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Bearish on China

2014-04-24 10:56:00

Those bullish on the Chinese economy will argue that periodic reports of a coming crash over the past several years have always been proven wrong. They have a point, but the bad news is coming with ever greater regularity. Few are predicting a crash, but the consensus view gets more pessimistic with every month. Wednesday's news was that HSBC's purchasing managers' index (PMI) for April signalled a ...
As Mumbai heads for the polling booth on Thursday, most corporate leaders say they will be voting for a change at the Centre to bring in a government that is corruption-free, decisive and which can help revive the economy. “I am clear who to vote for. The issues are governance, integrity, economic agenda, leadership qualities and the local candidate,” said Harsh Goenka, chairman of ...
Gold steadied on Wednesday above a 2-1/2 month low hit the previous session, as a softer tone to equities and the dollar helped arrest its slide above a key chart level, but demand from investors and retail buyers remained slack. Gold fell to its lowest since mid-February on Tuesday after U.S. housing data beat expectations, boosting confidence in the U.S. economic recovery and lifting stock markets, ...
Gold prices rose by Rs 190 to Rs 30,440 per ten grams at the bullion market on Wednesday following sustained buying by stockists on pick-up in seasonal demand amid firm global trend. Silver also rose by Rs 470 to Rs 43,300 per kg on increased offtake by industrial units and coin makers. Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global ...
Getting insurance companies to pay claims is the hard part at times. Though the claims ratio of most insurance companies is 94-98 per cent, claimants often have to run pillar to post to get these. There are various reasons due to which claims can be rejected. Among these is a delay on the part of the claimant. Under the Limitation Act, a claimant has to tell the company about the death in three years. ...
At some point or the other in life, people face certain situations which make them wonder whether their financial life is heading in the right track or not. They become apprehensive about whether there is growth in the near future or they are standing on the verge of a great financial disaster. In case the financial life is in jeopardy, one needs to take charge of all their financial matters, while ...
As Mumbai heads for the polling booth on Thursday, most corporate leaders say they will be voting for a change at the Centre to bring in a government that is corruption-free, decisive and which can help revive the economy. “I am clear who to vote for. The issues are governance, integrity, economic agenda, leadership qualities and the local candidate,” said Harsh Goenka, chairman of ...
Infosys CEO & MD Shibulal has decided to retire as his term comes to an end in March next year. The company has started to look for his successor. How will history view Shibulal's tenure at Infosys that began in August 2011? In all probability, it will be remembered as a period of turbulence. It was in Shibulal's tenure when the Bangalore-based company lost most of the things it was best known for ...
The buzz over YES Bank promoters looking at the possibility of selling stake to L&T Finance is getting louder in the market. As neither the bank or the non-banking finance company (NBFC) categorically denied the speculation, YES Bank shares gained seven per cent on the BSE on Wednesday, partly helped by its quarterly results. L&T Finance Holdings' shares, however, didn't show much enthusiasm and ended ...

Wonderla IPO subscribed 38 times

2014-04-24 10:51:00

The initial public offering (IPO) of amusement park company Wonderla Holidays, which closed on Wednesday, got subscribed 38 times, the most in two years. The offering got applications worth Rs 6,800 crore against its size of Rs 180 crore, as it drew investors across segments.   Investment bankers said the response could help lift sentiment in the primary markets. Only one company, Justdial, ...
PARIS, April 24 (Reuters) - European shares rose in early trade on Thursday, recouping most of the previous session's losses, with Alstom surging on merger and acquisition talk. Shares in the French firm jumped 16 percent following a report saying General Electric was in talks to buy the French turbine and train maker. At 0703 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent ...
COLOMBO, April 24 (Reuters) - The Sri Lankan rupee traded weaker on Thursday in thin trade due to light importer dollar demand, while dealers expected the currency to remain stable until imports pick up sharply with remittances slowing down. The spot rupee was traded at 130.63/66 per dollar at 0617 GMT, a tad weaker from Wednesday's close of 130.60/61. "We see importer dollar demand coming in with ...
COLOMBO, April 24 (Reuters) - The Sri Lankan rupee traded weaker on Thursday in thin trade due to light importer dollar demand, while dealers expected the currency to remain stable until imports pick up sharply with remittances slowing down. The spot rupee was traded at 130.63/66 per dollar at 0617 GMT, a tad weaker from Wednesday's close of 130.60/61. "We see importer dollar demand coming in with ...
SINGAPORE, April 24 (Reuters) - Singtel shares rose to their highest in more than four months on Thursday, while the Singapore index reversed losses from the previous session to rise to a near 11-month high, boosted by better-than-expected tech earnings on Wall Street. The benchmark Straits Times index rose 0.6 percent to 3,277.1, after touching a high of 3,278.14, a level unseen since last June. ...
CHENNAI, India, April 24 (Reuters) - India's opposition Bharatiya Janata Party was set to make gains in two big states in the south and east that began voting on Thursday in the sixth phase of a mammoth general election that could help it build a stable majority in parliament. A final set of opinion polls predicted a strong showing by the BJP and its allies in Tamil Nadu in the south and West Bengal ...
* BSE index ends 0.52 pct higher; NSE index closes up 0.37 pct * Banks, capital goods stocks gain * Broader gains capped by continued profit-taking By Indulal PM MUMBAI, April 23 (Reuters) - Indian shares hit record highs for a third session in a row as infrastructure companies such as Larsen & Toubro extended recent gains while lenders including Yes Bank advanced on hopes the worst was over ...
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