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Finance

The National Company Law Appellate Tribunal had on July 24 reserved its judgement on pleas filed by ousted Tata Sons Ltd Chairman Cyrus Mistry against the company. Gupta told The Hindu . "These are proceedings to protect and reinforce the values for which the Founders of the Tata Group have given us the legacy that we should strive never to lose".
  • EU's Guy Verhofstadt to make address in Dáil on Brexit

    EU's Guy Verhofstadt to make address in Dáil on Brexit

    Finance

    He warned that Brexit talks will be stalled if there is no agreement about the border - but insisted that it is up to the British Government alone to find the "unique solution" needed. Asked about speculation that Prime Minister Theresa May will outline a sum the United Kingdom is prepared to pay in a keynote speech on Friday, Mr Verhofstadt said: "Let's have the speech of Mrs May and then we can make an analysis".
  • 'Dreamers' won't be heard if they continue to shout

    'Dreamers' won't be heard if they continue to shout

    Finance

    Dreamers is the term used for DACA beneficiaries and those undocumented immigrants who would benefit from the DREAM Act . The longtime California Democrat also noted that the protesters were concerned about other types of undocumented immigrants, which would require much more sweeping legislation that the Republican leaders in Congress would be highly unlikely to support or even consider.
  • US Market Indexes Report Another Day of New Highs

    Finance

    The modest gains came after investors weighed the latest policy update from the Federal Reserve, which said it would begin reducing its huge bond portfolio next month. The Nasdaq is up 7.57 points, or 0.1 percent. Shares of other major banks including PNC Financial Services, Bank of America and Citi also rose close to 1 percent.
  • Asian investors tread carefully ahead of Fed decision

    Asian investors tread carefully ahead of Fed decision

    Finance

    Federal Reserve . The long-awaited reduction in the Fed's $4.5 trillion balance sheet comes amid great uncertainty at the central bank . The loonie began to decline immediately after the announcement and dipped as low as 80.79 US cents at 2:41 p.m.
  • Global stocks flat as investors await Fed meeting results

    Global stocks flat as investors await Fed meeting results

    Finance

    The US Federal Reserve is the first central bank to indicate it believes its economy can withstand a tightening of monetary policy, given the US economy is seeing comfortable signs of recovery . The Fed Funds rate will be used to up/cut stimulus. Fed Chair Janet Yellen will hold a press conference half an hour later. Rates on loans have risen faster than rates on deposits because many banks deposits grew quickly after the financial crisis despite low rates, meaning they don't have ...
  • Dow ekes out record high

    Finance

    In Asia, Hong Kong's Hang Seng added 1.3 percent, while Seoul's Kospi gained 1.3 percent. China's Shanghai Composite Index added 0.1 percent to 3,359.74. The Dow is up 19.35 points or 0.1% at 22,350.70, the Nasdaq is up 4.19 points or 0.1% at 6,458.83 and the S&P 500 is up 1.38 points or 0.1% at 2,505.25.
  • Morrisey warns consumers of Equifax imposter scam

    Finance

    Meanwhile, the Massachusetts Attorney General has filed suit against Equifax. The initial Equifax data breach primarily accessed names, Social Security numbers, birth dates and addresses. Equifax also identified unauthorized access to limited personal information for certain United Kingdom and Canadian residents and is working with regulators in those countries.
  • Fed keeps rates unchanged, to start trimming bond holdings in October

    Fed keeps rates unchanged, to start trimming bond holdings in October

    Finance

    This process, alongside interest-rate increases, should put the Fed's policy more in line with an economy that's in an expansion. That's one reason it won't raise rates in a hurry. Storm-related disruptions and rebuilding will affect economic activity in the near term, but past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term.
  • AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt

    AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt

    Finance

    The source has said that Tesla "has received back samples of the first implementation of its processor and is now running tests on it ", according to CNBC . With the above arrangements brought to light but in question, CNBC dug around and found a " source familiar with the matter " to shine light on any arrangements between these tech companies.
  • Treasury yields, dollar gain; Fed keeps Dec rate hike on table

    Treasury yields, dollar gain; Fed keeps Dec rate hike on table

    Finance

    It was a widely expected move from the Fed which had long hinted at scaling back its massive bond holdings, with a view the USA economy has fully recovered from the Great Recession. It also now thinks that the eurozone will grow by 2.1 per cent this year, 0.3 percentage point more than its previous prediction in June. This reduction of the role of the powerful central bank on the bond market actually amounts to a slight tightening of the monetary policy .