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Tag: decline

European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

European markets decline amid US-China tensions over Hong Kong; Ocado up 14%

Finance
European markets traded lower on Friday amid strained relations between the U.S. and China over protests in Hong Kong.The pan-European Stoxx 600 fell 0.4% in early deals, with basic resources shedding 0.9% to lead losses while utilities climbed 0.3% as one of only two sectors trading in positive territory.Sentiment was dampened by a recent escalation in tensions between Washington and Beijing after U.S. President Donald Trump signed legislation in support of the Hong Kong protesters. China's foreign ministry responded, claiming the U.S. had "sinister intentions."Shares in Asia fell on concerns that the news could lessen the chances of the world's two largest economies reaching an initial "phase one" trade deal. MSCI's broadest index of Asia-Pacific shares excluding Japan sank 1%.Back in Eu...
Gross NPAs of SCBs decline by 98K cr by June: Govt

Gross NPAs of SCBs decline by 98K cr by June: Govt

Finance
NEW DELHI: The gross non-performing assets (NPAs) of scheduled commercial banks (SCBs) have declined by nearly Rs 98,000 crore to Rs 9.38 lakh crore by June-end this year, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. Gross NPAs of SCBs, which stood at Rs 10,36,187 crore on March 31, 2018, declined by Rs 97, 996 crore to Rs 9,38,191 crore as on June 30, 2019, Thakur said in a written reply during question hour in Lok Sabha. The minister was responding to Congress MP Deepak Baij's query on the amount of NPAs of various banks written off in the country during the last five years and its impact on the economy. The gross NPAs stood at Rs 3,23,464 crore as on March 31, 2015 and increased to over Rs 10.36 lakh crore figure by the end of 2017-18 fiscal on March 31,...
Manufacturing in worst decline for six years as economy fears deepen

Manufacturing in worst decline for six years as economy fears deepen

Business
By John-Paul Ford Rojas, business reporter Britain's manufacturing sector suffered its worst month since 2013 in June as it endured a hangover from Brexit stockpiling earlier in the year, according to new figures.The downturn - also blamed on reduced exports amid a global slowdown - prompted factory employers to cut jobs for the third month in a row and added to fears over the wider economy. It comes after the Bank of England recently cut its UK growth forecast for the second quarter to zero, as no-deal Brexit fears and the US-China trade war weigh on demand.Other forecasters think UK GDP is likely to have shrunk in the April-June period.The latest reading of 48.0 from the closely-watched IHS Markit/CIPS manufacturing purchasing managers' index (PMI) ...
Squeezing blood vessels may lead to Alzheimer’s cognitive decline

Squeezing blood vessels may lead to Alzheimer’s cognitive decline

Health
June 20 (UPI) -- Researchers may be closer to discovering a cause of cognitive decline brought on by Alzheimer's disease, a new study says. The constriction of cells surrounding blood vessels may cause decreased blood flow to the brain, which has already been linked to Alzheimer's disease, according to research published Thursday in the journal Science. "Since reduced blood flow is the first clinically detectable sign of Alzheimer's, our research generates new leads for possible treatments in the early phase of the disease," Ross Nortley, a researcher at University College London and study lead author, said in a news release. The researchers analyzed capillaries in human brain tissue affected by Alzheimer's and in mice engineered to grow a pathology for the disease. They applied a protei...
Sacramento Kings’ Harrison Barnes to decline option, enter free agency

Sacramento Kings’ Harrison Barnes to decline option, enter free agency

Sports
June 18 (UPI) -- Sacramento Kings forward Harrison Barnes is expected to decline his $ 25.1 million player option and become an unrestricted free agent, his agent, Jeff Schwartz, told ESPN on Tuesday. Barnes, 27, will enter free agency in the hopes of landing a long-term contract, according to his agent. The Kings are open to working out a long-term deal with Barnes, according to ESPN. While in the middle of a game against the Charlotte Hornets in February, the Dallas Mavericks traded Barnes to the Kings. The forward was exchanged for Zach Randolph and Justin Jackson. Before the trade, Barnes played two-plus seasons with Dallas (2016-19) after signing a $ 94 million deal following his departure from the Golden State Warriors. The veteran forward averaged 16.4 points per game between the ...