Morgan Stanley profits soar 87% as trading rebounds
Oct 17, 2014 at 20:27 | Source:
US investment bank Morgan Stanley has posted an 87% jump in profits to $1.65bn (£1bn) in the three months to the end of September. Trading of currencies, commodities and bonds was a big driver of profits, as was wealth management - advising high ear...
The wider concerns of Hong Kong's protesters
Oct 03, 2014 at 20:41 | Source:
For the Hong Kong students thronging the streets of the Central business district this week the issue at stake has been wider democracy. But for the thousands more young professionals living and working in the city's nearby office blocks, the pr...
Apple Pay can be a game changer if backed by retailers
Sep 11, 2014 at 11:31 | Source:
Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of retai...
Retailers seen unlikely to warm up to Apple Pay
Sep 11, 2014 at 04:35 | Source:
Apple Inc's launch of its own tap-to-pay system using near-field communication in its new iPhones and smartwatches may not be a game changer after all. The success of Apple Pay, unveiled at a gala launch on Tuesday, hinges on the willingness of reta...
ECB’s last roll of the dice
Sep 04, 2014 at 23:57 | Source:
Today is a big day in the history of the Eurozone, for three reasons (always good to have the big three). First an ideological Rubicon has been crossed by the European Central Bank (ECB) - because in trying to cut interest rates and increase the supp...
Russian rouble falls to new low on sanctions threat
Aug 30, 2014 at 00:17 | Source:
The Russian rouble fell to a record low against the dollar as investors fear further sanctions against the nation. The rouble fell to 37.03 per dollar on Friday, its worst valuation since the currency was restructured in 1998. The tumble comes weeks ...
Brent holds near 14-month low on plentiful supply
Aug 21, 2014 at 01:45 | Source:
SINGAPORE (Reuters) - Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.The oil benchmark has fallen more than 12 ...
As money leaves Russian stocks, China, other BRICS benefit
Aug 12, 2014 at 23:30 | Source:
LONDON (Reuters) - With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.Russia has performed ...
The global wine drought that never was
Aug 07, 2014 at 23:22 | Source:
Recently the world's media reported the alarming news that demand for wine has outstripped supply. Latest figures indicated a shortfall of 300 million cases in 2012, it was claimed... the world was facing the serious prospect of a wine shortage....
Spain's economy grows at fastest quarterly rate since 2007
Jul 31, 2014 at 01:52 | Source:
The Spanish economy grew at its fastest pace over the last three months since the end of 2007, according to Spain's statistics office. But falling prices show the country is facing a deflation threat after it emerged from a two year recession la...
Flipkart raises bar in cash chase
Jul 31, 2014 at 01:52 | Source:
Calcutta Telegraph News
Mumbai, July 29: Flipkart, India�s largest e-tailer, has raised fresh funds worth $1 billion as it ramps up operations to fend off competition from Amazon, which is growing at a scorching pace in the country. Flipkart, founded in 2007 by two forme...
Dear Flipkart, please spend the $1 billion wisely
Jul 30, 2014 at 09:49 | Source:
Indias biggest home-grown e-commerce portal Flipkart announced on Tuesday that it had raised $1 billion (over Rs 6,000 crore) in the latest round of funding from a group of investors. This is the single largest round so far in the country. Flipkart h...
US imposes fresh sanctions on Russia's banks, defence companies
Jul 17, 2014 at 08:07 | Source:
Washington: The United States on Wednesday imposed its most wide-ranging sanctions yet on Russia's economy, including Gazprom bank and the Rosneft Oil Company, and other major banks and energy and defense companies.Washington has steadily e...
U.S. imposes toughest sanctions yet on Russia over Ukraine
Jul 17, 2014 at 03:45 | Source:
WASHINGTON (Reuters) - The United States on Wednesday imposed its most wide-ranging sanctions yet on Russia's economy, including Gazprombank and the Rosneft Oil Co, and other major banks and energy and defense companies.Washington has steadily escala...
IDFC Gains; Morgan Stanley Upgrades to 'Overweight'
Jul 07, 2014 at 11:51 | Source:
Shares in IDFC Ltd gain 3.7 per cent after Morgan Stanley upgrades the stock to "overweight" from "underweight" and raises its target price to Rs175 from Rs115. The investment bank cites potential benefits after RB...
Global M A deal value touches $1.57 trillion in first half of 2014
Jul 02, 2014 at 04:12 | Source:
NEW DELHI: Merger and acquisition activity across the globe witnessed significant uptrend in the first half of this year with deals worth USD 1.57 trillion and the Asia-Pacific region accounted for one-fifth of the deal value. During the first six mo...
Japanese business sentiment dips
Jul 01, 2014 at 08:12 | Source:
Japanese business sentiment dipped in the three months to June, the Bank of Japan's latest Tankan survey has shown. The big manufacturers' index fell to plus 12, from plus 17 in the previous quarter. A positive reading shows firms feeling o...
Faster reforms can revive growth, curb stagflation: Report
Jun 28, 2014 at 12:37 | Source:
MUMBAI: Speedy implementation of reforms is likely to help the country in making a faster transition from stagflation to higher growth and lower inflation, says a report. "We believe that as policymakers implement reforms that boost productivity, it ...