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Friday
November 2020
2:24 AM IST
News Headlines
End of an era: Argentina football legend Diego Maradona dies        Greg Barclay elected ICC's Independent Chair        Have great respect for Indian bowlers but our batsmen have seen them a lot: Langer        Rupee rises 6 paise to 73.95 against US dollar in early trade        Biden seeks swift Cabinet votes, but GOP Senate stays silent        As virus cases spike, financial outlook for world's airlines dims        Nivar makes landfall, weakens into severe cyclonic storm        Senior Congress leader Ahmed Patel passes away at 71        India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079        Left Govt moves ahead with projects having no central clearances: Chennithala        Kerala Cabinet decides to approach Governor to repeal new ordinance        Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM        Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today        UP okays ordinance against conversion for marriage, violators face up to 10 yrs in jail        Govts have to work as team to ensure vaccination drive is smooth, sustained: PM Modi        ICC nominates Kohli, Ashwin for Men''s Player of the Decade Award        Rohit, Ishant to miss first two Australia Tests, also doubtful for remaining two: BCCI source        India''s home series against England to feature four Tests instead of five        Odisha pay the penalty as Hyderabad keep first-ever clean sheet        Looking at India squad, Surya could have been there: Brian Lara        
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Business News
Asian shares rise after Wall Street gains on solid earnings
 
Tokyo, Oct 21 (AP) Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.

Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's S&P/ASX 200 edged up 0.1% to 6,192.30. Hong Kong's Hang Seng was up 0.7% at 24,748.91. The Shanghai Composite gained slipped 0.5% to 3,312.41.

Asian shares have tracked the moves on Wall Street lately, as much of the region's export-dependent economies depend on robust trade, slammed by the coronavirus pandemic.

Investors also had their eye on Washington in hopes that Democrats and Republicans will reach a deal to deliver more aid for the economy.

Markets have been cheered by hopes of a fiscal stimulus deal between Republicans and Democrats even as the Tuesday deadline loomed as all sides expressed goodwill as well as flexibility in the timeline to reach a compromise deal sooner rather than later, Mizuho Bank said in its daily markets report.

Technology, communication and financial stocks powered most of the gains on Wall Street. Traders bid up shares in several companies that reported quarterly results that were better than analysts expected, including Procter & Gamble, Regions Financial, Albertsons and Travelers.

Others didn't fare as well. Netflix shares fell in after-hours trading after the streaming service reported third-quarter earnings and a tally of new subscribers that fell short of analysts' expectations.

The S&P 500 rose 0.5% to 3,443.12. The Dow Jones Industrial Average of big blue chips gained 0.4% to 28,308.79. The Nasdaq composite snapped a five-day losing streak, rising 0.3% to 11,516.49.

Stocks have been mostly pushing higher this month after giving back some of their big gains this year in a sudden September swoon. The benchmark S&P 500 has notched a gain in each of the past three weeks.

Google parent Alphabet rose 1.4% after the Justice Department sued the company for antitrust violations. The lawsuit could be an opening salvo ahead of other major government antitrust actions, given ongoing federal probes of other major tech companies, including Apple, Amazon and Facebook.

The Big Tech stocks have been investor favorites this year, because the companies are expected to do well during and after the pandemic. That these companies could one day face the risk of an antitrust case is a risk investors have, or should have, long considered.

Procter & Gamble rose 0.4% after the consumer products company reported solid fiscal first-quarter results and raised its earnings outlook. Insurer the Travelers Cos. gained 5.6% after its latest earnings topped Wall Street's estimates, thanks partly to lower-than-expected losses on claims.

In energy trading, U.S. benchmark crude lost 16 cents to 41.54 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, it gained 63 cents to 41.70 per barrel. Brent crude, the international standard, lost 27 cents to 42.89 a barrel.

The U.S. dollar inched down to 105.45 Japanese yen from 105.47 yen late Tuesday. The euro cost 1.1838, up from 1.1823.


Rupee rises 6 paise to 73.95 against US dollar in early trade
Rupee opens on flat note against US dollar
Petrol, diesel prices rise for third straight day
Rupee rises for 3rd day, up 27 paise to 74.19 per USD
Lakshmi Vilas Bank shares tank 20 pc after getting placed under moratorium
Diesel sales fall 5 pc in Nov after reaching pre-COVID levels in Oct
COVID-19 hits shopping mall launches in the country
Iffco reduces NP fertiliser price by Rs 50 to Rs 925/bag
Asian shares mostly higher as focus shifts to virus recovery
CII urges Union Finance Ministry to explore ECLGS for supporting resource starved stressed sectors
Tata Motors drives in new Altroz trim at Rs 6.6 lakh
Saudi PIF invest Rs 9,555 crore in Reliance Retail Ventures
OPPO India launches Wall of Knowledge initative
Rupee slumps 33 paise to 74.74 against US dollar in early trade
Two footwear units of Von Wellx Germany become operational in Agra
Sensex ends 144 pts higher; financial stocks sparkle
Vistara to start flights to Bangladesh from Nov 5 under air bubble pact
Sharing best practices, knowledge among SCO members to help startups: Goyal
Cathay Pacific cuts 8,500 jobs, shutters regional airline
HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr
KERALA NEWS
Left Govt moves ahead with projects having no central clearances: Chennithala
 Thiruvananthapuram: Opposition leader in Kerala Assembly Ramesh Chennithala on Tuesday alleged that  
Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM
Ker FM hits out at ED over reported probe against KIIFB; Opp says he has "something to hide"
Kerala adds 5,294 fresh COVID-19 cases; Active cases 65,856
INTERNATIONAL NEWS
Biden seeks swift Cabinet votes, but GOP Senate stays silent
 Washington: As President-elect Joe Biden started rolling out his administrative team, one voice has
As virus cases spike, financial outlook for world's airlines dims
Biden's first Cabinet picks expected Tuesday amid roadblocks
Hong Kong's Joshua Wong to plead guilty to protest charges
NATIONAL NEWS
Nivar makes landfall, weakens into severe cyclonic storm
 Chennai: Very severe cyclonic storm Nivar made landfall near Puducherry in the early hours of Thursd
Senior Congress leader Ahmed Patel passes away at 71
India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079
Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today
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