BENGALURU, Aug 18 Reuters Indian shares posted their longest weekly losing streak since May 2022 on Friday, dragged by IT stocks, as concerns over U.S. interest rates and China39;s flagging economic recovery dampened risk appetite. Both the blue chips Nifty 50 and Sensex declined for a fourth consecutive week. The Nifty 50 has lost 3.4 since hitting […]

SHANGHAI, Aug 18 Reuters China39;s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains sluggish. The China Securities Regulatory Commission CSRC proposed steps including cutting trading costs, supporting share buybacks and encouraging longterm investment […]

U.S. bonds steadier after sell off Dollar set for fifth winning week, bitcoin falls Investors wait for Fed steer from Jackson Hole Japan core inflation eases, unlikely to move BOJ LONDON, Aug 18 Reuters Global shares were stuck around twomonth lows on Friday, capping a week when bond investors became more convinced that interest rates […]

LONDON, Aug 18 Reuters The dollar hovered around a twomonth high on Friday, set for a fifth consecutive week of gains in the longest winning streak for 15 months, buoyed by demand for safer assets on worries over China39;s economy and bets U.S. interest rates will stay high. The People39;s Bank of China PBOC set […]

MUMBAI, Aug 18 Reuters The Indian rupee ended stronger on Friday, aided by the softness in U.S. treasury yields and some easing in the dollar after concerns of U.S. interest rates staying higher for longer pushed the local unit towards a record low earlier in the week. The rupee closed at 83.1025 against the U.S. […]

Aug 18 Reuters Shares of Farfetch slumped nearly 40 to a record low on Friday, as choppy demand in the online luxury goods retailer39;s top two markets, the United States and China, drove a gloomy annual sales outlook. Farfetch also missed revenue estimates in what analysts called a very disappointing secondquarter earnings report, taking a hit […]

BENGALURU, Aug 18 Reuters Shares of India39;s Concord Biotech climbed as much as 33.3 in their market debut on Friday, valuing the biopharma company at more than 103 billion rupees 1.24 billion. The Ahmedabad, Gujaratbased company opened at 900.05 rupees, a 21 premium compared with its initial public offer IPO price of 741 rupees. It stayed […]

Aug 17 Reuters Semiconductor equipment maker Applied Materials on Thursday forecast its fourthquarter profit would be substantially higher than analyst estimates, as chip demand picks up and governments spend billions on subsidies. Shares jumped 1.9 in extended trading after the company also posted betterthanexpected thirdquarter earnings. Governments across the globe have given billions of dollars in […]

PREVIOUS TRADING DAY EVENTS 17 August 2023 The number of Americans filing new claims for unemployment benefits fell last week. The fall was about 11K which is not considered very high, however, it shows that the labour market is hot and refuses to get much affected by the recent Fed policy.  Other data reported this […]