Investing.com – India equities were higher at the close on Tuesday, as gains in the Auto, IT and Technology sectors propelled shares higher. At the close in NSE, the Nifty 50 gained 1.07%, while the BSE Sensex 30 index climbed 0.90%. The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 5.16%...
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(Reuters) - French Connection said on Tuesday it was mulling a sale and sought potential suitors as Spotlight Brands and Gordon Brothers backed out from making an offer to buy the struggling British fashion retailer after the investment firms approached it last month. The retailer, in two separate statements, said it was beginning a formal sale process and had been approached...
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By Geoffrey Smith Investing.com -- U.S. stock markets opened modestly lower on Tuesday, correcting a little after posting their strongest day in three months on Monday. By 9:55 AM ET (1455 GMT), the Dow Jones Industrial Average was down 39 points, or 0.1%, while the S&P 500 was down 0.2% and the Nasdaq Composite was down 0.6%. The most prominent moves came in...
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By Geoffrey Smith Investing.com -- The number of Covid-19 cases worldwide rose for the first time in eight weeks last week as the World Health Organization said people are “letting down their guard.” China’s top regulator sends a chill through local markets by warning about bubbles, and Target and Ross Stores lead a bunch of retail earnings. Oil is taking...
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By Geoffrey Smith Investing.com -- Boohoo 's (LON:BOOH) past is catching up with it, again. The U.K.-based fast fashion chain saw its stock fall over 7% at one point on Tuesday after Sky News reported that the company faces a possible import ban into the U.S. over past allegations of using slave labour in its supply chain. The NGO Liberty Shared, which...
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(Bloomberg) -- There’s no immediate end in sight for bond investors getting tugged between risk-on rallies and selloffs that rekindled nightmares of the 2013 taper tantrum, according to the world’s largest money manager. Sergio Trigo Paz, the London-based head of emerging-market debt at BlackRock Inc (NYSE:BLK)., said he’s bracing for a repeat of January and February, when developing-nation assets vacillated from several weeks...
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By Peter Nurse Investing.com - U.S. stocks are seen opening lower Tuesday, handing back some of the previous session’s strong gains - although losses are limited as Treasury yields stabilize. At 7 AM ET (1200 GMT), the Dow Futures contract was down 55 points, or 0.2%, S&P 500 Futures traded 10 points, or 0.3%, lower, and Nasdaq 100 Futures dropped 44 points, or...
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By Geoffrey Smith Investing.com -- Boohoo 's (LON:BOOH) past is catching up with it, again. The U.K.-based fast fashion chain saw its stock fall over 7% at one point on Tuesday after Sky News reported that the company faces a possible import ban into the U.S. over past allegations of using slave labor in its supply chain. The NGO Liberty Shared,...
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By Samuel Indyk Investing.com – Renishaw (LON:RSW) has said it is putting itself up for sale as the founders of the company look to sell their controlling stake. Sir David McMurtry and John Deer, Executive Chairman and Non-Executive Deputy Chairman, respectively, have told the board they intend to sell their shareholdings in the engineering company and as such, the board has...
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By Joice Alves and Ritvik Carvalho LONDON (Reuters) - A surging pound is failing to hold back Britain's exporter-heavy blue-chip FTSE 100 in 2021, as its impact is outweighed by expectations vaccine rollouts will boost global economic growth and commodity prices will rise. Sterling, the best performing G10 currency in 2021, has risen to near its highest in three years as global...
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