Discussing the potential nuclear civil agreement between the U.S. and India, Julie Dickson, head of client portfolio management for equities at Ashmore, says India is a "sweet spot" for investment.» Read More
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BANGKOK, Oct 9- Following is some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- POLYPLEX PCL.
The Indian government ruled out an inquiry into allegations of improper dealings between the son-in-law of India's most powerful politician, Sonia Gandhi, and property developer DLF Ltd, even as the firm's shares plunged on the claims.
Olivier Blanchard, Chief Economist, IMF says he believes it will take many years before the global economy emerges from the current soft patch.
TAIPEI, Oct 9- Taiwan stocks traded flat after a fall at the opening on Tuesday, while HTC. The Taiwan dollar was up by T $0.113 to trade at T $29.289. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday on a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.
GLOBAL MARKETS-Stocks, oil falter on view on China economy. STOCK TO WATCH- ALLIANCE GLOBAL GROUP INC. Shares of conglomerate Alliance Global, which have risen sharply over the past month, could reverse, technical charts suggest.
TAIPEI, Oct 9- Following are news items and media reports that may affect the Taiwan stock market. REUTERS HEADLINES> Taiwan exports return to growth in Sept. >Intel's McAfee security plans layoffs.
SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- DBS GROUP HOLDINGS LTD. -Southeast Asia's largest bank DBS said on Monday this year it will be holding its board meeting in Taiwan for the first time, in a move aimed at underscoring the importance of the market to the bank.
TOKYO-- Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Conditions could worsen if the United States doesn't deal with its budget crisis soon, the IMF said.
Steve Brice, Chief Investment Strategist, Standard Chartered Wealth Management Group says that India is likely to deliver on its reform agenda but the time horizon for the changes remains uncertain.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.
rose 38 cents to $89.71 a barrel in early Asia trading, after dropping 55 cents the previous session. *Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.
MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.
CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.
Oct 9- China's economic growth is expected to weaken to 7.8 percent this year, the International Monetary Fund said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff".
Oct 8- Chemicals maker TPC Group Inc on Monday said it received a buyout proposal from Innospec Inc. Private equity firms First Reserve Corp and SK Capital Partners in August had offered $627.2 million to acquire TPC. Innospec, a specialty chemical maker, could offer $44 to $46 per share in cash, TPC said in a statement on Monday.
The blackout that swept the country at the end of July — and the underlying infrastructure problems it exposed — are glaring threats to the country's economic expansion.
The government's policy changes, announced in September, were a pleasant surprise for investors who until a few months back nurtured little hope for India's economy.
India can be a daunting place to invest, considering its tumultuous politics and wavering economy. But recent government reforms are giving investors hope the economy will grow.