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Indian shares gain most in over three months MUMBAI: Indian shares surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals.Traders said a report from news channel Zee Business that Standard & Poor's would raise its rating on India had also boosted shares. S&P officials were not immediately reachable for comment.However, analysts say a full grade upgrade is unlikely given that India is at a "negative" outlook, meaning any move would likely first involve changing this to "stable."The strong gains on Thursday made India an outlier given most other emerging Asian markets fell after the US Federal Reserve suggested it could raise interest rates faster than expected when it starts increasing, although it renewed its pledge to keep borrowing costs low for a "considerable time."Traders cited speculation of strong inflows into India, with investors noting ...

Wall St ends up after Fed; Dow at record high NEW YORK: US stocks ended up on Wednesday, with the Dow at a record high, after the US Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time" and repeated its concerns about slack in the labor market, standing firm against calls to overhaul its policy statement. Based on the latest available data, the Dow Jones industrial average rose 24.95 points, or 0.15 percent, to 17,156.92, the S&P 500 gained ...
With IPO, Alibaba looks to unlock new markets WASHINGTON: Alibaba's record-setting stock offering due this week gives the Chinese online group a huge war chest that can help its global expansion.Yet it remains to be seen whether the initial public offering (IPO) will propel Alibaba into challenger for the dominant technology firms like Amazon, Google and eBay, analysts say.Alibaba this week boosted the price range for what was already expected to be the biggest stock offering on record, and will raise as much ...
US stocks hit record as Fed holds to easy-money policy WASHINGTON: The Federal Reserve stuck to its slow-but-steady plans to tighten monetary policy Wednesday, disappointing so-called inflation hawks but sending US stocks to a fresh record.Amid an intensified discussion over whether the crisis-era easy-money policies are stoking asset bubbles and could unleash inflation, Fed policy makers decided the US economy will still need "unconventional" support well into next year.After a two-day meeting, the Federal Open Market Committee led by dovish Fed Chair Janet Yellen left ...
Dow closes at record high after Fed holds policy course NEW YORK: The Dow Wednesday closed at a record high after the US Federal Reserve stuck to a plan to begin raising near-zero interest rates only in 2015.The Dow Jones Industrial Average rose by 24.88 points (0.15 percent) to 17,156.85, breaking the prior record by about 18 points. The broad-based S&P 500 gained 2.59 (0.13 percent) at 2,001.57, while the tech-rich Nasdaq Composite Index advanced 9.43 (0.21 percent) to 4,562.19.The Dow bolted as high as ...
US high-speed trading firm fined $16m for low capital NEW YORK: US regulators fined a high-frequency trading firm $16 million for violating minimum capital requirements, a record sanction for such a violation, the Securities and Exchange Commission announced Wednesday.Latour Trading agreed to the penalty to settle the charges after regulators discovered the New York-based company held inadequate capital to cover very large trading positions on 19 of 24 dates investigated in a two-year stretch.The prior record fine for such a violation was $400,000. During ...
Stocks flat as investors await Fed policy statement: global markets NEW YORK: Stock markets around the world were little changed on Wednesday as investors awaited the Federal Reserve's policy statement, with expectations high that the US central bank will maintain a pledge to keep rates low for a "considerable time."Shares rose early, boosted by a report that China's central bank would provide the country's big lenders with fresh funds, but stocks pared gains as the release of the Fed's policy statement, due at 2 p.m. ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln