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Support for economic system 'under threat', says BoE's Mark Carney
Tue, Dec 06, 2016
Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.
Asian stocks recover after Italy-fuelled sell-off
Tue, Dec 06, 2016
Asian stocks rallied while the euro held up and high-yielding currencies rebounded as investors rediscovered their desire for risk assets after the previous day`s losses fuelled by Italian uncertainty.
Indian equity indices open in red, after Italy votes 'No' on reform
Mon, Dec 05, 2016
The key Indian equity indices on Monday opened in the red following global concerns. The 30-scrip Sensitive Index (Sensex), was trading 47.06 points or 0.18 per cent lower soon after opening.
Euro skids, shares hit after Italy votes ''no'' on reform
Mon, Dec 05, 2016
The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country`s shaky banking system.
RBI policy, macro data, global cues to dictate market trend this week
Sun, Dec 04, 2016
Outcome of the Reserve Bank of India's (RBI) monetary policy review, macroeconomic data and major global events would set the market tone this week, say experts.
Dollar steadies with bonds, oil anxious about OPEC
Tue, Nov 29, 2016
The US dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend.
EU says Italy at risk of breaking budget rules
Wed, Nov 16, 2016
The European Commission said Wednesday that draft budgets from Italy and seven other eurozone countries risk breaking EU rules, setting up a row with Prime Minister Matteo Renzi ahead of a crucial referendum.
McDonald's sues Florence for $20 million over site refusal
Tue, Nov 08, 2016
Hard on the heels of stoking anger over plans to open a restaurant in the Vatican, McDonald's has filed a $20-million lawsuit against Florence for blocking a proposed outlet in the city's most revered square.
SUVs clock nearly 23% of global sales in 2015
Thu, Sep 08, 2016
Sports utility vehicles (SUVs) segment has become the fastest growing automotive vehicle in 2015 by clocking nearly 23% of light vehicle sales globally, according to a latest report.
Lamborghini sees worldwide sales doubling by 2019 after SUV launch
Wed, Aug 24, 2016
Luxury automaker Lamborghini expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new sports utility vehicle (SUV), but it will not lose its focus on making sports cars, Chief Executive Officer Stefano Domenicali said on Tuesday.
India beats Canada, Australia to rank 7th on top 10 wealthiest nations' list
Tue, Aug 23, 2016
India has figured among the top 10 wealthiest countries in the world with a total individual wealth of $5,600 billion while the United States topped the chart.
India's exports better placed in product diversification, says study
Mon, Aug 15, 2016
India's exports are better placed in terms of product diversification as top ten export products account for 58% of total shipments, says a study.