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Asia stocks drop amid recession fears, debt crisis

BANGKOK (AP) — Asian stock markets fell Monday as investors grew increasingly convinced that Greece would default on its debts, an event that economists say has the potential to spark a global downturn.
Oil prices hovered below $80 per barrel while the dollar strengthened against the euro but was lower against the yen.
Japan’s Nikkei 225 index [...]

Read More » No commentSeptember 26, 2011

Asia Extends Slide

Asian stocks ended mostly lower in choppy trade Friday, extending losses amid a global market rout, but some markets came off lows as a Group of 20 nations statement gave a slight boost to sentiment.
“This type of move was inevitable. Traders are now facing up to fact that central banks could be coming to the [...]

Read More » No commentSeptember 24, 2011

Thai Real Estate, Sansiri, Supalai, Asian Property, Apex

Thailand listed real estate firms are extremely undervalued at the moment Sansiri, Supalai, Asian Property, Apex are quality companies with strong balance sheets and a very positive outlook.
Sansiri Public Company Limited (Sansiri) is a Thailand-based company engaged in real estate business. The Company is principally engaged in property development with its properties consisting of land [...]

Read More » No commentJuly 26, 2011

Philippines Stocks at All Time High

In Manila today the Philippine Stock Exchange index added 9.64 points or 0.21 percent to 4,485.65, closing at a record high for the third day in a row.
The mining/oil counter continued to outperform other sectors, rising by 4.89 percent. The financial and industrial counters also ended in positive territory, making up for the slump in [...]

Read More » No commentJuly 19, 2011

China rate hike fuels retreat in stock markets

LONDON (AP) — Another rate hike in China and a warning from a leading credit rating agency that Portugal may need another financial bailout sent stocks sharply lower on Wednesday.
Stocks were already lower when the People’s Bank of China announced it was raising its benchmark rate for one-year loans by 0.25 [...]

Read More » No commentJuly 6, 2011

World markets stall after Greece gets debt warning

BANGKOK (AP) — World stocks stalled Tuesday after comments on Greece by Standard & Poor’s underlined that the debt laden country may be unable to avoid defaulting.
Oil prices hovered below $95 a barrel while the dollar rose against the yen and the euro.
In early European trading, Britain’s FTSE 100 rose 0.1 percent [...]

Read More » No commentJuly 5, 2011

Bank of Moscow is To Be Provided With State Aid

Bank of Moscow will be provided with state aid at lucrative conditions for the current shareholders: the bank will receive a 10 year loan at only 0.51% interest rate. However, according to the data provided, more than a half of the bank’s gross loans are to be treated as bad loans, which cast a shadow [...]

Read More » No commentJuly 5, 2011

Japan’s Central Bank Said Domestic Production and Demand is Picking Up

Bank of Japan Governor Masaaki Shirakawa Tokyo head office in the morning of 4 branches of Governors meeting held on the speech, saying “in household consumption and business confidence are gradually improving the situation, production and domestic private demand signs of recovery “that the economy is picking up.
Shirakawa said that a major earthquake in Japan [...]

Read More » No commentJuly 5, 2011

Brokers positive with stock market after election

BANGKOK, 4 July 2011 (NNT) – Brokers are positive that the stock market this week will shoot up after a new government is certain to have gained more than half of MP seats in Parliament while new economic policies must be monitored closely.
Asia Plus Securities CEO Kongkiat Opaswongkarn stated that the election result showed that [...]

Read More » No commentJuly 4, 2011

Thailand’s SET Index rose 4.11% election dust has settled

Broad based Asia-Pacific markets, including Thailand’s SET index closed at 1084.28 points in early trading, rose 42.80 points, or 4.11%.
News, Thailand’s Democratic Party leader Abhisit 4 morning announced his resignation. Abhisit admitted the evening of 3 at the House of Commons on the day the election defeat, he delivered a speech at [...]

Read More » No commentJuly 4, 2011