Page 1589 - Business Finance
Markets open on high note on Wednesday
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
Market opens higher; breadth positive
Key benchmark indices were trading higher in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 113.26 points or 0.32% at 35,263.27. The Nifty 50 index was up 15.50 points or 0.15% at 10,564.65.
Ashok Leyland signs MoU with ELBIT Systems
For defence business
Bonds rally after appointment of new RBI governor, rupee falls
MUMBAI (Reuters) - Indian bonds rallied on Wednesday following the appointment of Shaktikanta Das as the new Reserve Bank of India governor, but the rupee weakened slightly on the back of sharp gains in global crude oil prices.
Shares may rise at opening bell
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 10 points at the opening bell.
Unichem Labs may sizzle after securing USFDA nod
Unichem Laboratories received a tentative approval from the United States food and Drug Administration for its Tadalafil tablets in the strengths of 2.5 mg, 5 mg, 10 mg and 20 mg. The announcement was made after market hours yesterday, 11 December 2018.
Global Markets: Stocks run with Sino-U.S. trade hopes; sterling hamstrung by politics
SYDNEY (Reuters) - Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.
Canadian diplomat detained in China
A Canadian national employed in the International Crisis Group has been reportedly detained in China, the non-profit organisation said on Tuesday.Michael Kovrig, who is northeast Asia senior adviser for the International Crisis Group and a former Canadian diplomat has been working with the group since February last year, CNN reported."We are doing everything possible to secure additional information on Michael's whereabouts as well as his prompt and safe release," the International Crisis Group said in a statement.According to the non-profit organisation, Kovrig served as a diplomat in Beijing and Hong Kong and has penned about China's role in geopolitics, including its deliberations with North Korea and ties with the United States.Kovrig's reported disappearance comes days after Canadian authorities arrested a top Chinese executive of tech giant Huawei earlier this month in Vancouver.
Exclusive: White House delays new farm aid payments on China trade hopes - sources
WASHINGTON/NEW YORK (Reuters) - The White House is delaying additional payments from a $12 billion aid package for farmers stung by President Donald Trump's trade war with China because it expects Beijing to resume buying U.S. soybeans, three sources familiar with the matter told Reuters.
China's Tencent Music raises nearly $1.1 billion in U.S. IPO
NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.
Global Markets: Asia stocks up on Sino-U.S. trade hopes, sterling nurses losses
SYDNEY (Reuters) - Asian stock markets edged ahead on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with talk of an imminent party coup against British Prime Minister Theresa May.
SoftBank plans Nvidia stake sale soon, could make about $3 billion - Bloomberg
TOKYO (Reuters) - SoftBank Group Corp <9984.T> is planning to sell its stake in Nvidia Corp early next year as the U.S. chipmaker's shares slide, Bloomberg reported, citing people familiar with the matter.
Dell gets shareholder approval for VMware deal
(Reuters) - Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it to return to the market.
Global Markets: Asia stocks cautious, pound pummelled by politics
SYDNEY (Reuters) - Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S. trade, while sterling was battered by talk of an imminent party coup against British Prime Minister Theresa May.
Oil traders eye Cushing builds as Sunrise startup shifts flows
NEW YORK (Reuters) - The sooner-than-expected startup of the extended Sunrise oil pipeline system in west Texas has shifted flows of crude and boosted inventories in Cushing, Oklahoma, close to a one-year high, with traders now bracing for builds into next year.
Tencent Music IPO priced at low end of range - WSJ
(Reuters) - China-based music streaming company Tencent Music Entertainment Group's initial public offering was priced at the low end of its $13 to $15 per ADS range, the Wall Street Journal reported on Tuesday, citing a source.
China, U.S. discuss road map for next stage of trade talks
WASHINGTON/BEIJING (Reuters) - China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world's two largest economies.
S&P 500 rises in choppy session; shutdown threat, trade in focus
New York (Reuters) - Wall Street's three major indexes turned higher in a volatile session as investors appeared hopeful about China-U.S. trade talks, reversing an earlier slump that coincided with President Donald Trump's threat to shut down the U.S. government.
Oil pares gains on threatened U.S. government shutdown
NEW YORK (Reuters) - Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible U.S. government shutdown.
Global Markets: Stocks gain on possible thaw in trade spat; oil climbs
NEW YORK (Reuters) - A gauge of global stock markets climbed on Tuesday as signs of a thaw in the U.S.-China trade battle helped investors overlook heightened uncertainty over Brexit and French protests, while oil prices rebounded from a selloff a day earlier.