17 September 1991 Reuters News English (c) 1991 Reuters Limited TOKYO, Reuter – Most Asian stock markets, casting around for fresh stimulus, weakened on Tuesday while the dollar declined in late regional trade against the mark. But Tokyo stocks, buoyed by hopes of easier credit, bucked the declining trend with the 225-share Nikkei average up…
1 February 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Feb 1, Reuter – Currency speculators who sparked a fresh crisis in the European monetary system over the weekend brought their heavy guns to bear on Britain’s currency on Monday, ramming the pound to new lows in Tokyo trading. Asian stock markets were mixed. …
20 August 1993 Reuters News English (c) 1993 Reuters Limited TOKYO, Aug 20 (Reuter) – The Japanese government heaved a sigh of relief on Friday after action by the United States yanked the yen back from a close brush with parity with the U.S. cent. But currency traders served notice that the rampant yen was…
17 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 17 – The Philippines” Sugar Regulatory Administration (SRA) has ordered all its reserve stocks and sugar earmarked for the world market to be diverted onto the domestic market in a bid to bring down rising domestic prices, SRA board member Bibiano Sabino told Reuters. Under…
18 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 18 – Foreign companies will be allowed to list their stock on the two stock exchanges In Manila in a move expected to attract foreign investors, Securities and Exchange (SEC) Commissioner Monico Jacob told Reuters. Jacob said the decision followed an Inquiry by…
28 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 28 – The Philippines’ latest coup attempt, the most violent in President Corazon Aquino’s 18 months in office, will severely affect business confidence and create renewed uncertainty for investors, analysts said. Finance Secretary Jaime Ongpin, asked for his reaction to the takeover of parts of…
12 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 12 – Short-term speculators have switched their attention from Manila’s once bullish stock markets to a suddenly booming illegal trade in dollars, brokers and analysts said. They said the black market rate of the U.S. currency has risen alongside a progressive fall in…
13 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 13, Reuter – The Philippine peso has been battered over the past month as speculators moved from once- bullish Manila stock markets to a booming illegal trade in dollars, analysts said on Tuesday. They said the black market rate of the U.S. currency has…
From the Editor Why did god create stock-market analysts? To make weather forecasters look good, runs the rather puerile joke. But seriously, company analysis is an earnest business-in much of the world, that is, except India. I remember in my wire-service days we used to have lively debates on how to report stock price movements…
Last week-end the seesaw battle being waged by Swraj Paul to take over Escorts and DCM slowed to a less suspenseful motion when the London-based industrialist suffered a series of setbacks. The first and predictable one came when Escorts’ Board of Directors refused on June 9 to register 4,62,377 shares lodged by Paul’s brokers Harish…
Take a deep breath and don’t run for the door Reading An Account of the Great Fear, or Grande Peur, that swept across France in July and August of 1789, I was struck by the description of what triggered the French Revolution: “economic concerns, rural panic and the power of rumour” With the BSE Sensex…
Let’s quit beating the bushes and chase the real quarry The government is striving mightily, but the needle is moving inexorably lower on the jobs meter. The Centre for Monitoring Indian Economy (CMIE) and the Bombay Stock Exchange (BSE) jointly produce a weekly unemployment rate based on a sample of about 12,000 adults in the…