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Market shows signs of uptrend
Published on 2010-06-05 05:33:00
The share market fluctuated throughout the week and gained a minimal 0.61 percent in the index value to close at 482.34 points. Despite volatile performance of Nepal Stock Exchange (Nepse) index, investor confidence rose as compared with previous week as investors traded freely without skepticism, which is reflected by the overall market turnover.The market volume, excluding the bulk trade of Sanima Bikash Bank´s promoter shares, increased by 88.4 percent as compared with last week. The Develop
Economy of Nepal
Published on 2010-04-29 21:29:00
Nepal ranks among the world's poorest countries, with a per capita income of around $470 in 2009. Based on national calorie/GNP criteria, an estimated 31% of the population is below the poverty line. An isolated, agrarian society until the mid-20th century, Nepal entered the modern era in 1951 without schools, hospitals, roads, telecommunications, electric power, industry, or a civil service. The country has, however, made progress toward sustainable economic growth since the 1950s and is commit
Non-Farm Payrolls Disappoint!
Published on 2010-01-10 11:28:00
The US Non-Farm Payrolls Report (NFP) is usually one of the biggest market moving numbers in the currency markets. Today’s number is no exception. The report came in for December at -85K, a very disappointing figure. Estimates were expecting this number to be flat, that we neither gained or lost jobs for the month. Although I had seen some pretty wild numbers tossed around, anywhere from +/- 200K. The revisions for the prior two months showed a net loss of 1K jobs, a negligible but encouraging
