Investing.com – India equities were lower at the close on Friday, as losses in the Metals, Banking and Real Estate sectors propelled shares lower. At the close in NSE, the Nifty 50 declined 1.50%, while the BSE Sensex 30 index lost 1.50%. The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd (NS:BAJA), which rose...
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By Geoffrey Smith Investing.com -- The days when German engineering giant Siemens (OTC:SIEGY) was a bellwether for all European industry are long gone, but there is still a big read-across from its surprise update this morning, which again underlined the importance of the Chinese economy for the rest of the world. Siemens (DE:SIEGn) stock in Frankfurt rose as much as...
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By David Kirton SHENZHEN, China (Reuters) - The United States remains a "beacon of technology" to be emulated and China's Huawei Technology should consider cutting products in the wake of U.S. actions against it, the Chinese firm's founder Ren Zhengfei said in remarks made public on Friday. Ren's comments, in a letter to staff dated June of last year, were shared for...
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LONDON (Reuters) - British police said on Friday they had broken up a wedding with almost 400 guests in a "completely unacceptable breach" of COVID lockdown rules which only allow six people to attend. Under strict measures introduced at the start of the year, weddings are currently only supposed to take place under "exceptional circumstances", but officers found hundreds of people...
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By Paul Sandle and Natalie Thomas MILTON KEYNES, England (Reuters) - British couple Elizabeth Kerr and Simon O'Brien had been planning to marry in June. Then COVID-19 struck. Both contracted the disease and were rushed to Milton Keynes University Hospital in the same ambulance when their oxygen levels fell dangerously low. Kerr and O'Brien became so ill that medical staff scrambled to...
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FRANKFURT (Reuters) - Hamburg's municipal heating company and Shell (LON:RDSa), Mitsubishi (MBI) (T:7011) and Vattenfall have signed a letter of intent to develop a 100 megawatt (MW) hydrogen electrolysis plant, the city state said in a statement on Friday. Electrolysis is a carbon-free process - if powered by renewable electricity - to extract "green" hydrogen from water and a key technology in Germany's...
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By Peter Nurse Investing.com - European stock markets traded lower Friday, ending a generally positive week on a cautious note amid concerns that growing Covid-19 cases will stunt economic growth. At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.8% lower, the CAC 40 in France fell 0.8% and the U.K.'s FTSE index dropped 0.6%. U.K. retail sales only grew 0.3%...
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By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) - Tesla Inc is gearing up for an India launch but the U.S. electric carmaker is likely to remain a niche player for years, catering only to the rich and affluent in the world's second-most populous nation. India's fledgling electric vehicle (EV) market accounted for only 5,000 out of a total 2.4 million...
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LONDON (Reuters) - Investors once again stormed into stocks last week with inflows in the last three months soaring to a record $255 billion, BofA's weekly flow data showed on Friday, as "extreme policy" led to a 77% jump in world stocks from March lows. Equities attracted $21.6 billion in the week to Wednesday, mainly driven by emerging markets. In business sectors,...
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By David Milliken and Andy Bruce LONDON (Reuters) - British retailers struggled to recover in December from a partial coronavirus lockdown the previous month, marking a weak end to their worst year on record, while public debt climbed to its highest since 1962, official data showed on Friday. The figures bode poorly for Britain's economy in early 2021, which looks likely to...
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