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Stocks bounce back as political tension eases

Stocks rebounded strongly this week amid increased turnover as investors, relieved to see the clouds of political tensions start disappearing, went on buying spree.Market operators said the investors became optimistic as the political tensions eased to some extent and dividend declarations are in the offing. "The investors responded positively and...

Major sectors see positive return

Majors sectors witnessed a positive return this week as investors renewed their appetite for sector-wise stocks.Thursday was the last trading day of the week. Of the 19 sectors listed with the prime bourse, excluding corporate bonds, debenture and treasury bonds, the market capitalisation of 13 sectors ended higher, while six...

US regulators block Chicago Stock Exchange sale

NEW YORK, Feb 16 (AFP): US regulators Thursday blocked the purchase of the Chicago Stock Exchange (CHX) by a group of investors including the Chinese company Chongqing Casin. Two years after the announcement of the deal, US Securities and Exchange Commission regulators cited a lack of clarity in the details...

Tokyo market edges up

TOKYO, Feb 16 (AFP): Tokyo stocks closed higher on Friday, extending gains from Wall Street as investors regained confidence and set aside inflation fears that stoked volatility earlier in the month. The benchmark Nikkei 225 index gained 1.19 per cent, or 255.27 points, to 21,720.25. Over the week, it jumped...

Sensex, Nifty close lower on PNB scam

NEW DELHI, Feb 16: PNB scam came back to haunt Dalal Street investors on Friday, as benchmark indices reversed early gains to end nearly a per cent lower, bogged down by losses in frontline bank stocks such as SBI and YES Bank, report agencies. While the Sensex closed 286 points...

Global shares set for best week in six years

LONDON, Feb 16 (Reuters): World shares were set for their best week of gains in six years on Friday after two consecutive weeks in the red, shrugging off a rise in global borrowing costs while the dollar hit its lowest since 2014.MSCI's world index of stocks, which tracks shares in...

US tax reform hit Allianz in 2017

FRANKFURT AM MAIN, Feb 16 (AFP): German insurer Allianz on Friday reported a drop in net profits in 2017 as US tax reform and a string of natural disasters weighed on its bottom line, but it forecast stable underlying profits this year. The Munich-based group booked net profits of 6.8...