By Dina Kyriakidou ATHENS (Reuters) – Talks between Greece and its creditor banks to slash the country’s towering debt pile broke down on Friday, with the Greeks warning of “catastrophic” results if a deal to swap bonds is not reached soon. The sides remain divid…

Read More..

NEW YORK (AP) — Stocks are lower in early trading after earnings fell at JPMorgan Chase, the country’s largest bank, and reports swirled that European governments may get their ratings cut soon. The Dow Jones industrial average fell 154 points to 12,317 in the first hour of t…

Read More..

Morgan Stanley has downgraded Reliance Industries (RIL) to ‘underweight’ from ‘equalweight’, saying it expects the energy major’s gross refining margins, exploration and production volumes to fall. The bank cut its price target for the company to Rs 650 from…

Read More..

European (SXXP) stocks advanced after Spain and Italy sold debt at lower borrowing costs, signaling continued investor appetite for euro-area securities. U.S. index futures climbed, while Asian shares retreated. Royal Bank of Scotland Group Plc rose 7.4 percent after announcing job cuts….

Read More..

Shares of Infosys Technologies fell 6.28% in the opening trades on Thursday, after the IT and software services company cut its dollar revenue growth guidance for the fiscal year to March due to the debt crisis in Europe, its second-biggest market. The Infosys results weighed on the mark…

Read More..

Shares of retail companies rallied on the bourses today after the government notified 100% Foreign Direct Investment (FDI) in single-brand retail. Reacting to the news, shares of Kishore Biyani-led Future Group firm Pantaloon Retail (India) surged by 10% to an early high of Rs 161.40, wh…

Read More..

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level since July, amid bets that China may act to spur economic growth. All 10 groups in the S&P 500 advanced as financial, commodity and industrial shares had the biggest gains. Bank of America Corp. (B…

Read More..

Benchmark share indices gained over 2% on Tuesday to end at one-month highs, on the back of positive cues from Asia and Europe, led by index heavyweight Reliance Industries and financial shares. The markets strengthened further post Moody’s upgraded India’s rating to investmen…

Read More..

Exchanges would prefer companies with a sizable fund requirement to start with, say market players. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are ready to launch trading in the small and medium enterprises (SME) segment and a formal announcement is round the c…

Read More..

A week into the new year, market analysts have changed their tune about the markets. The sombre mood in December is giving way to an optimistic outlook. Despite the risks, Credit Suisse has upgraded India to neutral from underweight. Analysts say a combination of domestic and global fact…

Read More..