Recent Posts

Indian stocks swing as financial strength of companies in focus

Bloomberg Indian stocks fluctuated as investor concerns over the financial vulnerability of local companies emerged ahead of the federal budget this week. Shares in major Asian markets were in the red after their US counterparts retreated on signs of slowing global growth. The S&P BSE Sensex fell 0.2 percent to 35,592.50 at the close in Mumbai after swinging between gains ...

Read More »

Creditors prowl Caribbean for ‘Venezuela oil’

Bloomberg Laden with 400,000 barrels of Venezuelan oil, the Icaro sits in the azure waters of the Caribbean just off the Dutch island of Curacao. It’s been there more than a month, and it’s not going anywhere until state-owned oil company PDVSA pays its bills. The Icaro has become an unlikely but telling symbol of Venezuela’s woes. And it shows ...

Read More »

Adani Gas surges after India top court victory

Bloomberg Adani Gas Ltd surged the most in nearly two months after India’s top court nullified orders restricting its network expansion. Shares jumped as much as 6.8 percent to 94.55 rupees, the biggest intraday gain since December 5, before paring its advance to 3.4 percent in Mumbai. The benchmark NSE Nifty 50 index was little changed. A two-judge Supreme Court ...

Read More »
Send this to a friend