Hong Kong stocks posted a slight rise in weak turnover after U.S. market erased early losses. Chinese oil producers gained on the back of rising oil prices.
Hong Kong blue chips opened higher, but lost ground as investors retreated ahead of the European finance ministers' meeting and the release of Chinese economic statistics.
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The State Bank of India on Saturday said that it has no plans to hike lending rates immediately, and would wait for further signals from the Reserve Bank to arrive at any decision.
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The price of compressed natural gas (CNG), a cleaner transport fuel, was revised upwards by 50 paise per kg from Saturday by the sole distributing agency, Indraprastha Gas Limited.
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The Indian textile industry, yet to recover from the impact of recession is making a desperate bid to grab a share of the growing textile markets in Latin America.
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News of a European interest rate cut and the decision by Greek leaders not to put the Europe debt solution plan to a vote triggered a sharp rise in the Hong Kong market.