US shares close lower on Greek debt concerns

Source: Marketwatch
US stock markets finished lower on Monday, weighted down by renewed concerns on Greece default as nation's leaders cannot agree on austerity measures, essential to receive the next bailout package. Dow Jones Industrial Average index  declined 0.1% or 17.1 points at 12,845, S&P 500 index fell 0.04% or 0.6 point and finished at 1,344 while Nasdaq Composite index slipped 0.1% or 3.7 points to 2,902.
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Tue, 07 Feb 2012 10:47:20 GMT

Asian share markets mostly down on Tuesday

Asian stock markets traded mostly lower on Tuesday as investors became cautious amid lack of monetary stimulus from Chinese government. Shanghai Composite lost 1.68%, while Japanese Nikkei 225 gave up 0.1%. Australian S&P/ASX 200 index closed 0.5% down and Hong Kong's Hang Seng Index edged down 0.1%. In contrast, South Korea's Kospi jumped 0.4% and Taiwan's Taiex advanced 0.3%. 

Tue, 07 Feb 2012 14:35:31 GMT

India forecasts weakest growth since 2009

The government of India predicted the nation's economy will expand at slowest pace in three years, putting extra pressure on Reserve Bank of India to cut interest rates. Government predicts annual GDP to increase by 6.9% starting from March. India's economy grew 8.4% in period 2010-2011. The growth slowed down after central bank raised benchmark rates starting from 2010 until October 2011. 

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