Business news

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Sheepish year ahead for global economy?

A celebratory mood, as Zhang Qiyue, China's consul general in New York rang the Nasdaq opening bell to celebrate Chinese New Year, the most important holiday season on the Chinese calendar. 2015 is Feb 19, 2015
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Greek compromise hopes rise

A six-month loan extension. That's the formal request from Greece to its euro zone peers. Without it, the country could run out of money within weeks. But Athens officials say the request would be Feb 19, 2015
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BSE closes points 142.01 up on Feb 19

New Delhi, Feb 19 (ANI): Trading at the Bombay Stock Exchange today closed 142.01 points up to stand at 29,462.27. At the National Stock Exchange the Nifty closed 26.20 points up to stand at 8,895.30. JINDAL STEEL and FSL were among the top gainers of Group A with an increase of 28.59% and 8.04% along with HIND COPPER and ADANI POWER with an increase of 8.00% and 7.98% respectively, while the top losers of Group A include SUZLON and WELCORP with a decrease of 6.72% and 5.79% along with SKF INDIA and AURO PHARMA with a decrease of 4.98% and 4.58% at the close of the markets. The Auto sector is up 6.70 points at 19,855.74 while the banking sector is down 110.30 points at 21,978.47 and the reality sector is up at 17.09 points at 1,748.04. The Indian currency is up 0.03% at Rs 62.34 per dollar. Feb 19, 2015
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Student loans taking a bite out of housing

The housing market has not been stellar. Housing starts fell two percent in a report on Wednesday a day after a decline in builder sentiment. One reason for housing's lackluster performance: rising Feb 19, 2015
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Stocks shave Tuesday's gains after Fed minutes

The Dow and S&P 500 ticked slightly lower Wednesday - investors trying to sort out the minutes from the last Federal Reserve meeting which highlighted policymakers' desire to keep interest rates lower Feb 19, 2015
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HSBC Swiss office raided

This won't be the most dramatic raid on a bank you'll ever see - but the implications of it could be enormous. Geneva's public prosector, Yves Bertossa, making his way to the lakeside offices of HSBC Feb 18, 2015
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