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World’s rich readying for major stock sell-off, UBS Wealth says
A majority of rich investors expect a significant drop in markets before the end of next year, and 25 per cent of their average assets are currently in cash, according to a survey of more than 3,400 global respondents.
Oil drops as market awaits news on trade talks, oversupply concerns weigh
US West Texas Intermediate (WTI) crude was down 18 cents, or 0.3 per cent, at $56.68 a barrel. The contract dropped 0.7 per cent in the previous session. Brent crude futures were down 14 cents, or 0.2 per cent, at $62.04 a barrel by 0256 GMT, after falling 0.5 per cent on Monday.
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India-Pakistan tensions spread from Asia to European markets
Indian and Pakistan bonds and currencies fell and MSCI's broadest index of Asia-Pacific shares outside Japan was last down 0.15 percent as the threat of conflict between the nuclear-armed neighbours grew.
The second coming
Global cooperation is a vital element in managing global economic interdependence. But global cooperation is exactly what has been domestically de-legitimised in almost all democracies.
Nikkei rises on bargain hunting but investors edgy after wild sell-off
The Nikkei gained 0.2 per cent to 21,694.90 points by midmorning, but has still lost nearly 7 per cent so far this week.
Committed to raising India’s share in global trade: Commerce Minister Suresh Prabhu
Suresh Prabhu said he was looking forward to the country, which has about 1.7 per cent share in global trade, taking a rightful place in the world community.
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Surprise stimulus from Bank of Japan lifts all markets; Sensex up 519 points
Japanese central bank announces ¥30 trillion increase in bond purchases annually
'Manufacturing hit by slowdown in domestic demand'
The HSBC survey and weak global markets hit the benchmark Sensex which witnessed its biggest drop in six weeks.
Sensex drops most in 2 weeks,tumbles 256 points
The rupee,meanwhile,fell by about 25 paise to 62.62/63 against the dollar.
Volatile rupee: Punters will suffer huge losses,warns FinMin
Crazy,irrational kind of sentiment prevailing in forex market,says DEA Secy.
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China seems to be moving towards market linked pricing of the Yuan: Shaktikanta Das
New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.
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