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A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,612.45 points on Thursday, down 4.77 points, or 0.18 percent, from the previous trading day. [NEWS1] Stocks ended lower Thursday over the gloomy outlook on inflation and concerns over aggressive monetary tightening. The won fell against the dollar. The Kospi lost 4.77 points, or 0.18 percent, to close at 2,612.45. Trading volume was light at 583.60 million shares worth 8.48 trillion won ($6.69 billion), with decliners outpacing gainers 422 to 395. Institutional investors sold a net 155.8 billion won, while retail and foreign investors bought a net 95.6 billion won and 37.8 billion won worth of shares each. The index opened higher, tracking overnight gains on Wall Street, as the U.S. Federal Reserve's minutes of the early May meeting indicated some flexibility in its rate hike plans. But the market turned lower, after the Bank of Korea (BOK) raised the base interest rate by a quarter … [Read more...] about Stocks end lower over gloomy outlook on inflation

- A + A BENGALURU (May 26): Most emerging market stocks in Asia eked out gains on Thursday (May 26) on signs that the US Federal Reserve (Fed) could pause policy tightening later in the year, while regional currencies took a hit from concerns over slowing growth in China. Shares in Singapore led the region's markets higher with a gain of 0.8%, while stocks in Taiwan and India lost 0.8% and 0.6% respectively, and were the biggest losers. Minutes from the Fed's meeting this month showed the faith that the policymakers had in the strength of the US economy, helping lift the mood on Wall Street overnight. But the sentiment was more cautious in Asia which faces risks of capital outflows due to interest rate hikes by global central banks to tame decades-high inflation. The region's currencies were broadly lower, with the Chinese yuan weakening the most with a 0.7% slide as investors digested comments from Chinese Premier Li Keqiang's in a rare nationwide meeting. … [Read more...] about Most Asian stocks rise after Fed minutes; China growth woes hit currencies

Carlton House Terrace overlooks The Mall and St James’ Park in London. The Hinduja brothers now occupy Nos 13-16 in the eastern terrace. (Photo: Danish Khan) In 2006, the Hinduja brothers bought 13-16 Carlton House Terrace for £58 million. They spent another £50 million on renovating the 67,000 sq. ft home which was formally opened in 2011. Over 300 people were invited to the housewarming party, but it was a few more years before the Hindujas moved in completely. The family was reluctant to leave their more modest 25,000 sq. ft abode - just opposite Carlton House Terrace - where they had lived for over 30 years. The four brothers Srichand, Gopichand, Prakash and Ashok who control the Hinduja Group do believe in lucky charms. But now the 25-bedroom property, which comprises four interconnected six-storey Georgian Houses, designed by architect John Nash with its classical cornices, French polished timber, and ceiling roses is where they host the high and the mighty. It is easy … [Read more...] about Hinduja brothers’ new London home has a historical link to Buckingham Palace