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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Axis Bank Stock Rebounds Despite Posting Surprise Loss In March Quarter

Gold Silver Reports (GSR) – Axis Bank Stock Rebounds Despite Posting Surprise Loss In March Quarter – Shares of the Mumbai-based private sector lender rose as much as 5.88 percent, the most in over two months, to Rs 522.80. Axis Bank reported its first ever quarterly loss since listing as the bank accelerated recognition of bad loans, leading to a surge in provisions.

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