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SORIL Infra Resources acquires Littleman Fiscal Services (NBFC)
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Mastercard says plans to apply for China license to clear card payments
SHANGHAI (Reuters) - U.S. payments card company Mastercard Inc said on Friday it still plans to apply for a bankcard clearing license in China and was in "active discussions" to explore solutions.
Gold prices up on wedding season buying; silver loses sheen
Persistent buying by jewellers and retailers to meet the wedding season demand pushed gold prices higher by Rs 140 to Rs 33,300 per 10 gram at the close of the week. In contrast, silver prices drifted lower due to reduced offtake by coin makers and consuming units. Overcoming a mixed sentiment from global markets, gold prices climbed on account of favourable domestic cues like wedding season demand from local jewellers as well as retailers. Globally, gold rose by USD 1,284.30 an ounce as against the previous week's USD 1,282.30 an ounce. Silver too advanced to USD 15.46 an ounce from USD 15.41. Market remained shut on Saturday on account of "Republic Day". In the national capital, gold of 99.9 per cent and 99.5 per cent purity commenced the week higher at Rs 33,200 and Rs 33,050 per 10 gram, respectively. Both varieties of the precious metal advanced to a high of Rs 33,325 and Rs 32,175, respectively, during the mid-week. However, lack of necessary buying support at higher levels, ...
Thyssenkrupp has no plans to sell elevator unit: Rheinische Post
FRANKFURT (Reuters) - Thyssenkrupp has no plans to sell its elevators business, its chief executive told a German newspaper, also saying that a current plan to split the group in two would sufficiently boost its equity and capital base.
Global Economy: Central bank policy tightening: damned if they do, damned if they don't
LONDON (Reuters) - Central banks may be about to face one of their biggest challenges yet: Global economic growth is slowing, but they have struggled to build up their policy arsenals since the last crisis to effectively deal with another one.
US stocks close higher as Trump agrees to reopen government
US stocks ended higher as stronger-than-expected corporate earnings reports continued to lift investors' sentiment and US President Donald Trump announced reopening the government for three weeks.
Stocks, yields rise after deal announced to end U.S. government shutdown
NEW YORK (Reuters) - Wall Street indexes rose and bond yields followed stocks higher on Friday after U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown and as investors reacted to corporate earnings reports.
Exclusive: Refiner Citgo prepares to fend off Venezuela's opposition government
MEXICO CITY/CARACAS (Reuters) - Venezuela's most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to be removed and its revenues diverted to an opposition government, sources close to the talks said.
Exclusive: MoneyGram exploring options, including potential sale - sources
NEW YORK (Reuters) - MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a U.S. government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday.
Wall Street Week Ahead: Consumer confidence in focus as shutdown fears fade
NEW YORK (Reuters) - U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever.
Corrected-Global Economy: Central bank policy tightening: damned if they do, damned if they don't
(This story corrects employer of Neil Shearing in par 7.)
Stocks, bond yields up; deal to end shutdown announced
NEW YORK (Reuters) - Wall Street indexes rallied and bond yields followed stocks higher on Friday as investors reacted to corporate earnings reports and U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown.
Wall Street gains on U.S. government shutdown compromise
NEW YORK (Reuters) - Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to end the longest U.S. government shutdown in history.
Emerging markets brought the bears, now they have the bulls
LONDON (Reuters) - This weekend marks a year since the start of one of most comprehensive global bear markets on record, but just as the developing world's equity indexes were first to fold last year, now they are leading the charge back up.
ED to confiscate Rs 89.56 crore of Semaless Outsourcing
The Enforcement Directorate (ED) on Friday got an approval from a Prevention of Money Laundering Court Act (PMLA) court here to confiscate Rs 89.56 crore bank balance of city-based firm Seamless Outsourcing LLP in connection with Speak Asia Online Pvt Ltd case.
Wall Street surges on upbeat earnings, hopes of end to government shutdown
(Reuters) - U.S. stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries and hopes of a resolution to the lengthy U.S. government shutdown added to optimism.
India poised to become world's 5th largest economy: Modi
India is on the way to becoming the fifth largest economy in the world, Prime Minister Narendra Modi said on Friday.
SC nod to NBCC to complete two of Amrapali's housing projects
The Supreme Court on Friday gave its nod to the state-owned National Building Construction Corporation (NBCC) going ahead with the completion of the two stalled projects of the real estate giant Amrapali - Eden Park and Castle.
Exclusive: Canada mulls measures to curb private lenders' growth
TORONTO (Reuters) - Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid growth, three sources with direct knowledge of the matter said.
Global crude steel output jumps 4.6 percent in 2018: worldsteel
LONDON (Reuters) - Global crude steel output jumped 4.6 percent last year, driven by strong growth in most regions including in top producer China, where output jumped 6.6 percent, data from the World Steel Association (worldsteel) showed on Friday.