Market roundup: Dow +0.63% to 13596. S&P +0.56% to 1481. Gold +0.08% to $1689. London +0.46% . Germany +0.58%. France +0.96%.
US stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay. Asian markets seem to be high on the same ground as well. (Bloomberg)
The government has deregulated the diesel prices and has authorized state-run oil marketing companies to raise diesel prices in small amounts from time to time. Although, the partial diesel deregulation is an important step forward, its proper implementation is key to bring about the intended change. BPCL[stockquote]BPCL[/stockquote], IOC[stockquote]IOC[/stockquote] and HPCL[stockquote]HPCL[/stockquote] were up 3%-6.5% yesterday .(MINT)
Air India today temporarily stopped operations of its Boeing 787 Dreamliner aircraft on the directive of the country’s aviation regulatory authority, the DGCA. This decision was taken after US Federal Aviation authority directive warned of a potential fire hazard on the aircraft. (ET)
When it comes to core operating profit, state run banks will likely have a dull third quarter as a slowdown in economic activity forced companies to rein in their capital-intensive projects. Bad debts at 5.54% are a major cause of concern. IDBI [stockquote]IDBI[/stockquote] comes out with its Q3 result today. [MINT]
When the economic crisis erupted in 2008, many Europeans assumed they were facing a couple of bad years. But the crisis, now in its fifth year, seems to go on and on, using up unemployment benefits, eating through savings accounts and dashing dreams of an easy retirement. Here is an account of what is the condition around the European countries in a photo-journalistic format with no way out in sight. (NYTIMES)