Metal stocks rallied for the fourth consecutive session on Wednesday, which saw the Nifty Metal index hitting a lifetime high. Rollover of positions to the January derivative series and a reversal in the dollar index are aiding the up move in the stocks in the sector. In four sessions, the Nifty Metal index has gained … Read more
Wolfgang Schäuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis more than two decades later, has died. He was 81. Schäuble died at home on Tuesday evening, his family told the German news agency dpa on … Read more
Trinamool Congress leader Derek O’Brien on Wednesday said Parliament has turned into a “deep, dark chamber,” as he accused the central government of maintaining silence on the security breach. In a post on X, O’Brien said that unlike now, after the 2001 Parliament attack, the then prime minister and home minister had given statements in … Read more
A luxury ski chalet in the Italian Alps – featuring a helipad, indoor pool and outdoor whirlpool bath with a view of the Matterhorn – has gone on sale for €24m (£21m), making it the region’s most expensive listing. The 13,000 sq ft property has been listed on Savills for the first time after five … Read more
Wolfgang Schaeuble, who served as a member of the German parliament for over half a century, has died aged 81, ending one of Germany’s longest political careers in which he helped secure his country’s place at the heart of Europe. Schaeuble, who spent much of his career devoted to re-unifying his country and later served … Read more
It was the 2000s, and fossil fuel prices were rising worldwide. After a period of volatility in the 1980s, the crude oil price per barrel had reached one its lowest points – $20 – at the end of 2001 but then, over the course of six years, it tripled before a new oil shock saw … Read more
Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more
Introduction: Markets in Santa rally as soft landing hopes build Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Global stock markets are embarking on an end-of-year ‘Santa rally’, as City traders and investors return to their desks after the Christmas break for the final push into … Read more
Shares of Happy Forgings, which makes complex machinery components, debuted on stock exchanges on Wednesday at a lower-than-expected listing gain of 18% at Rs 1,000 apiece compared to its IPO issue price of Rs 850. Following the listing, the stock was trading just about 1% higher at Rs 1,010 on the BSE in the morning … Read more
A long serving volunteer at one of England’s first food banks has said they had no idea the service would change society and become “part of the culture”. Graham Herbert, 54, started volunteering at Salisbury food bank more than 20 years ago when it was a pioneering service and – unbeknown to him and his … Read more
