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South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country."While we are in talks with the state governments, nothing has been decided," Samsung said in a statement. It didn't say how much it might invest, nor what products any new plant might make.The Economic Times reported ...
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made.Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and Reserve Bank of India (RBI) Governor Raghuram Rajan was just four ...
Gold held below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, with he dollar near 11-year highs on expectations of strong U.S. jobs data and an interest rate hike.FUNDAMENTALS* Spot gold was little changed at $1,199.61 an ounce by 0028 GMT, after falling for four straight sessions to Thursday. The metal is down about 1 percent for the week.* All eyes were on the U.S. nonfarm ...
Gold edged above $1,200 an ounce on Thursday as equities weakened, but the safe-haven metal retained most of its losses from a three-day decline on robust U.S. economic data and strength in the dollar.FUNDAMENTALS* Spot gold had ticked up 0.3 percent to $1,202.65 an ounce by 0035 GMT, after losing 1 percent in the last three sessions.* The metal fell on Wednesday after data showed U.S. private employers ...
March 6 (Reuters) - Hong Kong shares edged lower on Friday in the wake of sobering comments top officials made to the National People's Congress on the economic outlook. Leaders including Li Keqiang, China's premier, and Lou Jiwei, the minister of finance, have cautioned this week the country now faces larger economic challenges than in the past. For the week, Hong Kong's Hang Seng Index was down 2.7 ...
LONDON, March 6 (Reuters) - European equities steadied in early trading on Friday after recent sharp gains, with investors seen reluctant to place strong bets before a U.S. jobs report that could provide hints about the timing of a U.S. rate hike. A Reuters survey of economists forecast a 240,000 increase in non-farm payrolls after a 257,000 gain in January. That would mark the 12th straight month ...
South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country."While we are in talks with the state governments, nothing has been decided," Samsung said in a statement. It didn't say how much it might invest, nor what products any new plant might make.The Economic Times reported ...
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made.Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and Reserve Bank of India (RBI) Governor Raghuram Rajan was just four ...

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 ...
March 6 (Reuters) - Hong Kong shares edged lower on Friday in the wake of sobering comments top officials made to the National People's Congress on the economic outlook. Leaders including Li Keqiang, China's premier, and Lou Jiwei, the minister of finance, have cautioned this week the country now faces larger economic challenges than in the past. For the week, Hong Kong's Hang Seng Index was down 2.7 ...
LONDON, March 6 (Reuters) - European equities steadied in early trading on Friday after recent sharp gains, with investors seen reluctant to place strong bets before a U.S. jobs report that could provide hints about the timing of a U.S. rate hike. A Reuters survey of economists forecast a 240,000 increase in non-farm payrolls after a 257,000 gain in January. That would mark the 12th straight month ...
March 6 (Reuters) - Hong Kong shares edged lower on Friday in the wake of sobering comments top officials made to the National People's Congress on the economic outlook. Leaders including Li Keqiang, China's premier, and Lou Jiwei, the minister of finance, have cautioned this week the country now faces larger economic challenges than in the past. For the week, Hong Kong's Hang Seng Index was down 2.7 ...
LONDON, March 6 (Reuters) - European equities steadied in early trading on Friday after recent sharp gains, with investors seen reluctant to place strong bets before a U.S. jobs report that could provide hints about the timing of a U.S. rate hike. A Reuters survey of economists forecast a 240,000 increase in non-farm payrolls after a 257,000 gain in January. That would mark the 12th straight month ...
By Rebekah Kebede PERTH (Reuters) - When Probo Junio got a visa to work in Australia, he thought he had won a ticket to the good life. In 2013, the 45-year-old boilermaker left his hometown of Cebu in the Philippines, where he was getting paid about $10 a day, to work in Karratha in Western Australia for $30 an hour. Enough to support his relatives and build a new life Down Under. What Junio ...
MUMBAI (Reuters) - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index. FTSE's changes, which came after a semi-annual review of indices, may lead to net inflows of nearly $150 million in Indian shares and may help soothe worries about huge India overweight ...
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