Markets

Bank of America scraps overdraft fees

Bank of America said Wednesday that it is ending debit overdraft fees on purchases this Summer. With Bank of America’s new policy, debit card purchases that would push checking account overdraft will be declined for new customers beginning in June, and for existing customers starting in early August.
Customers who attempt to withdraw insufficient funds at [...]

New Zealand holds interest rate unchanged

The New Zealand Reserve Bank today left the benchmark interest on hold at 2.5% and reiterated it expects to start hiking the cost of borrowing from the middle of the year. In his statement today, Reserve Bank Governor Alan Bollard said the New Zealand economy is recovering broadly as expected and growth is predicted to [...]

Paul Ebeling on American International Group, Inc. (AIG), AMR Corporation (AMR), Apple, Inc (APPL), and Citigroup, Inc.(C)

US Telecoms lead the Bull charge on Wall St 1 yr after market hit bottom
Exactly one year after US stocks fell to their worst close in more than 12 yrs, the US market spent most of Tuesday looking for direction, as it appears that some rotation is beginning into financials, telecoms and some under performing [...]

India and Singapore Exchanges in discussion

10 March 2010 – National Stock Exchange of India Limited (NSE) and Singapore Exchange (SGX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of a market for India-linked products.
Under the MOU, both exchanges aim to explore future collaboration in the expansion, development and promotion of India-linked products and services to be [...]

ASEAN Market Oultook

We are looking to see an ASEAN wide rally today as well as a strong uptick in India, China and Hong Kong. Asean market should advanve by .5% today.
India, China and Hong Kong should see gains of over 1%.
Wall Street was steady at noon but began to post modest gains in afternoon trade despite an [...]

European Exchanges Retreat

World stocks slipped on Thursday while the euro held above a recent 9-month low against the dollar as the European Central Bank prepared to announce next steps in stimulus withdrawal after its policy meeting.
Stock index futures point to a lower open on Wall Street on Thursday, with weekly jobless data due before the market opens, [...]

Wall St Closing Bell Shayne Heffernan

US stocks rallied again overnight as an uptick in mergers and acquisitions and signs of progress in securing European financial backing for the debt in Greece eased investor fears.
Adding to optimism, fertilizer maker CF Industries raised its hostile bid for Terra Industries Inc, while Dow Chemical said it will sell one of its units that [...]

ASEAN Markets to Consolidate on Gains

US stocks rallied again overnight as an uptick in mergers and acquisitions and signs of progress in securing European financial backing for the debt in Greece eased investor fears.
ASEAN markets rallied today as expected and tomorrow look set to consolidate those gains with a flattish day expected. India, China and Hong Kong should see good [...]

Thailand and India Lead Emerging Markets Higher

Asian developing-nation stocks rose sharply today, sending the MSCI Emerging Markets Index to its highest level in five weeks, as India’s economy improved.
Thai stocks hit a six-week high on Tuesday in their first reaction to a long-awaited court ruling on the assets of former premier Thaksin Shinawatra after a long holiday weekend, but the region [...]

Indonesia Attracts China Investment

Indonesia, the resource-rich nation of 17,000 islands is the newtarget of Chinese buyouts.
China’s appetite for natural resources, from coal to gas to oil, is still growing despite 2009’s acquisition spree in Australia, Canada, and Africa.
While those countries are still on China’s radar, Indonesia is commanding ever more of its dealmaking attention.
PetroChina, Sinopec, Sinosteel, Minmetals and [...]