Asia markets mostly up but Shanghai tumbles again
Asian markets mostly recovered Tuesday from the previous day’s Greece-fuelled sell-off, but Shanghai sank again as analysts warned government measures to staunch a recent rout will likely not be enough. The euro held its ground after Greece’s weekend vote against creditors’... read more »
India is now the 3rd largest steel producer in the world
India has become the world’s third largest steel producer and is willing to produce 300 million tonnes in the next decade Union Steel & Mines Minister Narendra Singh Tomar said today. The country will replace USA at the 3rd spot. “So far India was the 4th largest steel producer in... read more »
Top 8 things to look out in the market today
The Nifty is likely to fall in early deals on Wednesday as weak cues from Asian markets, particularly Chinese stocks, hit sentiment on Dalal Street. Wall Street closed with modest gains as Crude Oil prices stabilized near 3-month lows. Nifty Futures, traded on the Singapore Exchange, point to a... read more »
UBS will lead the Ferrari IPO
Bloomberg reported Tuesday that UBS will be the investment bank that leads Ferrari’s initial public offering, scheduled for October. Bloomberg’s Tommaso Ebhardt, Ruth David, and Mark Clothier cited “people with knowledge of the matter” and added that “JPMorgan Chase... read more »
Magnitude-5.6 quake hits north of Tokyo; no tsunami warning
A strong earthquake measuring a preliminary magnitude of 5.6 struck in the Kanto region north of Tokyo on Tuesday, but no tsunami alert was issued. The 12:28 p.m. quake, which originated in... read more »
Iran rejects US-led coalition against IS
Seen from Tehran, which has helped both Damascus and Baghdad to confront IS advances, the coalition lacks credibility because some of its members had financed and armed the group as part of... read more »
Typhoon Kalmaegi sends in ripples to revive monsoon in Bay
Relative calm seems to be dawning on west and northwest India after a delayed rampaging run by the monsoon that lasted until the last week-end but the Bay of Bengal begs to differ. Some... read more »
Thailand deaths: Police search for man after killings
Police in Thailand are continuing to search for a man they want to speak to in connection with the deaths of two British tourists. The bodies of David Miller, 24, from Jersey, and Hannah... read more »
Indian slams Pakistan for failing to act against Hafiz Saeed
New Delhi on Monday slammed Islamabad for failing to act against Hafiz Saeed, the alleged mastermind of the Mumbai attacks, after the Pakistani envoy said the Lashkar-e-Taiba founder was a freeman as... read more »
