LONDON/ NEW DELHI - The world's largest spirits maker Diageo Plc Thursday become the largest stakeholder in United Spirits Ltd, a leading spirit company of India, with the completion of the transaction to acquire 14.98 per cent stake. The acquisition was less than half of what Diageo had originally planned last year. Last year, Diageo had announced that it would pick up 53.4 per cent stake ...
Draghi says ECB to keep interest rate low for extended period
FRANKFURT - In a bid to boost the eurozone economy, the European Central Bank (ECB) Thursday decided to keep interest rates at record low 0.5 per cent, for an extended period with bank's chief Mario Draghi indicating willingness to cut them further if required. On the lines of the US Federal Reserve's play book and the debut policy announcement by the Bank of England's new governor Mark ...
Oil rises on Egypt crisis and ahead of closely-watched US hiring report
NEW YORK -- The price of oil is higher Friday after a positive report on U.S. hiring and amid ongoing concerns that the crisis in Egypt might affect Mideast supplies. In morning trading, benchmark crude for August delivery was up 37 cents to $101.61 on the New York Mercantile Exchange. On Wednesday, oil closed above at $101.24, the highest level since May 3, 2012. U.S. markets were closed ...
Strong hiring in US boosts stock market in early trade yield on 10-year Treasury note jumps
NEW YORK -- Robust hiring in the U.S. is boosting the stock market in early trading. The government says employers added 195,000 jobs in June. Economists had predicted a gain of 165,000. The unemployment rate remained at 7.6 percent. The Dow Jones industrial average was up 76 points, or 0.5 percent, at 15,065 shortly after the market opened Friday. The Standard & Poor's 500 rose nine ...
White House welcomes jobs report says it signals continuing economic recovery
WASHINGTON -- The White House says the June jobs report is good news that further confirms the economic recovery. The new report says that despite monthly volatility, the pace of job creation is growing. The government reported Friday that employers added 195,000 jobs last month. The unemployment rate remained at 7.6 percent because more people started looking for work. Alan Krueger is ...
Stock market rises after strong US jobs report
The government says employers added 195,000 jobs in June. Economists had predicted a gain of 165,000. The unemployment rate remained at 7.6 ...
Market Snapshot Stocks rise on strong jobs report dovish ECB
NEW YORK (MarketWatch) -- U.S. stocks rallied Friday after a strong monthly jobs report, putting them on track for their second straight week of ...
Unilever raises stake in Indian subsidiary
The maker of Persil, Bovril and Marmite has been looking to increase its influence at the division for some time and therefore boost returns from one of the world's fastest growing economies. Shareholders in Hindustan Unilever, which include Aberdeen Asset Management, tendered some 319 million shares -- taking Unilever's stake to 67% from 52.4%. The consumer goods giant paid about ...
Microsoft opens up Xbox 360 update beta
Xbox One may be unveiled and on tap for release later this year, but that does not mean its aging predecessor is dead. Microsoft today announces the beta rollout of the upcoming Xbox 360 update, something that usually reaches RTM (Release To Manufacturing) status in the fall of each year. "We're inviting Xbox Live members worldwide to participate in the2013 Xbox Live Update for Xbox ...
Slump In Pound Signals Gloom For Holidaymakers
The pound has fallen heavily against the dollar for the second time this week after key US jobs figures showed better than expected evidence of an economic recovery. The US payroll rose by 195,000 in June and the jobless rate remained the same at 7.6% - raising hopes for a stronger economy in the second half of 2013. The forecast was for around 165,000. Hiring was more robust in the two ...
June jobs report keeps Fed on track for tapering
o "A stronger-than-expected employment report - more than strong enough to keep the Fed on track for tapering in September." -- Jim O'Sullivan, chief U.S. economist, High Frequency ...
USDCAD trying with reluctance to trade higher after employment data
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial ...
Stocks Jump on Strong Data C-Bank Enthusiasm
FOX Business: Capitalism Lives Here The markets climbed higher on Friday as traders reacted to strong data on the American labor market and a low-rate pledge from the European Central Bank. Today's Markets As of 9:32 a.m. ET, the Dow Jones Industrial Average jumped 112 points, or 0.75%, to 15105, the S&P 500 rallied 11.4 points, or 0.71%, to 1627 and the Nasdaq Composite advanced ...
The loonie drops to almost two-year low on jobs data
TORONTO -- The Canadian dollar fell to its weakest level against the U.S. dollar in 21 months on Friday after North American jobs data showed Canada losing a modest 400 jobs and the U.S. labor market steadily improving. The Canadian dollar retreated to C$1.0609 versus the strengthening greenback, or 94.26 U.S. cents, below levels immediately before the data was released and below ...
Regulators fine tune electronic trading rules in bid to reduce risks
After two years of review, Canadian securities regulators unveiled a set of rule amendments designed to impose tighter controls over electronic trading while attempting to reduce regulatory and financial risks associated with direct electronic access (DEA) by placing more responsibilities on dealers. The Canadian Securities Administrators, the umbrella group comprised of 13 provincial and ...
Employment picture much stronger than predicted
US employers add 195,000 jobs in June, while the unemployment rate stayed put at still-high 7.6 pct. Economists had predicted that the government would report that employers added 165,000 jobs, roughly in line with May's increase. Several reports Wednesday suggested that hiring remained solid in June, though perhaps not enough to reduce unemployment. Payroll provider ADP said businesses ...
Bing-powered Windows 8.1 heralds a better smarter Microsoft
Microsoft's Bing search engine takes center stage in Windows 8.1. Windows 8 already shipped with a bunch of apps--things like News, Weather, and Sport--developed by the Bing team, using Bing services, but that's all they were: apps that ...
US STOCKS-Wall Street advances after payroll report
Fri Jul 5, 2013 9:45am EDT * June payroll report comes in above forecasts * Markets may be volatile with light post-holiday volume * Investors watching situation in Egypt for oil impact * Indexes up: Dow 0.5 percent, S&P 0.5 percent, Nasdaq 0.5 percent By Ryan Vlastelica NEW YORK, July 5 (Reuters) - U.S. stocks rose in early trading on Friday as U.S. June payrolls data came in much stronger than ...
CANADA STOCKS-TSX opens lower as gold stocks fall after U.S. jobs report
TORONTO, July 5 (Reuters) - Canada's main stock index opened lower on Friday as a robust U.S. jobs report weakened investor appetite for safe-haven assets such as bullion, causing a slump in gold-mining stocks. The Toronto Stock Exchange's S&P/TSX composite index was down 32.43 points, or 0.27 percent, at 12,134.23 shortly after the ...
Strong US jobs report sends markets higher
Tokyo Stock Exchange employees work at the computer terminal in Tokyo, Friday, July 5, 2013. Optimism that easy European and U.S. monetary policy will continue boosted Asian stock markets Friday as investors awaited a key American jobs report later in the day. Tokyo's Nikkei 225 was up 1.8 percent to 14,272.45. (AP Photo/Itsuo Inouye)(AP Photo/Itsuo ...
French president says Tunisias debt to be changed into development projects
TUNIS, Tunisia -- France's president has proposed taking at least some of Tunisia's billion euros of debt to his country and turning it into development projects. Speaking to Tunisia's elected assembly, Francois Hollande promised Friday to also mobilize fellow G-8 countries and the European Union to help Tunisia's ailing economy. Hollande's two-day visit is aimed at ...
The Really Great News From the June Jobs Report the April and May Numbers
added 195,000 in June, strongly beating expectations in the 150,000-165,000 range. The unemployment rate, meanwhile, was unchanged at 7.6 percent. But now for ...
Source: http://www.zimbabwenews.net/index.php/sid/215647384/scat/3a8a80d6f705f8cc
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