share market - Page 1 of 20 | The Peninsula Newspaper rchive

1. HPCL to invest Rs 1~300cr in 2001-02

Business News/share market

HINDUSTAN Petroleum Corporation will invest Rs 1,300 crore during the current fiscal year of which Rs 600 crore would be sought from the Oil Industry Development Board.

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Business News/share market

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3. Why single out Bharat Shah

Business News/share market

On the other hand, a high drama ensued in the Mumbai High Court yesterday when Shah's counsel Kapil Sibal raised some contentious points, accusing police of having acted in a biased manner in arresting his client.

4. US economic slowdown continues

Business News/share market

WASHINGTON: The US economy slowed to a barely discernible 0.7 per cent growth rate in the spring, the weakest performance in eight years, as businesses cut investment spending by the largest amount in nearly two decades.

5. India to close down Dubai trade office

Business News/share market

New Delhi: India has decided to close down its one-man Dubai India Trade Centre from the first week of August because of failure to achieve its business objectives.

6. Bank of England warns of economic risks

Business News/share market

LONDON:Economic growth in Britain will drift down to around two per cent this year from 3.1 per cent in 2000, and recover only slightly next year, the Bank of England has forecast.

7. Absence of regulated market could hinder rise of Saudi index

Business News/share market

DUBAI: Saudi stocks are expected to have outstripped last year’s 11.3 per cent rise by the end of 2001, pushed higher by firm oil prices, strong blue chips and economic reforms, Saudi economists said.

8. Gulf bourses make gains; Palestinian index slides

Business News/share market

RIYADH: The Egyptian stock exchange made up for losses back at the start of the month while the Palestinian bourse continued its slide in what was generally a good week for the Arab markets, the Bakheet Financial Advisors (BFA) reported yesterday.

9. Intel to slash PC prices by 50pc as rival gains ground

Business News/share market

New York: For the second time this year Intel is slashing the prices of its fastest computer chips by more than 50 per cent in a desperate effort to increase sales and win back customers. This news, coupled with a 99 per cent fall in profits at...

10. No need to file tax returns if cost of foreign trip is not borne by one

Business News/share market

I am employed in Doha for two years. My wife came to Doha to meet me. All expenditure on travel was borne by me. Since my wife does not have taxable income, she has never filed her return. Now, since she has made a foreign trip, I would like to know...

11. Manila rushing bill to curb dirty money

Business News/share market

MANILA: Legislators are rushing to pass a bill by the end of September to get the Philippines removed from a blacklist of money-laundering havens, officials said yesterday.

12. Qatar~ Bahrain and Kuwait indices rise

Business News/share market

RIYADH: The Jerusalem index of the Palestinian territories continued to feel the effects of the Intifada, or uprising, in a mixed week for Arab stock markets, Bakheet Financial Advisers (BFA) reported yesterday.

13. Weak sentiment on BSE to continue

Business News/share market

Mumbai: Despite signs of recovery in the US economy and India’s market watchdog recommending steps to improve liquidity, trading in domestic bourses is expected to remain dull and directionless in the coming sessions, analysts said yesterday.

14. New Dow average indicator

Business News/share market

NEW YORK: Investors may soon have a new way to predict how the Dow Jones industrial average will open due to a collaboration between Dow Jones Indexes and Germany’s Deutsche Boerse.

15. Investors in India set to reap benefits of shift in US foreign policy

Business News/share market

HONG KONG: Investors in India are set to reap the benefits of a shift in US foreign policy that will urge faster progress on economic reform to provide Washington with a strategic counterbalance to China in Asia.

16. ECB tipped to slash interest rates

Business News/share market

LONDON: THE European Central Bank is about to embark on a series of cuts in its interest rate, according to a new analysis from Credit Suisse First Boston (CSFB).

17. No redemption pressure on US-64~ says UTI chief

Business News/share market

CHENNAI: Unit Trust of India (UTI), the country’s largest mutual fund manager, is not facing any redemption pressure on its flagship US-64 fund after it partially eased a ban on withdrawals, its chief said yesterday.

18. Two-tonne stereo among the delights at Berlin show

Business News/share market

BERLIN: The world’s most expensive, and probably heaviest, hi-fi and a personal stereo that fits inside the ears are among the delights on offer to visitors with deep pockets at Europe’s largest consumer electronics fair.

19. Doha bourse enters 'correction' phase

Business News/share market

DOHA: Qatari shares ended the week to Thursday 0.28 per cent lower after a month-long rally which saw the index hit an all-time high on better-than-expected half-year results and an interest rate cut, brokers said.

20. Gulf bourses set to reverse last year’s dismal show

Business News/share market

DUBAI: Gulf markets, buoyed by firm oil prices, are set to reverse last year’s dismal show, after recent rallies propelled Saudi and Qatari stocks to record highs and allowed others to recoup losses, analysts said.

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