Tag

In the first ever merger of two regulators, the 60-year-old Forward Markets Commission (FMC) will merge on Monday with the younger but much bigger capital markets watchdog Sebi to create a unified regulatory body.

The European and USA markets ended firmly in the red and the Asian bourses figure to open in similar fashion.

“China shares were up for the third day on the trot, a running streak unseen for a month thanks to optimism surrounding President Xi’s state visit to the USA”, said Mike Van Dulken, analysts at Accendo Markets.

US West Texas Intermediate (WTI) crude futures were trading down $1.55, or 3.3 percent, at $45.35 a barrel.

The Dow is down 1,492.60 points, or 8.4 per cent.

“$1.5-trillion of uncommitted spend on new conventional projects and North American unconventional oil is uneconomic at $50 a barrel“, Woodmac added. In July, however, Federal Reserve Chair Janet Yellen said the Fed would raise rates this year if economic conditions...

MSCI Asia Pacific Excluding Japan Index fell 2.1 percent to 399.04 as of 10:38 a.m.in Hong Kong, as commodity producers led declines after raw-material prices tumbled. Oil dropped. Australian bonds gave back Monday’s gains.

The government has forecast growth of around 7 percent but a run of weak data has reinforced market expectations the final outcome will be below 7 percent. The Shanghai Composite Index now rests just above the 3,155-point plateau, and the market may extend its gains on Tuesday.

Meanwhile, investors continued to assess the US Federal Reserve’s decision to leave short-term interest rates unchanged.

With the US Fed’s decision to maintain status quo in monetary policy creating the buzz that the Reserve Bank of India would indeed cut rates later this month, economic affairs secretary Shaktikanta Das on Friday said the Fed’s move was positive for India, adding that...

Mumbai :Under pressure to cut interest rates to lower cost of capital, Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.

Brent crude, the worldwide benchmark, is trading at about US$49 a barrel compared with US$99 a year ago. “This is all post-Fed fallout”, Mr. Flynn said.

BANK OF JAPAN: Japan’s central bank was wrapping up a two-day policy meeting on Tuesday, with most economists expecting it to retain its current, ultra-lax monetary policy. China’s Shanghai Composite Index fell 3.5 percent to 3,005.17. It appreciated 0.7 percent to...

The buck had traded in a narrow range against most of its rivals during the past week as investors waited for the Fed’s decision, even as many expected the central bank to hold off Thursday, said Mark McCormick, global FX strategist based in New York. However, following the...

The lower CPI could lead to the Federal Reserve deciding to not raise interest rates this month.