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Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation
Business

Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation

Aramco shares began trading half an hour after the market open as the Saudi bourse allowed extra time for the “opening auction” period when investors place their bids, in anticipation of high levels of activity.

Asian stocks follow Europe down as fears grow over global economy, US-China trade tensions
Business

Asian stocks follow Europe down as fears grow over global economy, US-China trade tensions

Speculation is growing that the People's Bank of China will again cut the level of cash that banks must hold in reserve, in a fresh bid to lower financing costs and blunt the economic impact of the trade dispute with the US

Vodafone's new CEO Nick Read says time to focus on 'organic plan', digital transformation, customer experience
Business

Vodafone's new CEO Nick Read says time to focus on 'organic plan', digital transformation, customer experience

Nick Read will take charge of a group that, under Colao, pulled back from its once brazen expansionist drive, most notably when it sold out of the United States with a $130 billion exit from a joint venture with Verizon.

Dow plummets 425 points as interest rate surge and oil price rise dampen Q1 results
Business

Dow plummets 425 points as interest rate surge and oil price rise dampen Q1 results

The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits.

Market paces up, Sensex climbs nearly 1% amid F&O expiry
Business

Market paces up, Sensex climbs nearly 1% amid F&O expiry

The rupee's improving fortunes against the dollar buoyed mood too.

World stocks reverse their upward bias as oil rally fizzles
Business

World stocks reverse their upward bias as oil rally fizzles

The renewed aversion to risky assets pushed the Japanese yen to 2 1/2-year high against the euro

World markets headed for second week of gains as ECB signals QE expansion
International

World markets headed for second week of gains as ECB signals QE expansion

World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan's finance minister warned its recent weakening had been "too rapid".<br />

India No 1 investment destination among BRICS for British cos
Business

India No 1 investment destination among BRICS for British cos

Examples of deals include BP's tie-up with Reliance Industries, which was worth USD 7.2 billion. More recently, with India opening up its retail sector for foreign direct investment (FDI), Tesco has agreed a deal with Tata to launch a chain in the country.

Global stocks make sizable gains in bumper 2013
Investing

Global stocks make sizable gains in bumper 2013

Global stocks are closing out 2013 sitting on sizable gains courtesy of super-easy monetary policies and an improving economic outlook, though some emerging markets have less to crow about as funds return to rich-world assets.

2011 may be bad, but not all is lost for world stocks
Investing

2011 may be bad, but not all is lost for world stocks

World stock markets will only recover by next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll.