Page 1343 - Business Finance
China's exports shrink most in 2 years, raising risks for global economy
BEIJING (Reuters) - China's exports unexpectedly fell the most in two years in December and imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand.
Sensex falls over 150 pts ahead of key macro data release
The BSE benchmark Sensex Monday dropped over 150 points tracking weakness in other Asian markets amid heavy selling by foreign investors. Market sentiment also turned cautious ahead of the release of key macroeconomic data. The 30-share index fell 174.61 points, or 0.48 per cent, to 35,835.23 in early trade. Similarly, the NSE Nifty shed 60.10 points,or 0.57 per cent, to 10,733.85. On Friday, the Sensex had fallen 377.81 96 points to end at 36,009.84; and the Nifty too slipped by 26.65 points to close at 10,794.95. According to analysts, this week, stock market movement will be driven by announcement of macroeconomic data points and quarterly earnings by various companies, including bluechips RIL and Wipro. The government is scheduled to release wholesale price index (WPI) and consumer price index (CPI) data later in the day. Market would also continue taking cues from the movement of rupee, crude oil and investment trend by foreign investors, traders said. On a net basis, foreign ...
Sensex drifts below 36,000
Domestic stocks drifted lower in early trade on negative Asian stocks. Data showing a sharp drop IIP in November 2018 also dented sentiment. At 9:30 IST, the barometer index, the S&P BSE Sensex, was down 177.64 points or 0.49% at 35,832.20. The Nifty 50 index was down 57.15 points or 0.53% at 10,737.80. The Sensex dropped below the psychological 36,000 level.
Infosys jumps after Q3 earnings
Infosys rose 3.04% to Rs 704.50 at 9:27 IST on BSE after consolidated net profit fell 12.17% to Rs 3610 crore on 3.84% increase in revenues to Rs 21400 crore in Q3 December 2018 over Q2 September 2018.
Cyient Ltd Surges 4.36%
Cyient Ltd has lost 4.18% over last one month compared to 3.37% fall in S&P BSE IT Sector index and 0.21% drop in the SENSEX
Oil slides on China trade slump, but crude imports remain high
SINGAPORE (Reuters) - Oil prices fell by almost 1 percent on Monday, with Brent crude slipping below $60 per barrel, after Chinese data showed weakening imports and exports in the world's biggest trading nation and second-largest crude oil consumer.
China's 2018 iron ore imports fall 1 percent, first annual drop since 2010
BEIJING (Reuters) - China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday.
China's 2018 trade surplus with U.S. highest on record going back to 2006
BEIJING (Reuters) - China's trade surplus with the United States rose to $323.32 billion last year, the highest on record going back to 2006, Reuters calculations based on customs data showed on Monday.
Board of Directors of Tata Sponge Iron appoints directors
At meeting held on 12 January 2019
China's global trade surplus fell in 2018: customs
China's global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached USD 4.62 trillion, a 12.6 per cent rise from 2017, according to customs data. But the trade surplus for the world's second largest economy fell 16.2 per cent to USD 351.76 billion, as imports rose 15.8 per cent while exports gained 9.9 per cent. "China's foreign trade has developed in a steady manner with progress witnessed, reaching a record high in import and export volume," said Li Kuiwen, spokesman for the customs administration. China's surplus with the US is a hot-button issue with the administration of President Donald Trump, which slapped new import tariffs on billions of dollars worth of Chinese goods last year. Customs has not yet released information on US-China bilateral trade, but China's imports of soybeans fell by 7.9 per cent last year to 88 million ...
Singapore, Amaravati commence development of Welcome Gallery
Singapore, Jan 14 (ANI): Development of the proposed Welcome Gallery in Amaravati has begun, thus strengthening the first phase of collaboration between Singapore and Andhra Pradesh.Last week, Singapore's Minister for Communications and Information and Minister-in-charge of Trade Relations, S Iswaran had visited Amaravati to attend the commencement ceremony of the exhibition-cum-community centre with Andhra Pradesh Chief Minister Chandrababu Naidu.The Welcome Gallery, situated within the Amaravati capital city start-up area, has been designed for community use. Spread across 2.6 hectares of land area, the gallery will have a built-up area of 4,080 sqm and can accommodate 2,000 to 3,000 visitors daily.The gallery, which is being constructed with an investment of Rs. 44 crore, will consist of a city gallery, exhibition zone, community zone, and engagement zone, as well as co-working spaces to house start-ups.Besides serving as a one-stop information centre for all visitors, it will also
China December exports unexpectedly drop 4.4 percent, imports fall 7.6 percent
BEIJING (Reuters) - China's December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, official data showed on Monday, pointing to further weakening in the world's second-largest economy.
China's 2018 iron ore imports fall 1 pct, first annual drop since 2010
BEIJING (Reuters) - China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday.
Brent crude oil prices fall below $60 on weak China trade data
SINGAPORE (Reuters) - Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world's biggest trading nation.
Infosys in focus after Q3 results
On a consolidated basis, Infosys' net profit fell 12.17% to Rs 3610 crore on 3.84% increase in revenues to Rs 21400 crore in Q3 December 2018 over Q2 September 2018. Operating profit was reported at Rs 4830 crore, a growth of 11.8% year-on-year and a decline of 1.3% quarter-on-quarter.
Asian shares falter from one-and-a-half-month highs, markets wary about China data
SYDNEY (Reuters) - Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy.
Global Markets: Asian shares falter from 1-1/2-month highs, markets wary about China data
SYDNEY (Reuters) - Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy.
Petrol touches Rs 70-mark in Delhi for first time in 2019
On the occasion of Makar Sankranti, fuel prices on Monday continued to witness an upward trend with petrol and diesel being sold at Rs 70.13 and Rs 64.18 per litre respectively in the national capital.This is the first time that fuel prices reached Rs 70-mark in the year 2019.While petrol price witnessed a hike of 38 paise, diesel got costlier by 49 paise in Delhi.In Mumbai, petrol and diesel are being retailed at Rs 75.77 and Rs 65.73 per litre respectively.This comes amid the perpetual rise and fall in the petrol and diesel prices across the country.In the last week of 2018, the fuel prices witnessed a dip in its prices by plummeting to its lowest.
Lebanon 'absolutely not' proposing debt restructuring: finance minister
BEIRUT (Reuters) - The Lebanese government is "absolutely not proposing" a restructuring of public debt and is committed to paying all maturing debt and interest payments on the predetermined dates, Finance Minister Ali Hassan Khalil said on Sunday.
Maldives anti-corruption NGO calls personal finances disclosure 'incomplete'
Anti-corruption NGO Transparency Maldives called the disclosure made by the president and his cabinet's personal finances to counter corruption as "incomplete".A 2017 report by Transparency Maldives warned against asset declaration procedures saying it "increases the risk of corrupt officials using the names of their family and relatives to hide their assets, which makes cases of illicit enrichment and conflicts of interest invisible and harder to detect", reported Maldives IndependentIt also highlighted the importance of an external agency to conduct a verification process.Aiman Rasheed, communications director of Transparency Maldives, after the disclosure, told the media that "We have to ensure that the declarations are factual."Maldivian President Ibrahim Mohamed Solih, Vice President Faisal Naseem along with their Cabinet and political appointees on Thursday made their income and assets public for the first time.Seven ministers declared no assets while three ministers just ...