News & Announcements
In the US markets the two day winning streak came to a halt following some lackluster tech earnings and renewed concerns over the Euro zone. Dow though is still holding above 13000. Dow Jones Industrial Average was down 0.63% or 82.79 points at 13032.75. Nasdaq Composite was down 0.37% or 11.37 points at 3031.45. Standard [...]
The US markets saw a broad rally finally ending the day near session highs, with all three major averages logging their best rally in a month, helped by a handful of positive earnings reports and as fears over Europe diminished. The Dow Jones surged 1.5%, to close back above the 13,000 milestone. The CBOE volatility [...]
It was a mixed close on Wall Street, with the Dow and S&P holding onto some gains, but Nasdaq was dragged down by heavyweights such as Apple and Google. The Dow is trading close to its psychologically-important 13,000 level and the S&P is holding near its key 1,370 level. Strong US economic data helped European [...]
An onslaught of weak economic data accelerated the sell off in US markets in the final hour of trading, forcing key indices to close at session lows, logging their worst weekly decline for the year. European markets too extended their losses, led lower by euro zone banking stocks on fresh concerns about the finances of [...]
Infosys , country’s second largest software services exporter has reported mildly better than expected net profit of Rs 2,316 crore for the fourth quarter of FY12, a fall of 2.36% QoQ. CNBC-TV18 poll of analysts expected it at Rs 2,290 crore. The company has disappointed the street by its revenues and EBIT, though profits came [...]
India’s wholesale price inflation rate likely slowed marginally in March as easing price pressures from non-food items offset persistently high food and fuel costs, a Reuters poll showed. The median consensus from a survey of 30 economists pinned expectations for headline inflation at 6.70% for March from a year ago, under the higher-than-expected 6.95% recorded [...]
Developing Asia’s rapid growth in recent years has given rise to a widening rich-poor divide that threatens to undermine the region’s growth and stability, but governments can address the problem via shifts in spending priorities, the Asian Development Bank said. The region must spend more on education and health, create quality jobs and invest in [...]
Real estate is a significant part of an investor’s pie. It is also a time tested asset, which almost always appreciates except in times of severe economic downtrends, when it’s temporarily affected. In fact, buying real estate for investment purposes and selling it later at a higher price has become very common among investors. Banks [...]
US stocks are at the start of a more meaningful correction and possibly even a bear market, Marc Faber, the editor and publisher of the Gloom, Boom and Doom report told CNBC in Singapore on Saturday, though he added that further money printing would likely limit the decline in the S&P 500. “The technical underpinnings [...]
US payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2%. Employers added 120,000 jobs last month, the Labor Department said on Friday, the smallest increase since October. Economists polled by Reuters [...]
