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Market News

Location American Market News for 2 January 2017

Europe's True Missing Link: Economic Convergence

Wall Street Journal - 2 Jan 2017 19:43
Politics is high on the 2017 agenda for Europe. The cause lies in economics.
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Bitcoin jumps above $1,000 for first time in three years Bitcoin jumped 2.5% to $1,022 on the Europe-based Bitstamp exchange, its highest since December 2013
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Why Super Mario's Run Was Short

Wall Street Journal - 2 Jan 2017 21:47
Nintendo's long-awaited mobile game still faces the challenge of few willing to pay.
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Market roundup | IPOs hit six-year high in 2016

livemint.com - 2 Jan 2017 20:49
Market roundup | IPOs hit six-year high in 2016 In other news, non-back resources are set to dominate corporate funding in 2017 and truckers may gain from lower freight rates
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Mutual fund distributors can't offer incidental advice, asserts Sebi Advising on the right mutual fund product is the job of a trained investment adviser, who does so against a fee from investors, says Sebi official
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Wall Street Strategists Feel BetterTogether in 2017

Wall Street Journal - 2 Jan 2017 19:58
High valuations and an unpredictable president-elect leave year-end forecasts more clustered together than ever before.
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China Infrastructure Is No Silver Bullet for Commodities

Wall Street Journal - 2 Jan 2017 18:30
Spending on infrastructure in China won't fully compensate for a slowdown in housing in terms of demand for metals.
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Bajaj Hindusthan to seek shareholders' nod to sell power business Last month, Bajaj Hindusthan Sugar had announced plans to sell its co-generation power business to LPGCL for about Rs1,800 crore
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How To Invest In 2017: The 5 Best Mutual Fund Ideas What should you put on your investing shopping list in 2017? Here are the five best mutual fund ideas from investment strategists and asset managers. Driehaus Emerging Markets Small Cap Growth Fund (DRESX) By Chris Kim D...
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Core sector grows 4.9% in November

livemint.com - 2 Jan 2017 16:01
Core sector grows 4.9% in November The core sector expanded 4.9% in April-November 2016 compared to 2.5% growth in the same period last financial year
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Gold prices slip in first 2017 session

livemint.com - 2 Jan 2017 15:43
Gold prices slip in first 2017 session Gold prices slipped due to subdued demand from jewellery stockists and retailers amid absence of global cues
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These Dividends Could Get Slashed In 2017

Forbes - 2 Jan 2017 15:37
These Dividends Could Get Slashed In 2017 The S&P 500 is near record highs. The pundits see an elderly bull market with more room to run. The Federal Reserve says it will likely hike interest rates multiple times in the next 12 months. Sound familiar? It should....
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Idea Cellular to raise Rs1,000 crore via NCDs

livemint.com - 2 Jan 2017 14:35
Idea Cellular to raise Rs1,000 crore via NCDs The NCDs are proposed to be listed on NSE for a tenure of 5 years, Idea said
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Residential status is dynamic and has to be determined for each financial year Taxability in India depends on source of income and residential status
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'We are not considering an IPO; aim to have 5 million customers by 2020' Trevor Bull, managing director and chief executive officer, Aviva Life Insurance Co. India Ltd, talks of reasons behind the low intake of insurance in India while highlighting the need for higher professionalism in insur...
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Lending rates fall. What should you do?

livemint.com - 2 Jan 2017 14:34
Lending rates fall. What should you do? While MCLR-based interest rates are now among the lowest in recent years, banks have increased their spreads on the MCLR
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Did you know? You can now open your NPS account online without any paperwork If you are opening your NPS account online through Aadhaar, you don't need to submit any papers
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Mahindra Tractors' sales up 9% in December

livemint.com - 2 Jan 2017 13:39
Mahindra Tractors' sales up 9% in December Mahindra Tractors' exports during December rose by 21%
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Realty shares surge on hopes of better demand

livemint.com - 2 Jan 2017 10:40
Realty shares surge on hopes of better demand With lenders cutting rates on the back of credit sops announced by the government for the housing sector, the market has become optimistic
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Bank stocks tumble after steep SBI rate cut

livemint.com - 2 Jan 2017 09:04
Bank stocks tumble after steep SBI rate cut On Sunday, SBI cut its marginal cost of funds-based lending rate (MCLR) across all tenors by 90 bps, the steepest cut in several years
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Manufacturing contracts in December on demonetisation, but only marginally The manufacturing PMI came in at 49.6, which indicates that the contraction has been marginal
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Live: Sensex trades lower, banking stocks fall after rate cut BSE Sensex is currently trading lower by 162 points, or 0.61%, to 26,465, while the Nifty 50 rises 48 points, or 0.59%, to 8,138
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