Tag: , , , , ,

US stocks close higher amid mixed data, Fed decision

US stocks traded higher as investors digested a batch of mixed data. Meanwhile, Wall Street has been encouraged by US Federal Reserve’s dovish messages, which fuelled investors’ bets on potential rate cuts later this year. The Dow Jones Industrial Average on Thursday rose 249.17 points, or 0.94 per cent, to 26,753.17. The S&P 500 was

US stocks close lower as construction data disappoints market (Lead)

US stocks close lower: US stocks ended lower as investors digested weaker-than-expected US construction spending data in December last year and a batch of healthcare stocks extended losses.The Dow Jones Industrial Average on Monday decreased 206.67 points, or 0.79 per cent, to 25,819.65. The S&P 500 decreased 10.88 points, or 0.39 per cent, to 2,792.81,

Chinese investors snap up luxury sportscar maker

China’s drive to dominate the electric-vehicle market has claimed another overseas target.When Japanese electric-vehicle startup GLM Co. needed more funding to put its high-end sports car into production, domestic backers couldn’t muster the financing.The search for an investor ended this week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the

India ranks 13th in protection of minority investors

New Delhi: India’s global ranking in terms of protection of minority investors has slipped three notches to 13th, but remains much higher than the country’s overall 130th rank for ease of doing business. The sub-ranking for protection of minority investors is topped jointly by New Zealand and Singapore. Others that ranked higher than India are

Sebi issues draft paper on REIT to attract investors, realtors

New Delhi: With an aim to make REITs more attractive to investors and real estate players, regulator Sebi proposed relaxed norms for related party transactions and allowed these Trusts to invest more in under-construction assets. Sebi also proposed removal of restrictions on REITs (Real Estate Investment Trusts) relating to investment in special purpose vehicle (SPV)