U.S. May existing-home sales rise 2% to 4.99 million pace
U.S. May existing-home inventory falls to 10.8 month supply
U.S. May existing-home median price down 6.3% in past year
U.S. existing-home sales down 15.9% in past year
U.S. May existing-home sales rise as expected
U.S. May existing-home sales rise 2% as expected
Thursday, June 26, 2008
USA data
U.S. Q1 GDP up 1.0% vs 0.9% prev est.
U.S. Q1 GDP just below 1.1% forecast
U.S. Q1 core PCE up 2.3% vs 2.1% prev est.
U.S. Q1 corporate profits down rev 0.3% vs up 0.3% prev est
U.S. weekly initial jobless claims unchanged at 384,000
U.S. 4-wk. avg. initial jobless claims up 2,250 to 378,250
U.S. continuing jobless claims rise 82,000 to 3.14 mln
U.S 4-wk. avg. continuing jobless claims rise to 3.10 mln
U.S. Q1 core PCE up 2.3% vs 2.1% prev est.
U.S. Q1 corporate profits down rev 0.3% vs up 0.3% prev est
U.S. Q1 GDP just below 1.1% forecast
U.S. Q1 core PCE up 2.3% vs 2.1% prev est.
U.S. Q1 corporate profits down rev 0.3% vs up 0.3% prev est
U.S. weekly initial jobless claims unchanged at 384,000
U.S. 4-wk. avg. initial jobless claims up 2,250 to 378,250
U.S. continuing jobless claims rise 82,000 to 3.14 mln
U.S 4-wk. avg. continuing jobless claims rise to 3.10 mln
U.S. Q1 core PCE up 2.3% vs 2.1% prev est.
U.S. Q1 corporate profits down rev 0.3% vs up 0.3% prev est
Caterpillar
Caterpillar Inc said Thursday that it will invest $200 million over four years to increase its manufacturing capacity in India. The company said the move is part of its strategic plan to increase its manufacturing footprint in the Asia-Pacific region
US banks
expects write-downs of $9 billion for Citi in the second quarter and $4.2 billion in the second quarter for Merrill Lynch
Goldman Sachs cut its rating on U.S. brokers to neutral from attractive,
Goldman Sachs cut its rating on U.S. brokers to neutral from attractive,
Tech Mahindra inks pact with Telecom Fiji
UK-based Renold has acquired a 75% stake in the industrial chain business of LG Balakrishnan & Bros (LGB).
Rayban Sun Optics India announced on Wednesday the promoters of the company, Ray Ban Indian Holdings proposed for a voluntary delisting of the shares of the company from the Bombay Stock Exchange.
Apollo Hospitals contemplates Rs 14 bn expansion plan
KSK Energy IPO subscribed 1.5 times
UK-based Renold has acquired a 75% stake in the industrial chain business of LG Balakrishnan & Bros (LGB).
Rayban Sun Optics India announced on Wednesday the promoters of the company, Ray Ban Indian Holdings proposed for a voluntary delisting of the shares of the company from the Bombay Stock Exchange.
Apollo Hospitals contemplates Rs 14 bn expansion plan
KSK Energy IPO subscribed 1.5 times
Essar withdraws bid to buyout Esmark
Coromandel Fertilisers sets up new subsidiary in Mauritius
Pantaloon Retail raises Rs 2.25 bn from promoter group co.
Solitaire Machine Tools tied up with O.ERRE.PI an Italian machine tool manufacturer to rebuild high value grinding machine for SKF India
LG Balakrishnan & Bros rallied further on Thursday as the company agreed to sale 75% stake in its industrial chain business to UK-based Renold.
Aban Offshore has received a contract to drill 3 wells in Malaysia. The estimated revenue from the contract is USD 17 million for 90 revenue days.
Diamond Cables bags Rs 900 mn order from Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGY) for Mehsana and Patan districts of Gujarat.
Sun Pharmaceutical Industries announced that a subsidiary of the company has exercised the option under its option agreement to acquire all the shares held by the controlling shareholders of Taro Pharmaceuticals Industries.
ITC Infotech is set to end its BPO equal joint venture with US-based Sitel Corporation, ITC has showed unwillingness to renew the joint venture agreement that ended in May this year.
Coromandel Fertilisers sets up new subsidiary in Mauritius
Pantaloon Retail raises Rs 2.25 bn from promoter group co.
Solitaire Machine Tools tied up with O.ERRE.PI an Italian machine tool manufacturer to rebuild high value grinding machine for SKF India
LG Balakrishnan & Bros rallied further on Thursday as the company agreed to sale 75% stake in its industrial chain business to UK-based Renold.
Aban Offshore has received a contract to drill 3 wells in Malaysia. The estimated revenue from the contract is USD 17 million for 90 revenue days.
Diamond Cables bags Rs 900 mn order from Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGY) for Mehsana and Patan districts of Gujarat.
Sun Pharmaceutical Industries announced that a subsidiary of the company has exercised the option under its option agreement to acquire all the shares held by the controlling shareholders of Taro Pharmaceuticals Industries.
ITC Infotech is set to end its BPO equal joint venture with US-based Sitel Corporation, ITC has showed unwillingness to renew the joint venture agreement that ended in May this year.
Tata Teleservices Maharashtra (TTML) announced the launch of `Let`s Rock`, a student-friendly plan. The plan worth Rs 299 has three years validity and has attractive day and night call tariffs.
The Maharashtra state government has decided to construct the Rs 60 billion Nhava-Sewri sea link project on its own, rejecting the bids placed by Mukesh Ambani-led RIL
Electrosteel Casting to commence work in Jharkhand mine next year
ONGC expects gas production from KG basin in 2013
USA economy
MBA's purchase index dropped 7.4 percent in the June 20 week
Crude oil stocks rose 0.8 million barrels in the June 20 week to 301.8 million but are still down a steep 14.4 percent year-on-year
FOMC announcement kept the fed funds target rate at 2.00 percent as expected
Crude oil stocks rose 0.8 million barrels in the June 20 week to 301.8 million but are still down a steep 14.4 percent year-on-year
FOMC announcement kept the fed funds target rate at 2.00 percent as expected
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