Chinese yuan drops against dollar
Beijing, Feb 23 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, lost 108 basis points to 6.5273 against the US dollar on Tuesday, according to the China Foreign Exchange Trading…
Finance
Chinese shares open mixed
Beijing, Feb 23 (IANS) Chinese stocks opened mixed on Tuesday, with the benchmark Shanghai Composite Index down 0.05 percent, at 2,925.71 points. The smaller Shenzhen index opened 0.03 percent higher at 10,374.36 points, Xinhua news…
Tokyo shares open higher
Tokyo, Feb 23 (IANS) Tokyo shares opened the trading Tuesday higher following overnight gains in the US equity market and the rise in oil prices. At 9.15 a.m., the 225-issue Nikkei Stock Average gained 184.66…
US stocks surge as oil rebounds
New York, Feb 23 (IANS) The US stocks ticked up in the morning session on Monday, as a strong rebound in oil prices boosted Wall Street sentiment. By midday, the Dow Jones Industrial Average surged…
Germany’s benchmark DAX index closes higher
Frankfurt, Feb 23 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Monday went up by nearly 200 points and closed at 9,573.59 points. Oil prices hiked and the exchange rate of euro plunged,…
Spanish stock market closes higher
Madrid, Feb 23 (IANS) The Spanish stock market index Ibex 35 rose 2.35 percent on Monday to close at 8,387 points, up from the 8,194.20 points of Friday. ArcelorMittal shares led rises climbing 7 percent,…
US stocks open higher as oil rebounds
New York, Feb 22 (IANS) US stocks opened higher on Monday as a strong rebound in oil prices boosted Wall Street sentiment. Oil prices traded sharply higher in early trading Monday, with the US oil…
Italian PM seeks EU funding cuts for anti-migrant states
Rome, Feb 22 (IANS/AKI) The European Union should punish central and Eastern European countries which refuse to take in asylum seekers by cutting their funding, Italian Premier Matteo Renzi said on Monday. “If you don’t…
Process and likely focus areas of the Budget 2016
By Amit Kapoor The budget is an important document that decides the course of the fiscal policy of the government over the coming year. This year seems to be no different with the halwa ceremony…
Bankers to strike for reinstating Dhanalaxmi Bank officer
Chennai, Feb 22 (IANS) The All India Bank Officers Confederation (AIBOC) on Monday said it would go on nation-wide strike on February 29 to demand the reinstatement of an official in the Kerala-based Dhanalaxmi Bank….
IISL announces five new indices, total indices at 11
New Delhi, Feb 22 (IANS) National Stock Exchange (NSE) group company India Index Services & Products Ltd (IISL) on Monday announced the new Nifty broad market indices structure consisting of 11 indices, five of them…
Rupee touches 30-month closing low
Mumbai, Feb 22 (IANS) The Indian rupee weakened by 14 paise on Monday to touch its 30-month closing low. The rupee closed at 68.60 against the US dollar, at level which was last seen during…
Lend more, expand service: Odisha government tells banks
Bhubaneswar, Feb 22 (IANS) The Odisha government on Monday asked banks to increase their credit-deposit (CD) ratio and open branches in all Gram Panchayats (village councils) in the state. The villages without banks should be…
Short-coverings, global cues swell equity markets
Mumbai, Feb 22 (IANS) Short-coverings, coupled with value-buying and positive global indices, supported the rise of the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE closed the day’s…
Budget to be growth-oriented with eye on fiscal deficit: Official
New Delhi, Feb 22 (IANS) Ahead of the February 29 presentation of India’s budget for the next fiscal, the government on Monday promised a growth-oriented budget that would also keep in mind the country’s fiscal…
Short-coverings, Asian cues swell markets
Mumbai, Feb 22 (IANS) Short-coverings, coupled with value-buying and positive global indices, supported the rise of the Indian equity markets on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE provisionally closed the…
HSBC reports loss worth $1.3 bn in 2015’s Q4
London, Feb 22 (IANS) HSBC Holdings Plc on Monday reported a net loss of $1.3 billion in the fourth quarter of 2015, compared with total profit of $511 million during the same period last year….
Chinese shares close higher
Beijing, Feb 22 (IANS) Chinese stocks soared high on Monday — with the benchmark Shanghai Composite Index up 2.35 percent — to close at 2,927.18 points. The smaller Shenzhen index closed 2.05 percent higher at…
Chinese shares surge
Beijing, Feb 22 (IANS) Chinese shares regained the 2,900-point mark on Monday, following the appointment of a new regulator head on Saturday. The benchmark Shanghai Composite Index surged 2.35 percent to close at 2,927.18 points…
Japan stocks close higher
Tokyo, Feb 22 (IANS) Japan stocks closed higher on Monday, reversing earlier losses as the yen’s retreat against the US dollar, coupled with a strong showing on Chinese bourses, lifted the market mood and spurred…