It’s celebration time in Tamil cinema as host of film personalities who contested the Assembly elections managed to win the polls and march to the Legislative Assembly.
Noted actress and AIADMK supremo J Jayalalithaa emerged winner with a huge margin from Srei Rangam and is all set to form the Ministry in Tamilnadu. Actor and DMDK [...]
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Three cheers for Kollywood
SEC will propose new regulations for credit-raters
Credit-rating agencies will have to disclose more details about their ratings process and better manage conflicts of interest under rules unveiled on Wednesday that are expected to lightly touch industry practices
The proposals are all required by the Dodd-Frank Wall Street overhaul law in an effort to hold the firms such as Moody’s Corp, McGraw Hill’s, [...]
Yen Declines Against Majors
The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded lower at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]
Chile Q1 GDP Up 9.8%
Chile's economy grew at a robust pace in the first quarter led by investment and domestic demand, data released by the central bank showed Wednesday.
Gross domestic product increased 9.8 percent year-on-year, after rising 5.8 percent in the previous quarter. The figure was in line with expectations. The economy expanded for the sixth consecutive quarter. [...]
Greek problems are not minor enough to be resolved by “soft restructuring” says Finnish PM elect
Finland’s PM in waiting Jyrki Katainen told reports that concept of “soft restructuring “could come up in consideration but it is not going to solve Greek problems
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Yen Declines Against Majors
The Japanese yen erased some of its previous session's profits across the board on Wednesday morning in New York. As of 10:10 am ET, the yen traded higher at 81.49 against the US dollar, 83.66 versus the Canadian dollar, 92.24 against the Swiss franc, 115.86 against the euro, 131.53 against the pound, 64.26 against the [...]
US crude futures before the inventory data at 1430 GMT
US NYMEX crude futures was up $1.82 at $98.73 per barrel before EIA inventory data at 1430 GMT
It also got support from yesterdays drawdown in gasoline and distillate stockpiles in API data
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Greek Finmin – Possible Layoffs in Public Sectors to Shrink Liabilities
Russia’s consumer prices rose 0.1 pct in the week to May 16, retaining the same pace as in the previous period, the Federal Statistics Service said
This brings inflation since the start of the month to 0.3 pct
Since the start of the year consumer prices have risen 4.5 pct, compared with 3.7 pct in the corresponding [...]
Canadian Dollar Eases
At 1232 GMT, the Canadian dollar wasat C$0.9742 to the US dollar, or $1.0265, down from Tuesday’sNorth American session end at C$0.9726 to the US dollar, or $1.0282
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Us Stocks to Open Flat to Slightly Higher
S&P 500 futures rose 1.4 points and were about even with fair value
Dow Jones industrial average futures rose 11 points while Nasdaq 100 futures fell 1.5 points
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Euro slips to Session Low
The euro fell to $1.4195, continuing a pullback that began after it hit technical resistance overnight just shy of $1.4290, its 55-day moving average against the dollar
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Us Stocks Open Flat, fED Minutes Eyed
Wall St opened flat as caution before a Fed announcement was balanced against gains by computer maker Dell and a rebound in commodity prices
The Dow Jones industrial average dropped 12.57 points, or 0.10 pct, to 12,467.01
The Standard & Poor’s 500 Index shed 0.62 point, or 0.05 pct, to 1,328.36
The Nasdaq Composite Index lost 1.28 points, [...]
Bulgaria Approves Tougher Illegal Assets Law
The Bulgarian govt approved a long-delayed bill allowing widespread confiscation of illegally obtained assets, a move seen as a powerful weapon against organised crime and corruption
The law, which has still to be passed by the parliament, will allow the state Commission for Establishing of Property Acquired from Criminal Activity to launch its own investigations of [...]
Bulgaria approves tougher illegal assets law
The Bulgarian govt approved a long-delayed bill allowing widespread confiscation of illegally obtained assets, a move seen as a powerful weapon against organised crime and corruption
The law, which has still to be passed by the parliament, will allow the state Commission for Establishing of Property Acquired from Criminal Activity to launch its own investigations of [...]
Malaysia Growth Slows, Inflation Accelerates
Malaysia's economic growth continued to slow for the fourth straight quarter, while inflation accelerated.
The country's central bank today announced measures to liberalize overseas investment, inter-company loans and foreign currency trade financing facilities obtained by residents. The measures are aimed at raising business efficiency and competitiveness of the economy, the bank said.
The real GDP [...]
Portugal Q1 Jobless Rate At 12.4%
Unemployment in Portugal remained high in the first quarter, data released by Statistics Portugal showed Wednesday.
The agency said that starting the first quarter of 2011 it has adopted a new methodology for collection of employment data.
The jobless rate for the first quarter came in at 12.4 percent. In the fourth quarter, the unemployment [...]
US stocks open flat, Fed minutes eyed
Wall St opened flat as caution before a Fed announcement was balanced against gains by computer maker Dell and a rebound in commodity prices
The Dow Jones industrial average dropped 12.57 points, or 0.10 pct, to 12,467.01
The Standard & Poor’s 500 Index shed 0.62 point, or 0.05 pct, to 1,328.36
The Nasdaq Composite Index lost 1.28 points, [...]
Euro Steadies As IMF Chides Greece
The euro gained on the broadly weaker sterling as the International Monetary Fund warned Greece it will need to make deeper budget cuts in exchange for further aid.
The IMF, with its leader Dominique Strauss-Kahn in jail in New York on sex assault charges, is urging Athens to adopt new reforms in the coming months. [...]
Actor Vijay is in all smiles as Political Vijay Now
Actor Vijay, who openly expressed his support for the AIADMK combine in the Assembly elections is in all smiles. His father and popular filmmaker S A Chandrasekhar addressed public meeting in the run up to the elections. Vijay’s Makkal Iyakkam expressed support for Jayalalithaa and campaigned for the AIDMK alliance.
Vijay is obviously happy at the [...]
Actor Rajini daughters visit Jayalalitha
Rumours were spreading thick and fast on Rajinikanth’s health across the State on Friday even as the results of AIADMK victory in Assembly elections were out.
Eventually Latha Rajnikanth clarified it as mere rumours and said Rajinikjanth is all fine and fit. Meanwhile Rajinikanth’s daughters Aishwarya and Soundarya immediately visited AIADMK chief Jayalalithaa’s house in Poes [...]
