Traders work on the floor of the New York Stock Exchange. Associated Press
Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
Global stock markets rose on Friday after JP Morgan›s results kicked off the US corporate earnings season in style, while signs of stabilisation in China›s economy also helped riskier assets on views the growth outlook worldwide is better than thought.
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
The Abu Dhabi Securities Exchange (ADX), region’s leading financial market, recently hosted the French Business Group delegation during which the operational framework, vision, mission, and investment opportunities at ADX were highlighted. Abdul Aziz Al Neaimi, Assistant Chief Executive of ADX,
It was a stark warning about the risks ahead for the global economy, even by the forthright standards of the boss of the Organisation for Economic Co-operation and Development (OECD).
Nasher, the UAE’s first website dedicated to all matters related to the publishing industry, organised a Ramadan panel discussion ‘UAE Youth and Investment in the Publishing Sector’, to discuss the reality of publishing industry and the key role of Sharjah Publishing City Free Zone (SPCFZ) in supporting this sector.
Prime Minister of Mali, Boubou Cisse, has been briefed on the role played Khalifa Fund for Enterprise Development in ramping up the SMEs sector in the country. This came as the African premier and his accompanying delegation visited the Fund’s premises Thursday
China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone