GLOBAL MARKETS

  • Gold dips below Rs 28,000level on weak global cues September 3, 2014

    New Delhi: Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000level by falling Rs 70 to hit over twomonth low of Rs 27,950 per 10 grams in the national capital on Wednesday on sustained selling by stockists amid a weakening global trend. Silver also...
  • India's central bank governor warns of global market 'crash' August 7, 2014

    Mumbai: India's central bank governor Raghuram Rajan says global markets are at risk of a "crash" should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal, reiterate Rajan's previous warnings that emerging markets were...
  • Sharad Pawar not in favour of onion export ban July 24, 2013

    New Delhi: Amid rising onion prices hurting consumers, Agriculture Minister Sharad Pawar on Wednesday said that he is not in favour of a ban on onion exports, saying that such a move will hit India's image as a global supplier of farm produce. The Minister said that the rise in onion...
  • China's foreign debt rises to $765 bn June 29, 2013

    Beijing: China's outstanding foreign debt hit $764.97 billion by the end of March, up from about $737 billion at the end of 2012, the country's forex regulator said on Friday. The country's outstanding long and mediumterm foreign debt stood at about $199 billion, up from about $197.06 billion at the end...
  • Technology great enabler of tourism businesses: Chandy June 8, 2013

    Thiruvananthapuram: Chief Minister Oommen Chandy said on Friday the digital technology has opened up vast global markets for startup businesses in the travel and tourism sector, and that young entrepreneurs need to take advantage of it. "A small homebased business in Kerala can now market itself like big hotel chains to...
  • Sensex, Nifty end at 2013 lows February 15, 2013

    Mumbai: Key equity benchmarks ended trade in the red however off the day's low. The BSE Sensex closed down 61.97 points at 19435.21 after touching an intraday low of 19,381.82. The NSE 50share Nifty ended trade flat at 5887.40, down 0.16 per cent. Both the indices are at their 2013...
  • Asian shares rally, dollar remains weak September 14, 2012

    Asian shares rose to a fourmonth high on Friday while the dollar remained weak against other major currencies after the US Federal Reserve announced an aggressive new stimulus to drive job creation in the US economy. ...
  • Asian shares rally, dollar remains weak September 14, 2012

    Tokyo: All eyes will be on the markets on Friday after the Sensex hit a sixmonth high at 18,000 on global cues on Thursday. Asian shares rose to a fourmonth high on Friday while the dollar remained weak against other major currencies after the US Federal Reserve announced an aggressive new...
  • Sensex closes in green ahead of F&O expiry June 27, 2012

    Mumbai: The 50share NSE Nifty remained in a consolidation phase for the second consecutive session on Wednesday, especially ahead of F&O expiry on Thursday. European markets too were marginally higher amid volatility as investors seem cautious ahead of major event European Union summit scheduled for June 2829 in Brussels. The...
  • Greece batters global markets, euro sinks to 4month low May 17, 2012

    The euro plunged to a 4month low after Greece failed to form a coalition government and a fresh round of elections is in the offing. ...
  • US stocks surge on European debt deal October 27, 2011

    New York: Stocks are surging in early trading after European leaders agreed on a deal to slash Greece's debt. The US economy grew between July and September at its fastest rate in a year, and Dow Chemical Co became the latest big company to report stronger earnings. Global markets soared on Thursday...
  • Market mayhem: Don't panic, say experts August 6, 2011

    Mumbai: The mayhem in global markets sent the Indian market crashing but a late recovery helped the Nifty defend the 5,200 mark. The global markets haven't seen falls like this since the height of the financial crisis back in 200809. Broadbased selling across asset classes wreaked havoc on the sentiment...
  • Gold prices hit record high on global cues August 5, 2011

    Mumbai: India gold futures extended gains for a fourth session on Friday to hit a new peak following a rally in overseas markets and a weaker rupee, which traded at its lowest level in five weeks, pushing physical traders to the sidelines ahead of a slew of festivals starting later...
  • 'Indian consumers still most bullish globally' July 18, 2011

    London: Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic outlook, a deepening euro zone debt crisis and rising inflation made people more cautious, a survey showed on Sunday. Consumer sentiment in the United States was weaker than...
  • Inflationary pressures to continue: Pranab May 21, 2011

    Mumbai: The country will continue to face inflationary pressures due to the high global commodity and oil prices, Finance Minister Pranab Mukherjee said on Saturday. "We are told that there could be pressure on commodity prices because of shortage in production of certain essential food items," Mukherjee told reporters on the...
  • The year the world markets crashed and crashed December 31, 2008

    Hong Kong: Asian shares rounded out their worst year ever on Wednesday, down 50 percent after 12 months of financial market and economic turmoil, but optimism that 2009 will be an improvement lifted stocks for a third straight session. Government bond yields held near their lowest in decades, oil prices dipped...
  • PM justifies fuel price hike, says subsidies must end June 2, 2008

    New Delhi: In a clear indication of an imminent fuel price hike, Prime Minister Manmohan Singh on Monday said consumers cannot be fully insulated from the impact of rising international oil prices, even though a consensus eludes the Government on the issue. With the surge in global oil prices leaving a...
  • Global markets rally as US cuts interest rates March 19, 2008

    New Delhi: Stock markets across the world have rallied to a major interest rate cut by the US Federal Reserve. On Tuesday, the Federal Reserve lowered its key federal rates rates by 75 basis points (or 0.75 per cent), slightly lesser than what was expected but significant, nonetheless. This was the...
  • Service apartment sector expanding horizon October 25, 2007

    New Delhi: The emerging serviced apartments sector is lapping up the business that hotels aren't able to cater to and they are doing so in style. It's meant to have the comforts of home with all the services of a hotel. Serviced apartments are fast emerging as the economical alternative...
  • Indian rockets in global launch market April 30, 2007

    Bangalore; India is now in the multibillion dollar global launch market after the successful launch of an Italian satellite that was put into polar orbit by an Indian rocket earlier this month. India is the fifth after the US, Russia, Ukraine and the European Space Agency (ESA) to have the capability...
  • Mkts go in tailspin after global crash March 14, 2007

    Mumbai: Dalal Street went into a tailspin after global markets crashed on Wednesday morning and is showing no signs of recovery. Sensex and Nifty are trading deep in red with not a single stock in green. Equity markets across globe cracked due to concerns over rise in default customers in...
  • POSCO wants to buy Asian steel maker September 19, 2006

    Seoul: POSCO Co Ltd, the world's fifthlargest steel maker, is looking to buy an Asian steel maker as it fights for survival in the global market after the megamerger of Mittal Steel and Arcelor. The formation of Arcelor Mittal, a giant capable of producing more than 100 million tonnes of...