Today : Tuesday - Sep 23, 2014, 05:52pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

US stocks continue downward trend

Wednesday - Apr 11, 2012, 12:14pm (GMT+5.5)
[+] Text [-]

New York -  US stocks continued the downward trend Tuesday as concerns over European debt problems resurfaced amid rising borrowing costs in Spain and Italy.

US stocks logged four consecutive losing sessions as job data in March was worse than expected, Xinhua reported.

Adding to the negative tone, yields on Spain's 10-year bonds hovered just under 6 percent, the highest level in more than three months, even as the government was pushing through much stricter austerity measures.

Meanwhile, the yields in Italy rose as well, reminding investors that the problems in Europe were far from over.

Investors were waiting for a new earnings season which will officially kick off as Alcoa, world's leading aluminum producer, releases its results after the market closed.

In midday trading, the Dow Jones industrial average lost 149.06 points, or 1.15 percent, to 12,780.53. The Standard & Poor's 500 was down 17.54 points, or 1.27 percent, to 1,364.66. The Nasdaq Composite Index fell 40.69 points, or 1.34 percent, to 3,006.39.


Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Cabinet approves presidential reference on 2G order (11th Apr, 2012)
Night flights to increase at Heathrow (11th Apr, 2012)
Government detects Rs.13,620 crore tax evasion (11th Apr, 2012)
Regulator asks IGL to reduce gas prices (11th Apr, 2012)
Loop Telecom shutting services across India barring Mumbai (11th Apr, 2012)
Pakistan commerce minister to visit India (11th Apr, 2012)
'Automobile sales to rise 10-12 percent in 2012-13' (11th Apr, 2012)
Centre will help revive Kangra tea: Anand Sharma (11th Apr, 2012)
Montek says closer economic cooperation can mutually benefit India, China over next 20 years (10th Apr, 2012)
Kingfisher, Air India owe Rs.525 crore to GMR (10th Apr, 2012)
Sensex ends in green; FMCG, auto stocks rally (10th Apr, 2012)
Production at SAIL's Bhilai Steel Plant dips (10th Apr, 2012)
Techincal problems continue to dog Neyveli lignite unit (10th Apr, 2012)
India eases overseas investment norms for commodity exchanges (10th Apr, 2012)
Yahoo files patent applications for e-book advert system (10th Apr, 2012)
India won't allow extra cotton exports for now: Anand Sharma (10th Apr, 2012)
Sony to axe 10,000 jobs worldwide (10th Apr, 2012)
Sahara India makes $600 mln offer to acquire Plaza Hotel in New York (10th Apr, 2012)
AOL to sell 800 patents to Microsoft for $1.06 bln (10th Apr, 2012)
Facebook buys photo-sharing network Instagram for $1bln (10th Apr, 2012)
Sibal launches 4G, admits 3G has 'not been successful' (10th Apr, 2012)
Sensex falls 58 points; IT, metal stocks slump (10th Apr, 2012)
Airtel launches 4G services in Kolkata, first in India (10th Apr, 2012)
Business bankruptcies in Spain rise (10th Apr, 2012)
US manufacturing improves in February (10th Apr, 2012)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use