Sep 12, 2016 at 12:00 | Source: Moneycontrol.com
Equity benchmarks continued to fall on account of weakness in global peers. Hong Kong's Hang Seng and China's Shanghai extended downtrend, falling 2-3 percent.
Sep 12, 2016 at 09:15 | Source: Moneycontrol.com
ICICI Bank and Tata Motors were the biggest losers, down 3-4 percent followed by HDFC, ITC, Axis Bank, L&T and SBI whereas Infosys bucked the trend.
Sep 09, 2016 at 08:14 | Source: PTI
Hong Kong, Sep 8 (AFP) Asian markets mostly fell todayfollowing a recent run of gains but Hong Kong and Shanghaitraders cheered data showing Chinese imports rose in Augustfor the first time in almost two years.Regional shares have enjoyed a strong run since the startof the month, fuelled by optimism about the state of the USeconomy and the prospects of borrowing costs being kept atultra-low levels until at least December.But the rally petered out today as investors put theirfoot on the brake.Tokyo was down 0.8 per cent in the afternoon but thestandout performer was Nintendo, which soared on news it haddeveloped an exclusive Super Mario game for Apple.Sydney lost one per cent and Seoul shed 0.2 per cent.Singapore, Wellington and Bangkok also suffered sharp losses."Volatility, or the lack thereof, is still the key driverin financial markets," Chris Weston, chief markets strategistin Melbourne at IG Ltd, said in an email, according toBloomberg News."The Fed are not going to raise rates this year if theytruly are data dependent and if they hike in December it wouldbe an admittance that they are more dictated by a calendar-based guidance."But Hong Kong was up 0.4 per cent by the break whileShanghai pared almost all its early losses to end the morningflat following the Chinese figures.China's customs department said August imports rose 1.5per cent on-year, the first increase in 22 months, whileexports fell less than expected thanks to weakness in thecountry's yuan currency.The figures marked a sharp turnaround from July and willraise hopes the world's number two economy and key driver ofglobal growth is stabilising after years of slowing growth.The economy grew last year at its slowest pace in a quarter ofa century.In Tokyo gaming giant Nintendo soared 18 per cent at onepoint after it announced with Apple that "Super Mario Run"would be available on the App Store this year. It ended themorning up 13.2 per cent.The news came after the global success of mobile gamePokemon Go, based other Nintendo characters, which has nowbeen downloaded about half a billion times.However, Japanese investors were left unimpressed byfigures showing the economy grew just 0.7 per cent on anannualised basis in April-June, well down from the 2.1 percent seen in the previous three months..
Sep 09, 2016 at 08:08 | Source: CNBC
Japan's benchmark Nikkei 225 was off 0.1 percent, erasing earlier gains, and South Korea's Kospi extended losses, down 1.19 percent, after Yonhap broke news of a suspected nuclear test in North Korea after an earthquake was detected near a known nuclear testing site.
Sep 07, 2016 at 09:14 | Source: PTI
Kumar succeeds Jeremy Hunter, who has moved to Shanghai as President Henkel China, after leading the India operations for over five years.
Sep 04, 2016 at 14:02 | Source: PTI
The Shanghai Composite Index of China tops the list among top 10 global indices by giving a CAGR of 12.9 percent during the 25-year period, according to an analysis of various asset classes and their returns by the city-based brokerage Centrum Group.
Sep 04, 2016 at 11:36 | Source: PTI
The two leaders had last met at the Shanghai Cooperation Organisation (SCO) Summit in June in Tashkent and again set to meet in Goa next month on the sidelines of BRICS summit.
Sep 02, 2016 at 19:30 | Source: PTI
Realty major DLF today announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business.
Aug 29, 2016 at 08:16 | Source: PTI
"Never was there a more favourable time to invest in India than now with strong macro-economic indicators and the government's commitment to investment facilitation like never before," Tourism Secretary Vinod Zutshi said while addressing the event on Sunday.
Aug 24, 2016 at 07:54 | Source: Reuters
State-backed Shanghai Electric Power and China Southern Power Grid are among Chinese firms leading the pack of about half a dozen bidders in K-Electric , one person familiar with the matter said.