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outh Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.A meeting between the Japanese and South Korean finance ministers was "an impetus to deepen cooperative relations" regarding the Asian Infrastructure Investment Bank (AIIB), South Korea's Choi ...
U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the ...
Gold rose on Friday as the dollar's rally stalled ahead of U.S. inflation data, but the precious metal was still on course for its biggest weekly decline in four weeks.Spot gold rose 0.5 percent to $1,211.98 an ounce by 1001 GMT. It was down 0.8 percent for the week, however, heading for its biggest fall since the week ended April 24 and 1.5 percent below a three-month high of $1,232.20 hit on May ...
Gold prices fell by Rs 50 to Rs 27,600 per 10 grams at the bullion market today due to slackened demand from jewellers and retailers amid a weak global trend. Silver also declined by Rs 180 to Rs 39,175 per kg on reduced offtake by industrial users and coin makers. Traders said easing demand from jewellers and retailers and a weakening global trend mainly kept pressure on gold prices. Gold in New York, ...
CHENNAI, May 23 (Reuters) - One of India's most powerful politicians, Jayalalithaa Jayaram, was sworn in as chief minister of the southern state of Tamil Nadu following a nine-month break, after a court overturned her conviction in a corruption case. Jayalalithaa was forced to resign as chief minister last year after being convicted of holding 530 million rupees ($8.3 million) in unaccounted cash ...
outh Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.A meeting between the Japanese and South Korean finance ministers was "an impetus to deepen cooperative relations" regarding the Asian Infrastructure Investment Bank (AIIB), South Korea's Choi ...
President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12-nation Pacific Rim trade deal central to projecting American influence in Asia.Attention now turns to the House of Representatives, where opposition is deeper to granting the president power to negotiate trade deals that can be approved or rejected ...
MUMBAI, May 22 (Reuters) - India's capital markets regulator has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website. In March, the Securities and Exchange Board of India (SEBI) announced an alternative investment platform targeted at the country's booming internet start-ups, relaxing ...

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 ...
* Yellen comments leave rate expectations unchanged on Wall Street * Core inflation highest since January 2013 * Boeing falls after Bombardier jet report * Microsoft down after report of Salesforce deal talks * Indexes end down: Dow 0.29 pct, S&P 0.22 pct, Nasdaq 0.03 pct (Updates to close) By Noel Randewich May 22 (Reuters) - U.S. stocks ended weaker on Friday after Federal Reserve Chair ...
By Noel Randewich (Reuters) - U.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on Wall Street. In a speech, Yellen said the economy was well-positioned for growth and that it would take several years to return to normal interest rates. ...
President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12-nation Pacific Rim trade deal central to projecting American influence in Asia.Attention now turns to the House of Representatives, where opposition is deeper to granting the president power to negotiate trade deals that can be approved or rejected ...
Oil fell about 2 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices.Heating oil, a proxy play for diesel, also fell almost lost 2 percent while gasoline RBc1 lost more than 1 percent on concerns of outsized U.S. supply despite forecasts for a spike in driving this weekend and through Monday's Memorial Day holiday.Worries ...
US Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.Citing people briefed on the inquiry, the Times said a settlement could be reached as soon as this summer. The final number is still being negotiated, but ...
WASHINGTON (Reuters) - U.S. regulators will oversee General Motors Co's decision-making about potential vehicle safety issues for an additional year, the National Highway Traffic Safety Administration said on Thursday. The extension requires GM to continue submitting reports to the agency and meeting with staff so that regulators can monitor the automaker's process of investigating potential safety ...
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