US banking crisis reaching European shores – As it’s happening
Fears of a new banking crisis, this time in Europe, were rekindled by news that Credit Suisse’s largest investors were…
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AUD/USD struggles to hold above 0.6600 as risk aversion dominates
On Wednesday, the AUD/USD currency pair is under selling pressure as risk-averse investors become more worried about recent disastrous developments…
S&P 500 plummets as sentiment deteriorates amidst banking contagion fears, Credit Suisse falls 24%
As the banking crisis worsened, Wall Street imploded. Credit Suisse’s (CS) stock fell 24% in one day as a result…
Merchandise exports down 9% in Feb
New Delhi: A sustained downturn in demand across important markets, such as the US and the European Union, was the…
S&P 500 Index: The low point is likely to be at 3,500 and 4,200 as the high point – SocGen
Société Générale economists predict that the S&P 500 Index will trade between 3,500 and 4,200. Marginally down to 3,800 by…
Gold extends rally toward $1,930 as global yields slump
On Wednesday, the gold price gained positive momentum and reclaimed the $1,920 level. The instability at Credit Suisse appears to…
EUR/USD extends slide below 1.0550 as USD rally picks up steam
In the latter half of the day, as risk aversion dominated the financial markets and the USD gained strength, the…
Brokerage remains bullish on this IT stock, sees 24% upside potential
According to domestic brokerage and research firm ICICI Securities, the newly combined Larsen & Toubro Infotech and Mindtree (LTIMindtree) might…