Market News
Cryptocurrency boom turns into bust as skepticism rises
livemint.com - 12 Jul 2017 09:22Sebi may let AIFs, QIBs buy security receipts
livemint.com - 13 Jul 2017 01:39
Sebi is working with RBI to sort out issues around the budget proposal to make security receipts tradable on stock exchanges to increase capital flows and solve bad loan issues
The Mystery Behind OPEC's Meeting With Shale Oil Producers
Forbes - 13 Jul 2017 00:47
The OPEC leader admits the cartel has been meeting with unknown shale oil producers. Several questions must be answered.
Price Increases Boosting PepsiCo
Forbes - 12 Jul 2017 22:58
Increased prices of its snacks and beverages helped PepsiCo beat consensus estimates on earnings per share and revenue in its recent second quarter earnings announcement.
Abercrombie's Stock Plummets As Merger Talks Fail
Forbes - 12 Jul 2017 22:48
Abercrombie's stock tanked after it announced that it is no longer exploring a sale.
IPO Growth Helps U.S. Banks Increase Global Equity Underwriting Market Share
Forbes - 12 Jul 2017 22:48
As U.S. equity issuances recover from the slump witnessed over most of 2016, the country's largest banks have seen their fortunes in the equity capital market improve over the last two quarters - helping them secure a 36...
Morgan Stanley Claims Top Spot In Global Equity Underwriting For Q2
Forbes - 12 Jul 2017 22:30
Global equity capital markets retained their growth trajectory in Q2, as improving market conditions led companies around the globe to raise more than $207 billion through IPOs and FPOs for the period
Market round-up: Healthcare, EM exposure buoy hedge funds gains
livemint.com - 12 Jul 2017 22:22
In other news, Increase in acreage of kharif crops; major ports handled more cargo in June quarter
Yellen's Wish May Not Come True
Wall Street Journal - 12 Jul 2017 21:27
The Federal Reserve expects to raise rates gradually. If the unemployment rate keeps falling, that plan might not hold up.
One Google Fine Tossed Out By The French Court, One More To Go
Forbes - 12 Jul 2017 21:24
Google's big tax win in France could mean a lot for techland's biggest companies
Barclays Underwrote More Equity Deals Than Any Other European Bank In Q2
Forbes - 12 Jul 2017 21:22
The four largest European investment banks reported an overall strong showing for Q2 thanks to improving market conditions. However, their U.S. rivals ate into their market share for the period - reducing the combined ma...
A Top Manager's Take On The News Driving Tesla
Forbes - 12 Jul 2017 21:14
Tesla recently plummeted as news of the company's production shortfall shook the market's faith in Elon Musk's promise to ramp up production. Additional news from the Insurance Institute for Highway Safety and Volvo have...
RBI keeping a close watch on cryptocurrencies: Urjit Patel
livemint.com - 12 Jul 2017 20:50
RBI governor Urjit Patel reportedly told the Parliamentary panel that an inter-disciplinary committee has been formed to discuss the legality of cryptocurrencies
US stocks, bonds jump on Fed chief Janet Yellen's remarks; oil climbs
livemint.com - 12 Jul 2017 20:39Salasar Techno Engineering IPO oversubscribed 1.55 times on Day 1
livemint.com - 12 Jul 2017 20:09
The Salasar Techno Engineering IPO received bids for 51,47,250 shares against the total issue size of 33,21,000 shares
Expecting More Fireworks in Puma Biotechnology Stock
Profit Confidential - 12 Jul 2017 19:14
PBYI Stock: Setting up to Stage an Advance Puma Biotechnology Inc (NYSE:PBYI) stock staged quite an advance in May 2017 as investors' concerns about poor earnings results were cast away after some positive news. The U.S....
Sebi lifts ban on chana futures, NCDEX to launch contracts
livemint.com - 12 Jul 2017 18:58
Sebi has lifted the ban on futures trading in chana to ensure better price realisation for farmers
Why This Billionaire Just Bought $16M Of His Own Business
Forbes - 12 Jul 2017 18:53
Liberty Global Latin America (LILAK) is up 14% after billionaire CEO John Malone bought $16.3M of the stock in the open market. Fund manager and telecom expert Nitin Sacheti explains the situation, and why the stock stil...
Pot Law Leads to Nevada Marijuana State of Emergency
Profit Confidential - 12 Jul 2017 18:14
Nevada Marijuana Hits a Snag It's only been just over a week since Nevada legalized recreational marijuana, and the state is already close to declaring a state of emergency. No, this isn't the result of "reefer madness"-...
Gig Workers Pose Danger to Consumer Lending Boom
Wall Street Journal - 12 Jul 2017 17:40
When banking regulators stress test bank's consumer loans, they look for rises in unemployment. In the gig economy, this is no longer likely to be as good a guide.
Industrial output growth slumps to 1.7% in May
livemint.com - 12 Jul 2017 17:19
Industrial output growth slumped to 1.7% in May from 8% a year ago, and it may put pressure on the RBI to cut interest rate in its policy next month
Gold prices rise on firm global cues
livemint.com - 12 Jul 2017 17:07
Standard gold prices rose by Rs135 to close at Rs27,895 per 10 grams from Tuesday's closing level