Ukrainian Globalist

Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.

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By the end of the trading session, the MSCI Asia Pacific index grew by 1.47% to 756.82 points. Japan’s Nikkei 225 saw growth by 2.05% to 9301.32 points. China’s Shanghai Composite increased by 1.54%, while Taiwan’s Taiex went up by 0.78%. South Corea’s Kospi gained 0.70%. India’s Sensex grew by 1.86%.

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Royal Orchid Hotels, operating under franchise hotel chain Ramada company Wyndham Worldwide, plans to release the first corporate bond to pay debt and finance the construction of new hotels in Mumbai and Hyderabad.

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General Electric Company (NYSE:GE) starts trading in the green zone, rising to 15.62 by +0.04 (0.26%). Cisco Systems, Inc. (NASDAQ:CSCO) shares go up to 22.41 points, gaining +0.36 (1.63%).

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BHP Billiton plc (LON: BLT) can show a serious increase in profits – the Open Knowledge analysts say. BHP Billiton plc shares came close to 1,953.50 points, gaining 0.54% in early trading session.

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The largest copper mining company Vedanta Resources Plc. (LON: VED) Cairn India will buy a controlling stake, the Indian unit of British Energy Corporation Cairn Energy Plc., for the sum of $ 8 billion to $ 8.5 billion.

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The Boeing Company (NYSE: BA) is reduced in price by negative news. The Boeing Company (NYSE: BA) shares are reduced to 65.04 points, losing -0.56 (-0.85%) in early trading.

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State Bank of India (BOM: 500112) has been gaining points on the background of a sharp increase in profits. State Bank of India’s shares up 2,784.00 points, gaining +180.40 (6.93%).

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Vodafone Group plc (LON: VOD) has managed to win the fight in the Indian operator Bharti Airtel Limited. However, Vodafone Group shares up 151.70 points, losing -2.40 (-1.56%) today.

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The largest company by market capitalization, Reliance Industries of India reported about net profit increase by 32% (for the second quarter to 48.5 billion rupees (earlier $ 1 billion)). The growth of the indicator, compared with the previous quarter was only 3% since the company failed to increase production of natural gas.

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