Dollar gains as market preps for tighter U.S. monetary policy

Investing.com - Investing.com - The dollar traded higher against most major currencies on Friday as U.S. monetary policy appears set to diverge from Europe and Japan.

In U.S. trading on Friday, EUR/USD was down 0.67% at 1.2837.

The dollar rallied against the euro on expectations for U.S. and European monetary policies to diverge.

Earlier this week, the Federal Reserve suggested it plans to close its bond-buying stimulus program next month and hike interest rates in 2015.

While some time will pass between those two policy moves, rate hikes could come quickly once the U.S. central bank moves to tighten, investors have concluded, which bolstered the greenback.

Meanwhile across the Atlantic, the euro came under pressure after the European Central Bank on Thursday said it allotted €82.6 billion to 255 bidders in its new Targeted Long Term Refinancing Operation, or TLTRO. The figure was well below the €100 to €150 billion predicted by analysts.

The European Central Bank recently cut interest rates and announced it would purchase asset-backed securities to stimulate the economy, which has softened the euro.

Elsewhere, market talk that the Bank of Japan bought one-year government debt at negative yields softened the yen, which added to the greenback's appeal.

While the BoJ has bought three- and six-month bills at negative yields in the past, the decision to buy one-year debt that will lose money added to market speculation that monetary authorities are ramping up their efforts to stimulate the economy and reach a 2% inflation target.

The dollar was up against the yen, with USD/JPY up 0.23% at 108.94, and up against the Swiss franc, with USD/CHF up 0.72% at 0.9404.

The greenback was up against the pound, with GBP/USD down 0.54% at 1.6309.

The pound strengthened earlier after Scottish voters rejected a referendum on independence and opted to remain part of the United Kingdom.

A record turnout of voters delivered a clear victory for the No campaign on Thursday, with 55% of Scottish voters rejecting independence and 45% backing it.

The pound later fell against the greenback, as many investors had already priced a No victory and sold sterling for profits.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.15% at 1.0953, AUD/USD down 0.61% at 0.8934 and NZD/USD down 0.22% at 0.8134.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.55% at 84.86.

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U.S. stocks mixed on Alibaba IPO, Scotland vote; Dow rises 0.08%

Investing.com - Investing.com - U.S. stocks rose on Friday after investors applauded Chinese e-commerce giant Alibaba's initial public offering as well as Scotland's decision to stay in the U.K., though profit taking trimmed gains later in the session.

The session saw a quarterly event known as quadruple witching, when futures and options contracts on indexes as well as individual stocks expire, which boosted volume and volatility.

Technology stocks fell as investors sold to invest in Alibaba, which pushed indices down.

At the close of U.S. trading, the Dow 30 rose 0.08%, the S&P 500 index fell 0.05%, while the NASDAQ Composite index fell 0.30%.

The Volatility S&P 500 index, which measures the outlook for market volatility, was up 0.67% at 12.11.

Chinese e-commerce company Alibaba Group Holdings Ltd (NYSE:BABA) rose $22 billion in Wall Street's largest IPO in history on Friday, which drew applause along the street.

The company's shares traded in a volatile manner at times before closing up 38%.

Elsewhere, Scotland's decision to stay in the U.K. sent stocks rising earlier in the session as well.

A record turnout of voters delivered a clear victory for the No campaign on Thursday, with 55% of Scottish voters rejecting independence and 45% backing it.

Concerns that a Scottish secession may disrupt the U.K. economy and prompt other European regions to follow suit rattled nerves prior to Friday.

Leading Dow Jones Industrial Average performers included Microsoft Corporation (NASDAQ:MSFT), up 1.74%, Verizon Communications Inc (NYSE:VZ), up 1.30%, and McDonald's Corporation (NYSE:MCD)s, up 0.99%.

The Dow Jones Industrial Average's worst performers included Caterpillar Inc (NYSE:CAT), down 1.80%, Intel Corporation (NASDAQ:INTC), down 0.92%, and Goldman Sachs Group Inc (NYSE:GS), down 0.83%.

European indices, meanwhile, ended the day largely higher.

After the close of European trade, the DJ Euro Stoxx 50 rose 0.22%, France's CAC 40 fell 0.08%, while Germany's DAX rose 0.01%. Meanwhile, in the U.K. the FTSE 100 rose 0.27%.

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Natural gas drops on bearish U.S. supply report

Natural gas drops on bearish U.S. supply report

Investing.com - Investing.com - Natural gas prices dropped on Thursday after data showed that U.S. stockpiles surpassed the five-year average last week.

On the New York Mercantile Exchange, natural gas futures for delivery in October were down 1.76% at $3.943 per million British thermal units during U.S. trading. The commodity hit a session low of $3.905, and a high of $4.027.

The October contract settled up 0.45% on Tuesday to end at $4.013 per million British thermal units.

Natural gas futures were likely to find support at $3.786 per million British thermal units, last Friday's low, and resistance at $4.078, the high from Sept. 2.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended Sept. 12 rose by 90 billion cubic feet, broadly in line with market expectations.

Inventories rose by 48 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 71 billion cubic feet, a figure that sent prices dropping on Thursday.

Injections of gas into storage have surpassed the five-year average for 22 consecutive weeks, alleviating concerns over tightening supplies.

Total U.S. natural gas storage stood at 2.891 trillion cubic feet. Stocks were 401 billion cubic feet less than last year at this time and 444 billion cubic feet below the five-year average of 3.335 trillion cubic feet for this time of year.

Updated weather-forecasting models calling for mild temperatures across the eastern and northern U.S. pressured prices lower as well, as thermal power plants will burn less of the commodity to reduced use of air conditioning.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in November were down 1.15% at $92.13 a barrel, while heating oil for October delivery were down 1.39% at $2.7070 per gallon.

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Dollar mixed on U.S. data, Fed rate hike expectations

Investing.com - Investing.com - The dollar traded mixed to lower against most major currencies on Thursday, buoyed by expectations for tighter monetary policy on the horizon and softened by a mixed bag of U.S. data.

In U.S. trading on Thursday, EUR/USD was up 0.47% at 1.2920.

The Federal Reserve on Wednesday said that it will likely close its monthly bond-buying program in October and suggested it will raise interest rates in 2015.

The Fed added interest rates will hover just above zero for a "considerable time" after it closes its easing program, but the U.S. central bank also suggested it could begin hiking benchmark borrowing costs faster than anticipated once it decides to start tightening policy.

An end of stimulus and prospects for higher interest rates should give the dollar added support going forward, though mixed U.S. data allowed for profit taking on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending Sept. 13 fell by 36,000 to 280,000, the lowest level since mid-July, from the previous week's revised total of 316,000.

Analysts had expected jobless claims to fall by 11,000 to 305,000 last week.

Separately, the U.S. Commerce Department said that the number of building permits issued last month dropped by 5.6% to 998,000 units from July's total of 1.057 million.

Analysts expected building permits to fall by 0.4% to 1.045 million units in August.

The report also showed that U.S. housing starts tumbled by 14.4% last month to hit 956,000 units from July's total of 1.117 million units, confounding expectations for an increase to 1.040 million.

The dollar was up against the yen, with USD/JPY up 0.38% at 108.77, and down against the Swiss franc, with USD/CHF down 0.74% at 0.9342.

The greenback was down against the pound, with GBP/USD up 0.61% at 1.6376.

Scots were flocking to the polls on Thursday to vote on their independence in a referendum, with investors taking up positions betting that voters will decide to remain part of the U.K.

The pound firmed earlier after the final Ipsos Mori opinion poll of the referendum campaign showed the no vote was slightly ahead at 53%, while support for the yes vote was at 47%.

Past polls found the yes and no camps trading places at 51% versus 49%, and the latest survey suggested the no campaign was advancing.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.45% at 1.0954, AUD/USD up 0.30% at 0.8983 and NZD/USD up 0.57% at 0.8143.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.38% at 84.43.

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U.S. stocks rise on Fed language; Dow rises 0.15%, breaks record

Investing.com - Investing.com - U.S. stocks rose on Wednesday after the Federal Reserve said it would likely close its bond-buying program in October but stressed benchmark interest rates would remain low for some time afterwards to ensure the economy continues to strengthen.

At the close of U.S. trading, the Dow 30 rose 0.15% to a record-high 17,156.85, the S&P 500 index rose 0.13%, while the NASDAQ Composite index rose 0.21%.

The Volatility S&P 500 index, which measures the outlook for market volatility, was down 0.86% at 12.62.

The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it would likely close its monthly bond-buying program in October.

Prior to Wednesday's policy statement, the Fed was buying $25 billion in Treasury debt and mortgage-backed securities a month to stimulate the economy, a monetary policy tool known as quantitative easing that aims to suppress long-term interest rates, boosting stock prices as a side effect.

The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting, though stocks rose on language viewed by markets as less-hawkish by some and dovish by others that reminding markets that rates won't rise until the Fed is comfortable with the economy's recovery.

"On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed and a range of labor market indicators suggests that there remains significant underutilization of labor resources," the Fed said in its statement.

"It likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored."

Markets have interpreted the phrases "considerable time" and "underutilization of labor resources" as hints that policy may remain looser for longer than expected, and stocks rose on news that borrowing costs will stay low even as the economy rises.

Leading Dow Jones Industrial Average performers included Dupont Fabros Technology Inc (NYSE:DFT), up 5.20%, Home Depot Inc (NYSE:HD), up 1.06%, and Pfizer Inc (NYSE:PFE), up 0.95%.

The Dow Jones Industrial Average's worst performers included Caterpillar Inc (NYSE:CAT), down 0.82%, Visa Inc (NYSE:V), down 0.75%, and Microsoft Corporation (NASDAQ:MSFT), down 0.52%.

European indices, meanwhile, ended the day largely higher.

After the close of European trade, the DJ Euro Stoxx 50 rose 0.54%, France's CAC 40 rose 0.50%, while Germany's DAX rose 0.30%. Meanwhile, in the U.K. the FTSE 100 fell 0.17%.

On Thursday, the U.S. is to produce a flurry of economic data, including reports on initial jobless claims, building permits, housing starts and manufacturing activity in the Philadelphia region.

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Gold prices dip in Asia as Fed rate hike prospects next year weigh

Investing.com - Investing.com - Gold prices fell further in Asia on Thursday as prospects for a Federal Reserve hike in interest rates next year weighed on investors.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,218.00 a troy ounce, down 0.49%, after hitting an overnight session low of $1,228.40 and off a high of $1,239.90.

Overnight, gold prices fell as markets digested the Federal Reserve's September statement on monetary policy, with investors questioning the dovish degree of the language.

The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it would likely close its monthly bond-buying program in October.

Prior to Wednesday's policy statement, the Fed was buying $25 billion in Treasury debt and mortgage-backed securities a month to stimulate the economy, a monetary policy tool known as quantitative easing that aims to suppress long-term interest rates.

The Fed decided earlier to trim that figure to $15 billion and will likely close it at its Oct. 28-29 meeting.

Monetary stimulus tools tend to boost gold prices, as the yellow metal serves as a hedge to lower interest rates and a weaker dollar.

Still, the Fed added it won't rush to raise interest rates due to headwinds still facing the labor market, dovish language that would otherwise support the precious metal.

Gold fell anyway, as investors bet that interest rates still remain on track to rise in 2015.

Silver for December delivery was down 0.23% at $18.493 a troy ounce. Copper futures for December delivery were flat at $3.135 a pound.

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Moneycontrol Latest News

Latest News from Moneycontrol.com http://www.moneycontrol.com Wed, 17 Sep 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/commodities/crude-surgestalkopec-cut-libya-fighting_1181128.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Crude surges on talk of OPEC cut, Libya fighting" title="Crude surges on talk of OPEC cut, Libya fighting" border="0" width="75" height="75" align=" left" hspace="5"/> Crude surges on talk of OPEC cut, Libya fighting Wed, 17 Sep 2014 00:02:00 +0530 http://www.moneycontrol.com/news/commodities/crude-surgestalkopec-cut-libya-fighting_1181128.html http://www.moneycontrol.com/news/economy/icra-pegs-tyre-industry-to-grow-at-82014-15_1180787.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/india_rubber_prices.jpg" alt="ICRA pegs tyre industry to grow at 8% in 2014-15" title="ICRA pegs tyre industry to grow at 8% in 2014-15" border="0" width="75" height="75" align=" left" hspace="5"/> The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said. Tue, 16 Sep 2014 22:38:02 +0530 http://www.moneycontrol.com/news/economy/icra-pegs-tyre-industry-to-grow-at-82014-15_1180787.html http://www.moneycontrol.com/news/business/no-plans-to-withdraw-a380operations-emirates_1180916.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/india_airbus_a380.jpg" alt="No plans to withdraw A380 from operations: Emirates" title="No plans to withdraw A380 from operations: Emirates" border="0" width="75" height="75" align=" left" hspace="5"/> "A380 (aircraft) is here to stay...We have the approvals from the authorities," Emirates vice president for India and Nepal, Essa Sulaiman Ahmad said in a response to a query. Tue, 16 Sep 2014 22:36:39 +0530 http://www.moneycontrol.com/news/business/no-plans-to-withdraw-a380operations-emirates_1180916.html http://www.moneycontrol.com/news/ipo-new-listings/momai-apparel-launches-rs-41-cr-sme-ipo_1180948.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/ipo_163270824_200_3854.jpg" alt="Momai Apparel launches Rs 41 cr SME IPO" title="Momai Apparel launches Rs 41 cr SME IPO" border="0" width="75" height="75" align=" left" hspace="5"/> The city-based company, which is a subsidiary of Ashapura Intimates Fashion, said the entire portion of the pre-IPO worth Rs 13.33 crore was closed by allotting 17,08,800 shares at Rs 78 a share. Tue, 16 Sep 2014 22:35:23 +0530 http://www.moneycontrol.com/news/ipo-new-listings/momai-apparel-launches-rs-41-cr-sme-ipo_1180948.html http://www.moneycontrol.com/news/business/voda-govt-agree-to-extend-date-for-choosing-3rd-arbitrator_1180723.html <img src="http://www.moneycontrol.com/news_image_files/2013/v/vodafone_200.jpg" alt="Voda, govt agree to extend date for choosing 3rd arbitrator" title="Voda, govt agree to extend date for choosing 3rd arbitrator" border="0" width="75" height="75" align=" left" hspace="5"/> Following arbitration notice by Vodafone in the Rs 20,000 crore tax case, the government had appointed former Chief Justice of India R C Lahoti as its arbitrator. Vodafone's arbitrator is Canadian lawyer Yves Fortier. Tue, 16 Sep 2014 22:34:21 +0530 http://www.moneycontrol.com/news/business/voda-govt-agree-to-extend-date-for-choosing-3rd-arbitrator_1180723.html http://www.moneycontrol.com/news/cnbc-tv18-comments/karnataka-woos-india-incnew-industrial-policy_1180970.html <img src="http://www.moneycontrol.com/news_image_files/2014/r/Revenue_Growth_Sectors_200_5557.jpg" alt="Poornima Murali" title="Poornima Murali" border="0" width="75" height="75" align=" left" hspace="5"/> Karnataka has a new industrial policyâ€"one that the state hopes will help it rope in investment worth Rs 5 lakh crore, and generate 15 lakh jobs in the next 5 years. Tue, 16 Sep 2014 22:18:16 +0530 http://www.moneycontrol.com/news/cnbc-tv18-comments/karnataka-woos-india-incnew-industrial-policy_1180970.html http://www.moneycontrol.com/news/announcements/chennai-petroleum-corporation-cessationdirectors_1181022.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Chennai Petroleum Corporation: Cessation of directors" title="Chennai Petroleum Corporation: Cessation of directors" border="0" width="75" height="75" align=" left" hspace="5"/> Chennai Petroleum Corporation has informed that Mr. L Sabaretnam, Independent Director and Mr. Venkatraman Srinivasan, Independent Director, have ceased to be the Independent Directors (Non-official part-time Directors) on the Board of CPCL effective September 16, 2014. Tue, 16 Sep 2014 22:08:17 +0530 http://www.moneycontrol.com/news/announcements/chennai-petroleum-corporation-cessationdirectors_1181022.html http://www.moneycontrol.com/news/announcements/indiabulls-housing-finances-declare-second-interim-dividend_1181021.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Indiabulls Housing Finance's declare second interim dividend" title="Indiabulls Housing Finance's declare second interim dividend" border="0" width="75" height="75" align=" left" hspace="5"/> Indiabulls Housing Finance at its meeting held on September 16, 2014 has declared Second Interim Dividend of Rs. 9/- per equity share (on the face value of Rs. 2 per share) for the financial year 2014-2015. Tue, 16 Sep 2014 22:08:16 +0530 http://www.moneycontrol.com/news/announcements/indiabulls-housing-finances-declare-second-interim-dividend_1181021.html http://www.moneycontrol.com/news/announcements/hil-fixes-record-date-for-interim-dividend_1181020.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="HIL: Fixes record date for interim dividend" title="HIL: Fixes record date for interim dividend" border="0" width="75" height="75" align=" left" hspace="5"/> HIL has informed that the Company has fixed September 26, 2014 as the Record Date for the purpose of payment of interim dividend. The interim dividend will be paid / warrants will be dispatched by September 30, 2014. Tue, 16 Sep 2014 22:07:48 +0530 http://www.moneycontrol.com/news/announcements/hil-fixes-record-date-for-interim-dividend_1181020.html http://www.moneycontrol.com/news/announcements/bharat-bijlees-chairman-bansi-s-mehta-resigns_1181019.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Bharat Bijlee's chairman Bansi S. Mehta resigns" title="Bharat Bijlee's chairman Bansi S. Mehta resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Bharat Bijlee has informed that Mr. Bansi S. Mehta, Chairman and Non Executive Independent Director has tendered his resignation from the Board of Directors of the Company w.e.f. September 11, 2014 vide his letter dated September 08,
2014. Tue, 16 Sep 2014 22:07:45 +0530 http://www.moneycontrol.com/news/announcements/bharat-bijlees-chairman-bansi-s-mehta-resigns_1181019.html http://www.moneycontrol.com/news/announcements/magnus-plastics-board-meetingsept-30-2014_1181018.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Magnus Plastics' board meeting on Sept 30, 2014" title="Magnus Plastics' board meeting on Sept 30, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Shree Ganesh Elastoplast board meeting will be held on September 30, 2014, to transact the authorize Mr. Bharat V. Mashruwala, Whole Time Director to file all the Statutory returns with respective authorities and Confirm the Appointment of the Auditors and to fix their remuneration for the next financial years i.e. 2014-15. Tue, 16 Sep 2014 22:07:43 +0530 http://www.moneycontrol.com/news/announcements/magnus-plastics-board-meetingsept-30-2014_1181018.html http://www.moneycontrol.com/news/announcements/westlife-developments-agmsept-26-2014_1181017.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Westlife Development's AGM on Sept 26, 2014" title="Westlife Development's AGM on Sept 26, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Westlife Development has informed that the 31st Annual General Meeting (AGM) of the Company will be held on September 26, 2014. Tue, 16 Sep 2014 22:07:42 +0530 http://www.moneycontrol.com/news/announcements/westlife-developments-agmsept-26-2014_1181017.html http://www.moneycontrol.com/news/announcements/camson-bio-technologies-board-meetingsept-24-2014_1181016.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Camson Bio Technologies' board meeting on Sept 24, 2014" title="Camson Bio Technologies' board meeting on Sept 24, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Camson Bio Technologies board meeting will be held on September 24, 2014, inter alia, to consider and approve Scheme of Arrangement (Demerger) of seed business of Camson Bio Technologies Limited to Camson Seeds Limited. Tue, 16 Sep 2014 22:07:34 +0530 http://www.moneycontrol.com/news/announcements/camson-bio-technologies-board-meetingsept-24-2014_1181016.html http://www.moneycontrol.com/news/announcements/shilpi-cable-technologies-board-meetingsept-20-2014_1181015.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Shilpi Cable Technologies' board meeting on Sept 20, 2014" title="Shilpi Cable Technologies' board meeting on Sept 20, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Shilpi Cable Technologies board meeting will be held on September 20, 2014, inter alia, to consider and approve the allotment of 4,93,16,136 equity shares as bonus issue in the proportion of 1 (One) new equity share for every 1 (One) existing fully paid up equity shares, as approved by shareholders at its 8th AGM held on September 01, 2014. Tue, 16 Sep 2014 22:07:31 +0530 http://www.moneycontrol.com/news/announcements/shilpi-cable-technologies-board-meetingsept-20-2014_1181015.html http://www.moneycontrol.com/news/announcements/cressanda-solutions-agmsept-29-2014_1181014.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Cressanda Solutions' AGM on Sept 29, 2014" title="Cressanda Solutions' AGM on Sept 29, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Cressanda Solutions has informed that the Annual General Meeting (AGM) of the Company will be held on September 29, 2014. Tue, 16 Sep 2014 22:07:27 +0530 http://www.moneycontrol.com/news/announcements/cressanda-solutions-agmsept-29-2014_1181014.html

Latest News from Moneycontrol.com http://www.moneycontrol.com Wed, 17 Sep 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/commodities/crude-surgestalkopec-cut-libya-fighting_1181128.html <img src="http://www.moneycontrol.com/news_image_files/investing2.jpg" alt="Crude surges on talk of OPEC cut, Libya fighting" title="Crude surges on talk of OPEC cut, Libya fighting" border="0" width="75" height="75" align=" left" hspace="5"/> Crude surges on talk of OPEC cut, Libya fighting Wed, 17 Sep 2014 00:02:00 +0530 http://www.moneycontrol.com/news/commodities/crude-surgestalkopec-cut-libya-fighting_1181128.html http://www.moneycontrol.com/news/economy/icra-pegs-tyre-industry-to-grow-at-82014-15_1180787.html <img src="http://www.moneycontrol.com/news_image_files/2012/i/india_rubber_prices.jpg" alt="ICRA pegs tyre industry to grow at 8% in 2014-15" title="ICRA pegs tyre industry to grow at 8% in 2014-15" border="0" width="75" height="75" align=" left" hspace="5"/> The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said. Tue, 16 Sep 2014 22:38:02 +0530 http://www.moneycontrol.com/news/economy/icra-pegs-tyre-industry-to-grow-at-82014-15_1180787.html http://www.moneycontrol.com/news/business/no-plans-to-withdraw-a380operations-emirates_1180916.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/india_airbus_a380.jpg" alt="No plans to withdraw A380 from operations: Emirates" title="No plans to withdraw A380 from operations: Emirates" border="0" width="75" height="75" align=" left" hspace="5"/> "A380 (aircraft) is here to stay...We have the approvals from the authorities," Emirates vice president for India and Nepal, Essa Sulaiman Ahmad said in a response to a query. Tue, 16 Sep 2014 22:36:39 +0530 http://www.moneycontrol.com/news/business/no-plans-to-withdraw-a380operations-emirates_1180916.html http://www.moneycontrol.com/news/ipo-new-listings/momai-apparel-launches-rs-41-cr-sme-ipo_1180948.html <img src="http://www.moneycontrol.com/news_image_files/2014/i/ipo_163270824_200_3854.jpg" alt="Momai Apparel launches Rs 41 cr SME IPO" title="Momai Apparel launches Rs 41 cr SME IPO" border="0" width="75" height="75" align=" left" hspace="5"/> The city-based company, which is a subsidiary of Ashapura Intimates Fashion, said the entire portion of the pre-IPO worth Rs 13.33 crore was closed by allotting 17,08,800 shares at Rs 78 a share. Tue, 16 Sep 2014 22:35:23 +0530 http://www.moneycontrol.com/news/ipo-new-listings/momai-apparel-launches-rs-41-cr-sme-ipo_1180948.html http://www.moneycontrol.com/news/business/voda-govt-agree-to-extend-date-for-choosing-3rd-arbitrator_1180723.html <img src="http://www.moneycontrol.com/news_image_files/2013/v/vodafone_200.jpg" alt="Voda, govt agree to extend date for choosing 3rd arbitrator" title="Voda, govt agree to extend date for choosing 3rd arbitrator" border="0" width="75" height="75" align=" left" hspace="5"/> Following arbitration notice by Vodafone in the Rs 20,000 crore tax case, the government had appointed former Chief Justice of India R C Lahoti as its arbitrator. Vodafone's arbitrator is Canadian lawyer Yves Fortier. Tue, 16 Sep 2014 22:34:21 +0530 http://www.moneycontrol.com/news/business/voda-govt-agree-to-extend-date-for-choosing-3rd-arbitrator_1180723.html http://www.moneycontrol.com/news/cnbc-tv18-comments/karnataka-woos-india-incnew-industrial-policy_1180970.html <img src="http://www.moneycontrol.com/news_image_files/2014/r/Revenue_Growth_Sectors_200_5557.jpg" alt="Poornima Murali" title="Poornima Murali" border="0" width="75" height="75" align=" left" hspace="5"/> Karnataka has a new industrial policyâ€"one that the state hopes will help it rope in investment worth Rs 5 lakh crore, and generate 15 lakh jobs in the next 5 years. Tue, 16 Sep 2014 22:18:16 +0530 http://www.moneycontrol.com/news/cnbc-tv18-comments/karnataka-woos-india-incnew-industrial-policy_1180970.html http://www.moneycontrol.com/news/announcements/chennai-petroleum-corporation-cessationdirectors_1181022.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Chennai Petroleum Corporation: Cessation of directors" title="Chennai Petroleum Corporation: Cessation of directors" border="0" width="75" height="75" align=" left" hspace="5"/> Chennai Petroleum Corporation has informed that Mr. L Sabaretnam, Independent Director and Mr. Venkatraman Srinivasan, Independent Director, have ceased to be the Independent Directors (Non-official part-time Directors) on the Board of CPCL effective September 16, 2014. Tue, 16 Sep 2014 22:08:17 +0530 http://www.moneycontrol.com/news/announcements/chennai-petroleum-corporation-cessationdirectors_1181022.html http://www.moneycontrol.com/news/announcements/indiabulls-housing-finances-declare-second-interim-dividend_1181021.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Indiabulls Housing Finance's declare second interim dividend" title="Indiabulls Housing Finance's declare second interim dividend" border="0" width="75" height="75" align=" left" hspace="5"/> Indiabulls Housing Finance at its meeting held on September 16, 2014 has declared Second Interim Dividend of Rs. 9/- per equity share (on the face value of Rs. 2 per share) for the financial year 2014-2015. Tue, 16 Sep 2014 22:08:16 +0530 http://www.moneycontrol.com/news/announcements/indiabulls-housing-finances-declare-second-interim-dividend_1181021.html http://www.moneycontrol.com/news/announcements/hil-fixes-record-date-for-interim-dividend_1181020.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="HIL: Fixes record date for interim dividend" title="HIL: Fixes record date for interim dividend" border="0" width="75" height="75" align=" left" hspace="5"/> HIL has informed that the Company has fixed September 26, 2014 as the Record Date for the purpose of payment of interim dividend. The interim dividend will be paid / warrants will be dispatched by September 30, 2014. Tue, 16 Sep 2014 22:07:48 +0530 http://www.moneycontrol.com/news/announcements/hil-fixes-record-date-for-interim-dividend_1181020.html http://www.moneycontrol.com/news/announcements/bharat-bijlees-chairman-bansi-s-mehta-resigns_1181019.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Bharat Bijlee's chairman Bansi S. Mehta resigns" title="Bharat Bijlee's chairman Bansi S. Mehta resigns" border="0" width="75" height="75" align=" left" hspace="5"/> Bharat Bijlee has informed that Mr. Bansi S. Mehta, Chairman and Non Executive Independent Director has tendered his resignation from the Board of Directors of the Company w.e.f. September 11, 2014 vide his letter dated September 08,
2014. Tue, 16 Sep 2014 22:07:45 +0530 http://www.moneycontrol.com/news/announcements/bharat-bijlees-chairman-bansi-s-mehta-resigns_1181019.html http://www.moneycontrol.com/news/announcements/magnus-plastics-board-meetingsept-30-2014_1181018.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Magnus Plastics' board meeting on Sept 30, 2014" title="Magnus Plastics' board meeting on Sept 30, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Shree Ganesh Elastoplast board meeting will be held on September 30, 2014, to transact the authorize Mr. Bharat V. Mashruwala, Whole Time Director to file all the Statutory returns with respective authorities and Confirm the Appointment of the Auditors and to fix their remuneration for the next financial years i.e. 2014-15. Tue, 16 Sep 2014 22:07:43 +0530 http://www.moneycontrol.com/news/announcements/magnus-plastics-board-meetingsept-30-2014_1181018.html http://www.moneycontrol.com/news/announcements/westlife-developments-agmsept-26-2014_1181017.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment1_190.jpg" alt="Westlife Development's AGM on Sept 26, 2014" title="Westlife Development's AGM on Sept 26, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Westlife Development has informed that the 31st Annual General Meeting (AGM) of the Company will be held on September 26, 2014. Tue, 16 Sep 2014 22:07:42 +0530 http://www.moneycontrol.com/news/announcements/westlife-developments-agmsept-26-2014_1181017.html http://www.moneycontrol.com/news/announcements/camson-bio-technologies-board-meetingsept-24-2014_1181016.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Camson Bio Technologies' board meeting on Sept 24, 2014" title="Camson Bio Technologies' board meeting on Sept 24, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Camson Bio Technologies board meeting will be held on September 24, 2014, inter alia, to consider and approve Scheme of Arrangement (Demerger) of seed business of Camson Bio Technologies Limited to Camson Seeds Limited. Tue, 16 Sep 2014 22:07:34 +0530 http://www.moneycontrol.com/news/announcements/camson-bio-technologies-board-meetingsept-24-2014_1181016.html http://www.moneycontrol.com/news/announcements/shilpi-cable-technologies-board-meetingsept-20-2014_1181015.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment_190.jpg" alt="Shilpi Cable Technologies' board meeting on Sept 20, 2014" title="Shilpi Cable Technologies' board meeting on Sept 20, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Shilpi Cable Technologies board meeting will be held on September 20, 2014, inter alia, to consider and approve the allotment of 4,93,16,136 equity shares as bonus issue in the proportion of 1 (One) new equity share for every 1 (One) existing fully paid up equity shares, as approved by shareholders at its 8th AGM held on September 01, 2014. Tue, 16 Sep 2014 22:07:31 +0530 http://www.moneycontrol.com/news/announcements/shilpi-cable-technologies-board-meetingsept-20-2014_1181015.html http://www.moneycontrol.com/news/announcements/cressanda-solutions-agmsept-29-2014_1181014.html <img src="http://www.moneycontrol.com/news_image_files/bse_corporate_announcment2.jpg" alt="Cressanda Solutions' AGM on Sept 29, 2014" title="Cressanda Solutions' AGM on Sept 29, 2014" border="0" width="75" height="75" align=" left" hspace="5"/> Cressanda Solutions has informed that the Annual General Meeting (AGM) of the Company will be held on September 29, 2014. Tue, 16 Sep 2014 22:07:27 +0530 http://www.moneycontrol.com/news/announcements/cressanda-solutions-agmsept-29-2014_1181014.html

08.10 | 0 komentar | Read More

China premier Xi Jinping's India visit: What's on agenda?

The Chinese head of state will start his visit from Ahmedabad and during the course of his stay, both nations are expected to sign several deals aimed at boosting economic relations between both the nations.

The third presidential visit by a Chinese President is all set to begin on 17th, that is Wednesday, when Xi Jinping comes to India for a 3-day visit. The Chinese head of state will start his visit from Ahmedabad and during the course of his stay, both nations are expected to sign several deals aimed at boosting economic relations between both the nations.

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Natural gas gains as U.S. weather forecasts heat up

Natural gas gains as U.S. weather forecasts heat up

Investing.com - Investing.com - Natural gas prices rose on Monday after updated weather-forecasting models called for seasonably warm temperatures across the southern U.S., which should boost demand for air conditioning.

On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.44% at $3.913 per million British thermal units during U.S. trading. The commodity hit a session low of $3.840, and a high of $3.952.

The October contract settled up 0.89% on Friday to end at $3.857 per million British thermal units.

Natural gas futures were likely to find support at $3.786 per million British thermal units, Friday's low, and resistance at $4.016, last Tuesday's high.

Updated weather forecasting models pointed to rising temperatures across most of the southern U.S. states in the next three to five days, likely boosting demand for air conditioning.

Still, prices came off earlier highs on concerns that temperatures will moderate in the coming two weeks.

"Overall, we see very comfortable weather patterns for the rest of the month, with the only real potential disruption to national prices being from a weather system around 10 days out that will affect the Midwest and Northeast with a quick couple day cool down," Natgasweather.com reported in its Monday midday update.

Reports of a pipeline explosion feeding the Henry Hub system pushed up prices as well, though gains from the incident were also seen as short-lived.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in November were up 0.27% at $91.62 a barrel, while heating oil for October delivery were up 0.13% at $2.7441 per gallon.

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08.10 | 0 komentar | Read More

Lisicki ends trophy drought with Hong Kong title

REUTERS - German top seed Sabine Lisicki recovered from a woeful start to beat Czech Karolina Pliskova 7-5 6-3 in the final of the WTA Hong Kong Open for her first title in more than three years.

The world number 31, who received a wild card to play in the $250,000 tournament, suffered two early breaks to fall behind 5-1 in the opening set but fought back to win the next six games and the set.

Lisicki continued to dominate in the second set and raced to a 4-1 lead but number three seed Pliskova, ranked 36 in the world, broke to stage a brief fightback and get the set back on serve at 3-4.

The German, who served five aces in the second set, broke Pliskova again in the eighth game and then held serve to close out the match and bag her first crown since her victory in Dallas in 2011.

It was also Lisicki's third victory in as many matches this year against the 22-year-old Pliskova, who lost her third singles final of 2014.

(Writing by Sudipto Ganguly in Mumbai; editing by Alan Baldwin)

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