BSE hits 15,000 mark

MUMBAI: With Indian equities on a major upswing, the key sensitive index (Sensex) of the Bombay Stock Exchange (BSE) breached the magic figure of 15,000 points during intra-day trading Friday for the first time ever. The key index opened on a positive note and rose further in the opening hour of trading. But soon after it dipped to the negative territory. — HNS

Forex firm in China

BEIJING: A new investment company tasked with managing China’s massive foreign reserves will be officially created in September, China Securities Journal said. The company will be created after the issuance of special treasury bonds worth 1.55 trillion yuan ($198 billion) and will be called the China Investment Co. Ltd., the newspaper said. —Xinhua