Buffett can't predict how negative rates will affect economy

Buffett released his annual letter to Berkshire shareholders over the weekend. Buffett told the cable television network he did not think he was wrong for owning IBM shares so far, but said it "could be" a mistake. Clayton, he said, keeps all of ... More..

by | Published more than a month ago
Union Budget 2016 17 Rs 36 000 crore allocated for farm sector
by | Monday, February 29, 2016

Union Budget 2016 17 Rs 36 000 crore allocated for farm sector

Jaitley made a decision to stick to a fiscal deficit target of 3.5% and unveiled a new policy for sale of PSUs to raise additional resources as well as tried to address lingering tax issues with one-time se...More..

Valeant stock drops following earnings fumble
by | Monday, February 29, 2016

Valeant stock drops following earnings fumble

The very sectors that led stocks higher Monday - energy and materials - dragged the markets down on Tuesday as Wall Street renewed its affinity for safer assets. Credit Suisse AG now owns 1,540,396 shares of th...More..

by | Monday, February 29, 2016

Bullish Oil Bets Rise as Hedge Funds See Crude Supply Tightening

USA crude futures were up 17 cents at US$32.95. At the same time, financial traders have raised sharply their bullish bets on oil after talk of a global production freeze, signs of falling USA shale crude o...More..

Global Stocks Slide on China Currency Concerns
by | Monday, February 29, 2016

Global Stocks Slide on China Currency Concerns

The People's Bank of China reduced its reserve requirement ratio by 0.5% to 17.0%, effective March 1. The weaker currency hurt sentiment on the stock market, with the benchmark Shanghai Composite Index clos...More..

Icahn offers to buy remaining stake in Federal-Mogul
by | Monday, February 29, 2016

Icahn offers to buy remaining stake in Federal-Mogul

In a February 28 letter to the board, Icahn said the deal would be contingent on approval from a special committee of independent directors as well as approval by an informed vote of a majority of shareholders ...More..