Relief bounce for European shares after turbulent week
Milan: European shares rebounded from six-month lows on Monday as jitters over a sudden spike in volatility that wiped off 1 trillion euros in market capitalisation last week appeared to ease.
Gains in all sectors helped the pan-European STOXX 600 index rise 1.2 percent by 0812 GMT, after ending at its lowest level since August on Friday. The UK’s FTSE and Germany’s DAX also rose more than 1 percent.
Upbeat broker notes pushed shares in Victrex and Delivery Hero to the top of the STOXX, sending both shares up more than 4 percent.
Akzo Nobel rose 1.4 percent after a source-based Financial Times report said that U.S. private equity giant Apollo had teamed up with the biggest Dutch pension fund to buy the group’s 10 billion-euro speciality chemicals unit.
Heineken however fell 3.4 percent after the world’s second largest brewer lowered its margin growth target, blaming a volatile market environment and an acquisition in Brazil.
Telecoms firm SES fell 7 percent after it announced management changes.
China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry.
State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.