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Market News

Location American Market News for 15 February 2016

U.K. Sinha gets 1-year extension as Sebi chairman

livemint.com - 15 Feb 2016 17:18
U.K. Sinha gets 1-year extension as Sebi chairman While Sinha was initially appointed for a three-year term, he was later given a two-year extension
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Why All Indian Banks Should Be Like Baroda

Wall Street Journal - 15 Feb 2016 12:35
India's Bank of Baroda cleared the deck of bad loans, providing a cleansing jolt to its stock price.
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China Shares Open Sharply Lower

Wall Street Journal - 15 Feb 2016 05:58
China shares fell Monday, catching up with losses in markets around the world as mainland markets reopened following the lengthy Lunar New Year holiday.
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Best ways to safeguard financial identity

livemint.com - 15 Feb 2016 17:36
Best ways to safeguard financial identity Identity theft is rampant and can be difficult to detect. Follow these steps to protect your money
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Wall Street's Hidden Gem Is in Public Storage

Wall Street Journal - 15 Feb 2016 19:11
Public Storage, a real-estate investment trust, should benefit from favorable conditions when it reports fourth-quarter results on Tuesday.
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China spurs biggest yuan rally since 2005 as Zhou voices support PBoC raised its daily fixing against the greenback by 0.3%, while offshore yuan rose 0.08% to 6.5035, broadly in line with the onshore rate
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Will the Year of the Monkey bring cheer to the Sensex? Whether the rally in the Indian markets will sustain or not depends to a large extent on the currency movement by China and the Indian govt's ability to stick to the fiscal consolidation plan
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The Reality Of China's Asset-Backed Securities Market The market has been on a rapid growth trajectory in recent years.
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Asian shares mostly firm, China sets yuan higher

livemint.com - 15 Feb 2016 04:21
Asian shares mostly firm, China sets yuan higher Nikkei bounces 4.7% after worst week since 2008; China shares slip on return from long Lunar holidays
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Gold-Currency Snapshot on Presidents Day

Forbes - 15 Feb 2016 21:38
Gold-Currency Snapshot on Presidents Day Despite U.S. financial markets being closed Monday for Presidents Day, spot gold prices in different currencies showed losses across the on the day.
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How A Greek Silver Mine Discovery Is Rewriting History Archeologists in Greece have found a silver mine that may rewrite mining history during the Aegean times.
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Hedge Funds Looking For Safe Havens, Driving Speculative Gold Market - CFTC (Kitco News) - Gold continues to benefit from renewed buying interest and short covering from hedge funds and money managers, but analysts are mixed as to how long this trend can last.
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Provision coverage ratio declines sharply for most public sector banks Provision coverage ratio, a measure of the funds set aside by banks to cover bad loans, has declined steeply in the past 3 years for almost all public sector banks
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Formula E: Taking the BMW i8 out for a spin SuperCharged presenter Nicki Shields and Formula E driver Lucas di Grassi take to the Buenos Aires street circuit in the sport's official safety car.
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World's fastest-growing major economy among the lowest in industrial growth In contrast to its standing in the GDP league tables, India is far from the top in industrial growth
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Poor electricity demand continues to dog NTPC

livemint.com - 15 Feb 2016 20:22
Poor electricity demand continues to dog NTPC Utilization levels at coal-fired power plants fell 3.7 percentage points from a year ago to 78.6% in January
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ECB 'Will Not Hesitate to Act' at Next Meeting, Says Draghi

Wall Street Journal - 15 Feb 2016 19:38
The European Central Bank "will not hesitate to act" to boost its stimulus in March if it believes recent financial-market turmoil or lower oil prices could weigh further on consumer prices, ECB President Mario Draghi sa...
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China Favors Flexibility in Managing Yuan

Wall Street Journal - 15 Feb 2016 19:26
Beijing is keeping its options open on the yuan, swinging between its pledge to attach its value to the currencies of its major trading partners and, when that works against it, repegging it to the dollar.
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Oil-Price Fears Weigh on European Banks

Wall Street Journal - 15 Feb 2016 19:13
Global bank shares tumbled last week on investor fears about global growth, capital buffers and the effects of low and negative interest rates. But concern over energy-sector bankruptcies also hit the sector in Europe as...
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Bank surge puts Europe stocks on track

livemint.com - 15 Feb 2016 19:00
Bank surge puts Europe stocks on track The Stoxx Europe 600 Index climbs 3%, taking its two-day gain to 6%
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'Bonkers' new challenge for IndyCar star Franchitti Formula E may only be in its second season, but the all-electric racing series is fast attracting a global fan base.
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Govt bonds oversubscribed, FPIs bid worth Rs3,448 crore Depository data shows that total investments, including limits acquired by foreign investors through auction route, stood at `1,31,924 crore till 22 January
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