Page 1138 - Business Finance
Amazon takes numerous products off its India website to comply with new rules-sources
NEW DELHI/MUMBAI (Reuters) - Amazon.com began removing a wide array of products from its India website late on Thursday to comply with the country's new foreign investment curbs that kick in from Feb. 1, two sources with direct knowledge of the matter told Reuters.
Blackstone earnings sink 42 percent on lower fees; managed assets hit record
NEW YORK (Reuters) - Blackstone Group LP, the world's largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees.
DGCA monitoring Jet's schedule after flight cancellations
Aviation regulator Directorate General of Civil Aviation (DGCA) is monitoring the flight schedule of Jet Airways, after the airline cancelled a number of flights, owing to grounding of aircraft.
SpiceJet to launch 8 new domestic flights from March
Budget carrier SpiceJet on Thursday said that it will launch eight new direct flights and frequencies connecting metros and non-metros on domestic routes from March 2019.
'Bankfurt', Paris await Brexit boom as banks stay loyal to London
LONDON/FRANKFURT (Reuters) - In Frankfurt and Paris, the flood of banking jobs predicted to arrive after Brexit is, for now, little more than a trickle.
Ferrari's CEO "bullish" about earnings, shares jump
MILAN (Reuters) - Ferrari expects growth in core earnings to accelerate to 10 percent this year and Chief Executive Louis Camilleri said he might raise targets for 2020, betting on new models and special editions at premium prices to lure customers.
S&P, Nasdaq extend rally after Facebook earnings, trade talks eyed
(Reuters) - The S&P 500 and the Nasdaq extended a rally on Thursday, as strong earnings from Facebook Inc added to optimism following the Federal Reserve's dovish remarks, while investors waited for the outcome of the U.S.-China trade talks.
Trump says wants big trade deal with China or will "postpone" it
WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he would either strike a very big trade deal with China or "postpone" it, but it was not clear precisely what he was referring to.
Toymaker Lego to open 80 new shops in China this year
NUREMBERG (Reuters) - Danish toymaker Lego plans to more than double the number of shops in China this year to 140 in its most rapid expansion in any market as demand for its colourful plastic bricks remains unaffected by a broader slowdown in the economy.
Fiat Chrysler cancels additional shifts at two plants after fire
WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said Thursday it is cancelling two additional shifts at its Warren Truck and Sterling Heights Assembly plants after CMS Energy Corp made an emergency appeal to users to conserve natural gas following a fire at a compressor station and during extreme winter cold.
Exxon Mobil to create three exploration and production companies
(Reuters) - Oil major Exxon Mobil Corp said on Thursday it would create three new separate exploration and production companies, effective April 1, in an effort to double its profit by 2025.
General Electric sales top Wall St estimates, shares rally
(Reuters) - General Electric Co beat estimates for sales and cash flow in the fourth quarter and said on Thursday it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher.
S&P, Nasdaq boosted by Facebook results; eyes on trade talks
(Reuters) - The S&P 500 and the Nasdaq extended a rally on Thursday, as strong earnings from Facebook Inc added to optimism after the Federal Reserve's dovish remarks, with investors awaiting the outcome of the U.S.-China trade talks.
Intel names Robert Swan as CEO
Intel Corporation on Thursday named Robert Swan as its new Chief Executive Officer.
Hero MotoCorp Q3 net profit down 4.51%
Two-wheeler major Hero MotoCorp on Thursday reported a decline of 4.51 per cent in its net profit for the quarter ended December 31, 2018.
Oil prices extend rise as OPEC cuts tighten supply
NEW YORK (Reuters) - Oil prices rose for a third straight day on Thursday, as production cuts curbed supply from OPEC and its allies, and U.S. monetary policy appeared to be more favorable.
Build-up of short-positions before interim budget boosts market
Anticipation of announcements from the interim budget as well as expectations of healthy quarterly results led the equity market to rally more than 1.65 per cent as a massive build-up of short positions was witnessed on Thursday.
2018 'worst year ever' for smartphone market: survey
Global smartphone sales saw their worst contraction ever in 2018, and the outlook for 2019 isn't much better, new surveys show. Worldwide handset volumes declined 4.1 percent in 2018 to a total of 1.4 billion units shipped for the full year, according to research firm IDC, which sees a potential for further declines this year. "Globally the smartphone market is a mess right now," said IDC analyst Ryan Reith. "Outside of a handful of high-growth markets like India, Indonesia, (South) Korea and Vietnam, we did not see a lot of positive activity in 2018." Reith said the market has been hit by consumers waiting longer to replace their phones, frustration around the high cost of premium devices, and political and economic uncertainty. The Chinese market, which accounts for roughly 30 percent of smartphone sales, was especially hard hit with a 10 percent drop, according to IDC's survey, which was released Wednesday. IDC said the top five smartphone makers have become stronger and now ...
U.S. weekly jobless claims jump to near 1-1/2-year high
WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, but economists dismissed the jump as a fluke and said temporary factors, including a partial government shutdown, were to blame.
Bharti Airtel's Q3 net profit down 72% to Rs 86 crore
Telecom major Bharti Airtel on Thursday said its consolidated net income for the October-December period tanked nearly 72 per cent to Rs 86 crore.