plunges

During early deals on Monday, the Vietnamese dong slumped to a new multi-year low of 1.6286 against the US dollar. The pair closed last week's trading at 1.6285. Viet Nam's foreign exchange reserves are sufficient for the government to step in to help maintain the value of the dong, a Bloomberg article reported today quoting the Prime Minister Nguyen Tan Dung said. The Viet Nam currency that

Hong Kong Shanghai Banking Corp (HSBC) most recently announced the periodic report on the salutation and prospect of Vietnam's economy in general and forecast on Viet Nam's finance and stock market in particular, in which the foreign bank still kept optimistic on Viet Nam. Reviewing regular reports of HSBC about... [[ This is a content summary only. Visit my website for full links, other content

The market reversed the course devoid of any major local or global trigger to guide the investors. It declined in all the five trading sessions in the week as rising crude prices and inflation marred... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Jason Kottke is asking "Why isn't anyone writing about Yahoo's amazing stock gains and Microsoft's plunge?"The big tech/business news of the day is Yahoo's stock "plunge" following the withdrawl of Microsoft's takeover offer. I'm sure plunge headlines sell newspapers and all, but the more long-term story is more interesting.On Jan 31, the day before Microsoft offered $31/share for Yahoo, YHOO was at $19.18/share (market cap: $26.4 billion) and MSFT was at $32.60/share (market cap: $303.6 billion). At the close of trading today, YHOO closed at $24.37/share (market cap: $33.5 billion) and MSFT was at $29.08/share (market cap: $270.8 billion). In other words, the Microsoft offer increased the value of Yahoo! Inc. by more than $7 billion and decreased the value of Microsoft Corporation by almo

After Microsoft withdrew its $33-a-share offer for Yahoo on Saturday, the question was how far Yahoo’s stock would drop. On Monday morning, the markets gave an initial answer: plenty. Shortly after trading opened, Yahoo’s shares were off about 20 percent, at $23, down from the close of $28.67 on Friday — a day when the companies were said to be escalating their talks on a merger. Microsoft’s

Listed firm on the Hanoi Securities Trading Center, the Post and Telecommunication Equipment Joint Stock Co has revealed a post-tax profit of VND258 million (US$16,100) from the first quarter of the year, a plummet of 94.5% against the same period in 2007. The company, capitalised at VND194.4 billion, pledges to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Business Times - 29 Apr 2008 Allgreen Q1 profit plunges 65% Company cites US sub-prime crisis as a factor, says property market was subdued By EMILYN YAP ALLGREEN Properties yesterday posted net earnings of $17.5 million for the first quarter ended March 31 - a 65 per cent slump from $49.6 million in the same period last year.Earnings per share plunged 66 per cent to 1.10 cents, from 3.28 cents in Q1 2007. And in similar fashion, revenue sank 52 per cent to $87.9 million, mainly due to a drop in development income.Citing the US sub-prime crisis as a factor, Allgreen said the property market was subdued, which led to lower number of transactions in the residential sector.'In view of the slowdown, the group held back launching residential projects,' it said. But landed properties launched at

SINGAPORE, April 21 (Reuters) - Bio-Treat Technology plunged more than 9 percent after Merrill Lynch sent a notice to the firm saying its Bio-Treat convertible bonds, worth S$27.6 million ($20.4... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ROME (AP) — The car being used in the latest James Bond film plunged into a lake in northern Italy while being driven to the set. Producers say the driver of the Aston Martin was taken to a hospital with minor injuries. They say James Bond’s iconic car was being delivered to the filming unit in [...]

Read full story for latest details. See headlines and more here……. Zimbabwe’s opposition party Sunday said dozens of its members have been detained as authorities try to block the party’s challenge to a recount of votes that could crush their claimed victory over President Robert Mugabe. [...]

The Dow Jones closed 257 points lower at 12325 while the Nasdaq shut shop at 2290 down 61 points. What made the market to plunge is ? >GE reports first quarter earnings below expectations, issues a disappointing outlook for 2008 >Consumer Confidence falls to lowest level since 1982 in April, according to an University of Michigan Survey All indian [...]

April 7, 2008 Bank savings earn less interest as key rate plunges Banks trim rates on deposits as they struggle to maintain margins By Gabriel Chen SAVERS are again feeling the pinch as interest rates continue to fall, further squeezing what meagre returns they might get on bank deposits. Citibank, Maybank and Standard Chartered Bank (Stanchart) have all trimmed rates for their high interest savings accounts given the fall in the rate banks pay each other to borrow cash. This rate - the Singapore Interbank Offered Rate (Sibor) - hit a 12-month low of 1.25 per cent last month. It has fallen steadily from 2.88 per cent a year ago, and economists say it will drop further. With their own margins under pressure, banks have responded by trimming rates for customers. Maybank has cut rates for iS

SINGAPORE, April 7 (Reuters) - Shares of Jade Technologies fell as much as 68 percent in heavy turnover on news that the firm's president, Anthony Soh, did not have enough funds to go ahead with a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bank savings earn less interest as key rate plunges   - Singapore Banks trim rates on deposits as they struggle to maintain margins By Gabriel Chen  SAVERS are again feeling the pinch as interest rates continue to fall, further squeezing what meagre returns they might get on bank deposits. Citibank, Maybank and Standard Chartered Bank (Stanchart) have all trimmed rates [...]

Shares of Bharat Heavy Electricals (BHEL), India`s biggest power equipments maker, plunged on Thursday after the company reported a 15.31% growth in turnover to Rs 216.08 billion while the net profit of the company climbed 16.56% to Rs 28.15 billion (as per provisional figures) in FY2008 compared with prior year period. Shares of the company slipped soon after the announcement of provisional figures.Shares of the company plunged Rs 112.50, or 6.07%, to trade at Rs 1,740, while the 30-share benchmark index, Sensex climbed 12.59 points, or 0.08%, to trade at 15,762.99. The stock has shown a fall of 12.38% over the week and 17.12% over a month. The total volume of shares traded was 830,296 at the BSE (2.08 p.m., Thursday).

Shares of Bharat Heavy Electricals (BHEL), India`s biggest power equipments maker, plunged on Thursday after the company reported a 15.31% growth in turnover to Rs 216.08 billion while the net profit of the company climbed 16.56% to Rs 28.15 billion (as per provisional figures) in FY2008 compared with prior year period. Shares of the company slipped soon after the announcement of provisional figures.Shares of the company plunged Rs 112.50, or 6.07%, to trade at Rs 1,740, while the 30-share benchmark index, Sensex climbed 12.59 points, or 0.08%, to trade at 15,762.99. The stock has shown a fall of 12.38% over the week and 17.12% over a month. The total volume of shares traded was 830,296 at the BSE (2.08 p.m., Thursday).Recently the company announced it has further enlarged its global footp

NEW YORK (MarketWatch) — Gold futures dropped over 3% to trade below $900 an ounce Tuesday, extending their sharp losses from the previous session, as strength in the U.S. dollar put heavy selling pressure on the metal. Gold for June delivery tumbled $31, or 3.4%, to 890.50 an ounce on the New York Mercantile Exchange. Other [...]

By EILEEN ALT POWELL, AP Business Writer NEW YORK - Consumer confidence sank to a five-year low in March as tight credit markets, rising prices and worsening job prospects deepened worries that the economy has fallen into recession. The Conference Board, a business-backed research group, said Tuesday that its Consumer Confidence Index plunged to 64.5 in March [...]

Sounds ass backwards from what the trend seems to have been... NEW YORK - Gold prices dropped $59, the most in nearly two years Wednesday, leading a decline in commodity prices on speculation the slump in the dollar will end soon as the Federal Reserve eases the pace of interest-rate reductions.On a day that saw broad declines for all commodities, gold for April delivery, which had hit a record

The 30-share BSE Sensex opened with a huge negative gap of 528.47 points at 15,326.93 mirroring weak global cues in the early trades.Asian markets declined in the initial session of trading on Monday (Mar. 17, 2008) after the Federal Reserve cut its discount interest rate at an emergency meeting and JPMorgan Chase agreed to buy Bear Stearns Cos. All Asian stock benchmarks opened negatively.The Sensex is currently trading at 15,232.05, down 528.47 points, or 3.35%, while the broad based NSE Nifty is trading at 4,588.25, down 152.55 points (10.00 a.m.). Out of the total 746 stocks traded, 75 advanced, 661 declined, while 10 remained unchanged. Among the sectoral indices BSE Auto and IT declined over 2%, BSE Bankex dropped 4.49%, BSE Metal and Power fell over 3% and BSE Realty plunged 5.83%.

Bear Stearns (BSC), one of the major US Financial companies, lost half its value intraday today on concerns that the Fed’s recent liquidity injection “might not work” for the company. Instantly, the Federal Reserve voted unanimously today to provide cash to help this crisis, and stands ready to inject more as needed. As reported by Yahoo News, [...]

Bajaj Holdings & Investment, erstwhile Bajaj Auto, got listed at Rs 1,100 at the Bombay Stock Exchange (BSE).The scrip touched a high of Rs 1,143.80. However, within minutes of trading the scrip plummeted 64.47% to trade at Rs 739 on volumes of 54,277. The scrip has touched a low of Rs 720. (10.05 a.m.)Following the scheme of demerger of Bajaj Auto, three new companies are formed instead of single earlier.Under the scheme of demerger, Bajaj Holdings & Investment (the new name of Bajaj Auto) will function as an investment company and focus on new business opportunities.Two more companies - the new Bajaj Auto and Bajaj Finserv are expected to get listed by April end.The new Bajaj Auto will on the automotive business, while Bajaj Finserv will focus on wind energy generation, insurance and fin

Malaysian stock market was suspended on Monday afternoon around 3 to 4 pm after the benchmark Kuala Lumpur Composite Index(KLCI) plunged 10%, triggering a temporary shutdown. Trading on the Bursa... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Joe McDonald, Businessweek, reports on the steep 63% plunge of China's February trade surplus. China's trade surplus in February totaled $8.6 billion, down from a $23.7 billion in February 2007, according to customs agency data. The 63 percent drop in the trade gap from a year ago was due partly to a global slowdown but also to storms that hampered shipping and forced some factories to close,

February 06, 2008 Wall Street saw another stock trading day of disaster as report came unexpected tightening in the service sector as confirmation the US economy is dipping into recession. Heavy sell off seen at Wall Street plunged the Dow Jones industrials down 370 points. It was the Dow's biggest percentage drop in almost a year. The report from the Institute for Supply Management washed

Luminent Mortgage Capital Inc. (NYSE:LUM) and Arco Capital Corporation Ltd. have entered into a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Subprime mortgagelender Delta Financial Corporation, Woodbury, N.Y., has delayed its second-quarter earnings release and conference call, set for Wednesday, Aug. 8, a move that sent its shares down 40% in trading on the day. The nondepository lender had hoped to report earnings before the market opened Wednesday. The delay was posted on its website, with no further details provided. Standard & Poor’s issued a statement saying it had lowered its ratings on five classes of asset-backed securities from Delta transactions. S&P said the lower ratings reflect “monthly net losses that have exceeded monthly excess interest cash flow.” On Wednesday, Delta’s shares fell $3.20, or 40%. Mortgage Implosion, mortgage news, Subprime Implosion, Subprime Mortgage, Subprime Mortgage Industry ---Related Articles at Consumer Mortgage Reports:More On Aegis Mortgage - Early Payment DefaultsWhat Are The Subprime Mortgage Losses - Subprime Defaults May Affect 18-22% of Loan

The popularity of US President George Bush fell further this week to just 25% Seriously, how low can he go? Out of all Americans, only 25% approve of the job that Bush is doing as President and a massive 71% disapprove. What it comes to how Bush is dealing with the economy his popularity is even lower at a miserable 23%. So does this mean that the Democrats are going to have landslide election victory? Well just because Bush is unpopular, does not the mean that the whole Republican part is out of favour. The Democrats took part in a CNN YouTube debate last night and the Republicans will be doing one is September which could decide who wins the desk in the oval office What do you think about Bush? Surely George Bush is not that bad? Source Written by Sam for Product ReviewsIn Sections: News, Politics

For the first time in years the hotel occupancy rate on all four major Hawaiian Islands fell below 60%, according to a report in Pacific Business News. This number, representing the seven day period spanning May 5 through May 12, represents a whopping 16.9% dip from the same week last eyar.

The level of the public’s satisfaction with the performance of President Susilo Bambang Yudhoyono and Vice President Jusuf Kalla has plunged from 80 percent two and a half years ago to 49.7 percent.“This is the lowest level of the public’s satisfaction wuth SBY-JK’s performance since two and a half years ago,” said Syaiful Mujani, Director of the Indonesian Survey Institute (LSI) yesterday (27/3). According to him, the main source of Yudhoyono-Kalla’s popularity decrease was the public’s negative sentiments over national economic conditions compared to last year.If economic conditions do not improve, it is predicted that Yudhoyono’s popularity will continue decreasing.Syaiful also mentioned that dissatisfaction about Yudhoyono was mainly located in Java, noted as the supporter basis in the last general election.“Outside Java, SBY is in fact still powerful,” he said. The survey also examined political parties’ popularity.In the polling, the Indonesian Democratic Pa

{mosgoogle right}TOKYO (AP) -- Japanese stocks plunged Monday close as the dollar nosedived to a 12 1/2-year low against the yen, prompting traders to sell stock in exporting companies.Investors were also jittery over news that JPMorgan will buy ailing Bear Stearns and that the U.S. Fed announced a discount rate cut shortly before trade opened in Tokyo.They chose to see those reports as proof that the global credit crisis, triggered by defaults on risky U.S. housing loan [...]