Page 1666 - Business Finance
Hong Kong Stocks jump after US-China G-20 trade deal
Risk appetite has returned in city market today on the positive Sino-US trade truce struck at the G20 Summit, a relief for the global economic outlook and a tonic for emerging markets. Chinese President Xi Jinping and his U.S. counterpart Donald Trump agreed on Saturday to take measures to ease bilateral trade tensions and keep up close contacts.
China Stocks gain on US-China tade war ceasefire deal
The Mainland market took heart from the positive Sino-US trade truce struck at the G20 Summit. In a much-anticipated meeting between Donald Trump and Xi Jinping at the weekend, the heads of the world's two biggest economies hammered out a deal that will see them hold off on their tit-for-tat tariffs row, which has roiled global equities for most of the year. The leaders called a cease-fire in their trade dispute, to last for at least 90 days, to allow time to smooth out disagreements over Chinese technology policies that the U.S. and other trading partners consider predatory. Trump will hold off on plans to raise tariffs on $200 billion in Chinese goods, which were supposed to kick in on Jan. 1. In return, Xi agreed to buy a "very substantial amount" of agricultural, energy and industrial products from the U.S. to reduce its large trade deficit with China.
Japan Nikkei surges to seven-week high on US-China trade truce
Tokyo market continued its bull run on Monday trade after the United States agreed to suspend imposing tariffs on China for three months at the G20 Summit, a relief for the global economic outlook and a tonic for emerging markets.
Australia Stocks surge in relief rally after China-US deal
Risk appetite has returned this morning on the positive Sino-US trade truce struck at the G20 Summit, a relief for the global economic outlook and a tonic for emerging markets. In a much-anticipated meeting between Donald Trump and Xi Jinping at the weekend, the heads of the world's two biggest economies hammered out a deal that will see them hold off on their tit-for-tat tariffs row, which has roiled global equities for most of the year. The leaders called a cease-fire in their trade dispute, to last for at least 90 days, to allow time to smooth out disagreements over Chinese technology policies that the U.S. and other trading partners consider predatory. Trump will hold off on plans to raise tariffs on $200 billion in Chinese goods, which were supposed to kick in on Jan. 1. In return, Xi agreed to buy a "very substantial amount" of agricultural, energy and industrial products from the U.S. to reduce its large trade deficit with China.
Sandhar Tech jumps after JV with South Korean firm
Sandhar Technologies rose 3.58% to Rs 321.20 at 11:27 IST on BSE after the company said it entered into a 50-50 joint venture with South Korea's Kwangsung Corporation.
Coriander futures rise on firm demand
Coriander prices shot up by 1.76 per cent to reach Rs 6,575 per quintal in futures market Monday as participants built up positions amid rising spot demand. Besides, tight stocks from restricted arrivals in major growing belts also weighed on coriander futures. At the National Commodity and Derivatives Exchange, coriander for January delivery rose by Rs 114, or 1.76 per cent, to Rs 6,575 per quintal with an open interest of 7,900 lots. Similarly, the delivery for far-month April 2019 was trading higher by Rs 177, or 2.61 per cent, to Rs 6,955 per quintal with an open interest of 50 lots. Market analysts attributed the rise in coriander futures to the rise in demand in the physical market against tight stocks amid fall in supplies from producing regions.
Metal and mining stocks shine as copper prices rise
Key benchmark indices trimmed gains in mid-morning trade after an initial upmove. At 11:15 IST, the barometer index, the S&P BSE Sensex, was up 106.78 points or 0.3% at 36,301.08. The Nifty 50 index was up 19.15 points or 0.18% at 10,895.90. Metal and mining stocks gained as copper prices rose in global commodity markets. Gains in Asian stocks and US index futures following a cease-fire on tariffs between Beijing and Washington over the weekend boosted sentiment.
Ghosn's legal woes highlight governance failings in Japan
One of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now. Ghosn, who headed the Renault-Nissan-Mitsubishi Motors auto alliance, was arrested November 19 on suspicion he underreported his income by USD 44 million over five years, or about half of what he was really making. Nissan Motor Co and Mitsubishi have ousted him as chairman; the board of Renault SA of France says it's waiting for more evidence. Nissan is among a growing list of top-name Japanese companies whose corporate governance has been found lacking in recent years. "Wait a minute. Who wrote the financial statements? The accountants. Who audited them? The auditors," Christopher Richter, auto analyst for CLSA Securities Japan Co., said of the case. "How do you do this without other people being complicit?" Japanese prosecutors say ...
US stocks ended week with strong gains
Indices notch their best week in nearly seven years
Nifty, Sensex rise as U.S.-China trade war truce boosts commodities
(Reuters) - Indian shares began the last month of 2018 higher on Monday, tracking upbeat mood in broader Asian markets as truce talks between U.S. and Chinese leaders at the G20 summit boosted sentiment in commodity and IT stocks.
Mahindra & Mahindra tractor sales jump 13% in Nov 2018
Domestic sales in November 2018 were at 25,159 units, as against 21,271 units during November 2017. Total tractor sales (domestic + exports) during November 2018 were at 25,949 units, as against 22,994 units for the same period last year. Exports for the month stood at 790 units.
Global economy: Asia's outlook darkens as factory activity slips, new orders fall
TOKYO (Reuters) - Asia's economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.
Volumes jump at Power Grid Corporation of India Ltd counter
Power Grid Corporation of India Ltd witnessed volume of 47.17 lakh shares by 10:48 IST on BSE, a 35.41 times surge over two-week average daily volume of 1.33 lakh shares
Sun Pharma slumps on buzz Sebi plans to reopen insider trading case
Sun Pharmaceutical Industries fell 6.97% to Rs 458 at 10:41 IST on BSE after media reported that the stock market regulator is likely to reopen the investigation into the insider trading case against the company and its promoters.
Strong market breadth
Stocks held firm in morning trade after an initial upmove triggered by upbeat Asian stocks and US index futures following a cease-fire on tariffs between Beijing and Washington over the weekend. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 167.61 points or 0.46% at 36,361.91. The Nifty 50 index was up 41.80 points or 0.38% at 10,918.55.
Castor seed prices rise by Rs 70 on firm bets
Castor seed prices rose sharply by Rs 70 to Rs 5,508 per quintal in futures trade Monday after investors widened their bets amid firm trends. Marketmen said besides rising demand from consuming industries, shortage of stocks at the spot markets mainly led to the rise in castor seed futures. At the National Commodity and Derivatives Exchange, castor seed for January was trading higher by a hefty Rs 70, or 1.29 per cent, to Rs 5,508 per quintal. Castor seed for February next year, too, showed a similar trend as it surged by Rs 74, or 1.34 per cent, to Rs 5,576 per quintal, having an open interest of 3,200 lots.
China media welcomes U.S. trade truce, markets surge
BEIJING/SHANGHAI (Reuters) - Chinese state media gave a cautious welcome on Monday to the trade war truce agreed by China and the United States at the weekend, as Chinese shares, commodities and the yuan currency surged even as uncertainly remains about the deal.
China agrees to 'reduce and remove' tariffs on US cars: Trump
China has agreed to scale back tariffs on imported US cars, President Donald Trump said Sunday, one day after agreeing with Xi Jinping to a ceasefire in the trade war between the world's top two economies. Asia stocks had rallied on the news that Washington and Beijing would not impose any new tariffs during a three-month grace period, during which the two sides are meant to finalize a more detailed agreement. "China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40 per cent," Trump said on Twitter.
Outlook on Indian banks stable: Moody's
Moody's Investors Service Monday said it has a stable outlook on the Indian banking system for the next 12-18 months as economic growth prospects remain healthy amid weak, but stabilising, asset quality. The stable outlook is based on six parameters operating environment, asset quality, capital, funding and liquidity, profitability and efficiency, and government support all of which Moody's believe are stable. The environment will stay stable, supported by robust economic growth, Moody's said in a statement. The agency expects the real gross domestic product (GDP) in India to grow 7.2 per cent in the year ending March 2019 and 7.4 per cent in the following year, driven by investment growth and strong consumption. "Our outlook for the Indian banking system is stable, underpinned by healthy economic growth, and weak but stabilizing asset quality," Moody's Vice President and Senior Credit Officer Srikanth Vadlamani said. However, liquidity constraints at non-bank finance institutions ..
MOIL announces revision in prices of Manganese Ore and other products
Effective 01 December 2018