Wednesday, June 17, 2009

17-June-09 News Headlines

Corporate News Headline

•RNRL has joined the race to hire the LNG terminal adjacent to the Dabhol power plant to import liquefied natural gas cargoes. (BS)
•Sesa Goa is looking to raise about Rs. 5.83 bn through issue of shares to the firm's promoters and its associates. (ET)
•IVRCL Infrastructures and Projects has secured orders worth Rs. 4.32 bn from Mumbai-based Coastal Gujarat Power Limited for design and construction of all main civil works. (BS)


Economic and Political Headline

•Available data on advance tax payments for the first quarter of the financial year indicates that the manufacturing sector may take more time to recover, while the financial sector remains buoyant. (BS)
•Housing market in the US starts jumped more than forecast in May while industrial production tumbled, offering a picture of an American economy still struggling to emerge from the deepest recession in half a century. (Bloomberg)
•The UK inflation rose 2.2% from a year earlier in May, at slower than economists forecast after higher taxes and the weakness of the pound sustained price pressures in the economy. (Bloomberg)
Sent from my BlackBerry® smartphone

0 comments:

DISCLAIMER



DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.

Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.