The World Health Organization has made an official request to China to provide detailed information on an increase in respiratory illnesses and reported clusters of pneumonia among children in that country. WHO said in a statement Wednesday that authorities from China’s National Health Commission reported an increase in incidence of respiratory diseases at a press conference last week. Chinese authorities […]

German conglomerate Siemens AG reported Thursday sharply lower profit in its fourth quarter, while revenue was benefited by strong performance in all industrial businesses. The firm also announced higher dividend, and said it projects comparable sales growth in fiscal 2024, however, slower than last year. The shares were gaining around 6 percent in the morning trading in Germany. Roland Busch, […]

Stocks have moved mostly higher during trading on Wednesday, extending the substantial upward move seen in the previous session. The Dow and the S&P 500 have once again set new two-month highs, while the tech-heavy Nasdaq has reached its best intraday level in well over three months. Currently, the major averages are just off their highs of the session. The […]

Stocks moved sharply early in the session on Tuesday and continue to turn in a strong performance in afternoon trading. The major averages are holding on to substantial gains after reaching their best intraday levels in two months. The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 505.13 points or […]

Global market sentiment was broadly of caution ahead of the crucial CPI data release from the U.S. Markets expect the headline inflation to decline and the core component that excludes the volatile food and energy prices, to remain steady. Wall Street Futures are trading with mild gains. European benchmarks are trading mostly higher amidst data showing Eurozone investor morale beat […]

After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Thursday. The major averages have slid more firmly into negative territory after spending much of the day bouncing back and forth across the unchanged line. Currently, the major averages are off their worst levels but still in […]

The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on Nov­ember 14 aged 75, is the stuff of movies – of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk […]

While the major index futures are currently pointing to a roughly flat open on Wall Street, early trading may be driven by reaction to remarks by Federal Reserve Chair Jerome Powell. Powell is scheduled to deliver opening remarks at the Division of Research and Statistics Centennial Conference just before the start of trading. Traders are likely to pay close attention […]

The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins. Most commodity traders are betting […]

The stock of State Bank of India (SBI) may re-rate soon, believe analysts, if the lender manages to safeguard its net interest margin (NIM) going ahead. This, along with controlled credit costs, should aid the outlook of the stock which has been underperforming the markets for some time now. “We believe delivery of growth on guided lines, sustenance of NIMs […]