Federal Reserve in easy decision to end stimulus
Nov 20, 2014 at 04:32 | Source:
Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus programme, its latest minutes reveal. Minutes from the central bank's October meeting show officials we...
Aurobindo Pharma July-September Quarter Net Rises 58% to Rs 372 Crore
Nov 07, 2014 at 14:00 | Source:
Hyderabad: Aurobindo Pharma today reported 58.3 per cent jump in consolidated net profit at Rs 372.2 crore for the quarter ended September on the back of robust growth in the US market. The company had reported a net profit of Rs 235 crore in the&...
Mexico: Mayor, wife detained in case of 43 missing students
Nov 05, 2014 at 07:34 | Source:
Mexico City: Mexico's most-wanted couple, accused of running their town as a drug fiefdom and ordering an attack that killed six and left 43 college students missing, were caught on Tuesday in a rough-and-tumble neighbourhood of Mexico City where the...
Saudi Price Cuts to US See Crude Fall
Nov 04, 2014 at 18:01 | Source:
Wall Street Journal
“Apparently Saudi Arabia is now concentrating more on defending its market shares on the U.S. market,” said analysts at Commerzbank in a note. They said this could pose a problem for Canada, Mexico and Venezuela, which are other leading suppliers...
US stocks end a turbulent month at a record high
Nov 01, 2014 at 10:00 | Source:
Stocks started the month modestly below a record high, only to cascade to their worst slump in two years. But after flirting with a correction, or a 10 percent drop, the U.S. market rebounded and closed at all-time highs on the last day of the month ...
Falling oil prices: Who are the winners and losers?
Oct 28, 2014 at 14:37 | Source:
Falling oil prices mean that some oil exporters are bracing themselves for significant revenue shortfalls, while some importing countries could benefit economically as consumers pay less for energy and have more to spend elsewhere. Until this summer,...
Goldman Cuts Oil Forecasts as U.S. Market Clout Increases
Oct 27, 2014 at 12:01 | Source:
Goldman Sachs Group Inc. (GS) cut its forecasts for Brent and WTI crude prices next year on rising global supplies, predicting OPEC will lose influence over the oil market amid the U.S. shale boom. The bank is becoming more confident in the scale and...
Goldman Cuts Oil Forecasts as US Market Clout Increases
Oct 27, 2014 at 12:00 | Source:
A tool pusher, front, controls the drilling rig at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pennsylvania. U.S. oil output is near a 30-year high. Photographer: Ty Wright/Bloomberg. Goldman ...
It’s a cracker of a year Samvat 2070 ends on a high
Oct 23, 2014 at 08:52 | Source:
Calcutta Telegraph News
Mumbai, Oct. 22: Samvat 2070 ended on a promising note for investors today with the BSE Sensex scoring a double century on reports of strong festive sales and hopes that the central government will continue with its reform measures. While the benchm...
Yahoo profits surge on earnings from Alibaba sale
Oct 22, 2014 at 02:22 | Source:
Technology giant Yahoo has reported profits of $6.8bn (£4.2bn) for the three months to September, buoyed by earnings from the firm's stake in Alibaba. Yahoo was required to sell part of its stake ahead of the Chinese firm's stock market fl...
Huawei boss says US ban 'not very important'
Oct 16, 2014 at 23:17 | Source:
The boss of the world's largest telecommunications company, Huawei, says that he is confident of realising the group's global ambitions even without the US market. The Chinese firm is banned from bidding for US government contracts because ...
Sell Cairn India, Sesa Sterlite Today: Sanjeev Bhasin
Oct 16, 2014 at 10:00 | Source:
Indian markets to see weak opening as global cues worsen after US markets correct further. Nifty to retest 7800-7850 support & will see further consolidation as foreign investors continue to be sellers. The saving grace would be oil trading @...
Gap chief executive to resign in February
Oct 09, 2014 at 18:42 | Source:
The chief executive officer of US retail clothing chain Gap is stepping down, the company said on Wednesday. Glenn Murphy will resign as its chairman and chief executive in February after being in the role for over seven years. He will be replaced by...
Europe's Next Dip
Oct 09, 2014 at 02:01 | Source:
Wall Street Journal
This week's stock market rout in Europe, which also hit U.S. markets, is being attributed to a downgrade in the International Monetary Fund's outlook for the euro zone. Maybe so, although the conclusion that Europe is in deep economic...
US markets cheer Federal Reserve minutes
Oct 09, 2014 at 01:26 | Source:
US markets rose sharply after minutes from the September meeting of the Federal Reserve were released. The transcript indicated that US central bankers were wary of raising rates too soon. Officials were worried markets were too focused on a rate ris...
Unions oppose US trade deal with EU
Oct 04, 2014 at 00:41 | Source:
Plans for a major EU-US trade deal have been denounced by trade unions on the last day of their annual conference. Delegates unanimously backed a motion opposing the Transatlantic Trade and Investment partnership (TTIP) and calling for negotiations t...
Investors See Reasons to Jump Into US Markets
Oct 01, 2014 at 14:01 | Source:
Wall Street Journal
A resurgent dollar is remaking the investment landscape as Federal Reserve stimulus ends, in a shift many fund managers expect will propel U.S. stocks to fresh gains and keep bonds buoyant. The Fed in October is expected to conclude the bond purchase...
Hong Kong Shares Open Sharply Lower
Sep 29, 2014 at 07:57 | Source:
Wall Street Journal
Stocks in Hong Kong led most of the region lower Monday, as a crackdown on pro-democracy protesters in the city outweighed solid gains in the U.S. market Friday. In Hong Kong, the Hang Seng 0011.HK -1.17% Hang Seng Bank Ltd. Hong Kong ...