Finance

Rift Emerges as Europe Gears Up for New Talks on Greece Bailout

ATHENS — Germany continued to maintain a hard line with Athens on Monday, just a day after Greek voters decisively rejected a bailout deal from its creditors. But some European countries showed a willingness to soften the push for austerity that has proved so contentious. The growing rift among European leaders threatens to complicate any new negotiations, as the Greek ... Read More »

Asia Pacific Market: Stocks up on Greek bailout optimism

Asia Pacific share market closed mostly higher on Tuesday, 23 June 2015, echoing gains on Wall Street and in Europe in overnight trading on growing investor optimism that Greece will eventually reach an agreement with its creditors. Market participants are optimistic about an agreement between Greece and its creditors after European leaders held an emergency summit on Monday. European leaders ... Read More »

Facebook now worth more than Wal-Mart on stock market

NEW YORK (AP) — Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market. The world’s biggest online social network knocked the world’s largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor’s 500 index on Monday and the gap widened on Tuesday. While the ... Read More »

World power sector emissions seen peaking in 2029 -research

Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday. Electricity generation worldwide is forecast to rise by 56 percent by 2040 as economies develop and populations grow, which will hit a peak in power ... Read More »

All I-T refunds to be put directly in bank accounts: CBDT

In a step that would bring delight to taxpayers, the Income Tax department has put in motion a new plan which will ensure that any refund on tax paid is safely deposited in their personal bank account as soon as it is processed and released. The department is also planning to fully adopt and use banking services to end the ... Read More »

Brexit could push global banks away from UK, warns S&P

A vote to leave the European Union could push banks away from London, as financiers choose to locate in Dublin or Paris instead, a leading ratings agency has warned. In a new report, Standard & Poor’s said that a departure from the EU would imperil the City’s status, and could see Europe’s banking center of gravity shift away from the ... Read More »

Govt to import 5,000 tonne arhar

In a bid to curb rising prices of pulses, state-owned MMTC has invited tender to import around 5,000 tonne of arhar. According to sources, MMTC has invited bids for supply of 5,000 tonne of arhar or pigeon peas but the quantity of shipment would be increased depending on the price bids. FE recently reported on the government’s decision to import ... Read More »

Japanese equities hit 18-year high

  Wednesday 04:15 BST. Japanese shares hit an 18-year high as investors remained optimistic that Greece could secure a deal to release a tranche of much-needed financial aid. The Nikkei 225 rose as much as 0.6 per cent to 20,942.1, its highest since December 1996. On Tuesday, the Japanese benchmark closed up 1.9 per cent at 20,809.4 — a peak ... Read More »

Rocket Internet wins shareholder approval to raise more cash

BERLIN (Reuters) – German e-commerce investor Rocket Internet (RKET.DE) won shareholder approval on Tuesday to raise as much as 4.5 billion euros ($5 billion) in the next five years to invest in new ventures and increase stakes in its existing start-ups. Europe’s largest Internet company, founded in 2007, is viewed as a potential launch pad for future stock market listings ... Read More »

Centre still in the throes of Lalit row

For the Narendra Modi government, the political crisis shows no signs of abating even as it mounted efforts to bring the former IPL commissioner Lalit Modi — the cause of the Bharatiya Janata Party’s current problems — to book. An unrelenting Congress forced Union Finance Minister Arun Jaitley on Tuesday to deny giving a clean chit to Dushyant Singh, son ... Read More »