to the year
Factories in the euro area witnessed strong price increases in January while the services sector too posted better-than-expected growth, suggesting the eurozone has made a solid start to the year.
Pre-market movers on Jan. 24
The companies whose shares are moving in pre-market trade on Monday are: Nvidia, First Solar, Sara Lee, Micron Technology, Halliburton, Radioshack, Salesforce.com and Carnival Corp.
China’s overseas oil dependence ratio shot up last year
Crude oil imports by China surged in 2010, taking the nation’s overseas oil dependence ratio to more than 55 percent, a media report said on Monday.
US futures edge lower ahead of earnings
Futures on major U.S. indices point to modestly lower opening on Monday as investors awaited the earnings from major firms including McDonald's and Texas Instruments.
German services sector output reaches record high
Business activity in Germany increased sharply in January, mainly boosted by a strong expansion in output of the services sector.
Stocks in Focus
The companies which are expected to see active trade on Monday are: Texas Instruments, American Express, Amgen, McDonald's, CSX, Halliburton and Sealed Air.
Pre-Market Earnings Preview For Jan. 24 (HAL, MCD, STLD, SEE, PETS)
The companies that are expected to report earnings for Monday before the market opens are: Bank of Hawaii, Halliburton, McDonald's, PetMed Express, Steel Dynamics, Sealed Air, Wintrust Financial, Sensata Technologies Holding, and Twin Disc.
China’s GDP to slow to 9.8 pct in 2011; inflation at 3.7 pct
China’s economy is estimated to grow at 9.8 percent in 2011, with inflation likely to reach 3.7 percent.
Asia stocks concede early gains, sentiment wary
Asian stocks rose on mild bargain buying after a sell-off last week, while the euro hovered near a nine-week high before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.
BSE Sensex to open up; RIL, SBI in focus
The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.
BSE Sensex up in choppy trade, SBI leads
The BSE Sensex was up 0.8 percent on Monday led by financial firms, but trading was choppy a day before the Reserve Bank's monetary policy and mixed Asian markets.
RBI almost certain to raise rates on Jan. 25
The Reserve Bank of India (RBI) is expected to resume its rate hike cycle at its quarterly monetary policy review next week as soaring inflation stalks Asia's third-largest economy.
India tops global consumer confidence survey - Nielsen
Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.
World tourism will wake up to new sunshine by 2020
Europe will continue to be the top region for inbound travel with number of arrivals expected to be about 717 million by 2020, and India will lead in South Asia region for maximum number of arrivals.
UBS upbeat on China, MidEast, warming to Europe
Swiss bank UBS AG's Global Asset Management unit is very upbeat on the Middle East and is also a bit more bullish on opportunities in Europe than others, its head said on Sunday.
China GDP seen rising 9.8 pct in 2011 - think tank
China's gross domestic product is expected to grow 9.8 percent in 2011, with inflation likely to stand at around 3.7 percent for the year, the official China News Service said, citing a government think tank.
Apple’s App Store reaches 10 billion download milestone
Apple announced Saturday that over 10 billion applications have been downloaded from its App Store.
Mahindra's plane to cost 20 percent less than Cessna’s
Indian business conglomerate Mahindra & Mahindra is set to launch its first indigenously built aircraft priced 20 percent lower than similar aircraft sold by the market leader, Cessna.
Unbacked Money, 40 Years On
2011 will mark 40 years since the United States' government finally stopped redeeming its dollars for gold. That ended over 250 years of formal gold backing for the West's dominant currencies. It also took the entire world off precious-metal money for the first time in 5,000 years of civilization.
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