Market News
Nasdaq Looks Outside China for Asian Unicorns
Wall Street Journal - 16 Mar 2016 15:13
After years of focus on China, the New York-based stock exchange is seeking more growth from other countries in the region, including India, South Korea and Japan.
It's Time for Terex to Embrace Its Chinese Suitor
Wall Street Journal - 16 Mar 2016 12:37
Investors would like it if the U.S. equipment-maker left its current deal with Finland's Konecranes and turned to China's Zoomlion.
Asian Shares Mixed, Shanghai Edges Up as Premier Li Speaks
Wall Street Journal - 16 Mar 2016 05:51
Asian shares were mixed Wednesday ahead of the U.S. central bank's interest-rate decision, with China stocks edging higher after the country's premier made upbeat comments about the economy.
Fed Won't Raise Interest Rates, Gives Timeline For Next Increases
Forbes - 16 Mar 2016 23:51
Fed Chair Janet Yellen announced the Federal Open Market Committee’s decision to keep the federal funds rate at 0.25-0.50%, unchanged from December, and gave a rough timeline for changes in the future.
Fed Reaction: Markets Embrace Fed's Dovish Tone
Forbes - 16 Mar 2016 22:35
Once again, the Federal Reserve met expectations on interest rates Wednesday afternoon, leaving the Fed funds rate in a range between 0.25% and 0.5%. But do you hear that tick, tock? The statement tied to the announcemen...
J.P. Morgan, Citi Shareholders to Vote on Potential Breakup Plans
Wall Street Journal - 16 Mar 2016 22:19
Shareholders of J.P. Morgan and Citigroup will get to vote later this year on one of the most popular questions on the campaign trail: Should the banks break up into smaller pieces?
FedEx shares pop 5% on earnings, revenue beat
CNBC - 16 Mar 2016 22:15
The shipping giant reported fiscal third-quarter earnings of $2.51 per share, adjusted, on $12.7 billion in revenue.
US Fed keeps key rates unchanged, foresees fewer hikes in 2016
livemint.com - 16 Mar 2016 22:06
Federal Reserve says US economy has continued to grow at a moderate pace but that the global economy and financial markets still pose risks
Analyst Raves About Tempur Sealy (His Former Employer)
Wall Street Journal - 16 Mar 2016 22:02
An analyst with Longbow Research arguing that Tempur Sealy is undervalued used to work there and may still be in line for additional compensation from the mattress maker.
Noteworthy Wednesday Option Activity: COTY, AGN, SHLD
Forbes - 16 Mar 2016 21:39
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Coty, Inc. (NYSE: COTY), where a total volume of 10,228 contracts has been traded thus far today, a co...
UDAY scheme bonds to pay lower interest
livemint.com - 16 Mar 2016 21:34
Rajasthan issued UDAY bonds at rate of 8.39%, less than 8.55% paid by state to raise Rs1,000 crore at an 8 March auction
Brokers Lower the Bar for Retirement Savers
Wall Street Journal - 16 Mar 2016 21:19
Some brokers are rolling out new fee-based products with lower investment minimums ahead of a proposed rule that requires them to put the interests of retirement savers ahead of their own.
FPIs shun Indian corporate bonds
livemint.com - 16 Mar 2016 21:16
Foreign holdings of Indian corporate paper have dropped Rs12,281 crore so far in 2016, according to NSDL data
SunEdison Offers Another Excuse For Its Missing Financials
Forbes - 16 Mar 2016 21:00
SunEdison now blames delayed 10-k filing on IT and accounting control issue.
Excise duty hike unlikely to affect gold jewellery demand
livemint.com - 16 Mar 2016 20:56
Gold jewellery demand could well remain steady this year, although rural purchases will depend on the monsoon rains
Buybacks Aren't What They Used to Be
Wall Street Journal - 16 Mar 2016 20:53
Investors aren't rewarding companies that deploy the biggest buybacks as much as they once did.
A grim scenario for banks' capital adequacy
livemint.com - 16 Mar 2016 20:52
Bad loans that have not been provided for make up close to one-fifth of the net worth of Indian banks
Wednesday Sector Laggards: Healthcare, Financial
Forbes - 16 Mar 2016 20:44
Looking at the sectors faring worst as of midday Wednesday, shares of Healthcare companies are underperforming other sectors, showing a 0.4% loss. Within the sector, Vertex Pharmaceuticals, Inc. (NASD: VRTX) and Allergan...
Wednesday Sector Leaders: Energy, Utilities
Forbes - 16 Mar 2016 20:43
The best performing sector as of midday Wednesday is the Energy sector, higher by 1.2%. Within that group, Williams Cos Inc (NYSE: WMB) and Chesapeake Energy Corp. (NYSE: CHK) are two large stocks leading the way, showin...
Gold Sees Solid Gains In Aftermath of Dovish FOMC Statement
Forbes - 16 Mar 2016 20:26
Gold prices were solidly higher in afternoon trading Wednesday, getting a good boost following a dovish FOMC statement.
Fed Ratchets Down Rates Forecast, Two Hikes In 2016 Not Four
Forbes - 16 Mar 2016 20:22
At their second meeting of 2016, FOMC members maintained a 0.25% to 0.5% target range for short term interest rates, and dialed back their projection for further hikes this year after raising benchmark rates a quarter ...
28 Dividend Darlings To Buy Before The Ex-Dividend Date
Forbes - 16 Mar 2016 20:09
The market volatility that started 2016 underscores the benefits of companies with lengthy streaks of annual dividend increases, a feature that enhances the compounding achieved by dividend reinvestment (DRIPs) and dolla...