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Tag: October

Markets finish worst week since October

Markets finish worst week since October

Business
Jan. 29 (UPI) -- The Dow Jones Industrial Average lost more than 2% by the close of trade Friday, closing out the worst week for the index since October. All three major U.S. stock indexes fell by more than 3% for the week amid market volatility related to the trading of shares in businesses such as GameStop and AMC. Advertisement Investors drove up the prices of the companies' shares this week in an attempt to undermine hedge fund efforts to short the stocks. Stocks for GameStop fluctuated between $ 483 and $ 112 Thursday. The Dow fell below 30,000 for the first time since mid-December, losing 3.28% for the week. The S&P 500 closed at 3,714, dropping nearly 2% Friday and the Nasdaq Composite closed at 12,070, falling 2%. All three indexes dropped more than 3% for the week. Shares of ...
Public sector net borrowing hits £22.3bn in October as debt pile grows

Public sector net borrowing hits £22.3bn in October as debt pile grows

Business
Public sector net borrowing is estimated to have been £22.3bn in October - the sixth-highest borrowing in any month since monthly records began in 1993.The figure, from the Office for National Statistics (ONS), means that public sector net debt stood at £2.076trn by the end of October - or 100.8% of GDP, a level not seen for many decades. Borrowing for the first seven months of the financial year is estimated to have been £214.9bn - the highest in any April to October period and the sixth-highest borrowing in any month since records began in 1993.This was mostly due to the massive cost of the coronavirus response. Chancellor Rishi Sunak, said: "We've provided over £200bn of support to protect the economy, lives and livelihoods from the significant and far reaching impacts of coronaviru...
How gold, silver performed during the week ending October 15, 2020

How gold, silver performed during the week ending October 15, 2020

Finance
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. 1. Gold (995) (Rs) Gold gave up early gains and ended flat because the chance of inflation spiralling in the US was dampened by a second wave of coronavirus in Europe. 2. Silver (Rs) Silver moved along with gold and ended the week at previous week's levels. 3. WTI Crude ($ /barrel) Increased Chinese crude oil buying was neutralised by weak demand from European countries and crude also ended the week flat. 4. Wine (Rs) You can also make money by investing in wine and the Liv-ex Fine Wine 50 Index from Bloomberg. It ...
Extreme weather: October downpour sees UK’s wettest day on record

Extreme weather: October downpour sees UK’s wettest day on record

Science
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List of bank holidays in October 2020

List of bank holidays in October 2020

Finance
Delhi: Private and public banks will remain closed for a total of 14 days in October 2020. Besides the second and fourth Saturday and Sundays, bank holidays will also be seen on the multiple national and regional holidays in October, depending on which state one is in. These include Gandhi Jayanti, Eid-e-Milad, Mahashaptami and a few more. The holidays mentioned will be observed in various regions as per state declarations, however, banks will remain closed all over the country during gazetted holidays. Here is the entire list of bank holidays in October 2020: OCTOBER 2 Friday Gandhi Jayanti OCTOBER 4 Sunday Public Holiday OCTOBER 8 Thursday Chellum (regional holiday) OCTOBER 10 Saturday Second Saturday OCTOBER 11 Sun...