Nicosia, Mar. 11 : After three years of delays and at the time of a world-wide financial crisis, Syria launched its first stock exchange on Tuesday in an effort to liberalise the country''s largely state-controlled economy and provide a measure of freedom to the private firms.
New York - US stocks posted their largest rally of the year on Tuesday, following the lead of European markets after troubled banking giant Citigroup Inc said it was experiencing its best quarter since 2007.
Citigroup's chief executive Vikram Pandit said in an internal memo that the company was profitable in the first two months of 2009 after five straight quarters of losses, Bloomberg News reported.
Aditya Birla Nuvo, a diversified conglomerate, has notified that it has completed the acquisition of 76 per cent stake in the retail broking firm of the Apollo Hospitals Group.
The group bought 56 per cent in Apollo Sindhoori Capital Investment from the promoters and another 20 per cent through an open offer.
The acquired company is a leading player in the financial services sector with over 10 years of experience in the share broking business. The firm's principal activities are providing financial services, stock broking, commodity broking and related activities.
Hong Kong - Hong Kong shares rebounded by more than 3 per cent Tuesday as HSBC Holdings partially recovered from massive 24 per cent losses sustained in a brutal Monday trading session.
The blue-chip Hang Seng Index climbed from a four-month low by 349.47 points, or 3.08 per cent, to end the day at 11,694.05 points. Turnover was 33.4 billion Hong Kong dollars (4.3 billion US dollars.)