While the major U.S. stock indexes hit all-time highs Tuesday, health care stocks traded lower on disappointing earnings and gave back some of a post-election relief rally that had lifted the sector. “Medtronic certainly had a pretty tough quarter and [is] driving down medical devices” stocks, said Mike Bailey, director ... Read More »
The Swiss bank is starting a new business that will help investors capitalize on reduced property prices after a two-year recession, the firm’s Brazil chief executive officer, Sylvia Coutinho, said in an interview in Sao Paulo. Specialized consultancy Real Estate Capital will work exclusively with the team, and REC CEO ... Read More »
Indian equity markets plunged on Thursday afternoon following the news of surgical strikes by the army across the Line of Control (LoC) in Jammu and Kashmir. Both the key indices plummeted by almost one per cent each. All the 19 sub—indices of the BSE were trading in the red. The ... Read More »
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived ... Read More »
Domestic passenger car sales declined 4.21 per cent to 1,64,469 units in February, from 1,71,703 units in the same month last year. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier, according to the data released by the Society of Indian Automobile Manufacturers ... Read More »
