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Market News

Location American Market News for 3 July 2017
NSE IPO may be delayed as Sebi wants algo-trading case resolved first NSE may have refile IPO papers with Sebi after resolving the issue where some stockbrokers allegedly got preferential access to its algorithmic trading systems
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Walgreens and Rite Aid have entered into a new agreement under which Walgreens will acquire around half (2,186) of RiteAid's stores, inventories and certain distribution assets for $5.175 billion in cash, subject to regu...
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Car Buying Stalls, Can Consumers Keep Spending?

Wall Street Journal - 3 Jul 2017 22:18
Americans are buying fewer cars. Will they buy something else?
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RBI hikes foreign investment limit in g-secs by over 4% for Jul-Sep RBI says foreign portfolio investors will be allowed to raise their investment in state development loans by Rs61 billion to Rs331 billion for September quarter
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Why Investment In Biosimilars Is Important For Pfizer Pfizer bought Hospira in 2015 to strengthen its generic drugs business, and gain a strong foothold in sterile injectables and the growing biosimilar market. It is Hospira's biosimilar pipeline that holds to the most prom...
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Central Bank of India gets shareholders nod for raising Rs6,500 crore Central Bank of India says shareholders have approved the fundraising in the annual general meeting of the bank held on 30 June
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How MetLife Spinoff Could Shine Bright

Wall Street Journal - 3 Jul 2017 19:51
When MetLife spins off Brighthouse Financial, investors will get a leveraged play on higher interest rates.
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Why Morgan Stanley Was Cautious With Plan To Return Almost $7 Billion To Shareholders Last week, Morgan Stanley announced plans to return as much as $6.8 billion to shareholders in the form of dividends and share repurchases over the next 12 months, after the Fed cleared the capital plan of all major U.S....
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Why It's So Easy to Lose Money in Bonds

Wall Street Journal - 3 Jul 2017 19:37
The tiny hints from central banks about policy normalization shook markets up last week. They were also a reminder of the highly abnormal situation bond markets find themselves in.
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Bed Bath & Beyond reported disappointing Q1 results, with both revenues and earnings falling short of consensus estimates. Quarterly comparable sales decreased approximately 2% due to a decrease in the number of transact...
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Trading in corporate bonds hits record Rs4.34 trillion in first quarter of 2017-18 The trading in corporate bonds at the National Stock Exchange and the BSE surged 66.5% to a record Rs4.34 trillion during April-June period of 2017-18
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Micron Receives A Beatdown After A Beat And Raise Micron, the cheap getting even cheaper.
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Gold, silver prices turn weak on global cues, subdued demand Following the same trajectory as silver prices, standard gold prices slide by Rs 285 to conclude at Rs 28,335 per 10 grams from last Friday's closing level of Rs 28,620
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Mindtree fixes 11 July as record date for Rs270 crore share buyback Mindtree will buy back up to 43.2 lakh shares, comprising 2.5% of the total paid up equity share capital at a price of up to Rs 625 per equity share
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Not happy with state of affairs at rating agencies: Sebi chief Ajay Tyagi Sebi chairman Ajay Tyagi says will initiate public discussion for a new set of norms for credit rating agencies within a month
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Super Mario's Maker Should Bow to Sony

Wall Street Journal - 3 Jul 2017 15:30
Whether the Nintendo Switch or Sony's PlayStation 4 is a better videogame console is a matter of debate. When it comes to their Japanese makers' share prices, Sony is clearly the better bet.
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Gold prices end with minuscule loss on tepid demand, silver prices tank In Delhi, gold of 99.9% and 99.5% purity lost Rs10 each to Rs29,400 and Rs29,250 per 10 grams, respectively
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Things that big data can tell mortgage traders about you Across the world of finance, startups are using big data to try to improve Wall Street's success with everything from consumer lending to stock trading
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What a personal loan costs you

livemint.com - 3 Jul 2017 14:47
What a personal loan costs you Here are some loan rates and other costs of the top private and public sector banks in India
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Cash holding in mutual fund schemes

livemint.com - 3 Jul 2017 14:47
Cash holding in mutual fund schemes Here is a list of different mutual fund schemes with their cash holding
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What happens to your insurance claim if you are late? Here is a look at how a claim gets delayed, and why, despite a delay, it is not so easy for an insurer to reject the claim
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Is suggesting suitability different from advising?

livemint.com - 3 Jul 2017 14:47
Is suggesting suitability different from advising? Sebi has come out with a consultation paper which says that distributors cannot advise but can do a suitability check
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