Markets News

The guideposts the U.S. central bank provided this week on what could drive an eventual move away from its extraordinarily easy monetary policy bolster the case for interest rates to stay low for a long time.

Five years after retiring from Japan Airlines Corp, former pilot Tsutomu Watanabe is fighting to protect the pension he was promised but that the airline can no longer afford to pay.

Oil prices rose slightly on Friday, supported by positive U.S. economic data, but wariness ahead of monthly jobs data from the United States limited gains and kept prices below the psychologically key $80 level.

Iron ore exports in September were 6.25 million tonnes, up 88 percent from a year earlier, the Federation of Indian Mineral Industries (FIMI) said on Friday.

MUMBAI (Reuters) The BSE Sensex rose more than 1 percent on Friday morning, with banks leading the gains as markets around Asia rose on expectations that U.S. jobs data would reinforce signs of economic recovery.

Unexpectedly strong earnings at listed Chinese companies have spurred analysts to raise their profit forecasts, creating room for about a 15 percent rise in Shanghai's benchmark stock index over the next three months.

This may come as a surprise, but India is miles ahead of its massive neighbour China in, of all the things, prosperity!

The proposed public issue of Coal India Limited (CIL) has reached the regulatory corridors, with the Securities and Exchange Board of India (SEBI) suggesting that the allotment of shares and stock options to employees of CIL can be done prior to the proposed public issue.

The UK-based Hardy Oil and Gas Plc ? the 10 per cent joint venture partner of Reliance Industries Ltd (RIL) in the D9 exploration block in the Krishna Godavari basin ?on Friday informed the London Stock Exchange (LSE) that the first exploration well in the block will have to be abandoned after encountering ?poor reservoir sands?.

The high-profile outside hire plays well in the media and gives shares a boost, but the effect is fleeting.

The Indian equity markets followed the global escalation, with the benchmark Bombay Stock Exchange Sensex rising 204 points or 1.2 per cent to close at a new 17-month high of 17,231.

Double-digit growth in index of industrial production (IIP) after 22 months brought cheer to the market as the Sensex at Bombay Stock Exchange (BSE) rose by 2.3 per cent to close at 17,026.

New Delhi, Sept. 30 -- Market players seem unanimous on the fact that Sensex at 17,000 has crossed its fundamentals and suggest that a correction lies ahead.

New Delhi, Sept. 30 -- The two rallies when the BSE Sensex rose from 8,000 to 17,000 have three common elements - both occurred in the month of September, were set afire by liquidity and were driven by real estate firms.

Paris, Sep 24 (DPA) Internet search engine giant Google went on trial in Paris Thursday on charges of copyright infringement and forgery in its attempt to digitise millions of the world's books without prior authorisation.

New Delhi, Sept. 23 -- Boosted by the confidence shown by foreign institutional investors (FIIs), the once beaten-down real estate sector has witnessed a resurgence at the stock market even as concerns on their ability to deliver and the quality of their books of accounts linger in the air.

Encouraged by revival trends in the global economy and an infusion of cash, the 50-share Nifty of the National Stock Exchange kissed the 5,000-mark on Thursday ? the first time after a 16-month-long nerve-wracking downturn in the markets.

U.S. wealth, measured in assets under management, has fallen farther than its transatlantic cousin's.

Fears of inflation pushed gold prices to a new high on Tuesday, suggesting a dampen-ed demand this festive season.

Indian stocks closed at a 15-month high on Monday as global markets firmed on positive US jobs data last week that boosted hopes of economic recovery. A late monsoon surge added to sentiments of investors worrying about the economic impact of a worsening drought, although the downpour over the past week, experts say, isn?t much help to farmers.