Group items tagged

An auction of French bonds on Monday had yields edging lower despite the country's credit having been downgraded by Standard & Poors on Friday.

Credit Rating agency ICRA has downgraded IDBI Bank's various debt instruments, in the backdrop of weak financial results of the bank in the third quarter of the current fiscal.

Standard & Poor's downgraded the credit ratings of 37 financial institutions after adjusting its criteria to better reflect the effects of a more intertwined global economy.

Threats that 15 eurozone nations, including Germany and France, as well as the EFSF could have their credit downgraded by S&P led to a tepid day of trading.

Despite the S&P's announcement of potential downgrades of 15 of the 17 European Union nations, stocks edged higher for most of the day before losing steam to close.

The market is thumbing its nose at the S&P European down grades - Euro-zone countries raising money at lower costs - good. Today's Rally Must Hold gains though.

Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.

France and Austria are both expected to have their AAA ratings cut Friday by Standard & Poor's, sending shock waves through the global financial markets.

Rumors of a potential buyout of MF Global have sprung up after its stock plunged amid news of a Q2 loss and credit downgrades.

The market lost early gains today as Zynga's IPO failed to garner too much excitement and optimism in Europe changed directions after downgrade notices from Fitch.

Stocks took a tumble this week as investors are concerned that the European Union has no answer to fix the ongoing debt crisis. Financials, Energy and Materials led decliners.

More bad news from Europe drove Hong Kong stocks lower as the Fitch rating agency downgraded Portugal's debt to junk status. Extremely thin turnover set the stage for volatility on Friday.

Stocks were fell in early trading as warning that several European nations were on the verge of a credit downgrade from S&P unnerved investors.

US stocks trimmed early gains to trade with modest losses, but later battled its way back into positive territory. Technology and financials, the most powerful sectors trade out in front of the action whereas the potency in the two sectors resulted in +0.65% gains.

US stocks trimmed early gains to trade with modest losses, but later battled its way back into positive territory. Technology and financials, the most powerful sectors trade out in front of the action whereas the potency in the two sectors resulted in +0.65% gains.

The 50-share NSE Nifty breached 7800 level for the first time since August 18, 2014, down 61.55 points or 0.78 percent at 7798.40. The 30-share BSE Sensex fell 179.46 points or 0.68 percent to 26117.92. About 621 shares have advanced, 828 shares declined, and 50 shares are unchanged. Shares of Tata Motors, Bharti Airtel, ICICI Bank, HDFC Bank, ITC, L&T and Wipro declined 1-2.5 percent while Infosys, Hero Motocorp and TCS bucked the trend. cle. The Indian equity market is likely to open in the red today with the SGX Nifty trading at 7821, down 55.50 points at 7:55. Globally, the US markets logged their worst week since May 2012 with benchmark indices ending in the red for the third straight week after Standard & Poor downgraded its outlook for France to negative from stable. sensex open : 26,275.07 HIGH : 26,276.57 PREV CLOSE : 26,297.38 LOWS : 26,114.88 CNX NIFTY OPEN : 7,831.00 HIGH : 7,835.10 PREV CLOSE : 7,859.95 LOWS : 7,796.00

The second ECB rate cut in five weeks was a modest one, but signals the intent of European policy makers to help the struggling economy in the face of a mounting debt crisis.

Hong Kong opened lower due to weakness in Asian stocks and retreated further at mid-morning when Mainland markets showed declines.

China and Hong Kong stocks traded lower, burdened by losses in U.S. and European markets and technical selling after blue chips fell below the 250-day moving average.