Page 1632 - Business Finance

Huawei founder's daughter arrested on U.S. request, puts trade war truce in doubt

VANCOUVER/WASHINGTON (Reuters) - The daughter of Chinese tech giant Huawei's founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets.

ICICI Bank announces change in nominee director

With effect from 04 December 2018

UROS Group joins forces with Tata Communications

To accelerate IoT and Smart City Projects

Gold gains as risk aversion weighs on dollar

BENGALURU - Gold edged higher on Thursday as growing risk aversion weighed on the dollar, while palladium held ground at a premium to the bullion.

All countries will lose in the global trade war, says WTO's Roberto Azevedo

The alternative of escalating the trade conflict would undermine the global economic recovery

Volumes spurt at Team Lease Services Ltd counter

Team Lease Services Ltd notched up volume of 11019 shares by 10:48 IST on BSE, a 8.12 fold spurt over two-week average daily volume of 1357 shares

Sun Pharma rises on bargain hunting

Sun Pharmaceutical Industries rose 2.27% to Rs 423 at 10:26 IST on BSE on bargain hunting after a recent slide.

Top Huawei executive detained in Canada, angering China

A top executive and daughter of the founder of Chinese telecom giant Huawei has been arrested in Canada and faces extradition to the United States, officials said Thursday, angering Beijing days into a trade war truce with the US. The detention of Meng Wanzhou, Huawei's chief financial officer, comes after American authorities reportedly launched an investigation into suspected Iran sanctions violations by Huawei, which was already under scrutiny by US intelligence officials who deemed the company a national security threat. The arrest stirred tensions just as the United States and China agreed to a ceasefire in their trade spat while negotiators seek a deal within three months. News of her detention rippled through stock markets in Asia, particularly Shanghai and Hong Kong, with tech firms among the worst hit. By lunch Shanghai was 1.3 per cent lower while Hong Kong was 2.6 per cent off. "China is working creatively to undermine our national security interests, and the United States .

Indigo Partners and WOW air Discussions Progressing

/ -- Indigo Partners ("Indigo") and WOW air ("WOW") initiated diligence meetings this week in Reykjavik as the initial steps to a potential Indigo investment after the signing of a term sheet last week. A team from Indigo Partners spent the last two days with WOW air management to review the business and opportunities of the airline going forward. The overall process is progressing and both parties are working to finalize the investment. Issues remaining include WOW's planned network development, vendor contracts including aircraft leases and certain waivers from WOW's bondholders. "These have been two very good days with detailed discussions around WOW's current business and how we would envision it going forward. WOW air has a dedicated team and a strong brand that has significant potential," said Bill Franke, Managing Partner of Indigo Partners. "We are very pleased with the visit from Indigo Partners and it's clear that we can learn a lot from Bill Franke and his team on how to

Bank of Baroda announces revision in MCLR rates

With effect from 07 December 2018

ICICI Bank to consider domestic fund raising

On 10 December 2018

Nissan hit by new inspection scandal after Ghosn arrest: Report

Nissan plans to conduct another recall owing to "improper" tests on new vehicles, a newspaper said Thursday, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. The latest issue was uncovered after transport ministry officials conducted on-site inspections at Nissan's major assembly plants, the Nikkei business daily said. Several employees admitted they carried out "improper" tests on brake and other systems before shipment, the newspaper said, without specifying how many cars were affected. Nissan plans to make an announcement on the case later this month and is considering recalling any vehicles improperly tested, it added. Immediate confirmation of the report was not available. The manufacturer was forced to recall more than one million vehicles last year after admitting staff without proper authorisation had conducted final inspections on some units intended for the domestic market before they were shipped to dealers. In a ...

IL&FS Investment Managers announces appointment of nominee directors

On 06 December 2018

Cords Cable Industries becomes approved vendor for Raipur Development Authority

a. Instrumentation cables b. Control cables c. Power cables

Rupee falls 54 paise, touches 71 level against US dollar

The rupee depreciated by 54 paise and hit the 71 per dollar mark in early trade Thursday amid strengthening American currency and weak opening in the domestic equity market. Forex traders said the strength of the US dollar against other overseas currencies and foreign fund outflows weighed on the local unit. At the Interbank Foreign Exchange, the rupee opened weak at Rs 70.82, then fell further to 71 against the American currency, down 54 paise over it's previous closing price. On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 357.82 crore Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 791.59 crore, provisional data available with BSE showed. Meanwhile, the 30-share Sensex was trading 347.53 points, or 0.97 per cent, lower at 35,536.88 at 1000 hrs. Oil prices extended losses ahead of the meeting of Opec and non-Opec production companies. Brent crude, the international benchmark, was trading 0.83 per cent lower at USD ...

Hong Kong Stocks extend losses on heightened trade tensions

Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada's Department of Justice said on Wednesday. The arrest is related to violations of U.S. sanctions. Huawei confirmed the arrest in a statement and said that it has been provided little information of the charges against Meng, adding that it was not aware of any wrongdoing by Ms. Meng. The arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping held a meeting in Argentina where they agreed to steps to resolve a brewing trade war. U.S. authorities have been probing Huawei, one of the world's largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.

China Stocks fall on trade concerns, Huawei CFO arrest

Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada's Department of Justice said on Wednesday. The arrest is related to violations of U.S. sanctions. Huawei confirmed the arrest in a statement and said that it has been provided little information of the charges against Meng, adding that it was not aware of any wrongdoing by Ms. Meng. The arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping held a meeting in Argentina where they agreed to steps to resolve a brewing trade war. U.S. authorities have been probing Huawei, one of the world's largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.

Japan Nikkei extends losses on global growth worries

Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade amid a sharp fall in long-term rates. A flatter curve is seen as an indicator of a slowing economy, with lower longer-dated yields suggesting that the markets see economic weakness ahead.

Australia Stocks fall on US slowdown fears, Huawei CFO arrest

Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade amid a sharp fall in long-term rates. A flatter curve is seen as an indicator of a slowing economy, with lower longer-dated yields suggesting that the markets see economic weakness ahead.

Vedanta Ltd Slips 3.3%, S&P BSE Metal index Shed 2.14%

Vedanta Ltd has lost 7.56% over last one month compared to 11.56% fall in S&P BSE Metal index and 1.74% rise in the SENSEX