Page 1554 - Business Finance
Gold slides on low demand from jewellers
Gold prices Saturday declined by Rs 30 to Rs 32,190 per 10 gram at the bullion market in the national capital on weak demand from local jewellers. Similarly, silver rates dropped by Rs 200 to Rs 38,400 per kg on sluggish demand from industrial units and coin makers. In the national capital, gold of 99.9 per cent and 99.5 per cent purities dropped by Rs 30 to Rs 32,190 and Rs 32,040 per 10 gram, respectively. Sovereign gold stood steady at Rs 25,000 per 8 gram. Traders said gold prices fell due to dip in wedding season demand. Globally, gold slipped to USD 1,238.12 an ounce in New York, while silver held steady at USD 14.57 an ounce. In the domestic market, silver ready declined by Rs 200 to Rs 38,400 per kg, while weekly-based delivery fell by Rs 76 to Rs 38,054 per kg. Besides, silver coins remained unchanged at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Qatar's private sector grew almost 6 percent in 2018 despite oil price volatility
DOHA (Reuters) - Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its finance minister said on Saturday.
Musk hints at Boring Company's first tunnel launch in US
Billionaire Elon Musk on Saturday tweeted a photograph with "The Boring Company" and "December 18" on it, indicating that his infrastructure and tunnel construction firm is set to launch its first tunnel under Los Angeles in the US.
C-DAC, Atos join hands to make supercomputers
The Centre for Development of Advance Computing (C-DAC) and Atos, a global leader in digital transformation based in France, has signed a three-year industrial contract for designing, building and installing the BullSequana, its high-performance supercomputer in India.This contract has been awarded to Atos under the National Supercomputing Mission (NSM), a Rs 4,500 crore scheme spread over seven years, aimed at creating a network of over 70 high-performance supercomputing facilities for various academic and research institutions across India.This industrial alliance, which was signed here on Friday, falls fully under the close relations and strategic partnership between the two countries in the sectors of space, civilian nuclear energy, defence, and counter-terrorism.French Minister of Europe and Foreign Affairs Jean Yves Le Drian said, "Today we have sealed an industrial alliance that contributes to strengthening our strategic partnership as two countries will be involved in together
Board of Gopal Iron & Steels Co.(Gujarat) for sale of undertaking at Ahmedabad
At meeting held on 15 December 2018
Mergers will kill branches when the need is for branch expansion: AIBEA
At a time when India is largely unbanked or underbanked with low density of banks, merger of banks will result in killing of branches and would divert attention from recovering huge outstanding loans, said a top leader of the All India Bank Employees' Association (AIBEA).
Leveraging community leaders to build resilience against climate change in urban areas (Comment)
While cities cover only two per cent of the global land area, they contribute around 70 per cent of the global greenhouse emissions, one of the main drivers of climate change.
China's November home price growth slows as smaller cities cool
BEIJING (Reuters) - Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity.
China to halt added tariffs on U.S.-made cars in easing of trade tensions
BEIJING/WASHINGTON (Reuters) - China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.
Noble says to push forward with restructuring after Bermuda court order
SINGAPORE (Reuters) - Noble Group said on Friday it will take steps to complete its restructuring as soon as possible after a Bermuda court appointed an officer to facilitate the process.
Wall Street collapses, S&P 500 ends at lowest since April
US stocks fell sharply on Friday as investors grew concerns over a possible slowdown of the global economy and a slew of corporate news.
Farm, automaker groups press U.S. officials to push for more EU access
WASHINGTON (Reuters) - U.S. farm, automaker and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union lead to an increase in their access to EU markets with less red tape.
Wall Street tumbles on global growth worries, J&J decline
(Reuters) - Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.
LVMH splashes out on luxury hotels with $3.2 billion Belmond deal
PARIS (Reuters) - Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.
Global growth worry hits stocks, but U.S. data lifts dollar
NEW YORK (Reuters) - A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.
Oil drops 2 percent on Wall Street losses, weak China data
NEW YORK (Reuters) - Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.
Global growth worries, J&J's tumble drag Wall St. lower
(Reuters) - U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
Corrected: Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions - sources
WASHINGTON/NEW YORK (Reuters) - (The story corrects to show U.S. wireless carriers do not use Huawei equipment but are not banned from doing so)
US-China comprehensive trade deal 'rather soon', says Trump
United States President Donald Trump has said that China is interested in forging a comprehensive trade deal with the United States 'rather soon'."China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!" he tweeted on Friday (local time).Earlier in the day, Sputnik quoted the Chinese Finance Ministry as saying in a statement that Beijing will suspend 25 per cent tariffs on 144 US vehicle and auto part items and five per cent tariffs on 67 auto items between January 1 and March 31, 2019.The US and China have been at loggerheads recently over the imposition of tariffs.Earlier this month, Trump, while talking about the US-China trade truce, had stated that either Washington will have a real deal with Beijing or no deal at all. He had further asserted that if no deal is ...