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Disappointment over railway budget subdues equity markets

Mumbai, Feb 25 (IANS) Disappointment over the railway budget, coupled with derivatives expiry and a weak rupee subdued Indian equity markets during the afternoon trade session on Thursday. Negative Asian markets also dented sentiments. This…


New Malayalam news channel to be launched soon

Thiruvananthapuram, Feb 25 (IANS) Kottayam-headquartered Mangalam group, which publishes a daily newspaper and several magazines, has said it will soon launch a TV news channel in Malayalam. The channel will be an addition to the…





Indian equities trade flat ahead of rail budget

Mumbai, Feb 25 (IANS) Ahead of the presentation of the railway budget for the next fiscal year, key Indian equity indices opened flat on Thursday, with additional caution due to the expiry of contracts for…


Tokyo shares end higher

Tokyo, Feb 25 (IANS) Tokyo shares ended higher on Thursday following an upbeat overnight US equity market and the rebounding oil prices. The 225-issue Nikkei Stock Average jumped 111.24 points, or 0.70 percent, higher from…



Bangladesh to become AIIB founding member

Dhaka, Feb 25 (IANS) Bangladesh is set to become a founding member of the Chinese-government initiated Asian Infrastructure Investment Bank (AIIB) as the country’s parliament has passed a bill in this connection, the media reported…


Chinese shares open lower

Beijing, Feb 25 (IANS) Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.23 percent, at 2,922.24 points. The smaller Shenzhen index opened 0.16 percent lower at 10,290.96 points, Xinhua news…


Chinese yuan weakens

Beijing, Feb 25 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 16 basis points to 6.5318 against the US dollar on Thursday, according to the China Foreign Exchange Trading…


Tokyo shares open higher

Tokyo, Feb 25 (IANS) Tokyo shares opened the trading on Thursday higher following gains in the overnight US stocks market and the rise in oil prices. At 9.15 a.m. (local time), the 225-issue Nikkei Stock…


Spanish stock market index plummets

Madrid, Feb 25 (IANS) The Spanish stock market index Ibex-35 fell 3.07 percent to close at 8,013.70 points, down from the 8,267.60 points of the previous session. IAG shares led falls losing 5.09 percent on…




US stocks tick up as oil rebounds

New York, Feb 25 (IANS) US stocks reversed early sharp losses to end higher as signs of stabilization in oil prices soothed anxious investors. The Dow Jones Industrial Average rose 53.21 points, or 0.32 percent,…


Oil prices recover on mixed data

New York, Feb 25 (IANS) Oil prices increased as US crude data came out mixed. US crude supplies of last week added 3.5 million barrels to 507.6 million barrels, 73.5 million barrels more than one…


US dollar mixed on soft data

New York, Feb 25 (IANS) The US dollar traded mixed against other major currencies as the economic data from the country came out worse than expected. In late New York trading on Wednesday, the euro…


British FTSE 100 decreases

London, Feb 25 (IANS) FTSE 100 Index, British benchmark stock market gauge decreased by 1.60 percent, or 95.13 points, to 5,867.18 points. Share price of Persimmon increased by 2.27 percent, topped the gainers of the…


Uber opens Centre of Excellence in Hyderabad

Hyderabad, Feb 24 (IANS) Uber, the global tech-based transportation firm, on Wednesday opened a Centre of Excellence in Hyderabad, its first in Asia and fifth globally. The Centre of Excellence (CoE) is part of the…