Pay hike: Experts warn on deficit but govt confident of targets
Nov 20, 2015 at 21:24 | Source:
New Delhi: Rating agencies and brokerages today said the proposed 23.6 per cent hike in salaries and pensions of government employees could hurt India's finances even as the Centre expressed confidence that the fiscal deficit targets will not be brea...
Dollar jumps to highest since April| Reuters
Nov 18, 2015 at 04:15 | Source:
LONDON The dollar surged against the euro for a second day on Tuesday and some dealers said a push above $1.06 per euro might open the way for a swift move to highs hit in the first half of 2015. The Paris attacks had weighed on the euro on Monday bu...
Dollar stands tall as investors turn focus back to Fed| Reuters
Nov 17, 2015 at 06:45 | Source:
TOKYO The dollar held near seven-month highs in early Asian trading on Monday, as investors turned their focus from last week's deadly attacks in Paris to growing expectations the U.S. Federal Reserve was poised to hike interest rates next month.The ...
Marriott to buy Starwood to create world's biggest hotel chain| Reuters
Nov 16, 2015 at 23:30 | Source:
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.The combined company will have o...
Marriott to buy Starwood to create world's biggest hotel chain
Nov 16, 2015 at 20:37 | Source:
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.The combined company will own or...
Verizon weighing $10 billion sale of enterprise assets: Sources
Nov 09, 2015 at 10:19 | Source:
Verizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business. The sale woul...
Wall Street flat as rate hike eyed; banks counter utilities drop| Reuters
Nov 07, 2015 at 03:30 | Source:
U.S. stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong U.S. jobs report as evidence the Federal Reserve will soon raise interest rates.Since the Fed la...
Wall Street slips as investors eye rate hike after jobs report| Reuters
Nov 07, 2015 at 02:45 | Source:
U.S. stocks slipped on Friday, with a slide in utilities and other sectors outweighing a rise in financials, as a strong jobs report gave Wall Street a clear sign the Federal Reserve could soon raise interest rates.U.S. non-farm payrolls growth in Oc...
Fourth Chinese lender joins list of globally important banks| Reuters
Nov 03, 2015 at 23:30 | Source:
LONDON China Construction Bank (CCB) has joined a list of lenders deemed important to the stability of the world's financial system, becoming the fourth from China in a global group of 30 required to hold extra capital.CCB was the only newcomer to an...
Wall Street jumps to eight-week high on financials, healthcare| Reuters
Oct 16, 2015 at 03:15 | Source:
A tame inflation reading and strong earnings from Citigroup led investors to pile back into stocks on Thursday, pushing Wall Street to its best level in eight weeks.Equities added to gains late in the session, and eight of the S&P 500 sectors reg...
Wall St jumps to eight-week high, led by financials, healthcare| Reuters
Oct 16, 2015 at 02:45 | Source:
U.S. stocks rallied on Thursday after two days of losses, led by sharp gains in biotechnology shares and a rebound in financials following upbeat results from Citigroup.Equities added to gains late in the session, and eight of the S&P 500 sectors...
Dollar rises on inflation data; Wall St. gains| Reuters
Oct 16, 2015 at 01:45 | Source:
NEW YORK The dollar strengthened, helped by stronger-than-expected inflation data, and U.S. stocks were driven higher by the financial sector and bank earnings reports. The dollar .DXY was up 0.5 percent against a basket of currencies, on track fo...
Wall St jumps more than 1 pct, led by financials| Reuters
Oct 16, 2015 at 01:30 | Source:
U.S. stocks rallied on Thursday after two days of losses, led by a jump in financial shares following upbeat results from Citigroup.The S&P 500 health care index was also up sharply, despite a disappointing forecast from HCA Holdings (HCA.N), whi...
Wall St set to open higher on results, data| Reuters
Oct 16, 2015 at 00:45 | Source:
REUTERS - U.S. stocks were set to open higher on Thursday after two days of losses as investors assessed U.S. economic data and bank earnings reports.As the reporting season gathers steam, investors will be parsing quarterly results to gauge the impa...