Today’s Headlines
1) Fiat launches compact SUV Avventura at a starting price of Rs 5.99 lakh.
2) Daimler sees $780 million windfall from sale of Tesla stake.
3) Low corporate loan demand, falling bond yields likely to pinch Punjab National Bank’s margin.
4) Navayuga Power in talks with Toshiba, Sumitomo, Mitsubishi & GDF Suez to sell power stake.
Commodity Key Headlines
1) Chevron to Petronas Canada LNG Proposals Get B.C. Tax Cut.
2) Lundin-Backed Miner to Buy Ecuador Project From Kinross.
3) Corn Retreats after Biggest Advance in a Week on Harvest Outlook.
4) Tin’s New Frontier Myanmar Threatens Indonesia: Southeast Asia.
5) Gold Trades Near Six-Week High as Diwali Seen Spurring Purchases.
6) Crude Rises After Chinese Growth Exceeds Expectations.
7) Coal Miner MLP Rhino Plummets after Cutting Dividend.
8) Soybean Futures Rise Most in a Week on U.S. Export Demand.
Today’s Headlines
1) The euro declined against the dollar after Reuters reported the European Central Bank is looking to buy corporate bonds on the secondary markets, damping demand for the shared currency.
2) National Commercial Bank, (NCB) the Saudi Arabian lender planning an initial public offering, probably needs to divest about $38 billion of assets to meet a goal of becoming fully Shariah-compliant in five years.
3) China’s economic growth beat analysts’ estimates last quarter as export demand quickened and services expanded, bolstering the government’s case for avoiding broader stimulus measures.
Resource by:- http://rrfcl.blogspot.in/2014/10/crude-rises-after-chinese-growth.html