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British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union. Britain's Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) are ...
US consumer sentiment fell in July as Brexit weighed down upper income households' expectation for economic growth. The final reading of the consumer sentiment for July fell to 90 from 93.5 in June, said the Thomson Reuters/University of Michigan index of consumer sentiment on Friday, Xinhua news agency reported. "The Sentiment Index was still below last month's level mainly due to increased concerns ...
Gold hit a near three-week high on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. The U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than economists' estimates of 2.6 percent growth. Spot gold, down initially, reached its highest since July ...
Gold steadied on Friday, as investors assessed the impact of a modest Bank of Japan stimulus, and was on track for a second monthly gain in a row, while the dollar retreated. The Bank of Japan expanded monetary stimulus on Friday through a modest increase in purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate ...
-Newsvoir): A raid was conducted on the premises of New Delhi based A.N. Polymers Private Limited, a RO cabinet manufacturer, on the orders of the Delhi High Court recently.Counterfeit and spurious RO purifiers in huge quantities were seized. These were being unlawfully manufactured sold under the identical brand name 'Kent' and which also infringed the registered design of Kent RO Systems.The cabinet ...
(Adds background, additional detail.) KARACHI, Pakistan, July 30 (Reuters) - Pakistan's central bank kept its key policy rate unchanged at 5.75 percent on Saturday, citing steady remittances and low oil prices. State Bank of Pakistan Governor Ashrah Mahmood Wathra also told a news conference that foreign direct investment is projected to increase as work on projects under the $46 billion China ...
The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that the expanded Panama Canal is allowing U.S. exports to reach the world's top LNG buyers in Asia. Royal Dutch Shell's Maran Gas Apollonia loaded up with gas at Cheniere Energy Inc's Sabine Pass LNG export plant in Louisiana, the map showed. ...
The Delhi High Court on Friday directed SpiceJet to deposit Rs 580 crores in Share Purchase Agreement dispute. The amount has to be deposited with the court in five installments over a period of five months. The High Court's order comes on a plea filed by Kalanithi Maran and his Kal Airways Pvt. Ltd against SpiceJet regarding a share-transfer dispute. The transfer relates to a dispute arising out ...

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 ...
(Adds background, additional detail.) KARACHI, Pakistan, July 30 (Reuters) - Pakistan's central bank kept its key policy rate unchanged at 5.75 percent on Saturday, citing steady remittances and low oil prices. State Bank of Pakistan Governor Ashrah Mahmood Wathra also told a news conference that foreign direct investment is projected to increase as work on projects under the $46 billion China ...
By Paola Arosio and Stefano Bernabei MILAN/SIENA (Reuters) - Italian lender Monte dei Paschi di Siena unveiled a plan on Friday to prevent its centuries-old business from being wound up by regulators, a privately funded overhaul that Rome hopes will help stabilise the country's entire banking sector. Italy's third-largest bank, and the world's oldest, announced the plan moments before European ...
HONG KONG, July 30 (Reuters) - Fosun Group said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America. Fosun did not disclose the value of the deal, but said in a statement that it expects to take advantage of the "exceptional period of change and economic renewal" taking place not only in Brazil but also ...
(Reuters) - U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday. Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar ...
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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