The yen neared a 7-1/2-month high and Asian stocks slid on Thursday after comments by the head of the Federal Reserve added to concerns about the US economy, causing investors to dump riskier assets ahead of European bank stress test results.
The conclusion of the European Union examination of banks’ financial strength is due on Friday [...]

Mays market tumult likely hurt hedge fund managers again in June and may inflict more pain in July as investors reacted to poor returns by pulling some of their money out, industry consultants forecast.
“We expect to see large outflows in June and July,” executives at TrimTabs and BarclayHedge said in their latest report which was [...]

Africa offers among the world’s best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by the slew of capital they stand to attract in coming years..
Africa withstood the financial crisis better than many predicted, and the region’s economic growth is forecast at 4.75 percent in 2010. Next year, [...]

Nikkei edged higher on Monday, with short-covering in exporters emerging after the benchmark marked its worst week in over a month and as a key retracement level continued to provide support. Shares in consumer lenders such as Acom Co sky-rocketed, with many jumping by nearly a fifth in value after a newspaper said Osaka prefecture [...]

Asian markets closed mostly lower on Thursday as a downbeat assessment by the US Federal Reserve and record-low home sales raised fears about the state of the world’s biggest economy.
Traders went into sell-off mode in the afternoon to cash in earlier gains made after Australia’s prime minister was forced out, a move that raised hopes [...]

A strong global economic recovery is under way, and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of an asset bubble in China, a top US Federal Reserve official said on Monday.
“While the sovereign debt crisis in Europe is indeed a serious matter, the global [...]

JSW Steel Ltd has fixed the issue price of warrants to promoters at Rs 1,210 each, M.V.S Seshagiri Rao, joint managing director and group chief financial officer, told .
The firm last month had said it is issuing 17.5 million warrants to promoters on a preferential basis.
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Back in an era that some Wall Street guys consider the good old days, men got the promotions, women got left out of important meetings and anyone dumb enough to complain met with a blitz of retaliation. Ultimately, legal actions, including the embarrassing 1996 “Boom-Boom Room” lawsuit against Smith Barney got Wall Street’s attention.
Some firms [...]

Listed companies will now have to disclose a statement of assets and liabilities within 45 days from the end of the half-year. The Securities and Exchange Board of India (Sebi) on Monday amended the listing agreement that companies sign with stock exchanges. The move is aimed at improving transparency and governance standards of listed companies.
The [...]

China urged the United States on Friday not to politicise a row over the value of the Chinese yuan, saying pending US legislation that Yuan
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would penalise Beijing was “complicating” the issue.
“We should take every measure possible to avoid politicisation of the issue and allowing emotion to come into the debate,” He Ning, [...]