June 19, 2013 12:47 (IST)
The rupee rose on hopes of inflows related to debt limit auction, dealers said. The pair traded at 58.70/71 after rising to 58.92, versus its record closing high of 58.77/78 on Tuesday and remained within touch of an all-time high of 58.98 hit on June 11.
Written By: Varun Sinha | June 19, 2013 12:30 (IST)
Markets have been jittery ever since Fed Reserve chairman told Congress on May 22 that the Fed may cut the pace of bond purchases at the next few meetings. Overnight interest rates in the U.S. have been near zero since December 2008 as the Fed has more than tripled its balance sheet to around $3.3 trillion with its bond buying. The Fed's quantitative easing (QE) has helped drive up prices in risk assets across the globe. The Fed may signal a tapering down of its stimulus programme later today.
New Delhi | June 19, 2013 12:26 (IST)
Riluzole is indicated for the treatment of amyotrophic lateral sclerosis. As per the IMS Health sales data for the 12 month period ended March 2013, Riluzole had garnered sales of $64 million in the US market.
Tokyo | June 19, 2013 11:59 (IST)
SoftBank, which is trying to buy Sprint, was the top-weighted gainer in the Nikkei, up 4.2 per cent after Dish said it would not make a new offer for Sprint.
June 19, 2013 11:42 (IST)
Facebook is trying to spark its ad growth following a sharp slowdown last year, by taking several initiatives to help boost growth.
Hyderabad | June 19, 2013 11:39 (IST)
The US drug maker requested the court to pass an order to restrain DRL from commercially manufacturing, using, offering for sale, selling, marketing, distributing, or importing DRL's generic paricalcitol injectable products prior to the expiration of said patents.
Mumbai | June 19, 2013 11:32 (IST)
Foreign investors have sold $4.7 billion in government debt over 18 consecutive sessions until Friday as the rupee has slumped to a record low, thus eroding returns.
Singapore | June 19, 2013 10:53 (IST)
Gold fell for a third straight session on Wednesday, hovering near the lowest level in four weeks, as a rally in stocks and investor caution over the Federal Reserve curbing its stimulus programme sapped support for bullion.
Washington | June 19, 2013 10:45 (IST)
Bernanke will likely take care to draw a bright line between the possibility of a slower pace of bond purchases, which would still add stimulus to the economy, and an actual tightening of monetary policy that would take it away.
June 19, 2013 10:23 (IST)
Rupee hits 58.91, nears record low ahead of Fed meeting
June 19, 2013 10:06 (IST)
The BSE Sensex dropped 100 points on Wednesday as traders awaited the U.S. Fed decision on the possible scaling back of the bank's $85 billion monthly bond-purchase programme.
June 19, 2013 09:32 (IST)
Shares in IDFC and Religare Enterprises rose on Wednesday after both companies took steps to apply for banking licenses, continuing their quest to diversify their businesses.
Seoul, Korea, Republic of | June 19, 2013 09:21 (IST)
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.
June 19, 2013 09:06 (IST)
The rupee saw small recovery against the U.S. dollar on Wednesday rising to 58.70 against Tuesdays close of 58.77/78 per dollar. The Indian currency had earlier hit a low of 58.82 in opening trades.
Sydney, Australia | June 19, 2013 08:26 (IST)
Japanese stocks started trade on Wednesday with a spring in their step thanks to a positive lead from Wall Street and a softer yen, but the rest of Asia was restrained as investors waited for clarity on the Federal Reserve's next policy step.
June 18, 2013 23:57 (IST)
The number of millionaires in the world jumped 9.2 per cent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, according to a study of the high-net-worth population.
June 18, 2013 23:38 (IST)
Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
Washington | June 18, 2013 23:14 (IST)
A coalition of US business groups on Tuesday demanded President Barack Obama's administration increase pressure on India to change trade policies that they said threaten US exports, jobs and innovation.
Islamabad | June 18, 2013 22:53 (IST)
With efficacy of recent steps by New Delhi to curb gold import yet to be tested, the Reserve Bank of India (RBI) said on Tuesday that the country would have to increase exports to deal with its high current account deficit.
New York | June 18, 2013 22:34 (IST)
US equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of US monetary support, while still pointing to economic improvement.