Asian stocks declined on Friday as hotter-than-expected U.S. consumer price inflation data revived fears about further interest rate increases. Mixed Chinese data, lingering concerns about the conflict in the Middle East and caution ahead of earnings from JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. due later in the day also weighed on markets. Gold edged up […]

Commerce secretary Sunil Barthwal is set to attend a two-day meeting from October 23 at the World Trade Organization (WTO) headquarters in Geneva, that would focus on finding solutions and giving the ‘necessary political push’ for at least some crucial global trade issues. Next week’s meeting comes ahead of the WTO’s 13th ministerial conference (MC13), scheduled in Abu Dhabi in […]

Capital goods companies in their Q2FY24 results are expected to report another steady quarter of earnings growth as order inflows and execution remain healthy, according to analysts. An upward revision in order inflow targets and a margin improvement due to lower raw material costs are also anticipated. “We expect the execution of all capital goods companies and most EPC (engineering, […]

Developed by leading global cricket batting experience Sixes Social Cricket, it coincides with the ICC Cricket World Cup, which runs until November 19.   Players face 12 balls against 12 of the most famous deliveries seen in cricket, from the spin of Warne to Herschelle Gibbs in 1999, to the pace of Jofra Archer to Soumya Sarkar in 2019.  With its technology […]

Specialty consumer electronics retailer Best Buy Co., Inc. (BBY) announced Tuesday its latest offerings ahead of the upcoming holiday season. Black Friday Early Access for Members will start on October 27 and Early Black Friday Deals for Everyone will start on October 30. Black Friday Sale officially begins on Friday, November 17, with incredible deals on thousands of gifts and […]

Despite the broadly positive cues from global markets on Friday, Asian stock markets are trading mixed in slim holiday trading on Monday, as traders are cautious amid the geopolitical tensions in the Middle East after Hamas’ surprise violent attack on Israel over the weekend. Asian markets closed mixed on Friday. Concerns about the outlook for interest rates also remain after […]

Cautious optimism marked sentiment ahead of the release of the monthly non-farm payrolls data from the U.S. The latest job market update and the CPI readings due on Thursday are expected to influence market perception on Fed’s likely moves. The FOMC minutes due on Wednesday would also help gauge the Fed’s aggressiveness in combatting inflation. Wall Street Futures are trading […]

European stocks gave up initial gains to turn lower on Thursday as a slew of disappointing regional data rekindled worries about slowing growth. Data from the federal statistics office showed that German exports fell 1.2 percent in August from the previous month, compared with a 0.4 percent decline forecast by analysts and a downward-revised 1.9 percent fall in July. Germany’s […]

Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd’s (RIL’s) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant’s elder siblings — Akash and Isha. In its recommendation note, IiAS said, “At 28 years of age, his […]

‘This segment has performed very well for us and this is reflected in our bounce rate which is about three to four per cent.’ Shriram Housing Finance crossed Rs 10,000 crore in assets under management in July this year. The housing finance company plans to get to a book size of Rs 25,000-28,000 crore in three years from now. Ravi […]