Dow Jones Industrial Average extends gains led by financial shares

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Source: Dukascopy Bank
Dow Jones Industrial Average index climbed slightly higher on Wednesday, posting gains for a sixth straight session. Blue chip index advanced 0.13% or 16.42 points and closed at 13,194.10 with financial sector gaining most. American Express jumped 3.5% after the company passed stress test and announced an increase in dividend and a stock buy back worth USD 5 billion. Heavyweight Bank of America provided substantial upside support, adding 4.1% after passing Fed's stress test. 

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Thu, 15 Mar 2012 14:04:51 GMT

Hang Seng index closes 0.2% higher

Hong Kong's Hang Seng index traded modestly higher on Thursday, advancing 0.21% or 45.64 points to 21,353.53. Gains were limited as investors anticipated news Chinese PM rejected policy easing aimed at relaxing country's property markets. Financial and property shares declined, led by China Overseas Land & Investment and China Resources Land which dropped 2.7% and 1.6% respectively. On the upside

Thu, 15 Mar 2012 16:22:45 GMT

Boeing rejected 500 million billion claim of Air India

Boeing has rejected the claim of India that the company has agreed to compensate aircraft delays for Air India. The Indian officials earlier reported that Boeing would pay 500 million US Dollars as compensation for three-year delay in delivery of planes. However, Boeing announced that it has not agreed to this deal.

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