Page 1656 - Business Finance
Prestige Estates Projects Ltd Slides 3.29%, S&P BSE Realty Index index Drops 1.08%
Prestige Estates Projects Ltd has added 8.42% over last one month compared to 5.72% gain in S&P BSE Realty Index index and 3.14% rise in the SENSEX
8K Miles Software Services Ltd Spikes 4.98%
8K Miles Software Services Ltd has added 203.79% over last one month compared to 2.67% gain in S&P BSE IT Sector index and 3.57% rise in the SENSEX
Asian markets slip as China-US trade deal joy subsides
Asian markets mostly dropped Tuesday as the previous day's euphoria over the China-US trade ceasefire gave way to questions about whether the two can ultimately resolve their differences. However, oil prices continued to rise, building on Monday's surge fuelled by the agreement as well as news of a Russia-Saudi Arabia pact to cap output. Global investors were given some much-needed Christmas cheer at the weekend after Donald Trump and Xi Jinping called a halt to their painful tariffs battle for 90 days while they try to resolve their differences. The news lit a fuse under markets after a torrid year that has been dominated by the trade war between the world's top two economies, which many fear will hit global growth. However, there is concern that the three month grace period will not be enough for them to hammer out agreements on key issues, particularly on intellectual property protection. "Can the US and China really resolve their differences in 90 days?" asked Rodrigo Catril, ...
Market drifts lower in early trade
Key equity benchmarks drifted lower in early trade as profit booking emerged on the bourses after six straight days of gains. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 122.78 points or 0.34% at 36,118.22. The Nifty 50 index was down 26.70 points or 0.25% at 10,857.05. Most Asian stocks fell.
NMDC slips after revision of iron ore prices
NMDC fell 0.62% to Rs 96.15 at 9:18 IST on BSE after the company reduced prices of iron ore with effect from 1 December 2018.
Number of patents granted by India shot up by 50% in 2017: UN
The number of patents granted by India shot up by 50 per cent in 2017, keeping up a trend of steep increases, according to the UN's World Intellectual Property Organisation (WIPO).
Australia's exports, public spending boost third-quarter economic growth
SYDNEY (Reuters) - Australian exports made a welcome contribution to economic growth last quarter, as did government spending, likely extending the country's 27 years of recession-free expansion.
UK rakes in record 75 billion pounds in City taxes amid Brexit warnings
LONDON (Reuters) - Financial services firms in Britain paid a record 75 billion pounds ($95.5 billion) in taxes in the last financial year, but City bosses warned a chaotic Brexit could blow a hole in the industry's tax receipts in future years.
Stocks may open a tad lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6 points at the opening bell.
NMDC in focus after revision of iron ore prices
NMDC reduced prices of high grade iron ore (lumps) by Rs 300 to Rs 3550 per tonne for the current month. The state-run firm has also cut the prices for iron ore fines, which are inferior grade ore, by Rs 200 to Rs 3,110 per tonne for December 2018. The announcement was made after market hours yesterday, 3 December 2018.
Oil prices extend gains on expected OPEC-led supply cuts
SINGAPORE (Reuters) - Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
Altria in deal talks with cannabis company Cronos Group
(Reuters) - Marlboro cigarette maker Altria Group Inc is in discussions with Canadian cannabis producer Cronos Group Inc about making a possible investment, Cronos said on Monday.
Gold gains as U.S.-China trade truce triggers dollar sell-off
(Reuters) - Gold gained one percent on Monday, hitting its highest in more than three weeks, boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs for 90 days.
Asia shares ease as doubts emerge over Sino-U.S. trade war truce
SHANGHAI (Reuters) - Asian shares fell in early trade on Tuesday as a relief rally sparked by a truce in the U.S.-China trade war gave way to doubts on whether the two countries are able to resolve their differences before a 90-day deadline.
Oil prices extend gains on expected OPEC-led production cuts
SINGAPORE (Reuters) - Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
As Fed says on track, narrowing yield curve could complicate debate
WASHINGTON (Reuters) - Top U.S. Federal Reserve officials say a strong economy will likely keep their rate increase plans intact, but on Monday a key signal began to waver that may intensify debate about whether conditions are as solid as they seem.
Analysis: As Iran supply dries up, South Korea petchem firms find new, costly oil sources
SINGAPORE/SEOUL (Reuters) - With supply from major producer Iran uncertain, big condensate user South Korea is scouring the world for alternative sources of this key ingredient in its large chemical industry to avert shortages - a process that is proving to be costly for buyers.
Stocks rally on China-U.S. trade war truce, dollar down, yuan up
NEW YORK (Reuters) - A truce in the U.S.-China trade war boosted global stocks to their highest in roughly three weeks on Monday, while triggering a dollar sell-off and pushing the Chinese yuan and several trade-dependent currencies higher.
Relief rally boosts Wall Street on U.S.-China trade truce
(Reuters) - Wall Street's major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year.
Trump brags about China trade deal, Wall Street surges
US President Donald Trump on Monday hailed the temporary trade truce he reached with China on the weekend as a "big leap forward" as Wall Street jumped upwards on the news.