Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: VAT Audit :: form 3cd
 
 
Mergers and Acquisitions »
  IBBI pitches for market driven mechanism for mergers, acquisitions
 Air India disinvestment: Govt invites applications from investment bankers, law firms
 Govt seeks advisers for Air India disinvestment
 India Inc's M&A value dips 46 percent in August: Grant Thornton
 Deals of the day-Mergers and acquisitions Sep 12, 2017,
 Deals of the day-Mergers and acquisitions Sep 5, 2017
 Nationalised Banks Exempted From CCI Approval For Mergers
 Deals of the day- Mergers and acquisitions Aug 29, 2017,
  NCLT process will cleanse the system; another Swachh India in the making
 Understanding Mergers & Acquisitions in India
 Acme, Inox explore exit from renewable energy projects won at record low tariffs

US data, M&A lifts stocks; payrolls, Egypt eyed
February, 04th 2011

Japanese shares rose on Friday, lifted by news of a mega merger in the steel sector, while a rebounding dollar put a slight dent in a commodities rally that saw copper hit a record $10,000 a tonne in the previous session.

While there are signs that the global economy is gaining momentum, many market players were on the sidelines, eyeing developments in Egypt after the White House was said to be discussing the immediate resignation of Hosni Mubarak as one of several scenarios for a transition of power.

The US move comes after 10 days of anti-government protests in Egypt and ahead of a mass "Day of Departure" rally planned by protesters in Cairo's Tahrir Square on Friday to force Mubarak to quit.
Clashes between pro- and anti-Mubarak demonstrators have fueled fears of possible disruptions to energy supplies and boosted crude oil prices, which were headed for a second straight week of gains.

Brent crude for March gained 31 cents on Friday to $102.07 a barrel at 0525 GMT, after touching $103.37 on Thursday, the highest intraday price since Sept. 26 2008, and then sliding on a stronger dollar. US crude rose 39 cents to $90.93.

Japan's Nikkei shares gained 1.1%, lifted by steelmakers which surged on news of a mega merger in the sector that would create the world's second largest steel producer.

Tough competition from steelmakers in China and India, shrinking demand from domestic automakers and rising prices for raw materials such as coal and iron ore prompted the deal which would likely see Nippon Steel acquiring Sumitomo Metal, valued at $11 billion.

Shares of Nippon Steel and Sumitomo Metal rallied sharply, rising 9% and 16%, respectively.

"The news will likely raise expectations that more Japanese companies will seriously try to increase their competitive edge in the global market," said Shinichiro Matsushita, a senior market analyst at Daiwa Securities.

"On top of last week's NEC-Lenovo deal, these deals will boost investor sentiment towards Japanese stocks."

The Nikkei has risen 3.1% so far this year and is Asia's top performing market as investors continue to favour developed markets over emerging markets that are battling with high inflation and political risk. The MSCI Asia ex-Japan index is up just 0.6%.

Australia's key stock index rose 0.9% as heavyweighted commodity-related stocks rallied. Most other markets in Asia remained shut for the Lunar New Year holidays and will reopen on Monday.

Spurred by further signs that the global economic recovery is gaining traction and speculative buying, copper hit $10,000 a tonne for the first time in London overnight, before easing slightly.

Sugar retreated as well after spiking to 30-year tops on Wednesday as a killer cyclone battered Australia's sugar cane fields. Wheat rebounded after a brief decline, staying near the 2008 highs seen in the last session after a snowstorm that paralyzed the US grain belt.

Surging food prices have come back into the spotlight after they helped fuel the discontent that toppled Tunisia's president in January and spilled over to Egypt and Jordan.

Global food prices tracked by a UN agency hit their highest level on record in January.

Markets fear many central banks may have to take more aggressive action to contain growing inflationary pressures, which could dampen global growth.

Weighing on commodity prices on Friday was a rebound in the US dollar as stronger-than-expected growth in the US services sector showed a resilient economy.

Rising service-sector activity, improved jobless claims figures and stronger-than-expected retail figures in the US have raised confidence ahead of Friday's payrolls report that is expected to show the economy adding 145,000 jobs in January.

A strong jobs report could help the dollar extend gains against the euro.

The euro was on the defensive after its more than 1% drop overnight after European Central Bank President Jean-Claude Trichet threw cold water on expectations of a rise in Eurozone interest rates.

The single currency was trading at $1.3633 by the afternoon in Asia, moving further away from a 12-week high of $1.3862 set on Wednesday.

Source: http://www.business-standard.com/india/news/us-data-ma-lifts-stocks-payrolls-egypt-eyed/124685/on

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions