Page 1829 - Business Finance
S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
NEW YORK (Reuters) - The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.
Britain's Johnston Press announces the end of the Formal Sale Process
(Reuters) - Britain's Johnston Press , the publisher of The Scotsman, The Yorkshire Post and "I", said on Friday that the Board has concluded that none of the offers the Company has received deliver sufficient value and has ended the Formal Sale Process.
Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) - Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organisation of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.
Global markets: Dollar, U.S. yields slide on Fed official rate talk
NEW YORK (Reuters) - The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.
Wall Street advances on trade optimism; Nvidia, Facebook lag
NEW YORK (Reuters) - The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.
Digital media company Technicolor explores options including sale: sources
LONDON/NEW YORK (Reuters) - Technicolor SA has been exploring options that include a full or partial sale of the French digital media company, as its set-top box business struggles because of higher prices for memory chips, people familiar with the matter said on Friday.
Federal Reserve policymakers see rate hikes ahead, note worries
(Reuters) - Federal Reserve policymakers on Friday signalled further interest rate increases ahead, but raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the Fed's rate hike cycle will soon peter out.
Tata Investment Corp's board approves shares buyback
Tata Investment Corporation on Friday said that its Board of Directors has approved a proposal to buyback 8.17 per cent of the total paid-up equity share capital of the company.
Global markets: Dollar, U.S. yields slide on Fed official's rate comments
NEW YORK (Reuters) - The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while uncertainty over Britain's exit from the European Union clouded currency and other markets.
S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq
(Reuters) - The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nvidia weighed on the Nasdaq.
Oil edges up in volatile session but headed for weekly loss
NEW YORK (Reuters) - Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organisation of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries.
US firm alleges Rs 14 cr fraud by Noida-based IT consultancy
The CEO of a US-based software company has alleged fraud to the tune of nearly Rs 14 crore by the owner of a Noida-based firm for almost a decade which was tasked to build technology support for it and providing Indian engineers, police said Friday. The Noida-based firm's owner has been accused of fraudulently hiring inexperienced developers by forging their identities, experience and even employing ghost personnel while charging the American company heavily for the services including developing software which it further sold to other clients in the US from 2006 till 2015, they said. Noida Police said they have launched probe after a complaint was made by San Francisco, California based Phill Alaph, Director and CEO of technology company Vsolay Inc. against Himanshu Khatri, who ran the IT consultancy My Mind Infotech Pvt Ltd in Sector-2 of Noida. According to the FIR lodged at the Noida Sector-20 police station on November 14, he has also accused Khatri of yielding "extremely low ...
Volkswagen to spend 44 bn euros on 'electric offensive'
German auto giant Volkswagen said Friday it will invest 44 billion euros by 2023 in the smarter, greener cars of the future as it ramps up efforts to shake off the "dieselgate" emissions cheating scandal. Over the coming five years, VW said it aims to spend "almost 44 billion euros" ($50 billion) on electric, self-driving and connected cars as well as mobility services like car sharing. The figure represents roughly a third of the group's planned expenditure between now and 2023, and the bulk of it will go on developing e-cars, VW said following a supervisory board meeting on future strategy. Volkswagen's "electric offensive" underscores just how serious the automaker is about closing the gap with Asian competitors and US tech giant Tesla who have had a head start in the e-car race. "We want to make Volkswagen the global number one in e-mobility," CEO Herbert Diess told reporters. "The time has come to take further technology and product decisions to achieve that goal." The group, ...
Regulators worry as banks step back from international money transfers
LONDON (Reuters) - Banks are increasingly stepping back from helping one another with international money transfers due to tougher money laundering checks, dealing a blow to countries that rely on remittances and potentially driving some payments underground.
Ajcon Global Services shifts registered office
With effect from 14 November 2018
Tata Consultancy Services receives Thomas Bata award for achievements in Canada
TCS was recognized for its exemplary achievements in Canada, most notably the company's stellar business growth and impressive corporate social responsibility initiatives. With Canadian roots reaching back over 27 years, TCS has developed its solid reputation by partnering with many of the country's most innovative and influential companies. TCS is also among the top ten IT service providers in Canada and the number one job creator in the sector- having added almost 1,500 net new jobs to the Canadian economy over a five-year period.
Viacom sets Netflix deal that augurs future strategy
(Reuters) - Viacom Inc on Friday announced a multi-picture deal with Netflix, and promised to make more films and TV shows for other companies, further signaling that it will not directly take on big tech rivals that stream to consumers and will instead supply them with content.
U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) - U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019.
S&P, Dow rise after Trump comments on trade
(Reuters) - The S&P 500 and the Dow gained on Friday, after U.S. President Donald Trump said that the United States may not need to impose further tariffs on Chinese imports as the world's two largest economies continue to work on an agreement to eliminate trade tensions.
Oil edges up in volatile session as it heads for weekly loss
NEW YORK (Reuters) - Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries.