• IANS2 hours ago

    Equities rise on DII inflows, lingering effects of Moody's upgrade

    Mumbai, Nov 25 (IANS) Pursuing the optimism on a sovereign ratings upgrade of the Indian government's bonds by US credit rating agency Moody's last week, the key Indian equity indices rode the bulls with ...

  • The Insolvency And Bankruptcy Code Amendments: Everything You Need To Know
    Bloomberg Quint3 hours ago

    The Insolvency And Bankruptcy Code Amendments: Everything You Need To Know

    BloombergQuint’s complete coverage of the changes to the Insolvency and Bankruptcy Code, all at one place.

  • #BQMutualFundShow: Why Mutual Funds Cannot Assure Fixed Returns
    Bloomberg Quint8 hours ago

    #BQMutualFundShow: Why Mutual Funds Cannot Assure Fixed Returns

    Assured returns, as an asset class, is probably a relic of past.

  • Fear Of Courts Shouldn’t Deter Bad Loan Clean-Up, Says Insolvency Board Chief
    Bloomberg Quint8 hours ago

    Fear Of Courts Shouldn’t Deter Bad Loan Clean-Up, Says Insolvency Board Chief

    Sahoo is confident that the latest amendments to the IBC will withstand challenges in courts.

  • U.S. shoppers browse stores, buy online as Black Friday deals beckon
    Reuters12 hours ago

    U.S. shoppers browse stores, buy online as Black Friday deals beckon

    CHICAGO/NEW YORK (Reuters) - U.S. stores offered deep discounts, entertainment and free gifts to lure bargain hunters on Black Friday, the traditional start of the holiday retail season, but some shoppers said they were just browsing the merchandise, reserving their cash for internet purchases. On Thanksgiving

  • Reuters12 hours ago

    U.S. regulator preparing to sue Santander bank over auto loans - sources

    A leading U.S. consumer watchdog is preparing to sue Santander bank [SOVBAN.UL] alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday. The action by the Consumer Financial Protection Bureau (CFPB) could come as early as Monday, said the

  • Tech leads S&P above 2,600; Amazon, other retail stocks gain
    Reuters14 hours ago

    Tech leads S&P above 2,600; Amazon, other retail stocks gain

    The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to Sept. 1. The stock market had a half session on what is known as Black Friday, the day after the Thanksgiving

  • Reuters15 hours ago

    Macy's suffers credit card processing slowdown on Black Friday

    Department store operator Macy's Inc (M.N) said that processing of payments with some credit and gift cards was taking longer than usual in its stores on Black Friday, the traditional start of the key holiday shopping season. Customers took to Twitter on Friday to complain about credit card machines

  • Gold dips on profit taking; analysts predict a rebound
    Reuters16 hours ago

    Gold dips on profit taking; analysts predict a rebound

    Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week. Spot gold (XAU=) was down 0.1 percent at $1,289.81 per ounce by 1455 GMT, with the price down 0.3 percent for the week. U.S. gold futures (GCcv1

  • Reuters16 hours ago

    Holiday cheer boosts Amazon, Macy's and other retail stocks

    Shares of Amazon.com Inc (AMZN.O), Macy's Inc (M.N), Kohl's Corp (KSS.N) and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years. Although there were few signs of the frenzy that had been a hallmark

  • Reuters17 hours ago

    Brands pull YouTube ads over images of children

    Cadbury chocolates maker Mondelez, Lidl, Mars and other consumer goods marketers have pulled advertising from YouTube after The Times newspaper found the video sharing-site was showing clips of scantily clad children alongside the ads of major brands. Comments from hundreds of paedophiles were posted

  • Reuters17 hours ago

    Europe's retailers tempt shoppers with Black Friday deals

    Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the U.S. looked set to outdo last year. After last month suffering their biggest decline in sales volumes for four-and-a-half years, British

  • JP Morgan, eyeing Brexit, rents more space in Frankfurt - source
    Reuters18 hours ago

    JP Morgan, eyeing Brexit, rents more space in Frankfurt - source

    JP Morgan has become the latest big bank to respond to Britain's looming exit from the European Union by renting extra office space in the German financial capital Frankfurt to accommodate more staff. The news comes days after CEO Jamie Dimon held face-to-face talks with Prime Minister Theresa May

  • Reuters18 hours ago

    EU banks have cut exposure to Britain since Brexit vote

    Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union's banking watchdog said on Friday. The European Banking Authority (EBA) said banks in the EU's 27 member

  • Reuters19 hours ago

    A BP North Sea field to test U.S. policy on Iran

    A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fields in the ageing offshore basin, including the Rhum field which is co-owned by a subsidiary of Iran'

  • World stocks set for first weekly gain in three, euro edges up
    Reuters19 hours ago

    World stocks set for first weekly gain in three, euro edges up

    The MSCI World Index, which tracks shares in 47 countries, rose 0.1 percent and is set for gains of more than 1 percent this week. Its climb was underpinned by gains in Europe and Asia. Along with surveys this week that showed Europe's services and manufacturing industries outshining the most optimistic

  • Reuters19 hours ago

    Global gas oversupply could trigger price 'crisis' - Russia energy minister

    Global gas supplies currently exceed demand, a situation that could lead to a "crisis" drop in prices similar to that which occurred in the crude oil market, Russian energy minister Alexander ...

  • Reuters19 hours ago

    New Nissan engine bids to extend life for internal combustion

    Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They're not dead yet. Shinichi Kiga, head of Nissan’s gasoline engine project group, told Reuters the Japanese automaker is resolved to keep

  • Sun Pharma Recalls Diabetes Drug Due To Contamination
    Bloomberg Quint19 hours ago

    Sun Pharma Recalls Diabetes Drug Due To Contamination

    Sun Pharma says the Riomet drug was being made by a contract manufacturer.

  • Reuters19 hours ago

    Russia ready to support oil output deal as OPEC meeting looms

    Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, although it has yet to say how long it should be for. Russian Energy Minister Alexander Novak said that Russia would discuss the details

  • Reuters19 hours ago

    Regulators edge closer to deal on global bank capital rules

    The oversight body for global banking regulators said on Friday it will hold a news conference on Dec. 7, in the clearest sign yet that a deal on completing post-financial crisis capital rules is finally on the cards. The oversight body, known as the Group of Governors and Heads of Supervision (GHOS

  • Reuters19 hours ago

    Global Economy: Businesses look bullish about the road ahead

    Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world's biggest economies. Preliminary readings of plans being made by purchasing managers -- the executives who buy

  • Reuters20 hours ago

    Chinese, Indian, Iranian firms eye $10 billion refinery in Brazil

    Chinese, Indian and Iranian firms are discussing a partnership to invest between $7 billion and $10 billion to build a new oil refinery in the state of Maranhão in northeastern Brazil, a government official ...

  • Niti Aayog Chief Finds It Hard To Fathom Why S&P Didn’t Do A Moody’s Rerun
    Bloomberg Quint20 hours ago

    Niti Aayog Chief Finds It Hard To Fathom Why S&P Didn’t Do A Moody’s Rerun

    NITI Aayog vice-chairman Rajiv Kumar says S&P’s rating has an “incomprehensible bias”.

  • Reuters20 hours ago

    Hoegh LNG pulls out of Pakistan LNG import project

    Shipping company Hoegh LNG on Friday cancelled a deal to provide a floating import terminal for a liquefied natural gas (LNG) project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan. This month Hoegh LNG announced the consortium behind the project, including