AstraZeneca Pharma Book Closure for Dividend & AGM

AstraZeneca Pharma Ltd has nnounced that the Register of Members & Share Transfer Books of the Company will remain closed from May 05, 2009 to May 18, 2009 (both days inclusive) for the purpose of payment of dividend & 30th

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Categories: Market News, World Economy
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Infomedia 18 Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 11, 2009, for considering a proposal for issue of shares on rights basis to the existing shareholders

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Categories: Right Issue
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3M India Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from April 23, 2009 to April 29, 2009 (both days inclusive) for the purpose of Annual General Meeting (AGM)

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Larsen & Toubro Ltd (L&T) has informed BSE regarding a Press Release dated April 09, 2009 titled “L&T bags Rs 605 Cr Orders from Water & Steel Sectors”

Categories: Market News
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Crude oil prices : April Target $58

Oil has gained more than 15% since the start of the year. Crude oil’s price has risen back above $50 a barrel for the first time in ten weeks, pushed higher by a weaker dollar and hopes of an economic upturn, so where are they actually moving – as no one know by putting stop loss of $48 one can go long for target price of $58- $60.

Oil gained after the US Federal Reserve announced a plan to buy $1.2tn of

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Categories: Forex, US Markets, World Economy
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China purchasing managers index rose to 52.4 from February’s figure of 49

The purchasing managers index from the state-sanctioned China Federation of Logistics and Purchasing rose to 52.4 from February’s figure of 49. Any figure above 50 indicates an expansion in the manufacturing sector.

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Categories: World Economy
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Weekly  US Dollar Trading

• USD extends ranges in some pairs, volumes light after fix
• Majors hold important S/R
• Stops likely waiting on either side of the market

Summary:
The USD ends mixed today after another volatile two-way session; some pairs extending their ranges during New York trade. Most action was ahead of the London fix as US fundamentals were released as well as overseas news

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Daimler, which makes Mercedes Benz cars, has sold a 9.1% stake to an Abu Dhabi state investment fund.

The fund, Aabar Investments, will invest 1.95bn euros (£1.83bn;$2.7bn), becoming the biggest shareholder. The move comes after Daimler reported a net loss of 1.53bn euros in final quarter of 2008 as the global downturn hit demand for luxury cars and trucks.

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Categories: Money, US Markets
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Number of people employed in the US fell by 663,000 in March

Number of people employed in the US fell by 663,000 in March, according to figures from the Department of Labor. The figure was higher than had been expected and the highest for more than 26 years.

Since the recession began in December 2007, 5.1 million jobs have been lost, 3.3 million of them in the past five months. The jobless rate rose to 8.5% from February’s figure of 8.1%, meaning it is still at its highest since 1983.

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Categories: US Markets, World Economy
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UK Housing : prices drop of 1.9% in March

UK house prices fell by 1.9% in March compared with the previous month, according to the Halifax. The lender – now part of Lloyds Banking Group – said that conditions in the housing market would remain tough for the rest of the year.

The average UK home now costs £157,226, at least £30,000 less than a year ago. The figures failed to echo the slight rise in prices in March reported by

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Categories: Real Estate., World Economy
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