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Beijing: China's stock market tumbled this week despite a massive government intervention aimed at halting a slide in prices that began last month. At its peak in early June, the Shanghai Composite Index had risen about 150 percent from late 2014. After dropping 30 percent over several weeks, government support measures calmed the market. But on Monday the sell-off resumed, with the Shanghai ...
European stocks snapped a five-day losing streak on Tuesday, with merger activity and earnings news lifting major markets by more than 1 percent, as investors shrugged off another fall in Chinese stocks and Brent oil's slide to a six-month low.The rebound in Europe looked set to extend to the United States. Futures markets pointed to a rise of more than 0.5 percent on Wall Street.Britain published ...
Even as the gold prices continued to fall on Tuesday, the prices of diamonds are on a firm ground, said leading jewellers. "There is no fall in diamond prices. Rather we have witnessed the changing consumer preference to invest in diamonds. The young generations of clients are purchasing diamonds both as an investment and to wear it as a style statement for diverse social occasions," Suraj Shantakumar, ...
Money managers, who have been cooling on gold for some time, last week held more short positions than long ones in the precious metal for the first time in nearly a decade, Bank of America reported Monday, suggesting an expectation prices will continue to fall."Gold no longer precious - money managers net short for the first time" since the bank started tracking this kind of information in 2006, researchers ...
* Fanuc, Tokyo Electron take hefty points off Nikkei * Weak smartphone, chip demand take toll on exporters - analyst By Ayai Tomisawa TOKYO, July 29 (Reuters) - Japan's Nikkei share average edged down on Wednesday morning hit by sharp falls in Fanuc Corp and Tokyo Electron after they cut their full-year forecasts, while the market awaited a policy decision from the U.S. Federal Reserve. The ...
* Asia shares tentatively higher, helped by Wall Street rally * China stocks edge up in choppy trade, uncertainty lingers * Fed statement due 1800 GMT, may not offer much new guidance By Wayne Cole SYDNEY, July 29 (Reuters) - Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead ...
Qatar Airways, which owns a 10 percent stake in British Airways owner IAG, is not in talks to buy a stake in Indian carrier SpiceJet nor is it interested in doing so, it said on Tuesday. "Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership," it said in a statement on its website. The statement follows rumours in ...
A Florida family who has hunted treasure for years found more than $1 million worth of gold artefacts this summer from the wreckage of a 1715 Spanish fleet that sank in the Atlantic, according to a salvage company’s estimate.The find included 51 gold coins of various denominations and 40 feet (12 metres) of ornate gold chain, said Brent Brisben, whose company, 1715 Fleet – Queens Jewels LLC, owns ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* Fanuc, Tokyo Electron take hefty points off Nikkei * Weak smartphone, chip demand take toll on exporters - analyst By Ayai Tomisawa TOKYO, July 29 (Reuters) - Japan's Nikkei share average edged down on Wednesday morning hit by sharp falls in Fanuc Corp and Tokyo Electron after they cut their full-year forecasts, while the market awaited a policy decision from the U.S. Federal Reserve. The ...
* Asia shares tentatively higher, helped by Wall Street rally * China stocks edge up in choppy trade, uncertainty lingers * Fed statement due 1800 GMT, may not offer much new guidance By Wayne Cole SYDNEY, July 29 (Reuters) - Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead ...
(Reuters) - Procter & Gamble Co veteran David Taylor will replace A.G. Lafley as chief executive in a widely expected move that coincides with a massive overhaul at the world's largest household products maker. Taylor's appointment is effective Nov. 1, and on the same day Lafley will become executive chairman of the board, P&G said in a statement. P&G has been struggling with sluggish sales due ...
By Krishna N. Das and Manoj Kumar NEW DELHI (Reuters) - Punjab National Bank (PNB), India's fourth-largest state lender by assets, could take control of some of the country's most heavily indebted steel companies and sell them on as part of a restructuring backed by New Delhi, bank officials said. PNB, a quarter of whose nearly $4 billion portfolio of steel loans is stressed, is considering taking ...
By Bernie Woodall DETROIT (Reuters) - Ford Motor Co's chief executive, Mark Fields, said on Tuesday he wants the company to act "like a startup" as it prepares for an evolution of the auto industry, after it posted second-quarter profit that handily beat expectations. Ford and other major automakers are racing to position themselves to profit during what Fields termed a rare "period of change ...
MILAN (Reuters) - Talks on the sale of indebted Italian car designer Pininfarina to Indian vehicle maker Mahindra & Mahindra will resume after the summer after the parties failed to strike a deal in July, two sources close to the matter said on Tuesday. The key investor in Pininfarina and the group's creditor banks are still seeking to agree a sale but Mahindra is "very cautious and plans to invest ...
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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