Page 1238 - Business Finance
Benchmarks trade with small losses
Key benchmark indices were trading with small losses in early trade. At 9:26 IST, the barometer index, the S&P BSE Sensex, was down 18.50 points or 0.05% at 36,089.97. The Nifty 50 index was down 3.50 points or 0.03% at 10,828.
Gold rises as growth concerns, U.S. government shutdown weigh on dollar
(Reuters) - Gold prices rose on Thursday as the dollar declined due to concerns the prolonged U.S. government shutdown will limit economic growth at the same global growth is slowing as well.
Bharti Airtel gets NCLT approval for scheme of arrangement
On 21 January 2019
Rupee rises 14 paise against dollar in early trade
The rupee strengthened 14 paise to 71.19 against the dollar at the interbank forex market Thursday on increased selling of the American currency by exporters and banks. Dealers said dollar's weakness against other currencies overseas amid fears of a slowing global economy and US government's record-long shutdown and early gains in domestic equity markets supported the rupee. On Wednesday, the rupee had snapped its three-day losing streak and settled higher by 11 paise at 71.33 against the US dollar. The benchmark BSE Sensex recovered by 28.27 points, or 0.08 per cent, to 36,136.74 after rising to 36,178.36 in opening trade Thursday.
Bharti Infratel to be watched after Q3 result
Bharti Infratel's consolidated net profit rose 10.76% to Rs 648.40 crore on 3.03% fall in total income to Rs 1977.20 crore in Q3 December 2018 over Q3 December 2017. The announcement was made after market hours yesterday, 23 January 2019.
Market headed for a positive start
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23.50 points at the opening bell.
Philippines fourth-quarter GDP grows less than expected at 6.1 percent
MANILA (Reuters) - The Philippine economy grew slightly faster in the fourth quarter of last year, but the pace lagged market expectations in the face of weak exports, the statistics agency said on Thursday.
Australia employment stays solid, jobless rate at 6-1/2 year lows
SYDNEY (Reuters) - Australian employment jumped again in December and the jobless rate surprisingly fell, a generally upbeat report that should comfort the central bank as the labour market remains one of the strongest parts of the economy.
Global Markets: Asian shares subdued as U.S. political standoff, ECB decision eyed
TOKYO (Reuters) - Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets.
Asian shares edge up, ECB meeting in focus
TOKYO (Reuters) - Asian shares rose on Thursday after Wall Street managed to end higher, but gains were capped by political uncertainty in the United States and worries about weakening global economic growth.
Odisha CM writes to Railways Min demanding Bhubaneswar -Rourkela Shatabdi Express
Odisha Chief Minister Naveen Patnaik has written to Railways Minister Piyush Goyal demanding Shatabdi connectivity between Bhubaneswar and Rourkela via Jharsuguda in the state.In a letter dated January 23, the Chief Minister said: "Though Odisha is a major contributor to the growth of Railways, it still continues without commensurate railway infrastructure and services. While Odisha is the biggest contributor of freight revenues, the passenger growth too has been much higher than the national average."Patnaik said that the connectivity with Bhubaneswar through Shatabdi would serve the genuine transportation demand of the people of these two cities."I would, therefore, request that a Shatabdi Express be introduced between Bhubaneswar and Rourkela via Jharsuguda as Jharsuguda is a major industrial hub in western Odisha and steel city of Rourkela is the smart city of the state, their connectivity with Bhubaneswar through a premium service like Shatabdi would serve the genuine ...
Ford fourth-quarter results weighed down by losses overseas
DETROIT (Reuters) - Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results.
Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) - Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results.
Oil slips as EU seeks to trade with Iran, U.S. gasoline prices fall
NEW YORK (Reuters) - Oil prices slipped on Wednesday as the European Union seeks to circumvent U.S. trade sanctions against Iran, and on weaker U.S. gasoline prices.
Tesla to cut production hours for Model S and X
(Reuters) - Tesla Inc said on Wednesday it is reducing production hours for higher-priced Model S and Model X cars, just days after saying it would cut jobs as the electric carmaker looks to make more affordable versions of the Model 3 sedan.
Global Markets: Stocks seesaw, dollar off; global, U.S. worries weigh
LONDON, Jan 23 (Reuters) - The MSCI global stock index ended Wednesday's choppy trading session with a small gain as worries over U.S. politics, global economic growth and trade tensions were countered by a boost from quarterly earnings reports.
Wall St edges higher as upbeat earnings dampened by trade, shutdown woes
(Reuters) - Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance.
Pensions, one-time charges push Ford to fourth-quarter loss
DETROIT (Reuters) - Ford Motor Co on Wednesday posted a fourth-quarter loss, which it attributed partly to one-time charges, including pension-related costs.
Ford posts lower operating profit as overseas losses weigh
DETROIT (Reuters) - Ford Motor Co on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except for North America weighed on results. "It was not a year we were happy with and the fourth quarter continued that theme," Chief Financial Officer Bob Shanks told reporters at the headquarters of the No. 2 U.S. automaker, which is restructuring its operations globally. Last week, Ford provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain's exit from the European Union. Shanks reiterated on Wednesday that Ford's extensive presence in the country gave it a great deal of exposure to the effects of Brexit. Ford said on Jan. 10 that it would cut thousands of jobs and look at plant closures in Europe as part of its plan to return to 6-percent operating margin in the region. Ford posted a fourth-quarter net loss of $116 million or 3 cents a share, down from a net profit of $2.5 billion or 63 cents a share in the same ..
Correction: Tesla to cut production hours for Model S and X
(Reuters) - This story corrects to remove extraneous word "layoffs" in paragraph 5