Tag Archives: 19

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange. Major banks took notice, with ... Read More »

MORGAN STANLEY: These 19 stocks could get cut in half – or worse

Morgan Stanley has released the stocks its analysts think could lose more than half their value in the next 12-18 months. These “secularly challenged stocks,” as the bank calls its Wednesday report, are quite diverse, but a major portion of the list are retail chains. The industries Morgan Stanley analysts are most bearish on span from mall-based clothing stores like ... Read More »

Bajaj Holdings Q2 Consolidated Profit Rises 19% To Rs. 834 Crore

New Delhi: Bajaj Holdings and Investment Ltd (BHIL) Tuesday reported a 19 per cent rise in its consolidated profit after tax (PAT) at Rs. 834 crore for the September quarter of the current fiscal. The company’s PAT in the corresponding July-September period of 2016-17 was Rs. 698 crore. “Due to all round performance of BHIL (standalone) and underlying companies, BHIL’s ... Read More »

Monte dei Paschi to launch share issue December 19

Troubled Italian bank Monte dei Paschi di Siena (BMPS.MI) will offer new shares for sale between Monday and Thursday in a last ditch attempt to raise 5 billion euros ($5.2 billion) by the end of the year and avoid a state bailout. The European Central Bank has told Italy’s third-largest bank to raise capital this year and offload 28 billion ... Read More »