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Tag: falls

Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Finance
Mumbai: Benchmark equity indices shrugged off strong cues from global peers and wiped off early gains to settle on a flat note on Wednesday, as caution ahead of the RBI policy outcome triggered profit-taking in index heavyweights. The continued rapid surge in coronavirus infections also bothered investors. For the seventh day in a row India registered more than 50,000 new Covid-19 cases, taking the total tally past the 19-lakh mark. “There were only a few stocks participating in the rally in recent times, and those stocks – index heavyweights corrected, dragging the market. It is a fragile market as far as depth of momentum is concerned,” said Deven Choksey, group managing director, KR Choksey Investment Managers. “The RBI MPC is unlikely to cut rates at this time; we will see the status q
Study: World carbon pollution falls 17% during pandemic peak

Study: World carbon pollution falls 17% during pandemic peak

Technology
A new study calculates global carbon emissions declined by 17% at the height of the pandemic shutdownBy SETH BORENSTEIN AP Science WriterMay 19, 2020, 10:04 PM4 min read4 min readShare to FacebookShare to TwitterEmail this articleKENSINGTON, Maryland -- The world cut its daily carbon dioxide emissions by 17% at the peak of the pandemic shutdown last month, a new study found. But with life and heat-trapping gas levels inching back toward normal, the brief pollution break will likely be “a drop in the ocean" when it comes to climate change, scientists said. In their study of carbon dioxide emissions during the coronavirus pandemic, an international team of scientists calculated that pollution levels are heading back up — and for the year will end up between 4% and 7% lower than 2019 levels
As the market falls, make sure you’re not taking too much risk

As the market falls, make sure you’re not taking too much risk

Finance
No pain, no gain ... no risk, no reward.As with most platitudes, you've likely heard those lines so many times that by now they've lost their meaning. Most of us understand that to amass enough savings to buy a first home, send a child to college or retire before 70, we have to surrender some of our money to the stock market. A harder thing to gauge, however, is how much pain and how much risk we must endure in the process. Some recent market discomfort has been unavoidable. Businessman with briefcase walking on forex chart on a blue sky background. Business and financial success concept.peshkovStocks suffered their worst week since 2008 last month, with most companies in the S&P 500 shedding 10% or more of their value, as the world grapples with the ...
Inflation falls to lowest level in nearly three years

Inflation falls to lowest level in nearly three years

Business
Inflation fell to its lowest level in nearly three years in October, official figures show.Consumer prices rose at a rate of 1.5% compared to 1.7% in September as the energy price cap pushed down electricity and gas prices for 15 million homes, the Office for National Statistics said. It is the lowest rate of Consumer Price Index inflation since November 2016.An ONS spokesman said: "A fall in utility prices due to a lowering of the energy price cap helped ease inflation in October. However, this was partially offset by rising clothing prices."Gas and electricity prices fell by 8.7% and 2.2% respectively in October from thew previous month. Advertisement Falling fuel prices also helped push down inflation. T...
UK wage growth slows as unemployment falls

UK wage growth slows as unemployment falls

Business
UK wage growth slowed down in the three months to September, according to the latest figures from the Office for National Statistics (ONS).Unemployment dropped by 23,000 to 1.31 million over the same period, while the number of people in work also fell.Average earnings excluding bonuses increased by 3.6%, compared with 3.8% growth in the previous month.The figures also showed the biggest annual drop in the number of job vacancies in nearly 10 years.The ninth consecutive monthly fall in available jobs saw advertised positions fall by 18,000 to 800,000.There were 32,75 million people in work during the three-month period, a fall of 58,000. It was the biggest drop since May 2015, when the total fell by 65,000. The ONS said this was down to falling numbers of...