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Market News

Location American Market News for 23 May 2018

How much tax do you pay on your bond investments?

livemint.com - 23 May 2018 04:52
How much tax do you pay on your bond investments? Some types of bonds offer taxation benefits, while some have coupon rates higher than fixed deposit rates. But before investing in them, take a look at the taxes that may apply
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Gunit Chadha's APAC in talks to raise funds from Multiples APAC Financial is in early discussions to raise funds to fund its NBFC and housing finance business
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Investcorp close to acquiring IDFC's realty, PE business Gulf investment firm Investcorp to focus more on real estate after acquisition of IDFC Alternatives PE and RE funds
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Barclays-Standard Chartered? I Can't Even...

Wall Street Journal - 23 May 2018 16:49
A merger between U.K.-based banks Barclays and Standard Chartered, as reported in British media, would be a massive strategic U-turn for both lenders.
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Why the Property Industry Isn't Buying WeWork

Wall Street Journal - 23 May 2018 16:06
WeWork has convinced tech investors that short-term office rentals are the next big thing, and well worth a high price. Savvy real-estate investors also like that business, but not at WeWork's valuation.
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Foxconn unit to raise $4.2 billion in China IPO

livemint.com - 23 May 2018 15:13
Foxconn unit to raise $4.2 billion in China IPO Foxconn, which makes cloud service equipment and industrial robots, will float 10% of its total shares, according to a prospectus filed with the Shanghai stock exchange
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Ralph Lauren reported a higher-than-expected quarterly profit, as the luxury apparel maker's move to pull products off department store shelves and sell more products at full-price boosted margins.
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Nordstrom's recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank.
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What Is Happening to Global Growth?

Wall Street Journal - 23 May 2018 14:36
The soft patch in the global economy is looking more soft and less like a patch.
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Visit company websites for changes in mutual fund schemes The best place to find the news about name, category and other changes of mutual fund is the website of the companies themselves
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Tiffany reported better-than-expected first quarter comparable store sales on Wednesday.
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Target's sales of nonseasonal products like food and beverages helped buffer the impact of the weather.
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U.S. home improvement retailer Lowe's missed analysts' forecasts for quarterly same-store sales on Wednesday as an uncharacteristically long winter hit demand.
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Shop around for higher interest rate on fixed deposits Interest earned on fixed deposits, or FD, is taxable based on your income slab rate. Hence, do factor in tax before investing
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Hewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday.
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Number of billionaires in India to rise 3 times by 2027: Report India currently has 119 billionaires, the third highest after the US and China, and this number is expected to swell to 357 by 2027, according to a AfrAsia Bank report
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HPCL Q4 profit dips 4% on lower refining margin

livemint.com - 23 May 2018 10:39
HPCL Q4 profit dips 4% on lower refining margin HPCL earned $7.07 on turning every barrel of crude oil into fuel in the fourth quarter as compared to a gross refining margin of $7.99 per barrel a year ago
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SBI shares jump to 12-week high on recovery forecast

livemint.com - 23 May 2018 09:36
SBI shares jump to 12-week high on recovery forecast SBI shares rise more than 6% to a 12-week high after the bank projects a recovery over the next two years following a record quarterly loss
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Planning a foreign vacation? Let your pocket guide the GPS If you are planning to go to an international destination, this year try out Turkey or Indonesia--you are likely to get more out of your rupee against lira and rupiah
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NSE issues show cause notice to UB Holdings, 15 others for delisting of shares Similar notice was issued to 15 other companies, including NEPC India, Net 4 India, Orbit Corp, REI Six Ten Retail, Shree Ganesh Jewellery House and REI Agro
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Higher oil price negative for India, but not a big one, says HSBC's Hitendra Dave HSBC's Hitendra Dave also said concerns on the rupee touching 68 per dollar is unfounded as current account deficit is just 2% of GDP
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Vedanta shares drop 6% after Sterlite protests in Tamil Nadu Vedanta shares fall to their lowest since 5 July 2017, after at least nine people were killed in Tamil Nadu when police fired at protesters calling for the closure of Vedanta's Sterlite Copper unit
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