Wall Street drops as China stock slump stokes growth fears| Reuters
Jul 28, 2015 at 02:30 | Source:
Wall Street sank on Monday, with the Nasdaq losing almost 1 percent after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world's No. 2 economy could hurt China's trading partners.The Dow Jones indu...
Lupin buys US co Gavis: Key facts you need to know about the $880 mn deal
Jul 24, 2015 at 11:17 | Source:
Drug major Lupin on Thursdaysaid it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore). According to the statement issued by the company it has signed a definitive agreement to acquire GAVIS Pharmaceuticals LLC and Novel Laboratories ...
Wall Street slumps for third day as earnings disappoint| Reuters
Jul 23, 2015 at 23:30 | Source:
REUTERS - Wall Street fell for the third straight day, with the Dow Jones industrial average lower for the year after disappointing results from bellwethers such as 3M and Caterpillar. The two stocks, together with American Express, contributed 68 po...
Lupin to acquire US-based Gavis for $880 mn
Jul 23, 2015 at 22:59 | Source:
New Delhi: Drug major Lupin today said it is acquiring US-based Gavis for $880 million (over Rs 5,610 crore) to consolidate presence in the world's largest pharmaceuticals market.The company has entered into a "definitive agreement to acquire pr...
Sensex snaps two-session fall with 323 points gains as RIL leads rebound
Jul 22, 2015 at 16:47 | Source:
A day after domestic equities took a sharp plunge on worries of disappointing earnings from select blue chip companies, key benchmark indices on Wednesday bounced back sharply fuelled by spectacular gains led by index heavyweight Reliance Industries ...
Oil slides in thin trade on rising U.S. rig count| Reuters
Jul 03, 2015 at 23:30 | Source:
Oil prices dropped on Friday as a rising U.S. rig count stoked more concern about global oversupply while the opening of an investigation by Chinese regulators into suspected stock market manipulation further unsettled the market.A sharp move lower i...
Dollar dips after disappointing U.S. jobs data| Reuters
Jul 03, 2015 at 07:15 | Source:
TOKYO The dollar slipped in early Asian trading on Friday, as disappointing U.S. employment data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.Against its Japanese counterpart, the dollar was buying 122.8...
Sensex crosses 28000: 4 reasons why investors are buying despite
Jul 01, 2015 at 12:44 | Source:
Even as the Greece debt crisis continue to create havoc in European markets, Indian equities are continuing their uptick today.The key benchmark Sensex opened on a firm note and raced past the crucial 28,000 mark.At 10.50 am, the 30-share BSE S&a...
Greek drama not likely to waylay Federal Reserve | Reuters
Jun 29, 2015 at 23:15 | Source:
WASHINGTON The fuse may be lit for a Greek exit from the euro zone but the fallout in the United States is expected to be modest and not enough to throw the Federal Reserve's likely September rate hike off course, said former Fed officials and outsid...
Calm in Europe markets as Greece inches closer to default| Reuters
Jun 20, 2015 at 00:45 | Source:
LONDON Calm dominated European stock and markets on Friday as investors hoped an emergency meeting of euro zone leaders next week would allow Greece to avoid default later this month.The subdued reaction of many markets in recent weeks supports those...
News Corp must face Dial, Heinz ad monopoly class action - judge| Reuters
Jun 19, 2015 at 22:45 | Source:
NEW YORK News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States.U.S. District Judge William Pauley sa...
Dollar outlook darkens, sterling shines| Reuters
Jun 19, 2015 at 06:30 | Source:
SYDNEY The dollar wallowed at a fresh one-month low against a basket of major currencies early on Friday, as tame U.S. inflation data added to uncertainty over when the Federal Reserve will begin raising interest rates.A measure of core inflation ros...