Page 1578 - Business Finance
China's Tencent Music debut strikes a chord with investors
(Reuters) - Shares of China-based music streaming company Tencent Music Entertainment Group rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
Global Markets: Trade talk lifts stocks, sterling rises on May bets
NEW YORK (Reuters) - A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the U.S. and China while sterling bounced on bets that UK Prime Minister Theresa May would keep her job.
With stock riding tailwind, United Airlines CEO doubles down on growth strategy
CHICAGO (Reuters) - With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.
Wall Street pushes higher on trade talk optimism
(Reuters) - U.S. stocks jumped about 1.6 percent on Wednesday, bolstered by the technology sector, as signs Beijing would ease its "Made in China 2025" industrial policy added to optimism fuelled by President Donald Trump's upbeat comments on trade talks.
Toyota advances plans to replace Takata airbags in 65,000 vehicles
(Reuters) - Toyota Motor Corp <7203.T> said on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced.
Canada's Via Rail picks Siemens for new contract, Bombardier loses out
(Reuters) - Bombardier Inc on Wednesday missed out on its second contract in Canada this year after state-owned Via Rail picked Germany's Siemens AG for fulfilling a fresh order of locomotives.
Exclusive: China makes first major buy of U.S. soybeans since Trump-Xi meet
CHICAGO (Reuters) - China on Wednesday bought at least 500,000 tonnes of U.S. soybeans in its first major purchase of the oilseed since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, traders said.
Tata Trusts appoint Vijay Singh, Venu Srinivasan as Vice Chairmen (Lead, Correcting Intro)
Tata Trusts on Wednesday announced the appointment of former Defence Secretary Vijay Singh, and Chairman of Sundaram-Clayton and TVS Motor Company Venu Srinivasan as their Vice Chairmen.
Tata Trusts appoint Vijay Singh, Venu Srinivasan as Vice Chairmen
Tata Trusts on Wednesday announced the appointment of and Chairman of Sundaram-Clayton and TVS Motor Company Venu Srinivasan as its Vice Chairmen.
SEBI eases norms OFS norms to include firms with Rs 1,000-cr m-cap
The Securities and Exchange Board of India (SEBI) on Wednesday relaxed the regulations for "Offer for Sale" (OFS) of shares through stock exchange, among other reform measures.
Brazil court grants Nissan ex-boss Ghosn access to Rio apartment
SAO PAULO (Reuters) - A Brazilian court decided on Wednesday that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right to access a contested Rio apartment to retrieve personal belongings, according to a legal document seen by Reuters.
China's Tencent Music jumps 11 percent in U.S. debut
(Reuters) - Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
India's overall exports grow by 17.01 per cent
India's overall exports including merchandise and services have increased a positive growth of 17.01 per cent during April-September of 2018-19 as compared to the corresponding period of previous year, Minister of State for Commerce and Industry CR Chaudhary informed the Rajya Sabha in a written reply."During April-September of 2017-18, India's total export value was pegged at US $ 226.08 billion, which increased to US $ 264.54 billion during April-September period of the current financial year," the minister said."In order to boost India's exports, the Central government has taken several measures through new Foreign Trade Policy (FTP) 2015-20 launched on April 1, 2015, its mid-term review released on December 5, 2017, and other policy measures taken from time to time," he added.According to Chaudhary, FTP 2015-20 provides a framework for increasing exports of goods and services as well as the generation of employment and increasing value addition in the country, in line with the ...
Pilot union writes to AI chairman outlining salary issue
Pilot Union of Indian Airlines' Indian Commercial Pilots' Association (ICPA), on Wednesday wrote to AI chairman P S Kharola complaining about rising stress due to financial issues.Complaining about the non-payment of flying allowance, the letter read, "While a greater number of employees have collected their pay in full, we Pilots, are yet to receive the Flying Allowance which constitutes to 80% of our pay package. In-spite of several requests in the past not to bifurcate salary and Flying allowance for pilots, it is being ignored. We are awaiting Flying Allowance for the work done in the month of October. There is already a backlog of one month Flying Allowance. This unspecified delay in Flying Allowance has impaired our financial planning and credentials to boundless breadth."Outlining that majority of pilots have defaulted on their bank loans and credit card payments while the rest had to arrange funds by taking further loans, the letter asserts that situation has put a lot of ...
Gold gains as dollar weakens, U.S. rate hike prospects fade
BENGALURU (Reuters) - Gold prices edged higher on Wednesday as the dollar slipped and expectations of U.S. interest rate hikes next year dimmed, brightening the appeal of non-interest yielding bullion.
Tencent Music debut strikes a chord with investors
(Reuters) - Shares of China-based music streaming company Tencent Music Entertainment rose more than 13 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
Nobody can raise doubts about Modi's leadership: Ramdev
Yoga guru Ramdev said Wednesday that no one raise doubts about Prime Minister Narendra Modi's leadership and policies, the statement coming a day after the reverses suffered by the Bharatiya Janata Party (BJP) in the Madhya Pradesh, Chhattisgarh and Rajasthan Assembly elections. "Modi was not someone who indulges in vote-bank politics," Ramdev said at the India Economic Conclave organised by Times Network here. Replying to a question whether Modi had fulfilled his promises, Ramdev said, "I don't want to invite trouble by replying to such political questions, because you have to pay a price for it. Still, I would say no one can raise doubts over Modi's leadership, intentions and his policies. He has launched more than 100 huge nation-building projects and he has never engaged in vote-bank politics." Asked whether black money had been wiped out from the country under the National Democratic Alliance (NDA), Ramdev, who had been vocal about the issue in the past, said after ...
Lowe's to buy back $10 billion shares, reiterates 2018 forecast
(Reuters) - U.S. home improvement chain Lowe's Cos Inc on Wednesday approved a $10 billion share repurchase program and reiterated its full-year forecast for sales growth that was roughly in line with Wall Street expectation.
Britain freezes bank account linked to Azerbaijani Laundromat
LONDON (Reuters) - British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies.
November retail inflation falls to 2.3%, October IIP up over 8% (Roundup)
Lower food prices eased India's November retail inflation rate to 2.33 per cent from 3.38 per cent in the previous month, while higher manufacturing boosted industrial output growth in October to 8.1 per cent, an official data showed on Wednesday, even as India Inc. welcomed the double bonanza for the economy.