Friday, September 19, 2008

Business News

Business News

China's Shanghai stock index surges 9.5 percent, 2nd Ld-Writethru, AS

Posted: 19 Sep 2008 03:18 AM CDT

SHANGHAI, China (AP) _ China's key stock index surged 9.5 percent Friday its biggest one-day percentage gain ever as investors took heart from government moves to support the markets, although most of the buying was over before noon.

Gold down on rescue hopes, but safe-haven demand stays

Posted: 19 Sep 2008 03:12 AM CDT

By Chikafumi Hodo

Asia keeps cash flowing to markets despite rally

Posted: 19 Sep 2008 03:05 AM CDT

By Hideyuki Sano and Yoo Choonsik

Shree Cement sees demand slowing down in FY09

Posted: 19 Sep 2008 02:58 AM CDT

NEW DELHI (Reuters) - Shree Cement expects demand to ease during FY09 due to a slowdown in the real estate market, a senior company official said on Friday.

South Korea attains long-sought FTSE promotion, AS

Posted: 19 Sep 2008 02:57 AM CDT

SEOUL, South Korea (AP) _ South Korea has been promoted from advanced emerging market to developed market in a ranking system of global markets created by the FTSE Group.

Shanghai share benchmark up 9.5 pct, 1st Ld-Writethru, AS

Posted: 19 Sep 2008 02:51 AM CDT

SHANGHAI, China (AP) _ China's benchmark stock index has surged 9.5 percent in its biggest one-day percentage gain ever after the government announced market-boosting measures.

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