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Market News

Location American Market News for 26 May 2014

Who wants to be a billionaire?

CNN - 26 May 2014 14:10
Welcome to the club selling the luxury lifestyle at the Monaco Grand Prix.
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Euro Steady As Anti-EU Parties Rock Elections The euro dipped before recovering losses against the U.S. dollar on Monday following European Union (EU) parliamentary elections that saw several anti-EU parties make significant gains. Despite thin trading due to a holi...
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Uber, the on-demand car service sweeping major cities around the globe, now looks likely be valued at $7 billion more than analysts had thought. While just days ago investors expected to see a $10 billion valuation, the ...
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Exit plan of regional stock exchanges may drag on

livemint.com - 26 May 2014 21:05
Exit plan of regional stock exchanges may drag on A final approval from Sebi, allowing regional exchanges to shut, will be subject to the payment of all the outstanding dues
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Indian equities at a premium to EM index, but not yet expensive Sensex trading at one-year forward P/E of 15.6 times, which is at 38.6% premium to the MSCI Emerging Markets Index, according to Bloomberg estimates
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Easier liquidity lowers borrowing costs for govt, corporate firms RBI move to purchase dollars to prevent rupee from strengthening has increased the supply of cash in financial system
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Lower volumes, additional subsidy impact GAIL's results A weak outlook on the gas transmission volumes and an expected gas price hike will ensure valuations are in check
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Hunter-Reay conquers the Brickyard

CNN - 26 May 2014 17:09
Ryan Hunter-Reay won the Indy 500 on Sunday, holding off three-time champion Helio Castroneves at the finish line.
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Overseas business profile improves to boost Motherson performance The international units posted a 32% growth in sales, boosting March quarter performance
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De-jargoned: Bull market

livemint.com - 26 May 2014 16:40
De-jargoned: Bull market When share prices are rising and are expected to rise further, it is termed as a bull market
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Do you need a critical illness plan?

livemint.com - 26 May 2014 16:40
Do you need a critical illness plan? Health insurance plans that pay a lump sum work well as a to supplement basic mediclaim policies
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Can a new owner revive MCX's fortunes?

livemint.com - 26 May 2014 16:39
Can a new owner revive MCX's fortunes? It's unlikely that a new owner will be able to trigger a significant jump in volumes
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Alternative asset is a risky class

livemint.com - 26 May 2014 16:39
Alternative asset is a risky class It is generally viewed to be less liquid than regular assets
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India Cements posts lower-than-estimated numbers

livemint.com - 26 May 2014 15:54
India Cements posts lower-than-estimated numbers The outlook for the company depends on demand recovering in the South
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Morgan Stanley sees return of retail investors

livemint.com - 26 May 2014 15:45
Morgan Stanley sees return of retail investors Retail investors could become net buyers soon from being net sellers for long, Morgan Stanley said in a report
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Indian bonds decline as yield at four-month low deters buyers The yield on the 8.83% securities due November 2023 climbed four basis points to 8.68%
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Rand leads major-currency drop as Zuma replaces finance minister The rand snapped three days of gains, weakening 0.5% to 10.35 per dollar, the most among 16 major currencies
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Rupee's rise may hit IT sector earnings: analysts

livemint.com - 26 May 2014 12:27
Rupee's rise may hit IT sector earnings: analysts Strengthening rupee is expected to hit exports in a sector that benefits from sales to the US and Europe
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SBI shares extend gains as brokers raise target price after earnings Shares gain as much as 3%, adding to Friday's 9.6% jump, after earlier hitting their highest level since April 2011
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Sun Pharma climbs 4% after court removes stay on Ranbaxy purchase Sun Pharma shares head for their biggest gain since 9 April, to Rs607.25 apiece
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Junk threat recedes as Narendra Modi seen spurring economy The strongest electoral mandate in three decades is fuelling optimism that Modi-led govt will avert a junk debt rating
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Sensex rises 245 points ahead of Narendra Modi's swearing-in ceremony The BSE capital goods and metal indices gained 1.46% and 1.26%, respectively
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