US stocks were little changed, ahead of an expected Fed Reserve rate hike, as weakness in Facebook’s shares for a third day were countered by gains in energy stocks.
Wall Street was on track for a lower opening as traders moved cautiously ahead of an expected Fed Reserve interest rate hike and continuing fallout from FB data breach.
Gains in tech and financial stocks lifted Wall Street but the main indexes were still on track to record losses for the week that was dominated by trade war worries.
Wall Street’s main indexes edged higher as industrial stocks gained following three days of losses due to fears of trade war between China and the United States.
The Dow Jones Industrial Average was set to open higher after three sessions of losses that were triggered by intensifying fears of a trade war with China.
Wall Street’s main indexes gave up opening gains as industrial companies continued to suffer from concerns over the impact of new tariffs on trade.
Wall Street’s main indexes rose as fears of faster interest rate hikes eased after a tepid US consumer prices data and investors shrugged off news of Tillerson’s ouster.
US stocks advanced, with gains in shares of chipmakers and technology giants helping Wall Street extend last week’s rally that was powered by U.S. jobs data.
US stocks gained after payrolls data showed strong job additions, but muted wage growth indicated a gradual rise in inflation.
US stocks rose as fears of a global trade war eased after Trump promised great flexibility toward the US’ “real friends” as he prepared to impose hefty import tariffs.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months