Markets
NDTV Denies Reports Of Takeover By SpiceJet Owner Ajay Singh
Prannoy Lal Roy and his wife Radhika Roy, who are the news channel's founders, will hold only 20 per cent stake in the company, according to a source. Quoting sources, The Hindu had said, " Not even a single sentence of these reports is true ". An FIR had been filed and according to it, NDTV defaulted on a loan amount of Rs. [Full Article...]
Fed to reduce bond holdings, leave interest rates unchanged
At its previous meeting in July , it also declined to raise its benchmark interest rate. Investors now see the chances for a rate increase by year-end as back up to about 50-50, according to the prices of interest-rate futures contracts. As the bonds mature, the government pays the face value to the Fed. In addition to forecasting future rate hikes, analysts are trying to divine whether Preside... [Full Article...]
China runs word's fastest commercial bullet train at 350 kmph
However, for several years their speed remained capped at a mere 300 kilometers following a nationwide chorus of safety concerns amid the 2011 Wenzhou bullet train crash that killed 40 and injured around 200. China has launched the world's fastest train, Fuxing, on the Beijing-Shanghai line. Ticket prices for the service will not be raised for the time being, said He Huawu, of the Chinese Academ... [Full Article...]
Record revenue as Manchester United broadcasting income increases by 40%
After a season which saw the club qualify for the prestigious Champions League competition following a brief absence, United took in £581m during the year, up 17% from the £515m revenue it posted the previous year. English premier league Manchester United (MUFC) announced record revenues and profits Thursday in the club's latest set of annual figures. United have started the season well on the... [Full Article...]
Opec members to meet to discuss extending production cuts
OPEC and some non-OPEC producers including Russian Federation first agreed in November past year to cut their output by around 1.8 million barrels per day (BPD) to clear global oversupply and support prices. Crude inventories rose by 1.4 million barrels in the week to September 15 to 470.3 million, compared with expectations for an increase of 3.5 million barrels. [Full Article...]
Nikki Haley on North Korea: 'We're Not Going to Run Scared'
North Korea has launched a trio of missiles in recent weeks and tested a bomb that was its most powerful to date. The US envoy appeared on CNN Sunday, asserting that the president's "fire and fury" comment about North Korea's nuclear program last month is serious. [Full Article...]
Abe, Trump agree to put maximum pressure on North Korea
Japanese Prime Minister Shinzo Abe will reportedly dissolve the lower house of parliament and call a snap election on September 28 when parliament is scheduled to convene for an extraordinary Diet session, local media quoted ruling party sources as saying Thursday. [Full Article...]
Dow ekes out record high
Banking shares were strong, with JPMorgan Chase winning 1.1 per cent, Bank of America 0.7 per cent and Citigroup 0.8 per cent. The Dow Jones Industrial Average . Such a move by the Fed would likely push long-term interest rates up. Even with a rate hike appearing unlikely, investors will be paying close attention to the Fed's comments on how it plans to unwind the $US4.5 trillion worth of... [Full Article...]