Finance

Manali Petrochemicals stock gains 9% on Tamil Nadu Pollution Control nod

ALSO READ: Here is why Dr Reddy’s shares tanked 13 per cent in two days “With the TNPCB nod, now the utilization of the plants is being restored to the earlier levels,” said the company in a filing to BSE. The company will declare its June quarter earnings on August 04, 2016 Shares of Manali Petrochemicals rallied nearly 9 per ... Read More »

Asian Paints shares hit record high after stellar June quarter results

Shares of Asian Paints jumped over 8 per cent to a record high in trade on Thursday after India’s largest paint maker reported an 18.46 per cent increase in consolidated net profit at Rs 552.56 crore in the June quarter. The stock hit an intraday high of Rs 1152.65, up 8.55 per cent, its biggest intraday percent gain since September ... Read More »

As IPO market improves, will Spotify be the next big name to go public?

NYSE president Tom Farley (R) celebrates with Japan’s Line Corp. CFO In Joon Hwang (2nd L) and Chief Global Officer Jungho Shin (middle) and Chief Strategy and Marketing Officer Jun Masuda (2nd R) during the company’s IPO on the floor of the New York Stock Exchange, July 14, 2016. AdvancePierre Food Holdings capped a good week for the IPO markets. ... Read More »

I’m going to make a 400% profit on gold—here’s how: Trader

The gold rally is over, here’s how to cash in: TraderThursday, 7 Jul 2016 | 1:36 PM ET|02:12 ‹ 02:12 The gold rally is over, here’s how to cash in:Trader07/07/16 1:36 PM ET 02:50 The obscure investment that could be the best pick now07/07/16 3:27 PM ET 02:23 Has gold become the anti-central bank trade07/07/16 3:29 PM ET 02:01 Losses ... Read More »

Europe’s ‘next domino to fall’ is teetering: Strategist

Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an ... Read More »

Here’s,what’s,behind,gold’s,crazy,post-jobs,volatility

Gold had a hard time making up its mind about Friday’s jobs report. In the 20 minutes before the number came out, gold futures first rose about $10, before promptly giving up those gains. At the second before the number was released at 8:30 a.m. EDT, gold was sitting at $1,356.5 per troy ounce. On the initial news that the ... Read More »

Negative rates leading to ‘day of reckoning’ fear on Wall Street

The reason anyone would buy negative-yielding debt is actually pretty simple: Because they have to. They are central bankers looking to help promote economic growth. They are insurance companies, pension funds and money managers who have to match liabilities with assets. They are not, by and large, retail investors who are so afraid of risk that they’re willing to pay ... Read More »

Big bank investors need to keep an eye on this metric, analyst says

With second-quarter earnings season on the horizon for major U.S. banks, investors should keep an eye on fixed income trading operations, Jeff Harte, a Sandler O’Neill analyst, said Monday. “The credit markets have been a lot more favorable and that is really what hurt first quarter. I mean, we are probably a little ahead of consensus for the quarter, but ... Read More »

June jobs report: Will it put an end to recession fears?

Will the jobs report shock?Thursday, 7 Jul 2016 | 5:00 PM ET|04:34 The best of times may be over for now for job seekers, even though June’s critical employment report should show a substantial spring back in hiring, and the labor market remains fairly strong. Friday’s employment report is expected to show a rebound to 175,000 nonfarm payrolls, from May’s ... Read More »

More to oil’s wild moves than meets the eye

Oil markets have closed out a wild day. The EIA put out its (delayed) weekly inventory levels, and to make a long story short, there was a draw-down in oil inventories, but it was much less than most expected. Gasoline inventories barely budged. The oil market reaction? West Texas Intermediate (WTI) oil went from roughly $48 to $45, a drop ... Read More »