ECB leads the big parade, Fed strolls the other way

When Morocco’s central bank cut interest rates on March 22, it joined a parade of 46 others that have eased monetary policy at least once since the beginning of 2015. Perhaps more trenchantly, it was also the 15th time this year – still less than a quarter old – that a central bank has eased policy in some… Read More »

The iPhone 5s has apparently been discontinued

Looks like Apple has stopped selling the iPhone 5s as the device is no longer listed on the Cupertino-based company’s official website. A quick looks reveals that the phone has been replaced by the newly-launched iPhone SE. While we are yet to hear an official confirmation on this, the discontinuation shouldn’t really come as a big surprise given… Read More »

Apple to launch the iPhone SE in India on April 8

Apple will begin selling the new iPhone SE in India starting April 8, according to Redington India. The phone will be sold through 3000 retail outlets across the country. Apple previously announced that India will be among the second wave of countries to get the iPhone SE in “early April”. The company also issued a press release stating… Read More »

iPhone SE: 2GB of RAM, old TouchID and selfie cam

So, the new Apple iPhone SE went official yesterday and it’s very much an iPhone 6s internals in a 5s body. Well, almost… As you’ve probably heard, the SE will not support Force Touch, but on the upside, AnTuTu detected 2GB of RAM – as much as the 6s has and double what the 6 and those before… Read More »

Android 6.0.1 update hitting Moto X Play units in Canada and India

Motorola’s Moto X Play smartphone has started receiving the Android 6.0.1 update in Canada and India. The update includes the latest Android security patch as well as the new emoji pack. In addition, the update also brings along the ability to launch the camera by double-pressing the power button and turn off and on the sound of the… Read More »

Nikkei edges down in choppy trade, volume smallest since last December

apanese stocks edged down in choppy trade on Wednesday as investors struggled to find new catalysts, while many of them remained wary over the dollar-yen moves. The Nikkei share average fell 0.3 percent to 17,000.98. The broader Topix dropped 0.4 percent to 1,364.20, with only 1.6 billion shares changing hands, the lowest level since late December. The JPX-Nikkei… Read More »

Looming debt sales threaten India’s bond rally

A rally in India’s bond market this month could prove short-lived as investors brace for as much as $157 billion in sovereign debt sales over the next year, including from states financing a big bailout of electricity utilities, analysts warn. The amount of supply expected will be well above the $130 billion raised this fiscal year ending on… Read More »

Spot gold hits 1-week low as dollar gains dampen safe-haven trade

Spot gold hit its lowest in a week on Wednesday, with the impact of a stronger dollar outweighing a slight swell in the metal’s safe-haven appeal after attacks on an airport and a rush-hour metro train in Brussels. Overnight news of the attacks in Belgium, and hawkish comments from another U.S. Federal Reserve official have underpinned the U.S.… Read More »

Metals shine: Nifty Metal index at 7-month high

Metal shares continued to trade higher on the bourses on Wednesday, with the Nifty Metal index touching seven-month high on National Stock Exchange (NSE) today. Hindalco Industries, Bhushan Steel, Steel Authority of India (SAIL), Vedanta, Jindal Steel & Power and National Aluminium Company are trading higher over 1% each. Read more from our special coverage on “METAL” Metal… Read More »

Telecom shares gain in a weak market; Bharti Airtel up 2%

Telecom shares continued to trade firm in an otherwise weak market amid reports that Reliance Jio may delay its launch of 4G service while Moody’s report on the Bharti-Videocon deal also boosted sentiment. At 1:10am, the S&P BSE Sensex was down 104 points at 25,226 and the Nifty50 dipped 28 points to 7,687. Meanwhile, foreign institutional investors continued… Read More »