Tag Archives: After

Xi can make life difficult for US companies like Apple, Walmart after Trump’s threat

China doesn’t import enough from the US to be able to match Donald Trump’s tariff threats dollar for dollar. Instead, President Xi Jinping can have American companies doing business there squeezed in a multitude of other ways. With companies from Apple Inc to Walmart Inc and General Motors Co. all operating in China and looking to expand, that gives Xi ... Read More »

Markets Update: Digital Currency Market Bulls Push Back After Decline

Cryptocurrency prices are making some headway today after suffering from a bearish onslaught last week. Since our last markets update the digital asset economy has gained $26 billion over the last five days. The price of bitcoin cash (BCH) touched a high of $1,160 earlier today but now hovers around $1,140 per BCH. Bitcoin core (BTC) values reached $7,790 per ... Read More »

After Tencent and Ctrip, Bank of East Asia eyes more partners for virtual banking

Bank of East Asia, which has teamed up with internet giant Tencent Holdings and online travel provider Ctrip, is seeking more tech partners to develop its virtual banking services, according to deputy chief executive Adrian Li Man-kiu. Hong Kong Monetary Authority, the city’s central bank, which is aggressively pushing the local banking sector to develop fintech, plans to issue its ... Read More »

Market Live: Sensex, Nifty trade higher after budget speech, PSU bank, pharma stocks fall

BSE Sensex and NSE Nifty trade higher on Thursday. Photo: Mint Mumbai: Benchmark indices traded marginally higher on Thursday after finance minister Arun Jaitley announced a long-term capital gains tax for investing in equities. BSE Sensex sank 300 points, while the Nifty 50 slipped below 11,000. Bonds were range-bound, with the rupee weakening against US dollar. Also, Jaitley in his last ... Read More »

With just Rs 2,410 in bank account, country’s poorest CM Manik Sarkar turns even poorer after 4 terms

Tripura Chief Minister Manik Sarkar Tripura Chief Minister Manik Sarkar continues to remain the poorest serving chief minister in the country with a paltry sum of Rs 1520 cash in hand. On Monday, the veteran communist leader made his personal financial details public while filing nomination papers from the Dhanpur constituency for the upcoming assembly polls in the state. As ... Read More »

Sensex slips after hitting record highs but over 50 stocks hit a lifetime high on BSE

The S&P BSE Sensex, which started with a small gap on the upside, was enough to take out its previous landmark high of 33,865.95 on 7th November to hit a fresh record high of 33,956.31 on Wednesday. The bulls failed to keep the momentum going beyond the opening tick and the index quickly pared gains and slipped in red in ... Read More »

Bombay Dyeing, FACT among over 100 stocks that rallied up to 15% after BSE ups circuit limit

Ansal Properties, Bombay Dyeing, Deccan Gold Mines, Liberty Shoes, Kamat Hotel, Aditya Birla Money, Soril Infra and FACTamong over 100 stocks that rallied up to 15 percent on Wednesday after the BSE increased circuit limit from 5 percent to 10 percent and from 10 percent to 20 percent. However, 63 Moons was the only major loser amongst them, losing 15 percent despite circuit limit revised from 5 percent to 20 ... Read More »

U.S. gun lobby agrees to target ‘bump stocks’ after Las Vegas massacre

The Mandalay Bay Hotel and Casino, that Stephen Paddock fired from, is seen in the evening in Las Vegas, Nevada.   | Photo Credit: AFP The carnage on Sunday night across the street from the Mandalay Bay hotel ranked as the bloodiest mass shooting in modern U.S. history. The United States gun lobby, which has seldom embraced new firearms control measures, voiced its ... Read More »

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

Govt to initiate PSU bank consolidation process after Q1 numbers

The government in February had approved the merger of these five associate banks with SBI. Photo: Hemant Mishra/Mint New Delhi: The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current fiscal have been announced, a senior official has said. There are various things including financial performance which ... Read More »