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For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been the norm for oil traders since the late 1990s.Back then, Yahoo's technology revolutionized the industry, helping usher in a ...

Sensex ends 184 points up

2016-07-28 16:45:15

With investors picking up stocks, betting on GST hopes and good monsoon, the Indian stock market ended on a buoyant note on Thursday. A few good results from India Inc too aided sentiment. Short covering at a few counters ahead of near month derivatives contracts expiry contributed a bit to market's rise.The GST Bill's passage in parliament is likely to happen soon with the Union Cabinet giving its ...
Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to leave the European Union. Relief that the Fed was ...
Gold held steady on Thursday, clinging to gains from the previous session when it rose 1.5 percent to a two-week high on a weaker dollar after the U.S. Federal Reserve left interest rates unchanged. The Federal Reserve did say near-term risks to the U.S. economic outlook had diminished, potentially leading to a resumption of monetary policy tightening this year. However, the Fed gave no indication ...
SHANGHAI (Reuters) - Twelve Chinese commercial banks have signed an alliance allowing customers to transfer funds online and via mobile phones without being charged, state news agency Xinhua reported late on Thursday. The members of the alliance include China Citic Bank , China Merchants Bank and China Everbright Bank . The banks are hoping to attract more customers with the move, which is also ...
SINGAPORE (Reuters) - Shares of DBS Group Holdings fell 2.6 percent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd , an oilfield services provider that filed to wind up operations. Singapore's biggest lender said it would tap into its reserves to fully provide for the anticipated shortfall and that it expected the net allowance ...
With a strong revenue and profit growth, social networking giant Facebook has added 60 million monthly users in the second quarter of 2016 to reach 1.71 billion users while scoring $6.44 billion in revenue - blowing the earlier estimates of $6.02 billion. Its social network operation raked in $2.05 billion in profit compared to $719 million a year ago. Wall Street on Thursday reacted to the positive ...
The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. The U.S. central bank said the economy had expanded at a moderate rate and job gains were strong in June. It added that household spending also had been "growing strongly," and pointed to an increase ...

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 ...
SINGAPORE (Reuters) - Shares of DBS Group Holdings fell 2.6 percent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd , an oilfield services provider that filed to wind up operations. Singapore's biggest lender said it would tap into its reserves to fully provide for the anticipated shortfall and that it expected the net allowance ...
* Nikkei down 0.1 pct, Topix slips 0.3 pct * Yen hits 2-1/2-week high vs dollar, weighs on Nikkei * Market wary before BOJ decision amid entrenched easing hopes By Shinichi Saoshiro TOKYO, July 29 (Reuters) - Japan's Nikkei share average dipped on Friday, weighed down by a stronger yen and uncertainty over whether the Bank of Japan will ease policy later in the day. The Nikkei was down 0.1 ...
SHANGHAI (Reuters) - Twelve Chinese commercial banks have signed an alliance allowing customers to transfer funds online and via mobile phones without being charged, state news agency Xinhua reported late on Thursday. The members of the alliance include China Citic Bank , China Merchants Bank and China Everbright Bank . The banks are hoping to attract more customers with the move, which is also ...
SINGAPORE (Reuters) - Shares of DBS Group Holdings fell 2.6 percent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd , an oilfield services provider that filed to wind up operations. Singapore's biggest lender said it would tap into its reserves to fully provide for the anticipated shortfall and that it expected the net allowance ...
By Bernie Woodall and Joseph White DETROIT (Reuters) - Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. Shanks earlier forecast U.S. light vehicle sales would fall in 2016 from the record of 17.47 million ...
By Giles Elgood and Costas Pitas LONDON (Reuters) - Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging. Preparing for a Brexit-related slowdown, Lloyds Banking Group said it would cut a further 3,000 jobs. One of Britain's biggest ...
  Cities   Price (10g)
  Gold Rate in Chennai   Rs. 29430.00 (0.24%)
  Gold Rate in Mumbai   Rs. 30650.00 (-0.39%)
  Gold Rate in Delhi   Rs. 30000.00 (0%)
  Gold Rate in Kolkata   Rs. 30350.00 (0%)
  Gold Rate in Kerala   Rs. 28350.00 (0%)
  Gold Rate in Bangalore   Rs. 29150.00 (-1.42%)
  Gold Rate in Hyderabad   Rs. 29430.00 (-0.47%)

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