Investing News - Page 11

Asian stocks fall as investors assess US jobs, monetary policy

The dollar hovered around three-week highs against a basket of major currencies on Monday, but slipped against the yen to 82.15 yen, after touching a near 11-month high of 82.64 yen on Friday. The euro eased 0.2 percent to $1.3094, after hitting a four-week low of $1.3085.

Gold gains Rs 90, silver Rs 230 on bullish global cues

Gold prices advanced moderately at the domestic bullion market today on good stockists as well as local buying interest on the back of bullish overseas trend.

Gold near $1,700 on Greek debt restructuring

Greece secured an overwhelming acceptance of a bond swap offer to private creditors and beat its own most optimistic forecasts, a senior official said on Thursday after the deadline expired on a deal needed to avoid a chaotic debt default.

Rupee rebounds on foreign fund inflows, gains 34 paise

Dealers said besides increased foreign funds inflows, euro's gains against the US currency in the overseas market supported the rupee.

UP-exposed Jaiprakash, Reliance stocks end with gains

Jaiprakash group companies saw renewed buying interest after falling in the last two trading sessions, while Reliance Power and Reliance Infrastructure, rallied by up to 6 percent.

After ONGC, NBCC IPO likely in March

The government plans to sell a 10 percent stake in NBCC, which is a consultant for civil construction and real estate projects.

Gold off 6-week low on fears of Greek default

Athens turned up the heat on its creditors as it sought to secure a bond swap that will cut its mountainous debt, while the main bondholders group warned a disorderly default would cause more than a trillion euros of damage to the euro zone.

Gold loses Rs 50,silver Rs 700 as demand drops

Traders said sluggish demand at prevailing higher levels as the current wedding season comes to a close, and a weakening global trend led to the fall in precious metals' prices.

Post ONGC auction, govt's stake down to 69 percent

The government sold 42.04 crore shares in ONGC and garnered Rs 12,766 crore, ONGC said in a filing on the BSE

Rupee seen subdued before election results

The results expected by noon would give clues on the Congress-led coalition's ability to revive stalled reforms, a key driver that would influence local stocks and the rupee, traders said.

Oil slip to $123 as Iran boosts output, China cuts growth target

Sanctions against Iran, the world's fifth largest oil exporter, have made oil trading more difficult and the country's biggest customers including China, Japan and India are reducing imports from Tehran, supporting prices.

Gold holds ground at $1,710; dollar strength weighs

Spot gold lost nearly 4 percent last week, after US Federal Reserve Chairman Ben Bernanke disappointed the market by omitting any reference to further monetary easing in a congressional testimony.

Rupee slips to 3-week low on oil buys

The government failed to sell all of the shares in its $2.5 billion auction of a 5 percent stake in Oil and Natural Gas Corp on Thursday, indicating a faltering start to revive asset sales.

A 17% surge? Guess today's star performer

As per reports, the Aadhaar number repository and its IT infrastructure will be run by HCL Infosystems.

Buyers return to market as gold edges higher

US Federal Reserve Chairman Ben Bernanke's lack of a reference to further quantitative easing sparked a heavy sell-off in bullion, sending the metal to a one-month low short of $1,700.

Gold crashes to near 6-mth low; down by Rs 920 on global cues

On the domestic front, the gold of 99.9 and 99.5 percent purity tumbled by Rs 920 each to Rs 28,140 and Rs 28,000 per 10 grams, respectively. Sovereigns followed suit and declined by Rs 50 to Rs 23,500 per piece of eight grams.

L&T extends loss after missing out NTPC order

The company, along with Japan's Mitsubishi Heavy Industries, emerged as the third lowest bidder for the order.

Goldman bets on Sobha, expects jump in cashflows

The realtor has launched 11 million square feet of residential projects in the last six quarters

Rupee off highs on oil import payments

Traders said volume was slightly lower as millions of workers, including from state-run banks, across India began an on-day strike to express their anger at soaring prices and to back demands for improved rights for employees.

Japan hedge funds fear being shunned over AIJ scandal

Hedge fund industry sources said they feared the scandal could drive Japan's pension funds away from hedge fund investments, dealing a blow especially to independent and small-scale funds.

Wall St retreats from 4-year peaks; dollar rises

US stocks retreated from four-year highs on Monday, joining lower European markets, on fresh worries about eurozone finances.

Essar Energy posts 10 percent loss, misses forecasts

The company posted full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of $624.8 million.

Gold traders cautious to venture into new deals in India

A stronger rupee weighed on prices in the local market. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.

Asian shares inch up but growth worries lurk

MSCI's broadest index of Asia Pacific shares outside Japan was up 0.4 percent, with the growth-sensitive technology sector among best performers. The broad pan-Asia index was set to end the week nearly flat.

Japan fund manager may have lost some of $2.5 billion in assets - regulator

Financial Services Minister Shozaburo Jimi said on Friday that the regulator suspected that Tokyo-based AIJ Investment Advisors may have lost client assets, and ordered it to suspend operations for a month from Friday.

Google to carry real-time data from EU stock markets

Google says it's now carrying real-time quotes from major stock exchanges in Britain, Italy and Germany.

The brain chemical that separates risk-takers from the risk-averse

The experiment showed that a neurotransmitter, or chemical messenger, called norepinephrine, or noradrenaline, is central to the response to losing money.

Profit-booking may drag stock markets this week

Analysts also said the technical indicators show the benchmark index could be ripe for a correction as it is deep in overbought territory

Europe shares, euro gain on China easing, Greek hopes

European shares hit seven-month highs and the euro rose on Monday, underpinned by a surprise stimulus move in China and signs Greece would secure a long-awaited bailout deaL