Jalatama Artha Berjangka News

The longer Greece avoids default, the closer European leaders come to breaking one of their oldest taboos by taking responsibility for the finances of a neighbor. Even as they resist European Central Bank President Jean- Claude Trichet’s call for a “major strengthening” of fiscal ties, European authorities are becoming the biggest holders of Greek debt. That would leave the country a virtual ward...

Prada SpA raised HK$16.7 billion ($2.14 billion) in its initial public offering, following Samsonite International SA as the second foreign issuer in a week to scale back its Hong Kong fundraising plans.The Milan-based luxury goods retailer priced 423.3 million shares at HK$39.50 each, below the middle of the marketed range, according to two people familiar with the matter. The sale values...

Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 7:43 a.m. in New York.Citrix Systems Inc. (CTXS) fell 2 percent to $80.51. The software maker was downgraded to “underweight” from “neutral” at JPMorgan Chase & Co, which said the stock is expensive. The share-price estimate is $65.Expedia Inc. (EXPE) rose...

Lockheed Martin Corp. (LMT)’s F-35 Joint Strike Fighter, the Pentagon’ most expensive weapons program, may face cost overruns of as much as 15 percent on early production models, U.S. Vice Admiral David Venlet said.The plane’s expense may exceed the contracted target cost by $964 million in the worst-case scenario, Venlet said in an April 28 interview in Washington. The overrun is calculated on $6.43...

The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus while policy is being tightened elsewhere.The euro climbed against the yen for a second day before data this week that may show industrial orders in the trading bloc accelerated, adding to the case for the European Central Bankto increase interest...

Gold fell in New York as some investors sold the metal after prices rallied to a record on concern about European debt and faster inflation. Silver touched a 31-year high.Bullion futures reached a record $1,489.70 an ounce today. China increased banks’ reserve requirements to cool inflation that quickened in March to the fastest pace since 2008. The euro weakened against the dollar on speculation...