World
Greece extends closure of banks
The Greek government has extended bank closures and a 60 euro($66) daily limit on ATM withdrawals until Monday, media reported on Thursday.
 
"The bank holiday is extended to July 13," the finance ministry said in a statement late Wednesday.
 
The curbs were imposed on June 28 after a deadlock in bailout talks with creditors led a rush of withdrawals, BBC reported.
 
The announcement came after the European Central Bank (ECB) decided not to increase support for Greek banks until the debt crisis is resolved.
 
Greek Prime Minister Alexis Tsipras has said that he would submit "credible" reform plans on Thursday - ahead of a Sunday deadline by the European Union (EU) to find a solution.
 
European Council President Donald Tusk has said that this was now the "most critical moment in the history of the eurozone".
 
"The final deadline ends this week," he said after emergency talks of the eurozone leaders in Brussels on Tuesday.
 
Greece's last international bailout programme expired on June 30 and it missed an International Monetary Fund (IMF) payment.

User

NYSE resumes trading after nearly four-hour halt
The New York Stock Exchange (NYSE) resumed floor trading after more than a three-hour halt on Wednesday due to an undisclosed technical problem, officials said.
 
NYSE halted trading in all securities starting from 11.32 a.m. on Wednesday.
 
NYSE and US officials reported it as a technical issue and not the result of a cyber-attack, Xinhua reported.
 
The Federal Bureau of Investigation said no law enforcement action is needed at NYSE.
 
The White House confirmed that there was no indication of cyber-attacks in the trade suspension of the NYSE.
 
"At this point, there is no indication that malicious actors were involved in these technology issues," said Josh Earnest, the White House spokesman.
 
The trading halt came in the middle of a selloff in US stocks that was fuelled by concerns over Greece's uncertainty.
 
However, trading of NYSE securities on other platforms, including NASDAQ, was unaffected. Investors could still buy and sell NYSE-listed stocks at other venues.
 
The NYSE problem came soon after the United Airlines grounded planes at US airports for two hours due to a computer glitch.
 
The website of Wall Street Journal was also temporarily out of use for a while around mid-day for technical difficulties, and was resumed shortly.

User

Nifty, Sensex, Bank Nifty headed lower – Wednesday closing report
Nifty will be under pressure until it regains 8,440
 
We had mentioned in Tuesday’s closing report that the NSE’s CNX Nifty may move sideways but a close below 8,480 may push the index lower. The 50-stock index opened Wednesday below this level. After a range bound session till 10.30am, the benchmark started moving lower and hit a six day (including today) low. Thereafter, Nifty tried to recover, but it was not successful and closed just off the day’s low.
 
 
India VIX rose 9.09% to close at 17.7900. NSE recorded a volume of 105.84 crore shares.
 
The continuous slide in the Chinese stock markets, crashing commodity prices and the stalemate in the Greece debt talks dampened investor sentiments, leading to Indian equity markets to close at lower levels on Wednesday. 
 
The 30-scrip, S&P BSE Sensex closed 483.97 points or 1.72% down at 27,687.72 points. The Sensex touched a high of 28,031.45 points and a low of 27,635.78 points in the intra-day trade. The wider 50-scrip Nifty also closed deep in the red. It plunged 147.75 points or 1.74% at 8,363.05 points.
 
During Wednesday's intra-day trade, all 12 sector-based indices of the BSE closed the day's trade in the red.
 
The S&P BSE automobile, bank, metal, information technology (IT), oil and gas, healthcare, capital goods, fast moving consumer goods (FMCG), consumer durables and technology, entertainment and media (TECK) stocks came under intense selling pressure.
 
The S&P BSE automobile index plunged by 424.94 points, bank index crashed by 365.63 points, metal index plummeted by 357.35 points, IT index contracted by 155.43 points, and oil and gas index receded by 149.23 points.
 
The S&P BSE healthcare index fell by 121.99 points, followed by capital goods index which decreased by 88.45 points, FMCG index which declined by 76.29 points, consumer durables index edged-lower by 74.49 points and TECK index was down by 72.93 points.
 
The Sensex gainer during Wednesday's trade was: Hindustan Unilever, up 0.04% at Rs.924.
 
The major Sensex losers were: Vedanta, down 7.85% at Rs.146.10; Tata Motors, down 6.17% at Rs.405.15; Hindalco Industries, down 5.13% at Rs.101.75; Tata Steel, down 4.72% at Rs.283.40; and HDFC, down 3.54% at Rs.1,290.05.
 
 
 
All the Asian indices closed in the red. Among the Asian markets, Japan's Nikkei was down by 3.14%, China's Shanghai Composite Index crashed down by 6.14%, and Hong Kong's Hang Seng slumped by 5.84%.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)