Page 1042 - Business Finance
Japan Nikkei falls on global economic growth, US-China trade talks woes
Global markets provided local equities with a weak lead overnight due to a lack of progress on the US-China trade negotiation front and fears of a global slowdown. According to President Trump, a meeting with Chinese President Xi is unlikely to occur before 1 March (the self-imposed deadline for a trade deal). White House economic advisor Larry Kudlow told Fox news that there is a long way to go in the trade talks.
Australia Market falls on profit booking, US-China trade talks woes
Global markets provided local equities with a weak lead overnight due to a lack of progress on the US-China trade negotiation front and fears of a global slowdown. According to President Trump, a meeting with Chinese President Xi is unlikely to occur before 1 March (the self-imposed deadline for a trade deal). White House economic advisor Larry Kudlow told Fox news that there is a long way to go in the trade talks.
Rupee gains 13 paise to 71.32 vs USD in early trade post RBI rate cut
The rupee Friday appreciated by 13 paise to 71.32 against the US dollar in early trade after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'. Force traders said the surprise rate cut by the RBI, weakening of the US dollar as against other currencies overseas and easing crude prices supported the local unit. At the Interbank Foreign Exchange, the rupee opened higher at 71.37 then gained further ground to touch 71.32 against the US dollar, showing a gain of 13 paise over its previous closing. The rupee Thursday appreciated by 11 paise to close at 71.45 against the US dollar. At the sixth bi-monthly monetary policy review Thursday the RBI surprisingly reduced the repo rate by 25 basis points to 6.25 percent and also changed the policy stance to 'neutral' from the earlier 'calibrated tightening'. Brent crude, the global benchmark, was trading at USD 62.33 per barrel, lower by 0.57 per cent. Meanwhile, foreign portfolio investors (FPIs) bought shares .
Japan's modest household spending, wages growth point to fragile outlook
TOKYO (Reuters) - Japan's household spending rose slightly and higher bonus payments lifted wages in December, though the underlying trends in these two gauges showed only modest improvement and pointed to a difficult year for the economy as risks to growth increases.
Sensex drops over 200 pts; Tata Motors tanks 14 pc
BSE benchmark Sensex dropped over 200 points in early trade Friday led by heavy losses in Tata Motors, and weak cues from global markets on renewed concerns over US-China trade tiff. The 30-share index was trading 140.62 points, or 0.38 per cent, lower at 36,830.47. Similarly, the 50-share NSE Nifty dropped 33.40 points, or 0.30 per cent to 11,036.00. On Thursday, the Sensex ended 4.14 points, or 0.01 per cent, lower at 36,971.09; while the broader Nifty settled 6.95 points, or 0.06 per cent, higher at 11,069.40. In morning session on Friday, Tata Motors was the biggest losers on both indices, cracking over 14 per cent, after the auto major reported its biggest ever quarterly net loss of Rs 26,960.8 crore for the third quarter ended December 31, hit by one-time asset impairment in its struggling British arm Jaguar Land Rover. This is the third consecutive quarterly loss reported by the company, which had registered a net profit of Rs 1,214.6 crore in the October-December quarter of ...
Tata Motors Ltd Slides 14.71%, S&P BSE Auto index Shed 1.73%
Tata Motors Ltd has lost 14.8% over last one month compared to 4.05% fall in S&P BSE Auto index and 1.65% rise in the SENSEX
PC Jeweller Ltd Spurts 2.12%
PC Jeweller Ltd has lost 7.94% over last one month compared to 5.19% gain in S&P BSE Consumer Durables index and 1.7% rise in the SENSEX
Tata Motors slumps after dismal Q3 result
Tata Motors lost 14.9% at Rs 155.65 at 09:18 IST on BSE after the company reported consolidated net loss of Rs 26992.54 crore in Q3 December 2018 as compared to net profit of Rs 1198.63 crore in Q3 December 2017.
Markets open in red on Friday
The 30-scrip Sensitive Index (Sensex) on Friday opened on a negative note during the morning session of the trade.
Oil falls on economic slowdown, but OPEC output cuts offer some support
SINGAPORE (Reuters) - Oil markets fell on Friday, pulled down by an economic slowdown, although supply cuts led by producer club OPEC and U.S. sanctions against Venezuela provided crude with some support.
Market slips on negative global cues; Tata Motors slumps
Key benchmark indices were trading lower in early trade, mirroring negative leads from Asian markets and overnight slide on the Wall Street. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 136.44 points or 0.37% at 36,834.65. The Nifty 50 index was down 44.35 points or 0.40% at 11,025.05.
India inflation seen speeding up in Jan but still below target: Reuters poll
BENGALURU (Reuters) - Indian inflation reversed course and nudged up slightly in January but remained below the central bank's target for a sixth straight month, a Reuters poll predicted, supporting this week's unexpected move by policymakers to cut rates.
Global Markets: Asia stocks fall on renewed anxiety over trade, growth risks
TOKYO (Reuters) - Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Sony stock perks up after first-ever share buyback announcement
TOKYO (Reuters) - Sony Corp announced its first-ever share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover somewhat from the hammering it received earlier in the week when the technology firm reported lacklustre earnings.
Market may decline on negative global cues
Market is seen opening lower, mirroring negative leads from Asian markets and overnight slide on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 23 points at the opening bell.
Tata Motors may slide after dismal Q3 result
Tata Motors reported consolidated net loss of Rs 26992.54 crore in Q3 December 2018 as compared to net profit of Rs 1198.63 crore in Q3 December 2017. Total income rose 4.37% to Rs 77582.71 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours yesterday, 7 February 2019.
India inflation seen speeding up in January but still below target: Reuters poll
BENGALURU (Reuters) - Indian inflation reversed course and nudged up slightly in January but remained below the central bank's target for a sixth straight month, a Reuters poll predicted, supporting this week's unexpected move by policymakers to cut rates.
Jet Airways grounds four aircraft after failing to pay lessors
SINGAPORE (Reuters) - India's Jet Airways Ltd has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with the heavily indebted carrier.
American members of the US-India CEO Forum announced
US Commerce Secretary Wilbur Ross has announced the names of the American private sector members of the US-India CEO Forum, among whom are MasterCard CEO Ajay Banga and Qualcomm CEO Steve Mollenkopf. The first meeting of the forum under the Trump Administration will be held in New Delhi on February 14. It will be co-chaired by Ross and Minister of Commerce and Industry and Civil Aviation Suresh Prabhu. James Taiclet, chairman, president, and CEO, American Tower Corporation will be the US private sector co-chair of the forum. "The US-India CEO Forum is critical to the fruitful commercial relationship and strong economic ties between our two great nations," Ross said. "The incoming US CEOs will bring fresh perspectives to the forum and help us consider new opportunities to further deepen our cooperation," he added. Sanjay Bhatnagar, president and CEO, WaterHealth International; John Chambers, founder and CEO, JC2 Ventures LLC and Chairman Emeritus, Cisco Systems; Douglas DeVos, ...
Oil dips on global economy jitters, but OPEC output cuts offer some support
SINGAPORE (Reuters) - Oil markets dipped on Friday, dragged down by concerns over a global economic slowdown although supply cuts led by producer club OPEC and U.S. sanctions against Venezuela provided crude with some support.