Us Federal

The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement.

Demonetisation: See mid single digit earnings growth for FY17, says Kotak Life

Post demonetisation the market was expecting an earnings growth of 15 percent for this fiscal, which has now been toned down and one can look at mid single digit growth for FY17, says Hemant Kanawala, Head of Equity at Kotak Life Insurance.

Volkswagen on track one year after 'Dieselgate' blow

The group's profit for the three months ending September fell slightly short of the 2.45 billion euros forecast by analysts, but was a sharp improvement from the 1.73-billion euro net loss posted for the same period last year.

Gold's rally may struggle towards USD 1,350

A US data-heavy schedule this week may drive gold higher if releases including the closely-watched housing and inflation numbers print below forecasts and help weaken the US dollar, though extreme winter weather may distort the readings.

Fed's Rosengren: shutdown could delay decision to taper

Congressional Republicans and the White House are in a stalemate over government funding forcing the first government shutdown in 17 years and interrupting, among other government functions, the regular flow of official data on the economy.

Asian shares slide as upcoming Fed meeting jangles nerves

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, dragged down by a 0.9 percent decline in Australian shares which faced selling in high-yielding stocks.

Poor economic data bigger market worry than Cyprus: UBS

Stephane Deo of UBS Investment Bank feels that the economic data is the main reason for markets getting spooked on Thursday.

Asian shares edge higher supported by Fed, China data

Asian shares inched higher and the dollar steadied on Thursday, supported by a pick-up in China's manufacturing sector and a commitment by the US Federal Reserve to maintain an accommodative monetary stance.