Nri Communication

 
News Topics
bussiness economy
Personal Technology
NDTV PHOTOS
NDTV RSS Test
STock Market
Property Education
Personal Finance
Sports
New News
Entertainment
Portal and SEO
Latest News
STock Market 

(27-04-2011)
  • China to inspect brokerages over margin trade: report

    Earlier in January 2015, China's benchmark Shanghai Composite Index crashed 7.70%, its biggest one-day fall since June 2008China will investigate nearly 50 securities firms for possible irregularities in margin trading, the official Xinhua news agency reported, a practice that has fuelled a spectacular stock market rally. Market watchdog the China Securities Regulatory Commission (CSRC) will launch an "on-site inspection" of 46 brokerage firms that lend funds to investors to trade stocks, Xinhua said late Wednesday. The CSRC has not confirmed the move. Earlier this month China's benchmark Shanghai Composite Index crashed 7.70 percent, its biggest one-day fall since June 2008, after the regulator announced it had punished 12 brokerages following an earlier inspection.


    More

  • Asia stocks sunk by oil plunge, Fed rate hike plan reminder

    Trader Jonathan Niles, center, works on the floor of the New York Stock Exchange Wednesday, Jan. 28, 2015. U.S. stocks moved higher in early trading Wednesday after very strong earnings from Apple and Boeing. (AP Photo/Richard Drew)TOKYO (AP) — Asian stock markets sank Thursday after plunging oil prices and the Federal Reserve's reminder it is still on track to raise interest rates this year led to a dismal day on Wall Street. The release of weaker-than-expected retail sales figures in Japan was another reason for gloom.


    More

  • Shanghai, Hong Kong shares fall as China launches new probe into margin trading
    By Kazunori Takada and Sue-Lin Wong SHANGHAI (Reuters) - China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system. The regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said. Sources had told Reuters on Wednesday that regulators were renewing their investigations into margin trading, which hit record highs this week as more investors pile into the sizzling rally. Chinese banks' bad debt ratios are already at five-year highs and a sudden correction in the stock market could exposure them to significant additional risks.More

  • Facebook tops Wall Street revenue target in 4th quarter

    Electronic cables are silhouetted next to the logo of Facebook in this illustration photo in SarajevoBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales. Facebook shares fell about 2.6 percent in after-hours trade after vacillating above and below the closing price. Facebook's business has boomed thanks to its mobile ads for smartphones and tablets. Its success contrasts with other established Internet companies such as Google Inc and Yahoo Inc, which have struggled as advertisers shift more and more to mobile devices from personal computers.


    More

  • Facebook's new challenge: sell Wall Street on spending

    A portrait of the Facebook logo in VenturaBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's big spending plans are facing a tough reception on Wall Street. Facebook shares fell about 2 percent in after-hours trading on Wednesday, after the company beat Wall Street's fourth-quarter revenue target and discussed aggressive 2015 spending plans. "Expectations for Facebook are already very high and perhaps some commentary around aggressive investments can spook investors a bit," said Colin Sebastian, a Robert W. Baird & Co analyst. Facebook said on Wednesday that 2015 capital expenditures will range from $2.7 billion to $3.2 billion, a sharp increase from $1.83 billion in 2014.


    More

  • Facebook tops Wall Street revenue target in fourth quarter

    A Facebook logo reflected in the eye of a woman is seen in this picture illustrationFacebook Inc's (FB.O) revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales. Facebook shares fell about 2.6 percent in after-hours trade after vacillating above and below the closing price. Facebook's business has boomed thanks to its mobile ads for smartphones and tablets. Its success contrasts with other established Internet companies such as Google Inc (GOOGL.O) and Yahoo Inc (YHOO.O), which have struggled as advertisers shift more and more to mobile devices from personal computers.


    More

  • S&P close to $1.37B deal over risky mortgage bond ratings

    FILE - This Oct. 9, 2011, file photo shows Standard & Poor's rating agency in New York. Standard & Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. (AP Photo/Henny Ray Abrams, File)WASHINGTON (AP) — Standard & Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.


    More

  • How the Dow Jones industrial average fared Wednesday
    The U.S. stock market ended lower on Wednesday as investors weighed the latest policy statement from the Federal Reserve and the implications of oil prices sinking to the lowest level in nearly six years. ...More

  • Wall Street ends lower after Fed statement, oil drop

    Traders work on the floor of the New York Stock ExchangeBy Sinead Carew NEW YORK (Reuters) - U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. While many market participants said they were unsurprised by the Fed comments, Stephen Massocca, Chief Investment Officer of Wedbush Equity Management LLC in San Francisco said the Fed's language looked slightly stronger in support of a rate hike. The Dow Jones industrial average fell 195.84 points, or 1.13 percent, to 17,191.37, the S&P 500 lost 27.39 points, or 1.35 percent, to 2,002.16 and the Nasdaq Composite dropped 43.50 points, or 0.93 percent, to 4,637.99. The S&P energy sector finished down 3.9 percent as U.S. crude futures tumbled more than 4 percent to $44.31 per barrel.


    More

  • Petrobras reports earnings without graft writedowns despite delays

    A view is seen of the Petrobras headquarter in Rio de JaneiroBy Jeb Blount and Marta Nogueira RIO DE JANEIRO (Reuters) - Brazil's Petrobras released delayed unaudited third-quarter results on Wednesday, but the state-run oil company's shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal. Petroleo Brasileiro SA , as Petrobras is formally known, reported quarterly net profit slid 9.1 percent from the year-ago period to 3.09 billion reais (791 million pounds). It postponed an initial plan to publish the results in November after a stream of corruption allegations snowballed into a nationwide scandal. The much-anticipated results, however, did not include what investors most want to know: a rough estimate of how badly corruption over-valued the company's assets.


    More

  • US stocks slump as another dip in oil drags down the market
    The U.S. stock market is slumping at the close as oil falls to its lowest level in nearly six years. The Dow Jones industrial average fell 195 points, or 1.1 percent, to close at 17,191 Wednesday, near ...More

  • Apple takes high road in China smartphone standoff with Xiaomi
    (Repeats story published on Wednesday, with no changes to text) By Adam Jourdan SHANGHAI, Jan 28 (Reuters) - Apple Inc is steering clear of Chinese rival Xiaomi Inc's low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the fast-growing No.3 global smartphone maker. The U.S. firm's quarterly results smashed Wall Street expectations with record iPhone sales in the holiday season and a 70 percent rise in China, powering the company to the largest profit in corporate history. "In the long run Xiaomi is more of a threat to Apple than say Samsung," said Ben Thompson, analyst at Stratechery.com. "But the way Apple fights that is to further differentiate, not by trying to compete on Xiaomi's turf, which is low cost." Instead, Apple plans to roll out around 20 new China stores by 2016, likely located in glitzy locations and rubbing shoulders with outlets for luxury brands such as Chanel and Hermes International SCA.More

  • Fed to extend reverse repo tests through end of Q1
    The U.S. Federal Reserve will extend its testing of the term reverse repurchase program, a new tool it hopes will help control short-term interest rates when the time comes to tighten monetary policy. The New York Fed said it would conduct a series of so-called term RRP operations from mid-February to early March, and an additional series of tests that span the period at the end of the first quarter, which is a critical time for short-term borrowing on Wall Street. It begins with a Feb. 12 operation worth about $10 billion, and will use Treasury collateral maturing no later than March 12, the New York Fed said.More

  • Court ruling on loan fees to hit Deutsche Bank earnings - Handelsblatt

    The logo of Deutsche Bank is pictured outside the bank's branch in WiesbadenDeutsche Bank is facing a triple-digit million euro hit to fourth-quarter earnings after failing to set aside enough provisions to cover claims resulting from a recent federal court decision, German business daily Handelsblatt reported. The decision by the federal court in October allows customers to claim back administration fees on consumer loan contracts dating back to 2004. Handelsblatt cited financial sources as saying that the judgement wrongfooted Deutsche Bank and that the group had not set aside enough provisions.


    More

  • Apple, Boeing keep Wall St afloat; energy weighs

    A Wall Street sign is pictured in front of the New York Stock Exchange, open during Winter Storm Juno, in the Manhattan borough of New YorkBy Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed. The Federal Reserve's first two-day policy meeting of the year is under way, and the Fed is expected to signal it remains on track to begin raising interest rates later this year. The Nasdaq Composite outperformed, powered by a 6.9 percent advance in Apple shares to $116.71. Apple smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season, which helped the company post the largest quarterly profit in corporate history.


    More

  • Stocks rise at midday after strong Apple, Boeing results
    NEW YORK (AP) — The U.S. stock market is rising slightly at midday as investors wait for the Federal Reserve's latest policy statement.More

  • S&P, U.S. Justice Department likely to enter $1.37 billion settlement: WSJ

    A view shows the Standard & Poor's building in New York's financial districtWASHINGTON (Reuters) - Standard & Poor's and the U.S. Department of Justice are likely to enter into a $1.37 billion settlement as early as Thursday, the Wall Street Journal reported on Wednesday. The Justice Department in February 2013 sued the ratings company for what the agency said were misleading ratings of residential mortgages leading up to the 2008 financial crisis. (Reporting by Elvina Nawaguna; Editing by Susan Heavey)


    More

  • Anthem raises dividend almost 43 pct, tops 4Q forecasts

    FILE - In this Dec. 3, 2014 file photo, a pedestrian walks past the corporate headquarters of health insurer Anthem, in Indianapolis. Anthem reports quarterly financial results on Wednesday, Jan. 28, 2015. (AP Photo/Darron Cummings, File)INDIANAPOLIS (AP) — Anthem has hiked its quarterly cash payout to shareholders by nearly 43 percent to keep up with its rising stock price after edging past Wall Street forecasts for the recently completed fourth quarter.


    More

  • AGF fourth-quarter earnings, revenue miss expectations
    TORONTO (Reuters) - AGF Management Ltd posted fourth-quarter earnings and revenue that missed expectations on Wednesday as the Canadian fund manager recorded a decline in income from management and advisory fees. Assets under management at AGF Management, one of Canada's largest independent fund managers, rose 2 percent to C$35.11 billion ($28.22 billion) at the end of November from C$34.44 billion a year earlier. Revenue for the quarter ended Nov. 30, 2014 fell to C$111.7 million from C$117.4 million a year earlier. Analysts, on average, expected C$114. ...More

  • Stock market opens higher after strong Apple, Boeing results
    NEW YORK (AP) — The U.S. stock market is opening high after impressive earnings from Apple and Boeing.More