Finance

Lufthansa cancels almost 900 flights in pilots' strike

Lufthansa cancels almost 900 flights in pilots' strike

It is estimated that a total of 100,000passengers worldwide will be affected. Eight flights into and out of Dublin Airport are cancelled again today as part of a 48 hour strike action by Lufthansa pilots. In July, it brought an end to the long-running industrial dispute with cabin crew through a deal on pay and working conditions, including a no-strike agreement and job guarantees until 2021. Read More

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You are here: HomeAbigail Johnson succeeds father as Fidelity chairman

You are here: HomeAbigail Johnson succeeds father as Fidelity chairman

He will continue to consult with Abigail and with Fidelity's board of directors. She became chief executive in 2014 and will continue that role alongside. In terms of assets under management in mutual funds, ETFs, and money market funds, Vanguard surpassed Fidelity in 2006. Fidelity's actively managed funds had $1 trillion in assets at the end of September, led by the $100 billion-plus Contrafund, which alone generates several hundred million dollars a year in management fees. Read More

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Modi directs steps to disburse more money in rural India

Modi directs steps to disburse more money in rural India

Almost 800 customers managed to withdraw Rs 8 lakh worth of cash from the ATM set up inside the blue colour bus which was spotted at the MG Road in Bengaluru. "Considering the cash availability, (for) the business entity having current account for past three months, the limit has been increase to Rs.50,000 per week to pay wages and meet sundry expenses", he said . Read More

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PV Sindhu breezes past Sun Yu to win maiden China Open title

PV Sindhu breezes past Sun Yu to win maiden China Open title

As Sindhu stepped up her play, Sun capitulated to commit a series of errors giving Sindhu a huge lead at 19-8. The first game was very crucial. Ji Hyun made it 20-17 nearly sealing the Indian's fate in the second game. But Yu fought back hard and leveled scores at 14-14. However, with Saina out of the tournament, the responsibility of the proven the worth was on the shoulder of young PV Sindhu . Read More

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Baker Hughes Incorporated's (BHI): Trader's Spotlight

Baker Hughes Incorporated's (BHI): Trader's Spotlight

BHI's value Change from Open was at 0.53% with a Gap of -0.28%. The U.S. oil driller Baker Hughes said the active number of oil rigs rose 19 to 471 for the week ending November 18. Baker Hughes Incorporated (NYSE:BHI) stock is presently standing at about $61.17 and lots of equity research firms seem to have a target price set on the stock. Read More

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Trump family dinner raises issues on press access

Trump family dinner raises issues on press access

Jackson quickly made a reservation at the 21 Club so that she could verify Trump was there. Donald Trump's neighbours are now having to live with stepped up security around the billionaire US-President-elect's home in NY. Trump's press secretary, Hope Hicks, told journalists around 6:15 p.m. Tuesday that there was a "lid" for the night - a term of art meaning that no more news or travel was expected until Wednesday. Read More

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First Solar steps up a gear

First Solar steps up a gear

Chief Executive Mark Widmar said earlier this month that if the company can not reduce the cost of the Series 5, it will speed up the introduction of the next-generation Series 6. Most of the charges are expected to come before the end of this year. Company officials expected the tough environment and restructuring charges to result in a loss per share of $2 to $4 for 2016. Read More

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Sensex sinks 514 points, Nifty dips on fund outflow

Sensex sinks 514 points, Nifty dips on fund outflow

Despite the unexpected result of the US elections and the Indian government's sudden demonetisation in order to curb black money, the BSE Sensex went up to a one-week high by 390 points on Thursday in the early session of the stock market. The broader NSE Nifty was down 0.01 percent at 8,111 as of 0515 GMT after rising as much as 0.49 percent earlier in the session. "Textile, aviation, media-entertainment, FMCG, cement and power stocks also traded down on selling pressure". Read More

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IEA: Global oil market headed for 'boom/bust cycle'

Birol is also skeptical about the outcome of government officials from dozens of countries converging this month in Morocco to implement curbs on emissions agreed to past year in Paris , saying it won't be enough to quickly slow down crude oil consumption: "Today, 81 percent of global energy comes from fossil fuels, and in 2040, even if all the pledges are implemented, this share will go down to 74 percent ". Read More

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India struggles as millions throng banks to swap currency

To prevent such misuse of the facility and enable larger number of persons to draw cash, indelible ink used during elections shall be used for over the counter exchange against old Rs.500/- and Rs.1000/- notes. Banks have been sent images on how to apply the ink with instructions: Please buy DHOBI INK till you get it (original indelible ink) from Mysore (Mysore Paints)... Read More

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Sensex up 41 points on economic data, Asian cues

Sensex up 41 points on economic data, Asian cues

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 90.35 points or 1.05 percent to 8,535.90 points. BSE Sensex opens 57 points down at 27,470 while NSE Nifty slips down by 12 points at 8,501.90. Uncertainty over outcome of elections in the United States coupled with the outcome of the Federal Reserve meeting on Wednesday, had investors across the globe anxious. Read More

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Gold rebounds after sinking to near 6-month low

However, two factors have primarily driven prices lower since then - strengthening expectations of an interest rate hike by the Fed and the implications of the outcome of the USA presidential election. LONDON-Gold prices swung between gains and losses on Tuesday morning. pushed and pulled by a weaker USA dollar and rising stock markets. The dollar.DXY rose for the sixth straight session, reaching an 11-month high against a basket of major currencies, while US 10-year Treasury US10YT=RR ... Read More

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