Page 2355 - Business Finance
Bharat Petroleum Corporation Ltd Slips 22.7%, S&P BSE Oil&Gas Index Shed 10.5%
Bharat Petroleum Corporation Ltd has lost 25.55% over last one month compared to 15.25% fall in S&P BSE Oil&Gas and 7.88% drop in the SENSEX
Japan Nikkei falls on negative offshore lead
The S&P 500 and the Nasdaq on Thursday booked their worst sessions in about three months as a powerful climb in government bond yields rippled through Wall Street, forcing a broad reassessment of assets perceived as risky, like stocks. The yield on the 10-year U.S. Treasury note was up 3.8 basis points at 3.196% and earlier topped 3.23% to trade at its highest since 2011. This comes a day after its largest one-day rise since March 2017. Investors dumped bonds as economic indicators pointed to continued strength in the economy. A higher yield can dampen enthusiasm for stocks, as it offers higher returns for income-seeking investors, without the risk or volatility typically associated with equities.
Australia Market recoups ground
The S&P 500 and the Nasdaq on Thursday booked their worst sessions in about three months as a powerful climb in government bond yields rippled through Wall Street, forcing a broad reassessment of assets perceived as risky, like stocks. The yield on the 10-year U.S. Treasury note was up 3.8 basis points at 3.196% and earlier topped 3.23% to trade at its highest since 2011. This comes a day after its largest one-day rise since March 2017. Investors dumped bonds as economic indicators pointed to continued strength in the economy. A higher yield can dampen enthusiasm for stocks, as it offers higher returns for income-seeking investors, without the risk or volatility typically associated with equities.
Oil prices rise ahead of U.S. Iran sanctions, but outlook for 2019 less certain
SINGAPORE (Reuters) - Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran's crude exports that are set to start next month to tighten global markets.
Mercator emerges lowest bidder for reclamation contract at Jawahar Dweep
The company's dredging division has so far focused on maintenance dredging works and is now extending its expertise to Land Reclamation and Rock dredging and hence opening new avenues for future growth
Equity indices open in red; Sensex down 280 points
The key domestic equity indices opened in the red on Friday, as the S&P BSE Sensex dropped nearly 280 points and the NSE Nifty50 traded below the 10,600-mark.
CRISIL Upgrades AU Bank's Long Term Debt Instruments Rating to AA- With Stable Outlook
/ -- AU Small Finance Bank, one the fastest growing new age banks, today received another upgrade for its long-term debt instruments from CRISIL. Its rating has moved up from CRISIL A+ to CRISIL AA- with stable outlook. The short term ratings on its deposits programme were reaffirmed at CRISIL A1+. The rating upgrade is driven by the bank's demonstrated ability to build-up a significant deposit franchise, replace the legacy borrowings and its further strengthened capital position. The rating factors in the recent capital infusion by Temasek Holdings that has supported the bank's scale of operations. The agency has also highlights that the bank has sustained above average asset quality over the past few years. Commenting over the announcement, Mr. Sanjay Agarwal, MD & CEO, AU Bank, said, "This upgrade has once again reaffirmed the strengths of our banking franchise, portfolio quality and capital position. In the present market conditions, this upgrade is quite reassuring. It ...
Bharti Infratel Ltd Spurts 2.21%
Bharti Infratel Ltd has lost 3.74% over last one month compared to 14.71% fall in S&P BSE Telecom and 8.07% drop in the SENSEX
Rupee recovers 6 paise against US dollar ahead of RBI policy outcome
The rupee recovered 6 paise to 73.52 against the US dollar at the forex market Friday ahead of the RBI's monetary policy outcome amid fresh selling by exporters as the government stepped in to reduce oil prices. Dealers said besides fresh selling of the US dollar by exporters, the greenback's weakness against some currencies overseas supported the rupee. The domestic currency closed at a record low of 73.58, down by 24 paise or 0.33 per cent on Thursday, marking its third straight session of losses. Meanwhile, the benchmark BSE Sensex dropped by 231.16 points, or 0.66 per cent, to 34,938 in opening trade.
Oil prices rise as U.S. sanctions against Iran's crude exports loom
SINGAPORE (Reuters) - Oil prices rose on Friday, as traders focused on U.S. sanctions against Iran's crude exports that are set to start next month to tighten global markets.
RBI policy to dictate market trend
Investors are closely watching the outcome of Reserve Bank of India (RBI)'s three-day Monetary Policy Committee (MPC) meeting today, 5 October 2018. The resolution of the MPC will be unveiled at 14:30 IST today, 5 October 2018.
Rising U.S. bond yields hit global markets, Asian stocks fragile
TOKYO (Reuters) - Asian shares were fragile on Friday after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises.
Samsung Electronics says third-quarter operating profit likely climbed by a fifth to record
SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> on Friday said its third-quarter operating profit likely jumped by a fifth to a record high, in line with market expectations, on demand from data centres and improved production yields.
US dollar inches down slightly
The US dollar fell marginally on Thursday amid spike of 10-year Treasury yields, with the dollar index falling 0.01 per cent at 95.7483.
U.S. Treasuries sell-off has ripple effect across globe, stocks sink
NEW YORK (Reuters) - A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, hitting Wall Street and stock markets globally.
DoubleLine's Gundlach: 30-year U.S. Treasury signals higher bond yields
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, on Thursday said the 30-year U.S. Treasury bond yield has broken above a multi-year base, which should lead to significantly higher yields for financial markets.
Wall Street stumbles as bond yield climb continues
NEW YORK (Reuters) - Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation.
Bond yields surge in U.S. Treasuries sell-off, stocks sink globally
NEW YORK (Reuters) - A two-day unloading of U.S. Treasuries pushed their yields to multi-year peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, and stock markets sank globally.
Oil falls from 4-year highs; Wall Street weighs
NEW YORK (Reuters) - Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's No. 3 producer Iran.