U.S. stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment. Conway G. Gittens has the market round-up.
Wall Street banks and their employees have been leaning further left in recent years, increasing the proportion of cash allocated to Democrats. Democratic presidential nominee Joe Biden has dramatically outpaced Republican President Donald Trump in raising funds from the banking industry ahead of the Nov. 3 election. Rosanna Philpott explains why.
Equity benchmark indices maintained an upward trajectory on Friday after the Reserve Bank of India's (RBI) kept repo rate unchanged and continued with accommodative stance. Though the central bank sees FY21 GDP contracting by 9.5 per cent and may turn positive in Q4, several market experts said many measures have been introduced to maintain comfortable liquidity conditions. The BSE SandP Sensex closed 327 points or 0.81 per cent higher at 40,509 while the Nifty 50 gained by 80 points or 0.67 per cent at 11,914. Among stocks, State Bank of India rose by 3.6 per cent to Rs 198.55 per share. Private lenders ICICI Bank, Axis Bank and HDFC Bank ticked up by 4 per cent, 3.7 per cent and 3.6 per cent respectively. IT major Wipro was up by 4.4 per cent to Rs 375.25 per share while infrastructure conglomerate Larsen and Toubro advanced by 3.3 per cent to close at Rs 910.05 per unit. However, those which lost were Grasim, Hindalco, Sun Pharma, Nestle India, Britannia and Tata Motors. Meanwhile, Asian shares were mixed as revived hopes for a US stimulus deal eclipsed weaker-than expected jobs data. Nikkei dipped by 0.12 per cent while Hong Kong's Hang Seng was down by 0.31 per cent. But South Korea's Kospi rose by 0.21 per cent.
Equity benchmark indices shaved off early gains but closed in the positive zone on Thursday following a rally in IT stocks amid dynamic global cues. The BSE SandP Sensex closed 304 points or 0.76 per cent at 40,183 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,835. Tata Consultancy Services rose by 3 per cent to Rs 2,819 per share after reporting 6.6 per cent sequential growth to Rs 7,475 crore in the July to September quarter. It also decided to buy back up to 2.2 billion dollars in shares. HCL Technologies and Infosys were up by 2.6 per cent each. Pharma major Cipla ticked up by 4.9 per cent, Sun Pharma by 2.3 per cent and Dr Reddy's by 1.9 per cent. However, energy majors GAIL and ONGC dipped by 3 per cent and 2.8 per cent respectively. Eicher Motors, ITC, Asian Paints and Reliance Industries too traded with a negative bias. Meanwhile, Asian shares climbed to a one-month high as renewed hopes for more US stimulus helped restore investor confidence. Japan's Nikkei added 0.96 per cent while South Korea's Kospi moved up by 0.21 per cent. But Hong Kong's Hang Seng fell by 0.56 per cent.
Equity benchmark indices witnessed smart gains on Tuesday led by a jump in financial, private bank and auto stocks while Asian stock markets rose to a two-week high. The bounce on bourses came after US President Donald Trump was discharged from hospital following treatment for Covid-19 and prospects for a fresh US stimulus package appeared to brighten. The BSE SandP Sensex closed 601 points or 1.54 per cent higher at 39,575 while the Nifty 50 gained by 159 points or 1.38 per cent at 11,662. Sectoral indices at the National Stock Exchange were mixed with Nifty financial service moving up by 3.1 per cent, private bank by 2.3 per cent and auto by 1.2 per cent. One of his doctors though cautioned that he may not be out of the woods yet. Japan's Nikkei added 0.52 per cent while Hong Kong's Hang Seng moved up by 0.9 per cent and South Korea's Kospi advanced by 0.34 per cent.
The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts. Conway G. Gittens has the market action.
Alain Robert, known as ‘Spiderman’, faces criminal charges after scaling one of Frankfurt's tallest buildings.
The French urban climber climbed to the top of the 545-foot office building without a harness.
He wore a silver suit and cowboy foots, his stunt taking just 30 minutes to complete.
The building is in Germany's financial capital and home to rail operator Deutsche Bahn, they have filed a criminal complaint against him for trespassing. Report by Shoulderg. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
For the first time doctors have shown that measuring changes in 24-hour heart rate can reliably indicate whether or not someone is depressed. In practical terms, this may give clinicians an objective "early warning" of potential depression, as well as a rapid indication whether or not treatment is working, so opening the way to more rapid and responsive treatment. Presenting results of this pilot study at the ECNP virtual congress, lead researcher, Dr Carmen Schiweck (Goethe University, Frankfurt) said: "Put simply, our pilot study suggests that by just measuring your heart rate for 24 hours, we can tell with 90 per cent accuracy if a person is currently depressed or not". Scientists have known that heart rate is linked to depression, but until now they have been unable to understand exactly how one is related to the other. In part, this is because while heart rates can fluctuate quickly, depression both arrives and leaves over a longer period, with most treatments taking months to take effect. This makes it difficult to see whether or not changes in one's depressive state might be related to heart rate.
New British Airways chief executive Sean Doyle has called on the Government toscrap the self-isolation requirement for international arrivals, as “we do notbelieve quarantine is the solution”. He told the Airlines 2050 conference: “Webelieve the best way to reassure people is to introduce a reliable andaffordable test before flying. “For the UK, this approach reduces the stresson the NHS testing systems within the UK and on policing the quarantinesystem. “If we look abroad to our near neighbours, we see that business traveland indeed tourism is being prioritised by some countries. “We need to get theeconomy moving again and this just isn’t possible when you’re asking people toquarantine for 14 days. “It’s our view that, even if that quarantine period isreduced to seven days, people won’t travel here and the UK will get leftbehind.”
Credit: PA - Press Association STUDIO Duration: 00:49Published
British Airways has been fined £20 million over a 2018 data hack, theInformation Commissioner’s Office has announced. Investigators found theairline should have identified the security weaknesses which enabled theattack to take place. The carrier failed to protect the personal and financialdetails of more than 400,000 customers. It did not detect the hack for morethan two months.
Credit: PA - Press Association STUDIO Duration: 00:59Published