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 »
