Infosys Drags Down Indian Shares

BENGALURU, April 17 Reuters Indian shares sank more than 1 on Monday after Infosys tumbled 15 and sparked a selloff in IT stocks following the country39;s No. 2 IT services exporter39;s weak results and forecast. The Nifty 50 was down 1.04 at 17,644.70 as of 1031 a.m. IST, while the SP BSE Sensex lost 1.20 to 59,716.18. […]
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Infosys Tumbles 15 on Weak Revenue Outlook, Dents Sector

BENGALURU, April 17 Reuters Shares of Infosys Ltd slumped nearly 15 on Monday, dragging peers and the benchmark index, after the company39;s dismal revenue outlook raised concerns about demand for Indian IT services amid a global banking turmoil and recession fears. Infosys39; outlook last week followed a disappointing quarterly report from larger rival Tata Consultancy Services Ltd, […]
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Turkish Budget Deficit Widens in March after Quakes

ISTANBUL, April 17 Reuters Turkey39;s central government budget recorded a deficit of 47.22 billion lira 2.46 billion in March, the Finance Ministry said on Monday, while the cumulative deficit for 2023 so far widened to 250 billion lira, mainly due to devastating earthquakes. The primary balance, which excludes interest payments, logged a deficit of 2.15 […]
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Australia nears WideRanging Shake Up of its Central Bank

SYDNEY, April 17 Reuters Australia39;s Treasurer on Monday said he was close to announcing details of a wideranging review into the country39;s central bank which would require legal changes for some steps, underlining the scope of the shakeup. Treasurer Jim Chalmers said the independent review had provided 51 recommendations for changing how the Reserve Bank […]
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Oil Steady as Market awaits China GDP Data

SINGAPORE, April 17 Reuters Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world39;s secondlargest oil consumer. Brent crude futures nudged 7 cents lower to 86.24 a barrel by 0746 GMT, while U.S. West Texas Intermediate crude was at 82.47 a barrel, down 6 cents. […]
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U.S Retail Sales Fall, Consumers Expect High Prices

PREVIOUS TRADING DAY EVENTS 14 April 2023 Announcements  The Retail Sales changes for March were released on the 14th of April at 1530, showing a fall for the second month. This signals that household spending is now decreasing as Americans face high inflation and rising borrowing costs. Sales fell more than the expected 0.4 decline. […]
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