Fed’s ‘Great Unwinding’ Lifts Dollar, Yields And Bank Stocks

Fed’s ‘Great Unwinding’ Lifts Dollar, Yields And Bank Stocks

London: Signals the Federal Reserve will hike U.S. interest rates again this year and begin the ‘Great Unwinding’ of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and...
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Nikkei Probes More Than 2-year Highs As Yen Eases

Nikkei Probes More Than 2-year Highs As Yen Eases

Tokyo: Japan’s Nikkei share average rose on Thursday, boosted by gains on Wall Street and a weaker yen after the Federal Reserve signalled it still expects to raise interest rates one more time this year. The Nikkei was up 0.8...
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India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels. Consumption of fuel, a proxy...
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Trading Calls: Buy L&T Finance, HDFC, Sell Hindalco, Say Experts

Trading Calls: Buy L&T Finance, HDFC, Sell Hindalco, Say Experts

Indian stock markets started Wednesday’s session on a weak note with the BSE benchmark index Sensex falling over 200 points and the broader Nifty index trading below 9,900. Losses in energy, metal, banking, auto, realty, pharma and healthcare stocks &#82...
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Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Mumbai: Weak earnings for the April-June period, wherein Nifty 50 companies reported an 8.4 per cent decline in net income, reflects underlying weakness in the economy and the possibility of yet another sluggish year, according to a report by brokerage...
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Moody’s Downgrades ICICI’s MTN Notes Raised Via Bahrain Branch

Moody’s Downgrades ICICI’s MTN Notes Raised Via Bahrain Branch

  Mumbai: Moody’s has downgraded ratings on forex debt of ICICI Bank raised through its Bahrain branch under the medium term notes programme even as it retained the ratings on the bank’s foreign currency senior unsecured debt. “We’...
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