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Hong Kong's benchmark index climbed to fresh 3-1/2-year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. The Hang Seng Index rose for the seventh straight day to end 0.4 percent up at 24,732.21 points. It was last at these levels in November 2010. The China Enterprises Index of the leading offshore Chinese listings ...
On expected lines, the real estate sector and the infrastructure sector were the focus sectors of the government in the annual union budget of 2014-15. The finance minister announced a series of measures to bring investment into the sector while giving special emphasis on affordable housing. The announcement that Rs 8000 crore will be earmarked for rural housing along with a series of dedicated proposals ...
Gold fell on Tuesday as investors nervously awaited the end of U.S. Federal Reserve's two-day policy meeting on Wednesday to see if the central bank will raise interest rates faster than expected. Further weighing on the market was some selling in the August U.S. gold futures contract, traders said, as the contract headed for expiration over the next few weeks. "What really mattered of course was ...

Gold spend on a high, says NSSO

2014-07-30 02:07:00

India's affection for gold has only been growing across rural and urban areas. When compared with real estate, the yellow metal is still clearly perceived as a safer bet, a recent National Sample Survey Office (NSSO) survey revealed. The share of expenditure on gold has risen sharply in both rural and urban parts of the country between 2004-05 and 2011-12, the survey shows. On the other hand, the ...
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