China Shunning U.S. Soybeans on Trade Tensions

Gold Silver Reports (GSR) – China Shunning U.S. Soybeans on Trade Tensions — “Whatever they’re buying is non-U.S.,” Bunge Ltd. Chief Executive Officer Soren Schroder said in a telephone interview Wednesday. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S.”                       

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Stocks in Asia Retreat After Fed

Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.

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Sical Logistics Stock Gains After WInning New Contract

Gold Silver Reports (GSR) – Sical Logistics Stock Gains After WInning New Contract – Shares of the Chennai-based logistics services firm rose as much as 6.6 percent to Rs 224. The company was awarded a letter of acceptance by Northern Coalfields for mechanical excavations for a contract price of Rs 1,345 crores for excavation of 145 million bank cubic metre over a period of 51 months, according to its stock exchange notification.

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Biocon Stock Declines After FDA Issues Form 483

Gold Silver Reports (GSR) – Biocon Stock Declines After FDA Issues Form 483 – Shares of the Bengaluru-based pharma company fell as much as 4.5 percent, most in almost two months, to Rs 634.3. The U.S. drug regulator issued form 483 with seven observations after completing pre-approval inspection of the company’s sterile drug product manufacturing facility at Bengaluru this week, according to the company’s exchange filing. Observations are largely procedural and not critical, aiming at continuous improvement, it added.

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PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years ; Raghavan HKN, President – Outreach & Inclusive Banking, Equitas Small Finance Bank

Gold Silver Reports (GSR) – PC Jeweller Stock Set For Longest Losing Streak In 5 1/2 Years – Shares of the jewellery maker extended declined for the ninth straight trading session, poised for its longest losing streak since November 2013. The stock fell as much as 14.6 percent to hit a four-year low at Rs 94.55. Trading volume was 9.7 times its 20-day average. The stock declined 78.7 percent so far this year.                

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HCL Technologies Stock Falls 10% In Last Two Days; Aviation Stocks Faces Turbulence, InterGlobe Slides 14.7%

Gold Silver Reports (GSR) – HCL Technologies Stock Falls 10% In Last Two Days – Shares of the country’s third-largest information technology company fell nearly 10 percent over the last two days. Brokerage and research firms Nomura, Antique Stock Broking and HSBC downgraded the company’s stock rating after March quarter results announcement.

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