Page 1254 - Business Finance
China Market mixed as central bank pumps funds into market via TMLF
The People's Bank of China offered 257.5 billion yuan ($38 billion) of funds into the market via the targeted medium-term lending facility (TMLF) tool, part of efforts to encourage lending to small businesses and bolster growth and to maintain liquidity. The funds have a maximum maturity of three years and an annual interest rate of 3.15%, 15 basis points lower than the existing medium-term lending facility (MLF), according to the People's Bank of China (PBOC). The TMLF tool was introduced in December 2018 to encourage loans to small and private businesses. Large commercial banks, joint-stock banks and major city commercial banks that lend heavily to the real economy and meet macro prudent requirements can apply for the TMLF, according to the PBOC. During the past week, the People's Bank of China, the country's central bank, had a combined net injection of 1.16 trillion yuan via open market operations, the largest weekly amount in two years. China will cut the reserve requirement ...
Japan Stocks mixed on global growth concern, trade tensions
Investors risk sentiments subdued on reports that the U.S. had cancelled a trade meeting with Chinese officials. White House economic advisor Larry Kudlow, however, denied that report, telling that there was never a planned meeting other than the scheduled visit by Chinese Vice Premier Liu He next week. The U.S. and China are aiming to strike a deal to break their trade impasse before March 1. The two economic powerhouses have been locked in an ongoing trade war since 2018 which has seen both sides slap billions of dollars worth of tariffs on each other's goods.
Vodafone Idea Ltd Surges 1.2%
Vodafone Idea Ltd has lost 9.37% over last one month compared to 0.72% gain in S&P BSE Telecom index and 2.76% rise in the SENSEX
Global Markets: Asian stocks pause amid worries over growth and trade
TOKYO (Reuters) - Asian stocks took a breather on Wednesday, with mounting signs of slowing global growth and concerns over a yet-unresolved Sino-U.S. trade dispute putting the brakes on investor appetite for risk assets.
BOJ retains ultra-low rates, global slowdown raises policy challenge
TOKYO (Reuters) - The Bank of Japan cut its inflation forecasts and stuck to its ultra-loose monetary policy on Wednesday, as pressure on the economy mounts and slowing global demand threatens its years-long efforts to foster durable growth.
Rupee spurts 29 paise against US dollar in early trade
The rupee rose 29 paise to 71.15 against the US dollar in early session Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets. At the Interbank forex market, the rupee opened higher at 71.19 and advanced further to quote 29 paise higher at 71.15 against the dollar. Besides, the dollar falling against other currencies overseas on lingering worries about a global slowdown and continuing US-China trade tensions, supported the Indian rupee, forex dealers said. However, sustained foreign fund outflows capped the gains, they added. On Tuesday, the rupee had skidded by 16 paise -- its third straight session of loss -- to close at 71.44 against the US dollar amid strengthening of the greenback and heavy selling in domestic equities. Foreign portfolio investors (FPIs) sold shares worth a net of Rs 78.53 crore, and domestic institutional investors (DIIs) were sellers to the tune of Rs 84.15 crore Tuesday, ...
Market trades almost flat
Key benchmark indices were trading almost flat in early trade. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 7.52 points or 0.02% at 36,452.16. The Nifty 50 index was up 8.30 points or 0.08% at 10,931.05.
TCS recognised as Fastest Growing Brand of the Decade in IT Services sector
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Oil steady on hopes Chinese fiscal stimulus will stem economic slowdown
SINGAPORE (Reuters) - Oil prices were steady on Wednesday on hopes that increased Chinese spending would stem an economic slowdown that is showing signs of spreading and has been weighing on financial markets.
Asian markets swing as dealers battle uncertainty
Asian markets fluctuated Wednesday following a negative lead from Wall Street as investors grow nervous about the chances of success in China-US trade talks ahead of a crunch meeting next week. The mood remains cautious, with the rally that has characterised the start of the year stuttering owing to a slowing Chinese economy, a softer global outlook and other issues including Brexit and the US government shutdown, which shows no sign of ending soon. US investors turned sellers on Tuesday after the Financial Times and CNBC said Washington had rejected Beijing's offer of preparatory discussions ahead of the next round of high-level negotiations. And while the White House denied the reports, observers said they highlighted the fragility of the talks. They also came a day after Bloomberg News said the two sides were struggling to reach agreement on the crucial matter of intellectual property, a key source of US anger. Hopes that China and the US were on the right track have helped rally ..
Shares may open with small gains
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 11.50 points at the opening bell.
ITC in spotlight ahead of Q3 result
ITC and InterGlobe Aviation will announce their October-December 2018 quarterly results today, 23 January 2019.
BOJ keeps policy steady, cuts inflation forecast
TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday and cut its price projections, bolstering market views it is in no position to rush an exit from its massive stimulus programme, despite the costs of prolonged easing.
Oil steadies, but economic slowdown still weighs on markets
SINGAPORE (Reuters) - Oil prices stabilised on Wednesday after steep falls in the previous session, when markets were dragged down by growing concerns about an economic slowdown.
Gold steady on global growth, Sino-U.S. trade worries
(Reuters) - Gold prices held steady on Wednesday, as mounting concerns over a slowing global economic growth and uncertainty around Sino-U.S. trade tensions dampened appetite for risk.
Global Markets: Asian shares dip, worries over growth and trade sour mood
TOKYO (Reuters) - Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-U.S. trade dispute.
Japan exports post worst fall in two years as trade war bites
TOKYO (Reuters) - Japan's exports in December fell the most in more than two years, dragged by plummeting shipments to China and regional markets as weak global demand and U.S.-Sino trade frictions take their toll on the trade-reliant economy.
Andhra lounge turns centre of attraction at WEC, delegates keen to invest
Andhra Pradesh lounge set up at the 49th Annual meeting of the World Economic Forum (WEF) has turned as a centre of attraction for global delegates with the display of innovative methods and technology being used for development of the state.Anil Sardana, Managing Director and CEO of Adani Transmission said that they would develop district cooling system and connect smart city in Amaravati.Andhra Pradesh IT Minister Nara Lokesh on Tuesday attended the World Economic Forum in Davos along with team of officials. On the first day of the conference, Nara Lokesh is seen busy interacting with CEOs of various world business groups.Sardana appreciated the pro active and logical support that was facilitated by Andhra Pradesh government under the dynamic leadership of state Chief Minister N Chandrababu Naidu. Anil Sardana said they chose Andhra Pradesh despite pressures from Maharastra to set up Adani group. He expressed interest to work with Amaravati.Later, Nara Lokesh interacted with WEF ...
Wall St drops as economic outlook, corporate forecasts sour
NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment.
Global Markets: Equities slump on growth, trade worries
NEW YORK (Reuters) - A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look towards safe-haven assets such as the Japanese yen and government bonds.