APN News

  • Friday, September, 2023| Today's Market | Current Time: 12:12:19

    • Markets

    Gold May Advance as Concern Economic Recovery May Falter Boosting Demand By Sangeeth C Cherian

    Gold, little changed, may extend gains after jumping to a seven-week high yesterday as concern that the global economic recovery may falter spurs demand for bullion as a store of wealth. Bullion is headed for a third weekly advance and gold exchange-traded fund holdings in the past two weeks pared some of the decline from […]

    Business

    HP’s Quarterly Profit up 6 Percent

    Hewlett-Packard Co. (HP)  reported that its profit rose 6 percent in the most recent quarter thanks to robust sales of servers and personal computers. In its third fiscal quarter ended on July 31, HP’s net income reached 1.8 billion U.S. dollars, compared with 1.7 billion dollars in the same period a year earlier. Revenue in […]

    Banking

    Corporate must seek tough govt purchase order norms: Com Min

    Peeved that corporates in India have to face tough norms in global government purchase orders totalling an estimated USD 3 trillion, the Commerce Ministry has suggested that the industry too should root for similar norms back home. “I (India) have given my market to everbody in the globe, …(but) I do not get access in […]

    Banking

    Indian, Chinese middle class new engine of global growth: ADB

    Asia’s middle class population, led by China and India, will replace the role of the US and Europe as engines of growth for the world economy, said the Asian Development Bank (ADB) in New Delhi Asian consumers are likely to spend USD 32 trillion by 2030, accounting for 43 per cent of global total consumption, […]

    Business

    Offshore your business requirements

    If outsourcing your business needs to one who is not on your shore or one who is beyond your shore. Offshore outsourcing is a concept in which the buyer of the service is located in some other country then the provider of the service. In the Recent trends, companies are interested to go with offshore […]

    Banking

    Everbright Bank Makes Shanghai Debut

    China’s stocks opened slightly higher Wednesday with the benchmark Shanghai Composite Index up 0.1 percent to open at 2,674.5 points. The Shenzhen Component Index rose 0.2 percent to open at 11,304.12 points. China Everbright Bank made its debut on the Shanghai bourse Wednesday, with its share price opened at 3.37 yuan (about 0.49 U.S. dollars), […]

    Currency

    Rupee marginally down by 2 paise against dollar in early trade

    The rupee on Wednesday depreciated by 2 paise against the dollar in early trade as the US currency strengthened against major world currencies. At the Interbank Foreign Exchange market, the domestic unit was quoted 2 paise lower at 46.66 a dollar The rupee had settled 16 paise higher at 46.64/65 a dollar on Tuesday. Dealers […]

    Banking

    World Bank to provide USD 900 million to flood-hit Pak

    The World Bank has agreed to provide USD 900 million financial aid to Pakistan which has been hit by devastating floods affecting 14 million people and leading to crop loss estimated at USD 1 billion. “The Government of Pakistan has requested around USD 900 million of financial support from the World Bank, which we have […]

    Banking

    China’s FDI up Nearly 30 Pct in July

     The amount of foreign direct investment (FDI) China received in July rose by 29.2 percent year on year to 6.924billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Tuesday. The figure brought the country’s FDI inflow to 58.35 billion U.S. dollars in the first seven months of the year, an increase […]

    Stock & Share

    U.S. Stocks Halt Losing Streak

    The U.S. stocks closed slightly up after fluctuating throughout the session on Monday, as a slowing Japanese economic growth and weak U.S. economic data weighed on the market. Stocks opened lower after Japan reported that its economy grew at only 0.1 percent in the second quarter this year, much lower than the 1.2-percent growth in […]

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