Business

Stock Market Update: Sensex Closes Over 200 Points Up, Nifty at 16,496; IT stocks gain

Amid the volatile session, the Indian markets on Monday ended in positive territory. The 30-pack Sensex ended up at 55,555.79, up 226.47 points or 0.41 per cent and the broad market Nifty50 ended at 16,496.50, up 46 points or 0.28 per cent. During the entire session, it touched a high of 55,781.17 and a low […]

Business

Investors see no speed bump in Fed’s Jackson Hole event

Despite weeks of anticipation, investors have lowered their expectations for Friday’s Jackson Hole event, saying that U.S. Federal Reserve Chair Jerome Powell has little reason to rock the boat. Some market-watchers had seen the conference as a potentially key moment when Powell could give hints about tapering the Fed’s $120 billion in monthly asset purchases […]

Business

Barclays bets on India again with $400 mln infusion for banking, wealth businesses

Barclays (BARC.L) said on Thursday it is pumping in more than $400 million into its India arm to tap rising corporate and investment banking activity in the country that is now recovering from the pandemic. This is Barclays’ single largest capital infusion in its Indian business in the last three decades. It comes after the […]

Business

S.Africa’s Woolworths restores dividend as profit jumps

South African retailer Woolworths Holdings (WHLJ.J) resumed dividend payouts on Thursday after its annual profit surged and the sale of some Australian properties helped it to cut its debt. The clothing, food and homeware retailer had been renegotiating leases, reducing capital expenditure and cutting costs to help bolster its balance sheet. It has also sold […]

Business

Fed’s Powell likely to give few hints on bond-buying taper timeline

Federal Reserve Chair Jerome Powell’s highly anticipated speech to the Jackson Hole economic conference on Friday will likely offer few new hints about when the U.S. central bank may start reducing its massive asset purchases, analysts said. But Powell could tackle the sensitive task of explaining why tapering the $120 billion in monthly purchases of […]

Business

Growth in China’s home prices set to slow in 2021 on policy curbs

Growth in China’s home prices is expected to slow more than initially expected this year, as more cities implement curbs to stabilise their real estate markets and banks maintain tight credit quotas for developers. Authorities have stepped up measures to rein in China’s red-hot property market this year, including caps on banks’ lending to the […]

Business

Australia’s Crown Resorts appoints Ziggy Switkowski as chairman

Australia’s Crown Resorts Ltd (CWN.AX) said on Thursday it had appointed Ziggy Switkowski as chairman to succeed Helen Coonan as a broader inquiry that could see the casino operator lose its licences nears an end. Switkowski, currently non-executive chairman at broadband provider NBN Co after a string of roles at different telcos, will join Crown […]