May 19th
SAN FRANCISCO, May 19 — The historic initial public offering of Facebook Inc did not go as planned yesterday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late yesterday morning and opened 11 per cent above …
Read the original here: Historic Facebook debut falls flat
May 19th
NEW YORK, May 19 — Gold rose more than 1 per cent yesterday, on track for its largest two-day gain since October, boosted by investors’ consolidation of positions ahead of the weekend and a stronger euro. The second day of gains helped bolster confidence, which had been shaken by gold’s fall earlier this week to a four-month low at US$1,527 …
Original post: Precious gold jumps, heads for biggest 2-day gain since October
May 18th
SAN FRANCISCO, May 19 — For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq yesterday as a sky-high valuation and trading glitches capped the stock’s rise.
Read the rest here: Historic Facebook IPO marred by trading glitches
May 18th
NEW YORK, May 18 — Facebook Inc shares opened 11 per cent higher today, after the pioneering online social network raised as much as US$18.4 billion (RM57.59 billion) in one of the biggest initial public offerings in US history.
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May 18th
MADRID, May 18 − Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed today, underscoring the problems facing the government as it attempts to clean up the sector and get its economy back on track. The Bank of Spain said bad loans rose to 8.37 per cent of the banks’ outstanding loans, the highest ..
Here is the original post: Banks’ rising bad loans add to Spanish troubles
May 18th
LONDON, May 18 — Britain’s top share index fell to its lowest level since late November today, as growing fears over the Greek and Spanish economies hit markets and heavyweight financial and commodities stocks. The blue-chip FTSE 100 index was down by 42.44 points, or 0.8 per cent, to 5,295.94 points by 1025 GMT.
Read the original here: Britain’s FTSE at 6-month low on fears over Europe
May 18th
HONG KONG, May 18 — Hong Kong shares slid another 1.3 per cent today, inflicting a second consecutive weekly loss of more than 5 per cent as escalating Europe woes dragged down financial stocks and underwhelming US economic data increased risk aversion.
See original here: Hong Kong shares lose more than 5pc for second week; HSBC tumbles
May 18th
BEIJING, May 18 — The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world’s two biggest economies and sparking accusations by Beijing of protectionism. The new tariffs of 30 per cent, much bigger than had been expected, were set today by the US Commerce Department …
The rest is here: China cries foul after US sets tariffs on solar imports
May 18th
KUALA LUMPUR, May 18 — RHB Research upped its fair value for Malaysia’s APM Automotive Holdings Bhd to RM5.00 ringgit from RM4.50, citing a brighter outlook after the automotive component manufacturer announced its first quarter earnings. “APM’s 1Q12 headline earnings were slightly ahead of our forecasts but in line with consensus estimates,” RHB …
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May 18th
BEIJING, May 18 — Annual economic growth could slow to 7.5 per cent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Centre, a government think tank, said in a report published today. If the GDP forecast is accurate, growth in the second three months of 2012 would be the …
Here is the original post: China govt think tank sees Q2 GDP growth at 7.5 pct