JM: The shipping sector is a niche area of the market that doesn’t receive a lot of attention from the biggest banks and the sharpest research and trading entities.
Italian shipbuilder Fincantieri said efforts to restructure its Norwegian unit Vard could bring additional costs, sending shares down more than 5% on Friday.
Gold prices inched lower on Friday and were on track for their biggest weekly decline in 2-1/2 years as a stronger dollar weighed, while optimism around U.S.-China trade talks dented bullion’s safe-haven appeal.
Moscow Exchange is currently addressing expansion of the product package and transformation of already existing products for attracting corporates.
Russia’s Central Bank set the official dollar exchange rate at 63.73 rubles on November 9-11, which is 0.003 kopecks below the previous indicator.
Mumbai, Nov 8 () Equity benchmark BSE Sensex tumbled 330 points on Friday, tracking losses in IT, FMCG, metal and energy stocks after Moody’s cut India’s credit rating outlook citing growth concerns.
The Indian markets closed lower on Friday.
Lingering doubts about a U.S.-China trade deal, a Moody’s rating cut on India’s sovereign outlook and another power outage in South Africa dampened emerging markets on Friday but did little to take the shine off a strong week for stocks and currencies.
China is scrapping profitability requirements for initial public offerings (IPOs) on Shenzhen’s start-up board ChiNext, one of several regulatory changes to encourage more firms to raise equity funding and to create a more vibrant stock exchange.
European wholesale electricity prices could soar by around 30% by 2025 due to a recovery in gas and carbon emissions prices and the planned phase out of some coal and nuclear power generation units, S&P Global rating said in a report on Friday.