Page 1645 - Business Finance
U.S. oil prices slide with global markets on economic concerns
SINGAPORE (Reuters) - U.S. oil prices slipped by 1 percent early on Wednesday, weighed down by a plunge in global stock markets amid concerns over an economic slowdown.
US dollar falls on economic growth fears
The US dollar slid in late trading on Tuesday as an inverted US Treasury yield curve sparked general concerns about a slowdown in US economic growth.
Palladium hits record high, briefly surpasses gold price
BENGALURU (Reuters) - Palladium soared to a record high on Tuesday, fuelled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid.
Volkswagen may use Ford's U.S. plants to build cars, deepening alliance
WASHINGTON (Reuters) - Volkswagen AG's chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co and might use the U.S. automaker's plants to build cars.
HSBC China securities JV to quadruple China research coverage
HONG KONG (Reuters) - HSBC plans to quadruple the number of mainland Chinese companies covered by research from its China joint venture over the next two years as it seeks to take advantage of its headstart as the first international bank to have majority control of its mainland securities firm. Shenzhen-based HSBC Qianhai Securities, run in conjunction with a local government investment vehicle holding 49 percent, began operating a year ago offering equity and debt underwriting, research and broking as well as M&A advice and investment advisory work.
EU ministers fail to break digital tax deadlock
BRUSSELS (Reuters) - European Union finance ministers failed to agree a tax on digital revenues on Tuesday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to companies like Google and Facebook .
US stocks tumble amid worries over possible economic slowdown
US stocks plunged on Tuesday with all three major indices erasing more than 3 per cent, amid worries over inverted yield curve signalling a possible economic slowdown.
Global stocks dive on growth concerns, doubts over trade truce
NEW YORK (Reuters) - Global stocks tumbled on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism sharply waned that the United States and China would quickly resolve their trade dispute.
Wall Street tumbles, spooked by growth and trade worries
(Reuters) - Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors worried anew about global trade.
Analysis: As markets turn, Fed says it is not fazed
WASHINGTON (Reuters) - U.S. Federal Reserve officials convinced the massive U.S. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who have begun betting against the U.S. central bank's ability to continue raising interest rates.
Global stocks fall on growth concerns, doubts over trade truce
New York (Reuters) - Global stocks sank and the dollar fell on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism that the U.S. and China would quickly resolve their trade dispute dwindled.
Wall Street drops two percent, spooked by growth and trade worries
(Reuters) - Wall Street tumbled more than 2 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent worrisome signs about economic growth and investors worried anew about global trade.
Xi arrives in Portugal to boost trade ties
Chinese President Xi Jinping arrived in Portugal on Tuesday for a two-day visit to boost economic ties, despite concern in some EU capitals over China's growing influence across the continent. "Relations between China and Portugal are entering their best period... We must develop existing projects and step up our commercial exchanges," Xi said at a meeting with counterpart Marcelo Rebelo de Sousa. His two-day stay will include the signing of cooperation agreements, one of which will bring the southwestern port of Sines into what China calls the "new Silk Road". The initiative offers loans to build railways, roads, and ports across Asia, Europe and Africa. "Portugal is an important hub in the land and maritime silk routes," Xi said. De Sousa added Sines was "the symbol of a partnership which we want to continue to build." Andre Verissimo, editor of the leading business newspaper Jornal de Negocios, said: "If Portugal joins the initiative, it will become the first country in western ...
Visa, Mastercard offer to cap tourist card fees to end EU probe
BRUSSELS (Reuters) - Visa and Mastercard have offered to cap the fees charged on card payments made by tourists in the European Union to stave off fines and end an EU antitrust investigation.
Airbus joins forces with Lockheed for U.S. tanker refuelling
BERLIN (Reuters) - Airbus and Lockheed Martin said on Tuesday they are teaming up to meet a growing demand for aerial refuelling from the U.S. Air Force, nearly eight years after the European planemaker lost an initial battle with Boeing .
Wall Street sinks on worries over slowing growth, trade truce outcome
(Reuters) - Wall Street fell more than 2 percent on Tuesday, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat.
Property tax increase, redevelopment of Meherchand Market proposed in SDMC Budget
An increase in property tax, levying professional tax, redeveloping an old mart and pedestrianisation of streets in market areas lacking parking facilities were proposed by the BJP-led South Delhi Municipal Corporation in its budget on Tuesday. South Delhi Municipal Commissioner Puneet Kumar Goel said this while presenting the SDMC's revised budget estimates for 2018-19 and budget estimates for 2019-20 at the Civic Centre here. "We plan to increase the earnings of the corporation through various avenues, and one of them is hiking of property tax, which we have proposed in the budget. There is also a provision to levy a professional tax for the year 2019-20, from which an income of Rs 30 crore is expected for that year," Goel said. The revised budget estimate for the current financial year stands at Rs 5,244.14 crore, while the budget estimate for the next fiscal has been proposed to be Rs 5437.97 crore. In the Budget 2019-20, it has been proposed to levy property tax on residential ...
Exclusive: Exxon, Chevron seek to exit Azerbaijan's oil after 25 years
LONDON (Reuters) - Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
Fed's Williams expects further U.S. rate increases into next year
NEW YORK (Reuters) - One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes continuing next year since the U.S. economy is "in really good shape," reinforcing the Fed's upbeat tone in the face of growing doubts in financial markets.
Global stocks slip on doubts over trade truce, worries of slowing growth
New York (Reuters) - A key gauge of world equity markets fell on Tuesday as hopes faded for a speedy resolution to the U.S.-China trade spat, while a flattening Treasury yield curve sparked recession warning signs that weighed on the U.S. dollar.