unicredit to raise 13 billion euros and cut 14000 jobs amid banking crisis in italy

UniCredit to raise 13 billion euros and cut 14,000 jobs amid banking crisis in Italy

Market Himanshu Gill - Dec 13, 2016

Italy’s biggest bank, UniCredit unveiled its plans to raise 13 billion euros ($13.8 billion) by issuing shares and helping itself get away from Italy’s banking crisis.

bill gates leads among billionaires investing 1 billion fund in clean energy

Bill Gates leads among billionaires investing $1 billion fund in clean energy

Market Himanshu Gill - Dec 13, 2016

Founder of Microsoft Corp. Bill Gates, along with a dozen of the world’s richest individuals announced an investment fund of $1 billion to foster production of clean energy.

chinese stocks tumble by over 2 after new regulations

Chinese stocks tumble by over 2% after new regulations

Market Himanshu Gill - Dec 12, 2016

Shares tumbled in China on Monday after a crackdown on purchases by insurance firms ahead of the much anticipated FOMC’s (Federal Open Market Committee) two day meeting that starts on Tuesday.

shenzhen hongkong stock connect makes its much awaited debut

China kick-starts the Shenzhen-Hong Kong stock connect

Market Akanksha Singh - Dec 05, 2016

Looked upon as China’s effort to expand its $6.5 trillion equity market and bring in international investments, the Shenzhen-Hong Kong stock market connect made it’s much awaited debut thi

gold rises after reaching a 10 month low as dollar dips

Gold rises after reaching a 10 month low as dollar dips

Market Himanshu Gill - Dec 05, 2016

Since then, several Fed policymakers have expressed confidence in the U.S. economy and signaled for a possibility of an interest rate hike in December, the first in past one year. Gold is highly sensi

us consumers income and spending show a steady rate of growth

US consumers’ income and spending show a steady rate of growth

Market Himanshu Gill - Dec 02, 2016

The consumer spending, which accounts for about 70 percent of U.S. economic activity increased 0.3 percent after an upwardly revised 0.7 percent gain in September, according to the data released by th

opec russia output slash deal leads to dip in oil prices

OPEC-Russia Output Slash Deal Leads to Dip in Oil Prices

Market Mohit Shah - Dec 02, 2016

Last week, there were serious tensions regarding the OPEC meet which was rescheduled due to Saudi Arabia’s exit and Russia’s worry regarding the output slash. But the story has turned out

dollar records best monthly advance against yen in seven years

Dollar Records Best Monthly Advance against Yen in Seven Years

Market Himanshu Gill - Dec 01, 2016

The US dollar has surged by almost 8 per cent against the yen since the start of this November; its strongest month since December 2009, and more than 3 per cent against the euro. Hedge funds and othe

rbs to change capital plans after failing bank of england stress test

RBS to change capital plans after failing Bank of England stress test

Market Himanshu Gill - Nov 30, 2016

RBS will now cut costs and sell its assets to boost capital as its shares went down by 2.3% at 192 pence after the test results. The state-backed bank gave a statement straightway after the results, s

oil price slips due to tricky crude output levels

Oil price slips due to tricky crude output levels

Market Mohit Shah - Nov 30, 2016

Russia’s conflict emerged over which areas or states should reduce crude oil outputs so as to curb the global production menace. OPEC has rescheduled its meet on Wednesday that will take place i

global markets soar amidst black friday

Black Friday: Global markets soar, gains all around

Market Akanksha Singh - Nov 30, 2016

Black Friday, is almost a universal phenomenon, it is the high that the global markets, online sites, retailers, and business corporations get because of holiday spree shopping. Come winters and all p

ecb seeks to lend out more bonds in euro zone to prevent market freeze

ECB seeks to lend out more bonds in euro zone to prevent market freeze

Market Himanshu Gill - Nov 30, 2016

This has done away with one of the key requirements for repurchasing agreements, or repos, that facilitates lending between financial firms against collateral securities, normally with government bond

ibm to expand investments in the uk market by opening four new centres

IBM to expand investments in the UK market by opening four new centers

Market Himanshu Gill - Nov 30, 2016

While most companies have started packing their bags after Britain voted to leave the EU, International Business Machines Corp. (IBM) has decided to increase its market presence. This brings IBM&rsquo

italian referendum to wreck already unstable european market

Italy can further wreck an already shaky European market

Market Akanksha Singh - Nov 22, 2016

While the Italian banking stocks have been under pressure for months, the Italian banking index dropped as much as 4.2 percent last week; the lowest level since early October. Investors are already wo

asian market shows a mixed reaction

Asian Markets stuck in a rattle battle

Market Akanksha Singh - Nov 22, 2016

The Asian market has been on crossroads since quite some time now, Chinese economy has been threatening to impose recession on itself and the world; Japan’s shares have been falling because of t

us federal reserve to raise interest rates soon

US Federal Reserve to raise interest rates soon

Market Himanshu Gill - Nov 21, 2016

The victory of Donald Trump in the US presidential elections has nothing to do with the Federal Reserve’s policies, Yellen said in a Congressional Committee, indicating to investors that US econ

govt says gst can be paid via debit and credit cards

Govt. says GST can be paid by Debit and Credit cards

Market Pavan Pandey - Nov 14, 2016

Individual and entities can pay their taxes online by using their debit and credit cards under the projected system of GST. Revenue Secretary, Hasmukh Adhia, said during global investors’ summit

post brexit britain seeks india as the first choice for bilateral trade ties

Post-Brexit Britain seeks India as the first choice for bilateral trade ties

Market Himanshu Gill - Nov 14, 2016

May arrived in New Delhi on 6th November on her first official visit outside Europe since becoming the Prime Minister. This is an important visit, especially from May’s perspective as it wi

drop in china foreign exchange reserves cause a decline in currency

Drop in China’s Foreign-Exchange Reserves Cause a Decline in Currency

Market Himanshu Gill - Nov 11, 2016

The country’s currency reserves stood at $ 3.12 trillion after the fourth continuous decline. Increased outbound investments by Beijing and increasing capital outflows following the steady depre

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