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Today India stock market gained amid stable demand in IT stocks. China’s Fosun International has acquired a majority stake in Portugal’s largest insurer. China to tighten IPO regulations. Total to start exploring for shale gas in eastern UK.
Infosys reported 21% increase in its net profit for the last quarter. Chinese employees with higher salary increase in the Asia region. Trade deficit of India for December declined to $10.14 billion. Indian IT giant Wipro showed a strong recovery.
Chinese Goubuli Group to buy a US café chain. China with strongest sales on car market. Tesco posted a 2.4% decline in sales in UK for the six weeks to January 4. Twenty-First Century Fox plans to delist its shares in Australia.
China’s largest customer-to-customer site banned the trade of bitcoins from today. In early mornings trade today the US dollar increased versus the Japanese yen. Nintendo without a ban to sell in China. Today Indian stock indexes started recovering following several sessions of decline.
Shares of Indian ICICI Bank increased by 1.4%. Nissan Motors of 134,200 vehicles in China. Indian broad index Nifty declined for a fifth straight day. In China spending on IT projects has increased by 6.73% y-o-y to 2.13 trillion yuan.
Today US oil prices increased following a week of declines. Smartphone maker HTC reported lower-than-forecasted profit in the last quarter of 2013. Asian markets began the day with losses as investors remain cautious.