Sensex down 140 points; Metal stocks among notable losers
With several front line stocks drifting lower on selling pressure, the market has slipped a bit deeper into the red around noon.The mood is quite cautious amid mixed global cues. Activity is mostly stock specific. Investors are looking ahead to some key economic data from across the globe. Also, the markets are keenly awaiting the […]
Europe stocks inch up, dollar rises before jobs data
By Nigel Stephenson LONDON (Reuters) – European shares edged up on Wednesday after minor gains in Asia as Chinese import data signalled a recovering economy, while the dollar rose before jobs numbers that could help cement expectations that U.S. interest rates will rise next week. The pan-European STOXX 600 index inched up 0.1 percent, after […]
Sensex, Nifty end lower; state election results, Fed meet eyed
(Reuters) – Indian shares ended lower for a second consecutive session on Wednesday as caution prevailed ahead of state elections results, including that of the crucial state of Uttar Pradesh, and a U.S. Federal Reserve policy meeting next week. The Nifty closed down 0.25 percent at 8,924.30, while the Sensex ended 0.34 percent lower at […]
SE Asia Stocks-Subdued ahead of Fed meeting
By Aparajita Saxena March 8 (Reuters) – Southeast Asian stock markets weresubdued on Wednesday as caution prevailed ahead of the U.S.Federal Reserve’s meeting next week where it is widely expectedto raise interest rates. Investors are awaiting cues on the U.S. economy along withthe government’s payrolls report for February, which is due onFriday, to determine whether […]
Insight – “It's like kumbaya:” Trump's genial private meetings with CEOs jar with public attacks
By Ginger Gibson and David Shepardson WASHINGTON (Reuters) – When the bosses of some of the world’s largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting. Just weeks before, Trump had sent drug stock prices plummeting after accusing the companies […]
VW CEO says not open to merger talks with Fiat Chrysler
GENEVA, Switzerland (Reuters) – German carmaker Volkswagen is not open to merger talks with Italian rival Fiat Chrysler, Chief Executive Matthias Mueller said on Wednesday, rebuffing an overture from FCA CEO Sergio Marchionne. “We are not ready for talks about anything,” he told Reuters on the fringes of the Geneva auto show. “I haven’t seen […]
PRESS DIGEST – Wall Street Journal – March 8
March 8 (Reuters) – The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy. – Chinese telecommunications giant ZTE Corp hasagreed to pay $892 million in fines and plead guilty toviolating U.S. sanctions on Iran and obstructing justice, endinga five-year probe that has […]
Australia launches suit against Volkswagen's Audi unit
SYDNEY – The Australian consumer watchdog said on Wednesday it was suing the local Audi unit of Volkswagen AG for intentionally selling more than 12,000 vehicles with software which lied about levels of toxic emissions. This follows a separate suit that the watchdog, the Australian Competition and Consumer Commission (ACCC), launched against Volkswagen last September […]
Fiat Chrysler still trying to resolve U.S. diesel emissions issue
By Agnieszka Flak and David Shepardson GENEVA/WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is still trying to win U.S. approval to sell 2017 diesel models as the U.S. government decides whether to take legal action, Chief Executive Sergio Marchionne said on Tuesday. In January, the Environmental Protection Agency and California Air Resources Board (CARB) accused […]
Swami Aseemanand, five others acquitted in 2007 Ajmer Dargah blast case
(Image tweeted by @amjedmbt)Jaipur: A court on Wednesday acquitted RSS leader Swami Aseemanand and five others in the the 2007 Ajmer Dargah blast case while convicting three of the accused.Three persons were killed and at least 15 others injured when a bomb exploded at around 6.15 p.m. on October 11, 2007 inside the premises of […]
