News & Announcements
Equities surged on Tuesday boosted by better than expected US manufacturing data, leading to major key indices kicking off the month the May on a positive note. Wall Street pared gains in the final hour of trade, but the Dow still managed to hit its best closing high since December 2007. In Europe, Britain’s FTSE, [...]
After keeping away from lending to realty developers for over a year following the bribes-for- loans scam, LIC Housing Finance (LICHF) plans to push up on the segment and is targeting to double disbursals in the high- margin area in the current fiscal, a top official has said. “We are targeting a 100% growth under [...]
Caught in a vice between sluggish global growth and worldwide debt deleveraging, investors face another week of potentially gloomy economic news with no relief in sight from the growing concerns about euro zone debt. The focus will be mainly on the European Central Bank’s monthly policy meeting, the US non-farm payrolls report and data on [...]
A day after global credit rating agency S&P cut India’s outlook to ‘negative’, RBI on Thursday said the country’s financial system is strong and sometimes these ratings are discounted by markets. It also said that the Reserve Bank will intervene in the forex market only if there is high volatility in the currency market, not [...]
Gold edged down on Thursday after the US Federal Reserve’s meeting on interest rates offered few surprises, but gains in equities and expectations the central bank could do more if necessary to lift the economy helped limit losses. The Fed has previously engaged in two rounds of asset purchases totalling USD 2.3 trillion, known as [...]
Asset quality concerns continue to haunt the Indian banking industry. The total amount of restructured loans during 2011-12 and 2012-13 is expected to be at around Rs 2 lakh crore (Rs 2 trillion) with a significant portion from large-sized corporate entities, stated Crisil Ratings in a report released on Tuesday. At the same time, banks’ [...]
The eurozone debt crisis has reared its head again, triggering a sell off in most equity markets around the world. In the US, markets trimmed losses by the end of trade but still ended in the red. The S&P500 is down almost 4% from its 2012 highs. In Europe, markets closed sharply lower shedding last [...]
The Netherlands, a core eurozone member, was drawn into Europe’s debt crisis at the weekend when the government failed to agree on budget cuts, making elections almost unavoidable and casting doubt on its support for future eurozone measures. Prime Minister Mark Rutte, whose centre-right coalition has been in power since October 2010, said on Saturday [...]
Two key central bank meetings and a string of big data releases in the coming week should sharpen the debate over slowing growth and rising inflation risks, and may shake the markets out of the doldrums which followed a bumper first quarter for asset prices. The US Federal Reserve’s monetary policy committee will update its [...]
Weak US economic data overshadowed better than expected earnings on Wall Street yesterday, triggering a sell-off which pushed the Dow back below the 13,000 level. The market did manage to come off their worst levels of the day, but still ended in red down a little more than half a percent. European markets also closed [...]
