Tokyo, Feb 22 (IANS) Japan stocks reversed early losses on Monday morning as the yen’s retreat versus a basket of currencies prompted buying, particularly of export-linked stocks whose companies’ profit outlooks are enhanced by a…
Mumbai, Feb 22 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday was trading flat at 32.45 points, or 0.14 percent up during the morning session. The wider 50-scrip…
Beijing, Feb 22 (IANS) Chinese stocks opened higher on Monday, with the benchmark Shanghai Composite Index up one percent, at 2,888.6 points. The smaller Shenzhen index opened 1.26 percent higher at 10,290.05 points, Xinhua news…
Beijing, Feb 22 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, gained 21 basis points to 6.5165 against the US dollar on Monday, according to the China Foreign Exchange Trading…
Tokyo, Feb 22 (IANS) Tokyo stocks opened lower on Monday as Wall Street’s drop at the end of last week, coupled with a firm yen, weighed on the market mood. As of 9.15 a.m., the…
New Delhi, Feb 22 (IANS) Indian industry has pitched for continuation of the 10 percent peak rate of customs duty in its pre-budget recommendations to the finance ministry ahead of the union budget for the…
Mumbai, Feb 21 (IANS) Cautioning against the overall deflationary dangers from the global oil price slide, Reliance Industries (RIL) chairman Mukesh Ambani said on Sunday that oil prices are likely to remain low for the…
Chennai, Feb 21 (IANS) Making the tax administration tax-payer friendly and transparent, tax holiday for a certain period for businesses generating jobs, increase in tax exemption and deductible limits are some of the Budget expectations…
New Delhi, Feb 21 (IANS) The reason behind India’s high growth rate is the quality of public expenditure, which has improved significantly in the current financial year, the government has said. “In the current fiscal,…
London, Feb 21 (IANS) Focusing on “equal work and equal pay”, a new research calls for actions to ensure equal wages for equally-performing or -skilled scientists, especially females who earn about 14 percent less than…
New Delhi, Feb 21 (IANS) With a renewed government focus on three of Prime Minister Narendra Modi’s pet initiatives — Make in India, Digital India and Skill India, the tech industry, including the telecom sector,…
New Delhi, Feb 21 (IANS) The Union Budget for the next fiscal (2016-17), to be presented on February 29 by Finance Minister Arun Jaitley, should earmark enough funds for investing in infrastructure that will drive…
Beijing, Feb 21 (IANS) The efforts of China’s central bank to manage market liquidity after the Lunar New Year holiday will help ensure smooth liquidity conditions, allowing financial markets to function without disruption, according to…
By Rohit Vaid Mumbai, Feb 21 (IANS) Parliamentary proceedings, coupled with US macroeconomic data and trends in crude oil prices, are expected to steer the Indian equity markets during the upcoming week. Even the budgetary…
Washington, Feb 20 (IANS) The International Monetary Fund (IMF) on Friday announced that it selected Christine Lagarde to serve as its leader for a second five-year term. Lagarde, the sole candidate nominated for the post…
Mumbai, Feb 19 (IANS) With the profitability of Indian public sector banks (PSBs) severely dented as seen from recent third-quarter results, their credit profile will come under pressure unless they are adequately capitalised, Fitch Ratings…
Mexico City, Feb 19 (IANS) Thursday saw a new front opened in the battle against the Zika virus as the World Bank entered the fray, pledging $150 million for Latin America and the Caribbean to…
Mumbai, Feb 18 (IANS) The Reserve Bank of India (RBI) on Thursday decided not to allow non-banking financial companies undertake point of presence services for National Pension System (NPS). “The bank has examined the proposals…
New Delhi, Feb 18 (IANS) The forthcoming railway budget, to be presented by Railway Minister Suresh Prabhu on February 25, must focus more on passenger services and amenities, including safety and punctuality, said a online…
By Vatsal Srivastava Global financial markets have started to price in a global recession since the beginning of 2016. The Fed raised rates for the first time in almost a decade but the price action…