Gold prices moved down further at the bullion market here on Thursday due to sustained speculative selling amidst poor local buying interest despite firming trend in global markets. Silver also declined in the absence of demand from industrial users. Standard gold (99.5 purity) moved down by Rs 20 per ten grams to finish at Rs [...]

US stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed’s Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. A three-day rally built on strong earnings boosted the index to close Monday above its 200-day moving average, a closely watched measure [...]

Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing. The Dow Jones industrial average fell almost 40 points after the Fed released its regional survey of the economy, a report known as the “beige book.” The Fed said economic growth has [...]

European shares rose on Thursday, boosted by strong company earnings as results from AstraZeneca and Capgemini pleased investors. AstraZeneca gained 4.5 percent following strong second-quarter numbers and winning an endorsement from a US advisory panel for its potential blockbuster heart drug Brilinta. By 0707 GMT, the pan-European FTSEurofirst 300 index of top shares was up [...]

Asian stocks edged back up towards a three-month high and the dollar eased towards three-month lows on Thursday, hit by soft US data that highlighted the patchy nature of the US economic recovery. An unexpected drop in US June durable goods orders and a downbeat Federal Reserve take on the economy were the latest in [...]

Shanghai stocks rose to a two-month high on Thursday as steel companies rallied on expectations that China’s government will maintain its loose monetary policy through the rest of the year. China’s main stock market ended the day up 0.6 per cent at 2648.12 points, after hitting its highest level since May 31 earlier in the [...]

Shanghai’s stock market, the world’s worst performer this year after Greece, has started to rebound after plunging as much as 30 percent this year. With valuations at their lowest in 19 months and as confidence mounts that China can orchestrate a controlled slowdown, analysts say the benchmark index could gain another 13 percent by the [...]

US stocks are climbing after a new batch of upbeat earnings and a modest drop in jobless claims renewed some optimism about the economy. Southwest Airlines, Exxon Mobil and Avon Products all topped forecasts. Strong earnings worldwide is giving European markets a lift as well. A drop in initial jobless claims also boosted hopes for [...]

Leading power and automation technology group ABB today said its open offer to increase stake in its Indian subsidiary from 52.11 per cent to 75 per cent has been successful. During the three-week offer period, which closed today, shareholders of ABB India tendered approximately 23 per cent of the outstanding shares, a press statement said. [...]

As part of its financial restructuring plan to reduce debt burden, Kingfisher Airlines will infuse equity amounting to Rs 350 crore during this financial year. Besides this, the airline, which has unsecured loans and preference capital worth Rs 395 crore from the United Breweries (UB) Group, will convert them into equity during the ongoing fiscal. [...]