Share market update: Tyre stocks mixed; Apollo Tyres gains 4%
The 30 shares BSE Sensex was up 283.24 points at 41589.26. – Stocks-Markets-Economic Times
Month: January 2020
Nifty Clocks New Record Closing High As Markets Extend Gains To 2nd Day
Thirty seven stocks on the 50-scrip index ended higher. Top percentage gainers were Tata Motors, Tata Steel, UltraTech Cement, JSW Steel and IndusInd Bank, finishing the session with gains ranging… … Read More
Tesla says will start delivering China-made Model 3s to public on Jan. 7
Tesla Inc will deliver its first Chinese made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told … Read More
Dollar snaps six-day losing streak, yuan shrugs off PBOC cash injection
The dollar snapped a six-day losing streak to add 0.2% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off … Read More
India electricity supply down 1.1% in December, declines for fifth straight month
India’s electricity supply fell for the fifth straight month in December, but declined at a slower pace than in November, provisional government data showed. – Reuters: Money News
UK manufacturing output slides at fastest rate since 2012 – PMI
British factory output fell in December at the fastest rate since 2012 as a tepid global economy hurt demand and businesses further reduced stocks of goods they had built up … Read More
German employment hits record high in 2019
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said on Thursday. … Read More
Hyundai, Kia sales drop to 7-year low on China weakness, forecast better 2020
South Korea’s Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as business in China slumped, missing their target for a fifth straight … Read More
Austrian sensor maker AMS secures 59.9% Osram stake
Austrian sensor maker AMS on Thursday said it had secured a 59.9% stake in German lighting group Osram, reaching a 55% minimum threshold but falling short of a 75% hurdle … Read More
VW starts settlement talks with German consumer groups over diesel scandal
Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. … Read More