Page 1736 - Business Finance
Reliance Industrial Investments incorporates subsidiary in Estonia
On 22 November 2018
Infoline Finance plans to raise up to Rs 5000 crore
Through public issue of NCDs
Oil's Black Friday drop could hit drilling budgets for 2019
HOUSTON (Reuters) - North American oil producers that have been increasing spending to take advantage of this year's higher prices will dial back as November's reversal fuels worries about a 2019 surplus, energy executives say.
Third phase of panchayat polls underway in J-K
Voting for the third phase of the Jammu and Kashmir panchayat elections is underway. The polling began at 8 am in 2,773 polling stations, including 918 in Kashmir division and 1,855 in Jammu division, officials said. The voting would end at 2 pm, they said. The officials said 727 polling stations have been categorised as hypersensitive, including 493 in Kashmir division and 234 in Jammu division, for the third phase. They said 5,239 candidates are in the fray for 358 sarpanch and 1,652 panch seats. Ninety six sarpanchs and 1,437 panchs have been elected unopposed in this phase, they added. The officials said an electorate of 4,23,592 are eligible for voting for sarpanch constituencies while 2,70,668 for panch constituencies. They said all arrangements, including security related, have been put in place for smooth conduct of the polls. The nine-phased elections, being conducted on the non-party basis, began on November 17. In the first phase of the polls, 74.1 per cent polling was ...
Exclusive: Logitech in talks to acquire headphone maker Plantronics - sources
(Reuters) - Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday.
Trump backs Treasury Secretary Mnuchin after reports of dissatisfaction
Donald Trump has praised the work of his treasury secretary after a report said the president was dissatisfied with his pick and blames him for the appointment of a Federal Reserve chairman who has raised interest rates. "I am extremely happy and proud of the job being done by @USTreasury Secretary" Steven Mnuchin, Trump said on Twitter. Citing Trump's advisors, the Journal reported that Trump has also voiced his displeasure over Mnuchin's skepticism toward punitive trade actions against China, as well as recent volatility of the stock market. Quoting a person familiar with the matter, the Journal reported that during a conversation with someone who praised Mnuchin's performance, Trump mentioned turbulence on the stock market and asked: "If he's so good, why is this happening?" The Trump White House has been notorious for its high turnover, with heavyweights including former secretary of state Rex Tillerson and attorney general Jeff Sessions pushed out after losing their boss's ...
US dollar rallies amid concerns over slowdown in euro zone
The US dollar extended gains against most other major currencies as the euro was largely weighed down by concerns over potential economic growth slowdown in the euro zone.
S&P 500 slides into 'correction' for second time this year
US stocks closed lower Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 per cent or more from its recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in more than a year, reflecting worries among traders that a slowing global economy could hurt demand for oil. "Oil is really falling sharply, continuing its downward descent, and that appears to be giving investors a lot of concern that there's slowing global growth," said Jeff Kravetz, regional investment director at U.S. Bank Private Wealth Management. "You have that, and then you have the recent sell-off in tech and in retail, and then throw on there trade tensions and rising rates." Losses in technology and internet companies and banks outweighed gains in health care and household goods stocks. Several big retailers declined as investors monitored Black Friday for signs of a strong holiday shopping season. Trading volume ..
US oil prices end down 7.7 per cent at US 50.42/barrel
US oil prices finished sharply lower Friday, weighed down by worries over excess supply and tepid demand amid global economic uncertainty. The benchmark US contract, West Texas Intermediate for January delivery, dropped USD 4.21 to USD 50.42 a barrel in a holiday-shortened session, a decline of 7.7 per cent and the lowest level in more than a year.
Oil prices collapse as glut fear triggers heavy selling
- Oil prices slumped Friday to lows not seen since last year as concerns over high crude supplies triggered massive selling, dealers said. The WTI futures contract, the New York commodities markets' benchmark, and its European counterpart Brent Crude both fell more than six percent on the day. High global oil production compared to demand was the top reason for Friday's selling, while the outlook for a weakening world economy led investors to conclude that growth would not be strong enough to soak up the surplus. "The truth of the matter remains that rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," said Lukman Otunuga, a research analyst at FXTM. With a December OPEC meeting not expected to make a major dent in production levels, WTI now had scope to fall to $50 "in the near term", he said. In late European trading, WTI held just over USD 51 and Brent around USD 59. Some analysts said US President Donald
US stocks close lower amid oil plunge, data
US stocks closed lower on Friday as steep oil price decline and soft economic data weighed on equities.
Wall Street drops, S&P 500 confirms correction
(Reuters) - U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
RIIHL incorporates Jio Estonia OAce
Reliance Industries Limited (RIL) on Friday said its subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) has incorporated a company in Estonia.
Oil plunges to lowest in a year despite potential OPEC cut
BOSTON (Reuters) - Oil prices slumped more than 6 percent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider cutting output.
UK Black Friday sales down year-on-year, data shows
LONDON (Reuters) - Black Friday spending in Britain fell year-on-year, credit card data showed on Friday, dealing a blow to retailers who had hoped for strong sales at the start of the Christmas shopping season.
Karnataka sugarcane farmers suspend stir for fair price
An assurance by the state government on protecting their interests made Karnataka sugarcane farmers to suspend their agitation for fair price to their crop and settlement of arrears from mill owners, said an official on Friday.
Wall Street Weekahead: Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) - Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
Gold falls as growth concerns boost dollar
BENGALURU (Reuters) - Gold prices slipped on Friday as investors banked on the safety of the dollar over worries about a slowdown in the global economy, exacerbated by a sharp decline in oil prices.
A slippery trade: oil slump proves bears right
LONDON (Reuters) - The latest collapse in oil prices has proved some investors right in their lack of confidence in energy stocks this year.
Global Economy: Breakthrough or breakdown - G20 sets trade war turning point
PARIS (Reuters) - The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires.