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Global selling pressure pulls JSE down

Published July 6, 2009, 1:55 am, Independent Online

The JSE was lower in early trade, with resources leading the losses on the back of weaker global markets.

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Pound Falls as Concern Recovery to Be Slow Sends Stocks Lower

Published July 6, 2009, 1:52 am, Bloomberg

July 6 (Bloomberg) -- The pound tumbled and 10-year gilt yields fell by the most in more than two weeks as stocks declined on growing concern the economic recovery will peter out, crimping corporate earnings.

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Indian Stocks Fall as Government Says Fiscal Deficit Will Widen

Published July 6, 2009, 1:44 am, Bloomberg

July 6 (Bloomberg) -- Indian stocks fell the most in three months as Finance Minister Pranab Mukherjee said the fiscal deficit may rise to 6.8 percent of gross domestic product in the year ending March 31, the most since 1994. The rupee sank.

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Stocks set to open lower

Published July 6, 2009, 1:42 am, CNN Money

U.S. stocks were poised for a lower open Monday after General Motors' bankruptcy plan received a federal judge's approval, and at the start of a week that will kick off second-quarter corporate financial reporting.

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Borouge awards contracts to Tecnimont for Borouge 3

Published July 6, 2009, 1:41 am, AME Info

Borouge has awarded the three main contracts for the Feed stage of its Borouge 3 expansion in Ruwais, Abu Dhabi to Tecnimont (Maire Tecnimont Group).

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GLOBAL MARKETS: European Stocks In The Red; Econ Fears Weigh

Published July 6, 2009, 1:38 am, The Forex Market

LONDON (Dow Jones)--European stocks fell Monday, as economic fears weighed on sentiment in a quiet start to the week's trading.

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Here we go again

Published July 6, 2009, 1:33 am, Investors Chronicle

The surge in US equity markets from their March lows to their June highs has certainly been mightily impressive, with the S&P 500 bouncing back 42 per cent in this time.

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Indian Stocks Fall as Government Says Fiscal Deficit Will Widen

Published July 6, 2009, 1:26 am, Bloomberg

July 6 (Bloomberg) -- Indian stocks fell the most in three months as Finance Minister Pranab Mukherjee said the budget deficit may rise to 6.8 percent of gross domestic product in the year ending March 31, the most since 1994. The rupee sank.

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BUSINESS : Asian Stocks Mixed As Investors Await Profits

Published July 6, 2009, 1:19 am, Kompas

Asian stocks were narrowly mixed Monday, undermined by investor anxiety that company earnings will reflect a weaker global economy than originally hoped.

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Cochlear May Miss Profit Forecast, JPMorgan Says (Update1)

Published July 6, 2009, 1:18 am, Bloomberg

July 6 (Bloomberg) -- Cochlear Ltd. , maker of the world’s biggest-selling hearing implant, may miss its full-year profit forecast as currency movements eroded the value of sales in foreign markets, JPMorgan Chase & Co. said.

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