Asian stocks slipped and the dollar advanced on Thursday after hawkish-sounding comments from Federal Reserve Chair Janet Yellen further reinforced the case for an interest rate hike later this month.
Posts tagged MC
Asia slips, dollar supported after Yellen’s comments (03-12-2015)
Wall Street ends sharply lower; energy leads decline (03-12-2015)
The Dow Jones industrial average fell 158.67 points, or 0.89 percent, to 17,729.68, the SP 500 lost 23.12 points, or 1.1 percent, to 2,079.51 and the Nasdaq Composite dropped 33.08 points, or 0.64 percent, to 5,123.22.
China’s all-important services sector weakens in November (03-12-2015)
The Caixin/Markit Purchasing Managers’ Index (PMI) for November fell to 51.2 from October’s three-month high of 52. In September, the index hit a 14-month low of 50.5.
No rise in inflation due to Swachh Bharat cess: Government (03-12-2015)
Responding to a question on whether the cess had triggered a rise in inflation, Minister of State for Drinking Water and Sanitation Ram Kripal Yadav replied in negative.
PM’s approval rating high at 74% but he ‘needs a narrative’ (02-12-2015)
Prime Minister Narendra Modi’s approval ratings still stand high at 74 percent but that’s also partly because he has no national-level challenger, says Anil Padmanabhan, Political Editor of Mint, which conducted a poll on the popularity of the PM and his NDA government.
Staggered allowance rollout not a problem: Pay panel chief (02-12-2015)
Even if the government implements hike for pay and pension, as is being reported by a CNBC-TV18 story, in fiscal year 2017, the 7th Pay Commission chief Justice AK Mathur says he would be happy.
Wipro to buy IT consulting firm Cellent AG for 73.5mn euros (02-12-2015)
IT major Wipro is set to acquire 100 percent stake in Germany-based IT consulting firm Cellent AG in an all cash deal worth 73.5 million euros.
IITs not to reveal salary from this placement season (02-12-2015)
Country’s premier technical institute, the IITs have decided not to reveal any pay package figures from this placement season following complaints of peer and parental pressure on students.
Hyundai, Ford, Renault suspend ops in Chennai due to floods (02-12-2015)
Hyundai’s Chennai plant has a capacity to produce around 6.8 lakh vehicles annually. Ford India too has suspended operations at its Chennai plant.
Nestle flour procurement only at 50% after noodles ban lift (02-12-2015)
CNBC-TV18’s Priya Sheth, quoting sources, reports that increased demand from Nestle has resulted in increase in flour prices to Rs 22 per kilo from the average of Rs 20 per kilo earlier.