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Australia warned China against ‘intimidation’ in the South China Sea after a tense standoff with a US destroyer

Australia is warning Beijing not to use “intimidation or ­aggressive tactics” after a Chinese destroyer challenged a US Navy warship during a tense standoff in the South China Sea. The Chinese ship faced off with the US Navy’s Arleigh Burke-class destroyer USS Decatur on Sunday during a close encounter near Gaven Reef in the disputed Spratly Islands. US officials described the showdown as “unsafe,” claiming that the ... Read More »

Week ahead in business and finance

Monday Full-year results MJ Gleeson Trading update Dairy Crest Economics CPI (EZ) Tuesday The focus at Ocado is shifting from bagging overseas contracts to executing them. The FTSE 100 firm’s shares have surged after striking deals to supply its automated warehouses to companies in France, Canada, Sweden and the US. City analysts now expect the flow of deals to slow. ... Read More »

Regional disparities to top 15th Finance Commission’s agenda in Maharashtra

15th Finance Commission chairman N.K. Singh. Photo: HT Mumbai: Sharp regional and sectoral disparities within Maharashtra and the challenges of rapid urbanization will top the 15th Finance Commission’s Mumbai consultations from 17 to 19 September. The Commission, led by chairman N.K. Singh, held its first round of consultations with economists in Pune in August. In Mumbai, the Commission will meet representatives ... Read More »

Stock market update: Check out the stocks that fell in a positive market

UltraTech Cement, GAIL (India), NTPC, Kotak Mahindra Bank and Hindustan Unilever were among the top losers in the Nifty index NEW DELHI: Shares of Balkrishna IndustriesNSE -6.99 %(down 5.87 per cent), ITI (down 3.99 per cent) and Borosil GlassNSE -4.29 % (down 3.69 per cent) were trading with losses in Monday’s positive market. Stocks such as Kirloskar OilNSE -3.86 % (down 3.34 per cent), Ashoka ... Read More »

Wow! African American Small Business Ownership Up 400% in a Year, Survey Reveals

The number of African American small business owners in the United States has increased by a staggering 400% in just a year. This was the finding of a survey from the small business financing company, Guidant Financial. The State of a Small Business survey interviewed more than 2,600 small business owners and entrepreneurs, both male and female. African American Small Business Statistics ... Read More »

Why business expectations are so tepid despite recovery in Indian economy

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A ... Read More »

Home Ministry flags Chinese bank eyeing second branch in India

ICBC and Bank of China had applied for a branch licence with the RBI last year. (Photo: Reuters) At a time when the Centre has cleared the decks for the maiden Bank of China branch in India, the Ministry of Home Affairs is learnt to have raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) ... Read More »

RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August. Accelerating inflation and India retaining top spot as the fastest-growing major economy prompted the RBI ... Read More »

Many stocks in extreme oversold territory

Where are We? During the week, our markets had a good rollercoaster ride, which must have kept the traders on their toes. First half looked very ominous as we saw index sliding below the important psychological level of 10,500. Clearly, it was hard to believe we would reclaim the 10,500 mark immediately on the following day after seeing Wednesday’s massive selloff towards ... Read More »

Stocks in focus on May 28, 2018

NEW DELHI: Domestic shares are likely to open on a flat note on Monday, tracking weak global cues and Nifty futures in Singapore Stock Exchange (SGX). At 08:09 am, the Nifty futures in SGX were trading 12 points or 0.11 per cent higher at 10,651. Here is a list of top stocks that are likely to be in focus in today’s trading ... Read More »