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Archive for  December 2012

    • News Desk
    • Dec 11th, 2012
    • Comments Off on China’s economic recovery intact, but weak exports to drag

    China's exports growth slowed sharply to a much lower than expected 2.9 percent in November, a customs report said on Monday, underscoring the global headwinds dragging on an economy showing otherwise solid signs of a

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  • Germany's trade surplus narrowed in October to its lowest level in over half a year as exports posted meagre growth in the face of weakening demand from the country's recession-hit European partners. The figures added

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    • News Desk
    • Dec 11th, 2012
    • Comments Off on Car sales plunge, highlighting shrinking French economy

    France's central bank said on Monday it expected the euro zone's second-largest economy to contract in the fourth quarter of 2012, a state underlined by data showing tumbling car sales. The Bank of France repeated

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    • News Desk
    • Dec 11th, 2012
    • Comments Off on Key hurdle cleared as ministers approve single EU patent

    EU industry ministers approved on Monday the creation of a single patent system across most of Europe - a scheme some 40 years in the making. "It's a historic decision that will stimulate innovation and

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    • News Desk
    • Dec 11th, 2012
    • Comments Off on Egypt’s bourse drops after opposition rebuff on constitution

    Egypt's bourse fell on Monday as local investors booked the previous session's gains after the main opposition coalition rejected Islamist President Mohamed Morsi's plan for a constitutional referendum. Opponents accused Morsi of plunging Egypt deeper

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  • Hong Kong shares rose on Monday, led by China-related stocks, as hopes of an economic revival encouraged investors to load up on mainland-related property, banking and resource businesses. The Hang Seng index climbed 0.4 percent

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    • News Desk
    • Dec 11th, 2012
    • Comments Off on Monday’s midday trade: Wall Street gains on McDonald’s and tech stocks

    US stocks rose on Monday, aided by gains in McDonald's and technology stocks, but moves remained muted as investors looked for any signs of movement on the "fiscal cliff" front. Developments in Europe also served

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  • Australian shares edged up marginally on Monday, but a disappointing rise in home loans brought the benchmark index off early highs made on positive US jobs data and industrial output and retail sales figures from

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  • Singapore shares edged up to their highest in 16 months on Monday while most other Southeast Asian stocks also ended higher on optimism over the rising factory output growth in China and falling unemployment rate

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    • News Desk
    • Dec 11th, 2012
    • Comments Off on Seoul shares flat; Samsung Elec hits lifetime high

    South Korean shares closed flat on Monday after profit taking by local institutional investors pared early gains, though market heavyweight Samsung Electronics Co Ltd ended at an all-time high the third time out of the

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