Hang Seng index jumps 1.4% on Tuesday

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Source: Dukascopy Bank SA
Hong Kong's shares rallied on Tuesday, supported by investor hopes China will implement substantial monetary stimulus. Credit Suisse Group expects Chinese government to inject around 2 trillion Yuan (USD 157.6 billion) in the economy. Hang Seng index jumped 1.35% or 254.47 points to 19,055.46. Property companies was among the main gainers within the index. BOC Hong Kong Holdings added 2.7% and China Resources Land jumped 5.1%. Aluminum Corp of China followed rally in commodity markets and advanced 5.6%. 

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Tue, 29 May 2012 13:11:01 GMT

Major Greek banks get EUR18 billion

On Tuesday Hellenic Financial Stability Fund announced the way in which temporary aid of EUR18 billion has been allocated among Greece's four major lenders. National Bank of Greece SA got EUR7.43 billion, EFG Eurobank Ergasias SA EUR3.97 billion, Piraeus Bank SA EUR4.7 billion and Alpha Bank AS EUR1.9 billion. These four banks together make up approximately 80% of banking system assets of Greece. The money was

Tue, 29 May 2012 11:58:01 GMT

Greece's Eurozone exit may progress the market

Based on the data provided by Credit Suisse, it is believed that the despite a potential drop of S&P 500 to 1200 in case of Greece's exit from the euro area, the withdrawal may at the same time introduce the needed plan of action that would boost the market by at least 20%. Analysts indicate that in the event if the euro-zone breaks up,

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