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| Greek threat pushes world stocks into red for year |
 World shares slid and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece's future in the euro zone and lacklustre U.S. data bolstered safe-haven assets. |
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| Nikkei slides, suffers worst weekly losing run since 2001 |
 Japan's Nikkei average shed 3 percent on Friday to log a seventh straight week of losses, its longest such run since the third quarter of 2001, as investors sold stocks and other risky assets on concerns over slowing global growth and a deepening euro zone crisis.
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| Euro zone fears spark rush for dollar, shares fall |
 German government bond yields hit record lows on Friday, the U.S. dollar rose and shares fell as the escalating bank crisis in Spain, a ratings downgrade for Greece and sluggish U.S. data spurred investor demand for safe-haven assets. |
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| Global markets look to ECB as saviour |
 With stocks in Asia dropping to near their 2012 lows and investors fleeing risk assets on growing worries about Europe's debt crisis, several market watchers say it's time for Europe's central bank to step up bond purchases and ease monetary policy further. |
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| Asian mkts tumble on EU woes; Nikkei, Hang Seng fall 2% |
 At 8:20 hours IST: Asian markets were trading sharply lower due to rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for US economic recovery. |
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| Rupee hovers around all-time low of 54.3 per dollar |
| The Indian rupee extended it previous sessions' losses and started off on an even lower note today. After closing on a the year's low of 53.9 per dollar yesterday, the local currency today breached the 54 mark and came close its all-time low of 54.3 per dollar.
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| India gold imports down 33% in April |
| Gold price continues to move downhill on back of global cues. The bullion dropped to the lowest price this year as euro weakened to a four-month low against the US dollar on concerns over worsening debt crisis in Greece.
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| CLSA: FII investments in India related funds fall |
| Asia Pacific's financial services group CLSA's report on FII has a sorry picture for Indian dedicated funds. The report shows that while FIIs market ownership has risen to a five-year high, proportion of India dedicated funds has dipped to an all-time low. |
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| Asian markets rebound from biggest six-month losses |
| Asian markets opened the day on a positive note, with the regional benchmark index rebounding from its biggest loss in six months. This rise came in after Hong Kong Exchanges & Clearing Ltd posted income that beat analysts' estimates.
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| 'The Avengers' conquers, rakes $200 million in opening weekend in US, Canada |
| Hollywood is changing its strategy by releasing its movies overseas first before the debut in the US. Movie makers are increasingly looking abroad to help the bottom line. For instance, the weekend before the last, 'The Avengers' pulled in nearly $180 million from 39 countries outside of the US, and later opened as the top film in the US and Canadian theaters. The movie raked in nearly $200 million from its ticket sales in the opening weekend in its domestic markets.
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| Firm dollar demand drags rupee to four-month low |
| Currency woes continue to prevail in India, thanks to some firm dollar demand amid growing capital outflows. Yesterday, the Indian rupee dropped to the lowest level in more than four months after a private report showed the pace of manufacturing growth in the country held near the least since December.
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| Asian stocks lose on US data, commodity prices |
| Asian stocks are down for a second day in a row with a regional benchmark index paring its weekly advance; this is on the back of cues from Wall Street. In addition, falling commodity prices have weakened the earnings outlook for exporters and raw-material producers.
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| S&P: India outlook will stabilise if growth surprises on upside |
| The volatility across Indian markets yesterday was a knee-jerk reaction to the United States-based financial firm Standard & Poor's (S&P) revision of its outlook on India. Revising its outlook on India to BBB-, S&P placed India only one rank above the junk outlook.
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ZYNGA-TRADING-SOCIALMEDIA:Social media stocks hammered as Facebook debuts
US stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets.
Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the SP fell for six straight sessions.
US stocks were little changed on Friday, reversing earlier gains after Facebook Inc stumbled in its market debut after a delayed opening.
Facebook Inc received what may be its first "sell" rating on Friday, from Pivotal Research Group, which also set a target price of $30 for the stock.
Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history.
US stocks opened higher on Friday, with the imminent market debut of Facebook helping to lift battered investor sentiment.
WRAPUP-1-EUROPE-THINKS-THE-UNTHINKABLE-ON-GR:Europe thinks the unthinkable on Greece
US stocks were set to open higher on Friday but major indexes were still setting up to close their worst week of the year, while Facebook's market debut could help lift battered investor sentiment