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Ford Motor Co on Tuesday posted a profit that missed analyst expectations as it sold fewer vehicles in North America due to the rollout of the F-150 pickup truck and continued to lose money in South America and Europe. The No. 2 U.S. automaker maintained its full-year forecast of pretax profit of between $8.5 billion and $9.5 billion. The company improved its forecast for North American operating ...
Deutsche Bank's co-chief executive Juergen Fitschen went on trial on Tuesday, accused of giving misleading evidence in connection with the collapse in 2002 of the Kirch media empire in a case that could prove a major distraction at a time when the bank is undergoing a strategic overhaul. In one of the highest-profile corporate trials in Germany, Fitschen, aged 66, has vowed to fight allegations ...
Gold clung to sharp overnight gains on Tuesday, bolstered by a weaker dollar and short-covering on rising expectations the Federal Reserve will not hint at a June rate hike at its policy meeting this week.FUNDAMENTALS* Spot gold had eased slightly to $1,199.60 (75,924 rupees) an ounce by 0040 GMT, after jumping nearly 2 percent in the previous session.* The metal rose to its highest in a week at $1,207.01 ...
Gold prices fell by Rs 110 to Rs 27,050 per 10 grams at the bullion market here today on easing demand from jewellers and retailers even as the metal strengthened overseas. However, silver prices recovered by Rs 150 to Rs 36,500 per kg on scattered buying from industrial units. Traders said slackened demand from jewellers and retailers at prevailing higher levels mainly weighed on gold prices but a ...
By Marcy Nicholson and Clara Denina NEW YORK/LONDON (Reuters) - Gold rose 1 percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months. Spot gold climbed 1.1 percent to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April ...
By Avik Das (Reuters) - MasterCard Inc's strong association with Chinese bank card behemoth UnionPay is expected to help it reap more benefits than larger rival Visa Inc as the country opens up its $7 trillion bank card payments market to foreign players. The world's largest debit and credit card issuers have so far been barred from operating independently in the China bank card market - projected ...
Beijing: Huawei Technologies launched the Honor 4C smartphone, the latest bid by the Chinese technology firm to gain market share in the highly competitive budget handset segment from domestic rivals such as Xiaomi Inc.The phone has a 5-inch display, slightly larger than the iPhone 6 and the same as Xiaomi's Mi 4 smartphone, and starts at 799 yuan ($129). By comparison, the iPhone 6 starts at around ...
Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal, the company said on its blog.The Patent Purchase Promotion program will remain open from May 8 to May 22, the company said on Monday.Google said it will let ...

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 ...
By Sam Forgione NEW YORK (Reuters) - U.S. shares rebounded in afternoon trading on Tuesday, boosted by strong earnings from Merck and a dividend hike by IBM, while oil prices pared gains on expectations that U.S. crude stockpiles have reached record highs. Merck shares jumped 5.2 percent after the U.S. drugmaker beat quarterly earnings estimates. IBM shares rose 1.8 percent, the biggest positive ...
* Apple shares fall in volatile trading * Merck on track for its best day since January 2014 * Feb U.S. single-family home prices rise * Dow up 0.3 pct, S&P up 0.2 pct, Nasdaq down 0.04 pct (Updates to late afternoon) By Caroline Valetkevitch April 28 (Reuters) - The Dow and S&P 500 inched higher on Tuesday afternoon, helped by strong earnings from Merck and gains in IBM after it boosted ...
By Avik Das (Reuters) - MasterCard Inc's strong association with Chinese bank card behemoth UnionPay is expected to help it reap more benefits than larger rival Visa Inc as the country opens up its $7 trillion bank card payments market to foreign players. The world's largest debit and credit card issuers have so far been barred from operating independently in the China bank card market - projected ...
By Nita Bhalla NEW DELHI, April 28 (Thomson Reuters Foundation) - Hundreds of thousands of Nepali migrants working in Gulf States must be allowed to return home after a massive earthquake devastated their impoverished nation, a trade union group said on Tuesday. The International Trade Union Confederation (ITUC), which has 176 million members globally, said it had written to the Qatar, Saudi Arabia ...
(Adds Advent) April 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday: ** Time Warner Cable Inc is open to merger discussions with Charter Communications Inc following a failed $45 billion bid by Comcast Corp, according to people familiar with the matter. ** DuPont's board is open to a negotiated settlement with activist Trian Fund ...
By Bernie Woodall and Ben Klayman DEARBORN, Mich. (Reuters) - Ford Motor Co reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South America. The No. 2 U.S. automaker on Tuesday also maintained its full-year forecast of pretax profit between $8.5 ...
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