The result compared with the median estimate of 0.1 percent growth in a Reuters poll of economists. A technical recession is usually defined as two consecutive quarters of economic contraction.
Posts tagged MC
Japan revised real Q3 GDP up 0.3% on-quarter, 1% annualised (08-12-2015)
Wall St slides as oil prices tumble to near seven-year low (08-12-2015)
The Dow Jones industrial average fell 117.12 points, or 0.66 percent, to 17,730.51, the SP 500 lost 14.62 points, or 0.7 percent, to 2,077.07 and the Nasdaq Composite dropped 40.46 points, or 0.79 percent, to 5,101.81.
Asian equities trade cautiously; commodities, data in focus (08-12-2015)
Asian equities markets traded cautiously on Tuesday after oil prices fell more than 5 percent overnight.
Japan poised to win India’s bullet train deal: Report (08-12-2015)
Japan will offer more than 1 trillion yen (USD 8.11 billion) in loans to construct India’s Rs 98,000 crore fast train, according to the report.
Oil tanks near seven-year low on OPEC decision (08-12-2015)
The January contract for West Texas Intermediate crude sank USD 2.32 to USD 37.65 a barrel on the New York Mercantile Exchange, a drop of 5.8 percent. In late-afternoon trade in London today, Brent North Sea crude also was languishing near 2009 lows.
ICRA downgrades rating of Eros Intl Media’s Rs 750 cr NDC (07-12-2015)
The outlook on the rating has been revised to ‘negative’ from ‘stable’, the rating agency said in a statement. In a BSE filing, Eros said it has not issued any Non- Convertible Debentures (NCD) till date.
ICRA downgrades rating of Eros’s Rs 750cr NCD (07-12-2015)
The outlook on the rating has been revised to ‘negative’ from ‘stable’, the rating agency said in a statement. In a BSE filing, Eros said it has not issued any Non- Convertible Debentures (NCD) till date.
Tower biz sale to improve RCom’s financial profile: Moody’s (07-12-2015)
RCom, parent firm of Reliance Infratel Ltd which has 43,379 towers across India, intends to use the proceeds to cut net debt by 75 per cent — from Rs 39,894 crore to under Rs 10,000 crore.
Dr Lal Pathlabs raises Rs191 crore from anchor investors (07-12-2015)
The company’s initial public offer, which aims to raise up to Rs 638 crore, will open Tuesday and close on December 10.
Myntra aims crossing $1 billion annualised GMV by 2016: CEO (07-12-2015)
“Overall, I think we are on a great trajectory, we are roughly at about USD 500 million in GMV as of today. We are growing between 60-70 percent month-on-month… We will try and get to a billion dollar GMV in 2016,” Myntra CEO Ananth Narayanan told reporters here.