US STOCKS-Wall St set to open lower on geopolitics, Trump's comments
* GM falls after sale of Opel and Vauxhall ops * Netflix rises after brokerage upgrade * Futures down: Dow 44 pts, S&P 7.25 pts, Nasdaq 14.25 pts (Adds details, comments, updates prices) By Yashaswini Swamynathan March 6 (Reuters) – U.S. stocks looked set to open lower onMonday as rising geopolitical tensions in Asia and […]
Wall Street set to open lower on geopolitics, Trump's comments
By Yashaswini Swamynathan REUTERS – U.S. stocks looked set to open lower on Monday as rising geopolitical tensions in Asia and President Donald Trump’s accusation that his predecessor Barack Obama wiretapped him weighed on investors’ risk appetite. Some investors worried that the latest development could distract Trump from his economic agenda of introducing tax cuts […]
Sensex, Nifty come off higher levels; RIL holds near 9-year high
With a few front line stocks paring some gains on profit taking, the key indices Sensex and the Nifty50 are off the day’s high this afternoon. Still, with some blue chips, including Reliance Industries trading firm on fairly strong buying, they remain well placed in positive territory.The Sensex is up by about 143 points or […]
Standard Life, Aberdeen eye deep cost cuts in 11 bln stg deal
By Simon Jessop and Carolyn Cohn LONDON (Reuters) – Standard Life has reached agreement to buy Aberdeen Asset Management in an 11 billion-pound ($13.5 billion) merger that should save 200 million pounds a year in costs, pushing rivals to follow suit as fund managers’ margins sag. The all-share deal, creating Britain’s biggest money manager and […]
Demonetisation improved India's economic landscape: Jayant Sinha
New Delhi – Minister of State for Civil Aviation Jayant Sinha on Monday said the government’s demonetisation decision has led to a dramatic improvement in India’s economic landscape.Sinha said this at the fifth annual conclave of the Indian Private Equity and Venture Capital Association (IVCA) here.”It (demonetisation) has led to a dramatic improvement in our […]
Rs 14 lakh in demonetised currency seized in Gurugram
Gurugram – Banned currency notes of Rs 1,000 and Rs 500 of the face value of Rs 14,36,000 were seized by the police here, officials said.Acting on a tip-off, the Crime Branch unit of Bilaspur seized the demonetised Indian currency from a car on Delhi-Mumbai National Highway, after creating a check post under the KMP […]
From politics to policy – bond markets count down to ECB
By Dhara Ranasinghe LONDON (Reuters) – Most euro zone government bond yields edged down on Monday, as a perception that the ECB will this week resist calls to start unwinding its ultra-loose monetary policy brought some comfort to markets that are bracing for an imminent U.S. rate hike. The European Central Bank meets on Thursday […]
Tata Motors unveils TIAGO AMT at Rs. 5.73 lakh
After the overwhelming success of TIAGO in the passenger vehicle market, Tata Motors has quickly come back with a new variant of the Tata Tiago, to offer its customers a pleasurable drive experience.The company announced the launch of the TIAGO Easy-Shift AMT. Priced at Rs. 5.73 lakhs, ex-showroom Mumbai and Rs. 5.39 lakhs, ex-showroom Delhi, […]
PSA targets Opel turnaround as GM exits Europe
PARIS/FRANKFURT – France’s PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car giant to challenge market leader Volkswagen . The maker of Peugeot and Citroen cars vowed to return Opel and its British Vauxhall brand to profit, […]
Britain's May told GM CEO she wants to see Vauxhall jobs protected
LONDON (Reuters) – Prime Minister Theresa May told the chief executive of General Motors, Mary Barra, that she wanted to see jobs at two Vauxhall car plants in Britain secured for the long term during a phone call on Sunday, May’s office said in a statement. On Monday France’s PSA Group agreed to buy Opel, […]
