Dollar extends gains on jobless claims data, Fed language

Investing.com - Investing.com - The dollar traded higher against most major currencies on Friday in subdued trading after falling jobless assistance claims and reassurances from the Federal Reserve this week continued to stoke expectations for rate hikes in 2015.

In U.S. trading on Friday, EUR/USD was down 0.49% at 1.2226.

The dollar enjoyed support after the U.S. Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits in the week ending Dec. 12 fell by 6,000 to 289,000 from the previous week's revised total of 295,000. Economist had forecast an increase of 1,000.

The data came a day after the Fed said it would be "patient" before raising rates, guidance which it said is consistent with earlier assurances statement that rates would stay low "for a considerable time."

Fed Chair Janet Yellen said the central bank was unlikely to raise rates for the "next couple of meetings" indicating that a move in April at the earliest is possible.

Still, the dollar saw support on the notion that the days of rock-bottom interest rates are coming to an end.

Meanwhile in Europe, data released earlier revealed that the Gfk German consumer climate index rose to a six-month high of 9.0 in December from a reading of 8.7 the previous month. Analysts had expected the index to tick up to 8.9 this month.

The dollar was up against the yen, with USD/JPY up 0.62% at 119.58, and up against the Swiss franc, with USD/CHF up 0.43% at 0.9841.

The greenback was up against the pound, with GBP/USD down 0.20% at 1.5639.

The Office for National Statistics reported earlier that U.K. public sector net borrowing rose by £13.41 billion last month compared to expectations for an increase of £15.37 billion.

Separately, the Confederation of British Industry said its index of realized sales climbed to a 26-year high of 61 this month from 27 in November, blowing bast expectations for an increase to 30.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.20% at 1.1602, AUD/USD down 0.19% at 0.8148 and NZD/USD down 0.13% at 0.7752.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.44% at 89.84.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

U.S. stocks extend gains on Fed assurances; Dow gains 0.15%

Investing.com - Investing.com - U.S. stocks finished a three-day rally on Friday as investors continued to applaud the Federal Reserve's commitment to be patient when deciding when to hike interest rates.

At the close of U.S. trading, the Dow 30 rose 0.15%, the S&P 500 index rose 0.46%, while the Nasdaq Composite index rose 0.36%.

The S&P 500 VIX index, which measures the outlook for market volatility, was down 1.90% at 16.49.

The Federal Reserve said on Wednesday it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it will exercise patience when raising interest rates to make sure the economy continues to improve.

In past statements, the Fed said it would take "considerable time" to make sure recovery is underway before tightening policy.

In Wednesday's statement, the Fed left in that dovish phrase, though the context of the language suggested that the "considerable time" wordage applied to past statements, leaving markets to conclude that even though rate hikes are on the way, monetary authorities will be patient when acting.

The Fed's language sparked a three-day rally on Wall Street by fueling expectations that borrowing costs will remain low for some time to come while economic fundamentals continue to improve and bolster corporate top and bottom lines.

Thursday's upbeat data out of the labor market drew applause as well.

The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Dec. 12 fell by 6,000 to 289,000 from the previous week's revised total of 295,000. Economist had forecast an increase of 1,000.

Elsewhere, manufacturing activity in the Philadelphia-region slowed in December after expanding at the fastest rate since December 1993 last month, according to data released on Thursday.

The Federal Reserve Bank of Philadelphia said its manufacturing index came in 24.5 at this month, down from 40.8 in November.

Economists had forecast a decline to 26.6.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

Leading Dow Jones Industrial Average performers included Chevron Corporation (NYSE:CVX), up 3.58%, Exxon Mobil Corporation (NYSE:XOM), up 2.72%, and General Electric Company (NYSE:GE), up 1.91%.

The Dow Jones Industrial Average's worst performers included Nike Inc (NYSE:NKE), down 2.31%, Intel Corporation (NASDAQ:INTC), down 1.76%, and United Technologies Corporation (NYSE:UTX), down 1.18%.

European indices, meanwhile, ended the day largely lower.

After the close of European trade, the Euro Stoxx 50 fell 0.53%, France's CAC 40 fell 0.18%, while Germany's DAX 30 fell 0.25%. Meanwhile, in the U.K. the FTSE 100 rose 1.23%.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

Dollar firms on jobless claims data, Fed language

Investing.com - Investing.com - The dollar traded higher against most major currencies on Thursday after falling jobless assistance claims and a rather upbeat take on the economy from the Federal Reserve on Wednesday cemented expectations for rate hikes in 2015.

In U.S. trading on Thursday, EUR/USD was down 0.48% at 1.2284.

The U.S. Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Dec. 12 fell by 6,000 to 289,000 from the previous week's revised total of 295,000. Economist had forecast an increase of 1,000, and the better-than-expected result firmed the dollar as did residual applause of the Federal Reserve's policy statement.

At the conclusion of its monthly policy meeting on Wednesday, the Fed said it would be "patient" before raising rates, guidance which it said is consistent with earlier assurances statement that rates would stay low "for a considerable time."

The U.S. central bank noted improvements taking place in the U.S. labor market and stressed that the economy is making progress toward its goals in inflation and employment, which gave the dollar support on the notion that while language is still accommodative, it's growing less dovish.

At the bank's post policy meeting press conference Fed Chair Janet Yellen said the Fed was unlikely to raise rates for the "next couple of meetings" indicating that a move in April at the earliest is possible.

Elsewhere, manufacturing activity in the Philadelphia-region slowed in December after expanding at the fastest rate since December 1993 last month, according to data released on Thursday.

The Federal Reserve Bank of Philadelphia said its manufacturing index came in 24.5 at this month, down from 40.8 in November.

Economists had forecast a decline to 26.6.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

The current new orders index, which reflects the demand for manufactured goods, fell to 15.7 from 35.7, while the employment index dropped to 7.2 from a three-and-a-half year high of 22.4 last month.

Meanwhile in Europe, the Ifo Institute said its business climate index for Germany rose to 105.5 this month from a reading of 104.7 in November. Analysts had expected the index to tick up to 105.4 in December, though U.S. monetary policy served as the region's chief steering current.

The dollar was up against the yen, with USD/JPY up 0.16% at 118.84, and up against the Swiss franc, with USD/CHF up 0.72% at 0.9800.

The greenback was down against the pound, with GBP/USD up 0.59% at 1.5670.

The pound saw support after the Office for National Statistics reported earlier that U.K. retail sales rose 1.6% last month, well above forecasts for a 0.3% gain. October's figure was revised up to an increase of 1.0% from a previously estimated 0.8% gain.

On a year-on-year basis, retail sales jumped 6.4% beating expectations for a 4.2% gain, after rising at an upwardly revised annual rate of 4.6% in October.

Core retail sales, which exclude automobile sales, were up 1.7% and rose 6.9% from a year earlier. Economists had forecast a monthly increase of 0.4% and an annual gain of 4.5%.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.26% at 1.1601, AUD/USD up 0.47% at 0.8164 and NZD/USD up 0.62% at 0.7756.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.23% at 89.47.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

Crude drops as rally cools, supply concerns reemerge

Investing.com - Investing.com - Oil prices fell on Thursday, wiping out an earlier rally stemming from a bullish U.S. inventory report, as concerns reemerged that global supply far outstrips demand.

In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in February traded down 3.54% at $54.78 a barrel during U.S. trading, up from a session low of $54.58 a barrel and off a high of $59.01 a barrel.

The February contract settled up 0.94% at $56.79 a barrel on Wednesday.

Support for the commodity was seen at $53.94 a barrel, Tuesday's low, and resistance at $59.27 a barrel, Wednesday's high.

Oil prices rallied on Wednesday due to short covering and on U.S. supply data.

The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories fell by 0.847 million barrels in the week ending Dec, 12.

The draw fell short of expectations for a decline of 2.36 million barrels, though oil prices shot up as investors viewed an earlier American Petroleum Institute report revealing an unexpected 1.9 million barrel increase in U.S. oil stockpiles as an anomaly.

By Thursday, prices fell anew on concerns of a global supply glut, with investors searching for new support levels.

Despite an improving U.S. economy, headwinds continue to cool European and Asian economies and hamper demand for fuel and energy, while unrest in the Middle East and Ukraine has failed to disrupt supply as once feared.

Separately, on the ICE Futures Exchange in London, Brent oil futures for January delivery were down 2.80% at US$59.47 a barrel, while the spread between Brent and U.S. crude contracts stood at $4.69.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

Moneycontrol Latest News

Latest News from Moneycontrol.com http://www.moneycontrol.com Thu, 18 Dec 2014 06:30:01 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/international-markets/us-stocks-rallyfed-assurances-dow-climbs-169_1255662.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="U.S. stocks rally on Fed assurances; Dow climbs 1.69%" title="U.S. stocks rally on Fed assurances; Dow climbs 1.69%" border="0" width="75" height="75" align=" left" hspace="5"/> U.S. stocks rally on Fed assurances; Dow climbs 1.69% Thu, 18 Dec 2014 03:25:00 +0530 http://www.moneycontrol.com/news/international-markets/us-stocks-rallyfed-assurances-dow-climbs-169_1255662.html http://www.moneycontrol.com/news/rupee/dollar-firmsas-fed-downplays-oft-used-dovish-language_1255663.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Dollar firms on as Fed downplays oft-used dovish language" title="Dollar firms on as Fed downplays oft-used dovish language" border="0" width="75" height="75" align=" left" hspace="5"/> Dollar firms on as Fed downplays oft-used dovish language Thu, 18 Dec 2014 01:25:00 +0530 http://www.moneycontrol.com/news/rupee/dollar-firmsas-fed-downplays-oft-used-dovish-language_1255663.html http://www.moneycontrol.com/news/commodities/gold-edges-lower-aheadfederal-reserve-statement_1255664.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Gold edges lower ahead of Federal Reserve statement" title="Gold edges lower ahead of Federal Reserve statement" border="0" width="75" height="75" align=" left" hspace="5"/> Gold edges lower ahead of Federal Reserve statement Thu, 18 Dec 2014 00:22:00 +0530 http://www.moneycontrol.com/news/commodities/gold-edges-lower-aheadfederal-reserve-statement_1255664.html http://www.moneycontrol.com/news/business/tata-steel-restarts-ore-productiontwo-odisha-mines_1255574.html <img src="http://www.moneycontrol.com/news_image_files/2014/t/Tata_Steel3_200.jpg" alt="Tata Steel restarts ore production from two Odisha mines" title="Tata Steel restarts ore production from two Odisha mines" border="0" width="75" height="75" align=" left" hspace="5"/> Earlier, the state government had ordered Tata Steel to stop operations at four mines - Bamebari, Katamati, Joda East and Joda West - after the steel major failed to meet the November 15 deadline for forest and environment clearances. Wed, 17 Dec 2014 22:35:51 +0530 http://www.moneycontrol.com/news/business/tata-steel-restarts-ore-productiontwo-odisha-mines_1255574.html http://www.moneycontrol.com/news/business/one-more-cci-hurdle-for-private-equity-firms_1255570.html <img src="http://www.moneycontrol.com/news_image_files/2014/p/Payaswini-Red-200.jpg" alt="Payaswini Upadhyay" title="Payaswini Upadhyay" border="0" width="75" height="75" align=" left" hspace="5"/> Ashok Chawla, chairman, CII has a very clear mantra for companies to follow when it comes to investing in other companies - it's better to ask for permission, than to apologies. Wed, 17 Dec 2014 22:26:31 +0530 http://www.moneycontrol.com/news/business/one-more-cci-hurdle-for-private-equity-firms_1255570.html http://www.moneycontrol.com/news/economy/are-signals-forrate-cut-slowly-turning-green-all-over_1255534.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/inflation5_356_200_0547.jpg" alt="R Jagannathan " title="R Jagannathan " border="0" width="75" height="75" align=" left" hspace="5"/> Inflation is being tamed, if not dead. We only need the confirmatory signals from December and January to know if it is going to lie low or rear its ugly head again. Wed, 17 Dec 2014 22:11:11 +0530 http://www.moneycontrol.com/news/economy/are-signals-forrate-cut-slowly-turning-green-all-over_1255534.html http://www.moneycontrol.com/news/announcements/uttam-sugar-mills-outcomeagm_1255550.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Uttam Sugar Mills: Outcome of AGM" title="Uttam Sugar Mills: Outcome of AGM" border="0" width="75" height="75" align=" left" hspace="5"/> Uttam Sugar Mills has informed that the 19th Annual General Meeting (AGM) of the Company was held on December 15, 2014. Wed, 17 Dec 2014 22:10:44 +0530 http://www.moneycontrol.com/news/announcements/uttam-sugar-mills-outcomeagm_1255550.html http://www.moneycontrol.com/news/announcements/mahindra-ugine-steel-company-director-ajay-kadhao-resigns_1255549.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Mahindra Ugine Steel Company director Ajay Kadhao resigns" title="Mahindra Ugine Steel Company director Ajay Kadhao resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Mahindra CIE Automotive has informed that Mr. Ajay Kadhao as the Company Secretary and compliance officer of Mahindra Ugine Steel Company Limited has resigned with effect from December 12, 2014, which is now merged pursuant to the scheme of Amalgamation between Mahindra Ugine Steel Company Limited with the Company. Wed, 17 Dec 2014 22:10:07 +0530 http://www.moneycontrol.com/news/announcements/mahindra-ugine-steel-company-director-ajay-kadhao-resigns_1255549.html http://www.moneycontrol.com/news/announcements/future-consumer-enterprise-outcomecommittee-meeting_1255548.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Future Consumer Enterprise: Outcome of committee meeting" title="Future Consumer Enterprise: Outcome of committee meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Future Consumer Enterprise has informed that the Nomination and Remuneration / Compensation Committee of the
Board of Directors held on December 16, 2014, has considered / approved cancellation of 3,50,000 Options granted to an employee who has ceased to be in employment with the Company. Wed, 17 Dec 2014 22:10:03 +0530 http://www.moneycontrol.com/news/announcements/future-consumer-enterprise-outcomecommittee-meeting_1255548.html http://www.moneycontrol.com/news/announcements/nucleus-software-exports-outcomeboard-meeting_1255547.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Nucleus Software Exports: Outcome of board meeting" title="Nucleus Software Exports: Outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Nucleus Software Exports in its meeting held on Dec 17, 2014, has approved, pursuant to Section 110 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 22 of the Companies Rules, 2014, the proposal for conducting Postal Ballot for obtaining approval of Shareholders to pass the resolution. Wed, 17 Dec 2014 22:09:58 +0530 http://www.moneycontrol.com/news/announcements/nucleus-software-exports-outcomeboard-meeting_1255547.html http://www.moneycontrol.com/news/announcements/aikyam-intellectual-property-consultancy-auditor-deepak-oza-resigns_1255546.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Aikyam Intellectual Property Consultancy auditor Deepak Oza resigns" title="Aikyam Intellectual Property Consultancy auditor Deepak Oza resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Aikyam Intellectual Property Consultancy has informed that the Company's Statutory Auditor, Mr. Deepak Oza have put up its resignation as Statutory Auditor of the Company. The Company have taken note of the same and in the process of appointing new Auditor. Wed, 17 Dec 2014 22:09:28 +0530 http://www.moneycontrol.com/news/announcements/aikyam-intellectual-property-consultancy-auditor-deepak-oza-resigns_1255546.html http://www.moneycontrol.com/news/announcements/onesource-techmedia-outcomeboard-meeting_1255545.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Onesource Techmedia: Outcome of board meeting" title="Onesource Techmedia: Outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Onesource Techmedia at its meeting held on December 17, 2014, has considered and approved the appointment of Mr. Fayaz Usman Faheed as Additional Director of the Company with immediate effect. Resignation of Mr. S. Krishna Rao Whole-Time Director, from the directorship of the Company, with effect from December 17, 2014. Wed, 17 Dec 2014 22:09:24 +0530 http://www.moneycontrol.com/news/announcements/onesource-techmedia-outcomeboard-meeting_1255545.html http://www.moneycontrol.com/news/announcements/broadcast-initiatives-company-secretaryco-ms-gandhali-bage-resign_1255544.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Broadcast Initiatives company Secretary and CO Ms. Gandhali Bage resign" title="Broadcast Initiatives company Secretary and CO Ms. Gandhali Bage resign" border="0" width="75" height="75" align=" left" hspace="5"/> Broadcast Initiatives has informed that Ms. Gandhali Bage, Company Secretary and Compliance Officer has resigned from the Company w.e.f. December 17, 2014. Wed, 17 Dec 2014 22:09:20 +0530 http://www.moneycontrol.com/news/announcements/broadcast-initiatives-company-secretaryco-ms-gandhali-bage-resign_1255544.html http://www.moneycontrol.com/news/announcements/onesource-techmedia-updatesoutcomeboard-meeting_1255543.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Onesource Techmedia: Updates on outcome of board meeting" title="Onesource Techmedia: Updates on outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Onesource Techmedia has informed that due to the resignation of Mr. S. Krishna Rao from the post of Whole Time Director cum Compliance Officer of the Company w.e.f. December 17, 2014, the Board of the Directors of the Company at the meeting of held on December 17, 2014 has appointed Mr. Fayaz Usman Faheed, as the Managing Director of the Company. Wed, 17 Dec 2014 22:09:16 +0530 http://www.moneycontrol.com/news/announcements/onesource-techmedia-updatesoutcomeboard-meeting_1255543.html http://www.moneycontrol.com/news/announcements/d-v-dharmik-ceases-to-be-independent-directorsjvn_1255542.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="D. V. Dharmik ceases to be independent director of SJVN" title="D. V. Dharmik ceases to be independent director of SJVN" border="0" width="75" height="75" align=" left" hspace="5"/> SJVN has informed that Shri D. V. Dharmik has ceased to be an Independent director on the Board w.e.f. December 13, 2014 on completion of his tenure of appointment fixed vide appointment letter dated, December 14, 2011 issued by the Ministry of Power, Government of India. Wed, 17 Dec 2014 22:09:12 +0530 http://www.moneycontrol.com/news/announcements/d-v-dharmik-ceases-to-be-independent-directorsjvn_1255542.html

Latest News from Moneycontrol.com http://www.moneycontrol.com Thu, 18 Dec 2014 06:30:01 +0530 Moneycontrol.com http://img1.moneycontrol.com/images/top2010/moneycontrol_logo.jpg http://www.moneycontrol.com Feed provided by Moneycontrol. http://www.moneycontrol.com/news/international-markets/us-stocks-rallyfed-assurances-dow-climbs-169_1255662.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="U.S. stocks rally on Fed assurances; Dow climbs 1.69%" title="U.S. stocks rally on Fed assurances; Dow climbs 1.69%" border="0" width="75" height="75" align=" left" hspace="5"/> U.S. stocks rally on Fed assurances; Dow climbs 1.69% Thu, 18 Dec 2014 03:25:00 +0530 http://www.moneycontrol.com/news/international-markets/us-stocks-rallyfed-assurances-dow-climbs-169_1255662.html http://www.moneycontrol.com/news/rupee/dollar-firmsas-fed-downplays-oft-used-dovish-language_1255663.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Dollar firms on as Fed downplays oft-used dovish language" title="Dollar firms on as Fed downplays oft-used dovish language" border="0" width="75" height="75" align=" left" hspace="5"/> Dollar firms on as Fed downplays oft-used dovish language Thu, 18 Dec 2014 01:25:00 +0530 http://www.moneycontrol.com/news/rupee/dollar-firmsas-fed-downplays-oft-used-dovish-language_1255663.html http://www.moneycontrol.com/news/commodities/gold-edges-lower-aheadfederal-reserve-statement_1255664.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Gold edges lower ahead of Federal Reserve statement" title="Gold edges lower ahead of Federal Reserve statement" border="0" width="75" height="75" align=" left" hspace="5"/> Gold edges lower ahead of Federal Reserve statement Thu, 18 Dec 2014 00:22:00 +0530 http://www.moneycontrol.com/news/commodities/gold-edges-lower-aheadfederal-reserve-statement_1255664.html http://www.moneycontrol.com/news/business/tata-steel-restarts-ore-productiontwo-odisha-mines_1255574.html <img src="http://www.moneycontrol.com/news_image_files/2014/t/Tata_Steel3_200.jpg" alt="Tata Steel restarts ore production from two Odisha mines" title="Tata Steel restarts ore production from two Odisha mines" border="0" width="75" height="75" align=" left" hspace="5"/> Earlier, the state government had ordered Tata Steel to stop operations at four mines - Bamebari, Katamati, Joda East and Joda West - after the steel major failed to meet the November 15 deadline for forest and environment clearances. Wed, 17 Dec 2014 22:35:51 +0530 http://www.moneycontrol.com/news/business/tata-steel-restarts-ore-productiontwo-odisha-mines_1255574.html http://www.moneycontrol.com/news/business/one-more-cci-hurdle-for-private-equity-firms_1255570.html <img src="http://www.moneycontrol.com/news_image_files/2014/p/Payaswini-Red-200.jpg" alt="Payaswini Upadhyay" title="Payaswini Upadhyay" border="0" width="75" height="75" align=" left" hspace="5"/> Ashok Chawla, chairman, CII has a very clear mantra for companies to follow when it comes to investing in other companies - it's better to ask for permission, than to apologies. Wed, 17 Dec 2014 22:26:31 +0530 http://www.moneycontrol.com/news/business/one-more-cci-hurdle-for-private-equity-firms_1255570.html http://www.moneycontrol.com/news/economy/are-signals-forrate-cut-slowly-turning-green-all-over_1255534.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/inflation5_356_200_0547.jpg" alt="R Jagannathan " title="R Jagannathan " border="0" width="75" height="75" align=" left" hspace="5"/> Inflation is being tamed, if not dead. We only need the confirmatory signals from December and January to know if it is going to lie low or rear its ugly head again. Wed, 17 Dec 2014 22:11:11 +0530 http://www.moneycontrol.com/news/economy/are-signals-forrate-cut-slowly-turning-green-all-over_1255534.html http://www.moneycontrol.com/news/announcements/uttam-sugar-mills-outcomeagm_1255550.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Uttam Sugar Mills: Outcome of AGM" title="Uttam Sugar Mills: Outcome of AGM" border="0" width="75" height="75" align=" left" hspace="5"/> Uttam Sugar Mills has informed that the 19th Annual General Meeting (AGM) of the Company was held on December 15, 2014. Wed, 17 Dec 2014 22:10:44 +0530 http://www.moneycontrol.com/news/announcements/uttam-sugar-mills-outcomeagm_1255550.html http://www.moneycontrol.com/news/announcements/mahindra-ugine-steel-company-director-ajay-kadhao-resigns_1255549.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Mahindra Ugine Steel Company director Ajay Kadhao resigns" title="Mahindra Ugine Steel Company director Ajay Kadhao resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Mahindra CIE Automotive has informed that Mr. Ajay Kadhao as the Company Secretary and compliance officer of Mahindra Ugine Steel Company Limited has resigned with effect from December 12, 2014, which is now merged pursuant to the scheme of Amalgamation between Mahindra Ugine Steel Company Limited with the Company. Wed, 17 Dec 2014 22:10:07 +0530 http://www.moneycontrol.com/news/announcements/mahindra-ugine-steel-company-director-ajay-kadhao-resigns_1255549.html http://www.moneycontrol.com/news/announcements/future-consumer-enterprise-outcomecommittee-meeting_1255548.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Future Consumer Enterprise: Outcome of committee meeting" title="Future Consumer Enterprise: Outcome of committee meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Future Consumer Enterprise has informed that the Nomination and Remuneration / Compensation Committee of the
Board of Directors held on December 16, 2014, has considered / approved cancellation of 3,50,000 Options granted to an employee who has ceased to be in employment with the Company. Wed, 17 Dec 2014 22:10:03 +0530 http://www.moneycontrol.com/news/announcements/future-consumer-enterprise-outcomecommittee-meeting_1255548.html http://www.moneycontrol.com/news/announcements/nucleus-software-exports-outcomeboard-meeting_1255547.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Nucleus Software Exports: Outcome of board meeting" title="Nucleus Software Exports: Outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Nucleus Software Exports in its meeting held on Dec 17, 2014, has approved, pursuant to Section 110 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 22 of the Companies Rules, 2014, the proposal for conducting Postal Ballot for obtaining approval of Shareholders to pass the resolution. Wed, 17 Dec 2014 22:09:58 +0530 http://www.moneycontrol.com/news/announcements/nucleus-software-exports-outcomeboard-meeting_1255547.html http://www.moneycontrol.com/news/announcements/aikyam-intellectual-property-consultancy-auditor-deepak-oza-resigns_1255546.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Aikyam Intellectual Property Consultancy auditor Deepak Oza resigns" title="Aikyam Intellectual Property Consultancy auditor Deepak Oza resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Aikyam Intellectual Property Consultancy has informed that the Company's Statutory Auditor, Mr. Deepak Oza have put up its resignation as Statutory Auditor of the Company. The Company have taken note of the same and in the process of appointing new Auditor. Wed, 17 Dec 2014 22:09:28 +0530 http://www.moneycontrol.com/news/announcements/aikyam-intellectual-property-consultancy-auditor-deepak-oza-resigns_1255546.html http://www.moneycontrol.com/news/announcements/onesource-techmedia-outcomeboard-meeting_1255545.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Onesource Techmedia: Outcome of board meeting" title="Onesource Techmedia: Outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Onesource Techmedia at its meeting held on December 17, 2014, has considered and approved the appointment of Mr. Fayaz Usman Faheed as Additional Director of the Company with immediate effect. Resignation of Mr. S. Krishna Rao Whole-Time Director, from the directorship of the Company, with effect from December 17, 2014. Wed, 17 Dec 2014 22:09:24 +0530 http://www.moneycontrol.com/news/announcements/onesource-techmedia-outcomeboard-meeting_1255545.html http://www.moneycontrol.com/news/announcements/broadcast-initiatives-company-secretaryco-ms-gandhali-bage-resign_1255544.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Broadcast Initiatives company Secretary and CO Ms. Gandhali Bage resign" title="Broadcast Initiatives company Secretary and CO Ms. Gandhali Bage resign" border="0" width="75" height="75" align=" left" hspace="5"/> Broadcast Initiatives has informed that Ms. Gandhali Bage, Company Secretary and Compliance Officer has resigned from the Company w.e.f. December 17, 2014. Wed, 17 Dec 2014 22:09:20 +0530 http://www.moneycontrol.com/news/announcements/broadcast-initiatives-company-secretaryco-ms-gandhali-bage-resign_1255544.html http://www.moneycontrol.com/news/announcements/onesource-techmedia-updatesoutcomeboard-meeting_1255543.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Onesource Techmedia: Updates on outcome of board meeting" title="Onesource Techmedia: Updates on outcome of board meeting" border="0" width="75" height="75" align=" left" hspace="5"/> Onesource Techmedia has informed that due to the resignation of Mr. S. Krishna Rao from the post of Whole Time Director cum Compliance Officer of the Company w.e.f. December 17, 2014, the Board of the Directors of the Company at the meeting of held on December 17, 2014 has appointed Mr. Fayaz Usman Faheed, as the Managing Director of the Company. Wed, 17 Dec 2014 22:09:16 +0530 http://www.moneycontrol.com/news/announcements/onesource-techmedia-updatesoutcomeboard-meeting_1255543.html http://www.moneycontrol.com/news/announcements/d-v-dharmik-ceases-to-be-independent-directorsjvn_1255542.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="D. V. Dharmik ceases to be independent director of SJVN" title="D. V. Dharmik ceases to be independent director of SJVN" border="0" width="75" height="75" align=" left" hspace="5"/> SJVN has informed that Shri D. V. Dharmik has ceased to be an Independent director on the Board w.e.f. December 13, 2014 on completion of his tenure of appointment fixed vide appointment letter dated, December 14, 2011 issued by the Ministry of Power, Government of India. Wed, 17 Dec 2014 22:09:12 +0530 http://www.moneycontrol.com/news/announcements/d-v-dharmik-ceases-to-be-independent-directorsjvn_1255542.html

08.10 | 0 komentar | Read More

U.S. stocks fall on Russian concerns, Fed uncertainty; Dow sinks 0.65%

Investing.com - Investing.com - Concerns that Russia's economic woes may slow global growth coupled with uncertainty as to how upbeat the Federal Reserve will view the U.S. economy in its Wednesday policy statement sent Wall Street stocks falling on Tuesday.

At the close of U.S. trading, the Dow 30 fell 0.65%, the S&P 500 index fell 0.85%, while the Nasdaq Composite index fell 1.24%.

The S&P 500 VIX index, which measures the outlook for market volatility, was up 14.99% at 23.48.

Russia's central bank hiked interest rates earlier though the ruble continued to plunge on fears falling oil prices and sanctions slapped on the country for its alleged meddling in Ukraine will damage the economy.

U.S. stocks slid on concerns Russia's problems could slow global growth, possibly prompting the Federal Reserve to account for such headwinds in its statement on interest rates and monetary policy due out on Wednesday.

Soft U.S. housing data added to Tuesday's declines.

The Census Bureau reported earlier that the number of housing starts fell to 1.028 million units in November from 1.045 million in the preceding month, whose figure was revised up from 1.009 million.

Analysts had expected the number of housing starts to rise to 1.030 million last month.

Building permits took a similar turn for the worse.

The Census Bureau reported that the number of building permits issued in November fell to 1.035 million from 1.080 million in the preceding month.

Analysts were expecting the number of building permits issued to fall to 1.060 million last month.

While a broader analysis of the U.S. housing sector still points to recovery, many investors jumped to the sidelines to await the Federal Reserve's statement on Wednesday.

Leading Dow Jones Industrial Average performers included Boeing Company (NYSE:BA), up 1.78%, 3M Company (NYSE:MMM), up 1.40%, and United Technologies Corporation (NYSE:UTX), up 1.18%.

The Dow Jones Industrial Average's worst performers included Microsoft Corporation (NASDAQ:MSFT), down 3.11%, Home Depot Inc (NYSE:HD), down 2.99%, and UnitedHealth Group Incorporated (NYSE:UNH), down 2.46%.

European indices, meanwhile, ended the day higher.

After the close of European trade, the Euro Stoxx 50 rose 2.25%, France's CAC 40 rose 2.19%, while Germany's DAX 30 rose 2.46%. Meanwhile, in the U.K. the FTSE 100 rose 2.41%.

On Wednesday, expect markets to move on the Federal Reserve's statement on monetary policy and interest rates.

Elsewhere, the U.S. is to release data on consumer inflation and the current account.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

Forex - Kiwi slightly weaker after balance of payments deficit

Investing.com - Investing.com - The New Zealand dollar eased slightly in Asia early Wednesday as the balance of payments came in near expectations.

New Zealand recorded a third quarter current account deficit of NZ$5 billion, compared to a gap of NZ$5.35 billion expected, and 2.6% of GDP.

NZD/USD traded at 0.7795, down 0.02%, after the data. AUD/USD traded at 0.8219, down 0.01% and USD/JPY held at 116.43, up 0.01% ahead of data sets in both countries.

Australia has the Westpac Leading Index for November at 1030 local (2330 GMT). In Japan, trade data for November is due at 0850 Tokyo (2350 GMT), and machine tool orders for November are seen at 1500 local (0600 GMT).

Overnight, the dollar traded largely lower against most major currencies on Tuesday after data revealed groundbreaking on new homes in the U.S. came in softer than expected in November.

U.S. housing starts fell unexpectedly last month, official data showed on Tuesday.

The Census Bureau reported earlier that the number of housing starts fell to 1.028 million units in November from 1.045 million in the preceding month, whose figure was revised up from 1.009 million.

Analysts had expected the number of housing starts to rise to 1.030 million last month.

Building permits took a similar turn for the worse.

The Census Bureau reported that the number of building permits issued in November fell to 1.035 million from 1.080 million in the preceding month .

Analysts were expecting the number of building permits issued to fall to 1.060 million last month.

While a broader analysis of the U.S. housing sector still points to recovery, setbacks such as Tuesday's reports softened the greenback, namely as investors jumped to the sidelines to await the Federal Reserve's statement on monetary policy and interest rates due out on Wednesday.

Meanwhile in Europe, the single currency saw support after data revealed German economic sentiment in December improved to its highest level since May, indicating that conditions are becoming more favorable.

The ZEW Centre for Economic Research said that its index of German economic sentiment jumped to 34.9 in December from 11.5 in November, beating consensus forecasts for a 20.8 reading.

The report came after survey data showed that euro zone private sector activity grew at a slightly faster rate in December, but the rate of expansion was still one of the weakest seen over the past year.

The euro area composite output purchasing managers' index, which measures the combined output of both the manufacturing and service sectors, rose to a two month high of 51.7, off November's 16-month low of 51.1 and better than market calls for a 51.3 reading.

Germany's private sector expanded at the slowest rate in 18 months while French private sector activity remained in contraction territory, though the euro held firm.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.05% at 88.10.

On Wednesday, expect markets to move on the Federal Reserve's statement on monetary policy and interest rates.

Elsewhere, the U.S. is to release data on consumer inflation and the current account.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

Crude drops as OPEC reiterates no output cuts

Investing.com - Investing.com - Oil prices tumbled on Monday after a key OPEC country said the oil cartel won't trim output to shore up prices, which fueled ongoing concerns that supply far outstrips demand.

In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in February traded down 2.31% at $56.74 a barrel during U.S. trading, up from a session low of $56.25 a barrel and off a high of $59.00 a barrel.

The February contract settled down 3.51% at $58.08 a barrel on Friday.

Support for the commodity was seen at $56.07 a barrel, the low from May 15, 2009, and resistance at $65.61 a barrel, last Monday's high.

The United Arab Emirates said earlier that OPEC will stand by its recent decision not to trim output to shore up slumping oil prices, news that sent crude futures plunging on Monday.

London-traded Brent prices have fallen nearly 47% since June, when the commodity hit $115.71, while WTI futures are down almost 46% from a peak of $107.50 in June.

Oil prices firmed earlier this year on expectations for a more robust U.S. economy to consume more fuel and energy as well as on geopolitical concerns.

While the U.S. economy continues to expand, other major economies are seeing their growth rates cool, which has softened oil prices.

Furthermore, military conflicts in the Ukraine, Syria, Iraq and elsewhere have not disrupted supply as once feared, which is allowing oil prices to slide further.

OPEC countries are presumably allowing prices to fall with the aim of sideling U.S. shale producers, who cost more to produce oil.

On Friday the International Energy Agency said oil supply will remain ample for some time to come.

"Barring a disorderly production response, it may well take some time for supply and demand to respond to the price rout," the IEA said in its report.

"When it comes to supply, lower oil prices are already slashing producers' spending, but this is more likely to affect medium- and long-term output than short-term supplies. So long is the lead of oil projects that price swings can take time to work their way through to supply. Projects that have already been funded will for the most part go on."

Non-OPEC countries will also contribute to global supply.

The IEA also said it had cut its 2015 global oil demand growth forecast by 230,000 barrels per day to 0.9 million bpd.

Elsewhere, fears of supply disruptions in Libya due to renewed conflict there failed to overshadow the announcement out of the United Arab Emirates.

Separately, on the ICE Futures Exchange in London, Brent oil futures for January delivery were down 1.18% at US$61.42 a barrel, while the spread between Brent and U.S. crude contracts stood at $4.68.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

U.S. stocks fall on plunging oil in volatile session; Dow sinks 0.58%

Investing.com - Investing.com - Falling oil prices sent U.S. stocks falling on Monday in a volatile session with hopes for more discretionary spending giving stocks a boost, though concerns cheaper crude stems from a cooling global economy sent equities falling at the closing bell.

At the close of U.S. trading, the Dow 30 fell 0.58%, the S&P 500 index fell 0.63%, while the Nasdaq Composite index fell 1.04%.

The CBOE Volatility Index index, which measures the outlook for market volatility, was down 3.13% at 20.42.

Oil prices have fallen in recent months on concerns that supply far outstrips demand, and a recent OPEC decision to leave output unchanged has exacerbated losses.

The United Arab Emirates said earlier that OPEC will stand by its recent decision not to trim output to shore up slumping oil prices, news that sent crude futures plunging on Monday.

London-traded Brent prices have fallen nearly 47% since June, when the commodity hit $115.71, while WTI futures are down almost 46% from a peak of $107.50 in June.

While cheaper gasoline prices may give U.S. consumers more discretionary income for holiday shopping, stocks fell on concerns that falling oil prices are also the product of a cooler global economy, which rattled nerves on Wall Street.

Mixed U.S. data added to Monday's volatility.

The Federal Reserve reported earlier that industrial production rose by 1.3% in November, beating expectations for a gain of 0.7%.

Industrial production for October was revised up to 0.1% from a previously reported decline of 0.1%.

The report added that the capacity utilization rate, a measure of how full firms are using their resources, rose to 80.1% last month from an upwardly revised 79.3% in October, beating market calls for an unchanged reading.

On the flip side, the New York Federal Reserve's index of manufacturing conditions fell unexpectedly in December, dropping into negative territory for the first time in almost two years.

The Federal Reserve Bank of New York reported that its index of general business conditions came in at -3.6 this month, down from 10.16 in November. Analysts had expected the index to rise to 12.52.

On the index, a reading above 0.0 indicates improving conditions, below indicates worsening conditions.

The Empire State manufacturing index is seen as an early forecast of the Institute for Supply Managements factory survey.

Leading Dow Jones Industrial Average performers included Boeing Company (NYSE:BA), up 1.08%, Exxon Mobil Corporation (NYSE:XOM), up 0.35%, and AT&T Inc (NYSE:T), up 0.28%.

The Dow Jones Industrial Average's worst performers included McDonald's Corporation (NYSE:MCD), down 2.38%, Goldman Sachs Group Inc (NYSE:GS), down 1.74%, and International Business Machines (NYSE:IBM), down 1.49%.

European indices, meanwhile, ended the day lower.

After the close of European trade, the Euro Stoxx 50 fell 2.75%, France's CAC 40 fell 2.52%, while Germany's DAX 30 fell 2.72%. Meanwhile, in the U.K. the FTSE 100 fell 1.87%.

On Tuesday, the U.S. is to publish reports on building permits and housing starts.

Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

08.10 | 0 komentar | Read More

SUN-RANBAXY @ CCI: 1st Structural Remedy!

Published on Sat, Dec 13,2014 | 20:41, Updated at Sat, Dec 13 at 20:41Source : CNBC-TV18 |   Watch Video :

It's the first time that India's competition regulator has ordered the sale of certain assets before approving a merger. CCI gave the 4 billion dollar Sun-Ranbaxy deal conditional approval. The 2 companies must sell certain select products identified by the CCI, before the merger can take place. This CCI order will set precedent for other such deals in India and hence today we are going to examine what it says and what means. First. here's a brief look at the highlights of the order.

Sun and Ranbaxy are both leading generic pharmaceutical players with most of their revenue from international sales. The CCI examined how a merger between the 2 would impact the Indian pharma market. To do so, it first defined relevant product market based on the molecule. Thereafter CCI examined 51 molecules or relevant markets where the combination would have a more than 15% market share. it found that in 7, the combined entity will have an adverse impact on competition. This determination was made not just on the basis of the market share of the merged entity but also taking into account the market share of competitors and number of significant players in the relevant market. For instance, in one of the 7 molecules, the merged entity's share adds up to just 40—45%, less than half the market. But there are only 2 other significant competitors and one of them has seen market share decline over the last 4 years. Based on this analysis, Ranbaxy has been asked to sell its product based on this molecule, before the merger is consummated. In total, Ranbaxy is to sell 5 products and Sun 2.

How will this CCI order impact future deals? To discuss that, CNBC-TV18's Menaka Doshi spoke to Amitabh Kumar of JSA and Samir Gandhi of AZB.

08.10 | 0 komentar | Read More

The Ashok Chawla Interview!

Friday: 10.30 pm, Saturday: 11.30 am

Sunday: 9:30am & 11.00pm

Published on Sat, Dec 13,2014 | 20:41, Updated at Sat, Dec 13 at 20:41Source : CNBC-TV18 |   Watch Video :

Constitutional challenge to Competition Act, a word of caution for the Private Equity Industry, possible solution for the Thomas Cook problem, explanation to the Tesco surprise and the upset created by COMPAT's DLF order- CCI Chairman Ashok Chawla spoke to CNBC-TV18's Payaswini Upadhyay on all this and more.

Twitter

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.

08.10 | 0 komentar | Read More