Page 1551 - Business Finance

NTPC Ltd Spurts 4.46%, S&P BSE Power index Gains 2.8%

NTPC Ltd has lost 2.6% over last one month compared to 1.31% gain in S&P BSE Power index and 2.05% rise in the SENSEX

Asian markets mostly up ahead of key meetings in China and US

Asian markets mostly rose Monday as traders look ahead to a key meeting of the Federal Reserve, and a Chinese policy-setting conference this week. However, there is still caution on trading floors after Friday's sharp sell-off fuelled by concerns over China's economy, and despite a tweet from Donald Trump suggesting a trade deal could be hammered out between Washington and Beijing. While there are signs the world's top two economies are beginning to move towards a resolution in their bitter tariffs spat, there are increasing concerns about the global outlook following another dour set of indicators out of China. A string of below-par readings this year have highlighted a slowdown in the Asian giant and observers are forecasting leaders will unveil fresh measures to pep up the economy, which is on course for another year of relatively weak growth. A speech from President Xi Jinping to mark 40 years since China's economy began opening up will be closely followed Tuesday, and that is ...

France asks Engie to take hedging positions over gas price freeze

PARIS (Reuters) - The French government said on Sunday it had asked utility Engie to take hedging positions to ensure gas prices do not rise until June next year.

Bharti Airtel gains on fund raising plan

Bharti Airtel rose 0.88% to Rs 321.60 at 9:17 IST on BSE after the company announced that its board will meet on 20 December 2018 to consider various fund raising options for the company as the board may deem appropriate.

Filling re-election coffers, Australian govt sees bigger budget surpluses ahead

SYDNEY (Reuters) - Australia's conservative government on Monday forecast the country's strongest budget outlook in 10 years, arming Prime Minister Scott Morrison with a war chest large enough to allow for possible tax cuts ahead of an election in less than six months.

Renault seeks Nissan shareholder meeting as Ghosn crisis deepens

PARIS (Reuters) - Renault requested a full Nissan shareholder meeting, a source close to the company said - appearing to escalate the carmaker's standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn.

Big losses at Wall Street

Stocks tumble on global growth fears

Market may open higher

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.

UK restaurant closures surge as consumers lose appetite to spend

LONDON (Reuters) - More than 1,000 restaurants went bust in Britain in the year through September, a 24 percent rise on the previous 12 months as the industry grapples with overcapacity as consumer spending slows, accountants Moore Stephens said on Monday.

South Korea cuts GDP outlook, keeps policy of seeking equitable growth

SEOUL (Reuters) - South Korea trimmed economic growth forecasts for both this year and next year on Monday, citing weak investment and global trade disputes, and pledged to employ aggressive fiscal policy to cushion the impact.

Global Markets: Asian shares hobbled by mounting risks to global growth

TOKYO (Reuters) - Asian share markets began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions.

Chinese yuan declines to 6.8908 against US dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 158 basis points to 6.8908 against the US dollar Monday, according to the China Foreign Exchange Trade System.

Australian stocks lower amid global worries

The Australian share market was lower on Monday with mixed results across the sectors and financials weighing the heaviest.

Maldives open for overseas investment, President Solih tells biz leaders

In his first overseas visit after taking over as the President of the Maldives, Ibrahim Mohamed Solih Sunday termed India as its closest friend and invited the Indian business community to invest in his country. Addressing the India-Maldives Business Forum here, Solih said his country was working on various infrastructure projects and assured Indian business leaders that there are no obstacles in investing the island nation. "India is not only our closest friend, it is also our largest trading partner. The economic success India has achieved after liberalising its economy is worthy of the highest praise," Solih said. Terming the Maldives as a fast-growing emerging economy, he added the country continues to develop its tourism industry. "We are making investment in infrastructure development ranging from harbour construction to new look airports...in the Maldives, there are no obstacles for ownership of investment," he said. He added the country is fully committed to providing ...

Qatar considering increasing its stake in Deutsche Bank: Handelsblatt

FRANKFURT (Reuters) - Qatar is considering increasing its stake in Deutsche Bank, newspaper Handelsblatt reported on Sunday.

Recent market 'jolt' will be first of many as easy money era ends, says BIS

LONDON (Reuters) - Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday.

Qatar to invest USD 20 bn in US energy sector: minister

Energy-rich Qatar, under blockade by its Gulf neighbours, said on Sunday it plans to invest more than $20 billion in the US energy sector over the next five years. Saad al-Kaabi, minister of state for energy affairs and CEO of Qatar Petroleum, told a conference in Doha the Gulf state is looking to invest in US oil and gas sectors as well as unconventional resources. "North of USD20 billion will be invested over the next five years in the United States in different projects," Kaabi told the Doha Forum. He said Qatar's main target was to revive the multi-billion dollar Golden Pass LNG (liquified natural gas) terminal in Texas. "We are contemplating moving (the project) forward with our partners," said Kaabi, adding that a final decision on the matter would be taken shortly. Qatar Petroleum owns 70 per cent of the project, with ExxonMobil and ConocoPhillips splitting the rest. Kaabi said Qatar's LNG production would rise by 16 million tonnes annually, with an aim of reaching 110 million .

Will landing be soft or 'chaotic' as Fed begins to stop rate hike cycle

WASHINGTON/SAN FRANCISCO (Reuters) - In June 2006, the U.S. Federal Reserve raised interest rates for a 17th consecutive time but cushioned the increase with a strong signal that officials were ready to stop the tightening cycle.

Germany to tighten rules on foreign takeovers: Report

Germany plans to toughen rules on non-EU share purchases and acquisitions of its strategic companies, a report said Sunday, amid growing disquiet about takeovers by Chinese firms. Chancellor Angela Merkel's cabinet plans to approve the law change on Wednesday and send it to parliament, the Handelsblatt business daily said, without citing its sources. The update of the Foreign Trade Regulation would allow the German government to review or bloc foreign purchases of stakes as low as 10 percent in such companies, down from 25 per cent now. The rule would apply to "security relevant" companies that are crucial to Germany's defence or "critical infrastructure", including many high-tech and power companies but also large food producers. Germany and other European Union member states have voiced growing concern in recent years as Chinese companies have bought up, or purchased controlling stakes in, airports, harbours and high-tech firms. Chinese appliance giant Midea in mid-2016 took over ...

5,000 Compressed Bio Gas plants will be set up by 2023:

Petroleum and Natural Gas Minister Dharmendra Pradhan Sunday said around 5,000 Compressed Bio Gas (CBG) plants will be set across the country by 2023. He said these plants meant for extracting biogas from agricultural residue, cattle dung and municipal solid waste will have an estimated annual CBG production of 15 million tonne. Pradhan was speaking at a road show organised by oil marketing companies here to sensitise the stakeholders to participate in the SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Under the initiative, CBG will be promoted as an alternative under the SATAT initiative launched by the Central government on October 1, 2018. Pradhan said the SATAT initiative aims to produce CBG from agricultural residue. The initiative will also create employment opportunities, promote economic growth and boost all-round development of Odisha, he said. The SATAT initiative aims to boost availability of more affordable transport fuels, ...