NEW DELHI: The domestic equity benchmark BSE Sensex was trading 187.77 points down at 37,264.07 on account of selling in frontline bluechip counters. Shares of Gayatri Highways (down 19.67 per cent), Suncare Traders (down 17.93 per cent), Sahara Housing (down 11.78 per cent), APM Industries (down 9.48 per cent), Waa Solar (down 8.91 per cent), Century Extrus (down 8.75 per cent), Ansal Housing (down 8.66 per cent), Innovative Tech (down 8.52 per cent), Simran Farms (down 7.82 per cent), Suzlon Energy (down 7.67 per cent) and Indiabulls Housing Finance (down 6.25 per cent) were among the worst performers. In the Nifty pack, 10 stocks were trading in the green, while 40 stocks were in the red. The Nifty index was trading 54.75 points down at 10,991.35. … [Read more...] about Share market update: Indiabulls Housing Finance, Suzlon Energy among top losers on BSE
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This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
Stocks dropped more than 1 percent on Wednesday amid fresh worries about a U.S.-China trade deal, following the passage of legislation in the United States Senate supporting the Hong Kong protests. The Korean won fell against the dollar.The benchmark Kospi was down 27.92 points, or 1.3 percent, to 2,125.32. Trading volume was moderate at 573 million shares worth 5.5 trillion won ($4.7 billion), with losers far outnumbering winners 717 to 134.On Tuesday, the United States Senate unanimously passed the legislation that centers on protecting human rights in Hong Kong as the Chinese government’s crackdown on a pro-democracy protest movement. In response, China lodged a stern protest against the United States embassy in Beijing on Wednesday.“The United States senate passed Hong Kong human rights legislation, which brought concerns that U.S.-China relations could worsen,” Lee Won, an analyst at Bookook Securities, said.Foreigners and institutional investors offloaded a net … [Read more...] about Market falls 1 percent as trade tensions escalate
Photo: Courtesy Of CJ-CGV Photo: Courtesy Of CJ-CGV Image 1 of / 1 Caption Close Image 1 of 1 Photo: Courtesy Of CJ-CGV CJ CGV Sells $286 Million Stake in Asian Cinema Businesses 1 / 1 Back to Gallery CJ CGV, the Korean movie theaters giant, is to raise $286 million from the sale of a slice of its Indonesian, Vietnamese and Chinese businesses. The company, which has its own stock market listing and is affiliated to the CJ Group, which includes CJ E&M and CJ Entertainment, said this week that it had sold a 29% stake in CGI Holdings to financial investors MBK Partners and Mirae Asset Daewoo. The move is understood to be the precursor of an IPO of the overseas businesses on the Hong Kong Stock Exchange. More from Variety Korea's CJ CGV to Open Third … [Read more...] about CJ CGV Sells $286 Million Stake in Asian Cinema Businesses
Chip Wilson with several look-alikes at his book release pop-up in SoHo. Photo: Mark Abramson Chip Wilson is the founder of Lululemon Athletica, but you probably remember him as the guy who resigned as the chairman of Lululemon’s board after suggesting, more or less, that problems with some of the company’s pants were due to women’s being too fat for them, and not to inferior materials. “There has always been pilling,” he told then-Bloomberg Television anchor Trish Regan in 2013. “The thing is that women will wear seat belts that don’t work or they’ll wear a purse that doesn’t work or, quite frankly, some women’s bodies just don’t work for it.” Part of his argument was that some women’s thighs were rubbing together, causing the pants to pill. This diagnosis of user-error-through-thiccness was received poorly by the company’s customer base. Lululemon had already faced turmoil in the lead-up to … [Read more...] about Lululemon’s Chip Wilson Is an Unlikely Empowerment Guru. That Could Be Why He’s a Billionaire.