Page 1830 - Business Finance
Wall Street Week Ahead: Investors eye holiday sales for market salve
NEW YORK (Reuters) - Investors will get a glimpse of consumer health next week as the holiday shopping season gets under way with Black Friday sales, and a solid start could help equities steady after several tumultuous weeks.
Emerging markets: Cheap, but not cheap enough yet
LONDON (Reuters) - After taking a beating from a strong dollar this year, emerging markets are looking pretty cheap, and at some point in 2019 the sector will be back in favour, top money managers told Reuters this week.
Student delinquencies up as U.S. household debt hits another record
NEW YORK (Reuters) - The total debt shouldered by Americans has hit another record high, rising to $13.5 trillion in the last quarter, while an unusual jump in student-loan delinquencies could provide another signal that the U.S. economic expansion is growing old.
Gold jumps as dollar slides; palladium hits record
BENGALURU (Reuters) - Gold rose as much as 1 percent on Friday as the dollar fell after U.S. Federal Reserve officials made cautions comments that fed doubt about the outlook for interest rate hikes, while palladium hit a record high driven by worries about short supplies.
S&P 500 edges lower on chip, retail weakness
(Reuters) - The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom.
GE Capital sells $1.5 billion healthcare equipment portfolio to TIAA
(Reuters) - General Electric Co said on Friday its lending arm has sold a $1.5 billion healthcare equipment finance portfolio to U.S. lender TIAA Bank for an undisclosed sum.
Oil gains as OPEC mulls cuts; set for weekly drop on oversupply fears
NEW YORK (Reuters) - Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied.
Mahindra to increase price of 'Marazzo' from January
Mahindra & Mahindra on Friday announced that from January 1, 2019, it will increase the price of its multi-purpose vehicle (MPV) "Marazzo" by Rs 30,000 to Rs 40,000.
Govt for greater involvement in decision making of RBI
The government wants greater involvement in the RBI's decision making as it feels the current practice leaves it out on many critical issues like single-day default turning a loan into an NPA, sources said ahead of the crucial board meeting of the central bank. The government feels that as the representative of the people, it should be involved in critical policy decisions made by the Reserve Bank of India (RBI), they added. To buttress its point, sources said the government cites that quorum for some of the sub-committees is completed by the presence of the governor and four deputy governors and not requiring any other directors to be present. However, the central board of the RBI is headed by the governor and includes two government nominee directors and 11 independent directors. Currently, the central board has 18 members, with the provision of it going up to 21. The board is scheduled to meet on Monday where the government is expected to push for easing of norms for lending to the
Oil and Bitcoin highlight growing risk of market crash: BAML
The risk of a "flash crash" in markets is rising, strategists at Bank of America Merrill Lynch said on Friday, after a week in which previously-booming cryptocurrency Bitcoin tumbled, oil sank, and investors piled into stocks perceived as safer.
Visa takes minority stake in Indian payment gateway BillDesk
(Reuters) - Payments processor Visa Inc said on Friday it is taking a minority stake in Indian payment gateway BillDesk, as it seeks to grab a bigger slice of one of the fastest growing digital payments markets in the world.
Global Markets: Dollar, U.S. yields fall on Fed comments; Brexit casts shadow
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 are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets.
Corrected: GE Capital to sell $1.5 bln portfolio of healthcare equipment financing
(Reuters) - General Electric Co's finance arm GE Capital said it is selling a $1.5 billion portfolio of its healthcare equipment finance business to U.S. regional lender TIAA Bank.
Delhi airport: Air fares shoot up by 86 pc on runway closure
The partial runway closure and subsequent cancellation of flights at the Delhi airport have led to a sharp rise in last-minute average fares with rates on some key sectors shooting up to 86 per cent amid high weekend travel demand, industry experts claimed Friday. Delhi International Airport Ltd (DIAL), the private aerodrome operator, had early last month announced closure of one of the three runways for "preventive repairs" for 13 days, starting November 15. It also told the airlines to tweak their flight schedule accordingly. On Friday evening, several travel portals showed a sharp rise in spot airfares. There was an increase in fares from Delhi to Mumbai, Bengaluru, Hyderabad, Kolkata, Chennai and other destinations for the next one week, especially (November 16-19). While the fare for a Delhi-Bengaluru flight on normal days stand around Rs 11,044, for travel on Saturday (November 17), it stood at Rs 13,702 on average, according to the data by travel portal Ixigo. One
FIIs to stage a strong comeback, says Assocham
The Associated Chambers of Commerce and Industry of India (Assocham) on Friday said it expects foreign institutional investors (FIIs) to "stage a strong comeback" owing to the strengthening rupee, low inflation along with weakening oil prices.
Container logistics operation at Cochin Port gets a leg-up
: The digital container tracking solution of DMICDC Logistics Data Services (DLDS) Friday brought within its ambit Cochin Port to streamline its container logistics operations. Logistics Data Bank (LDB), the single window tracking solution that has improved operations in container logistics, launched its service at the ports of Chennai, Visakhapatnam and Krishnapatnam on November 1, a press release said here. With the inclusion of Cochin Port, the ICT-based service of LDB has become operational across seven ports, the release said. "The launch of operations of LDB at the Cochin Port, one of the largest in the country, is going to create visibility and transparency in the way operations happen. All the stakeholders in the supply chain operations will benefit with such an initiative," the release quoted chief executive officer and managing director of Delhi Mumbai Industrial Corridor Development Corporation Alkesh Sharma as saying. LDB, which currently handles 70 per cent .
Gold gains 1 percent as dollar slides; palladium hits record
BENGALURU (Reuters) - Gold rose 1 percent on Friday as the dollar fell after dovish comments from U.S. Federal Reserve officials raised doubts over the central bank's interest rate trajectory, while palladium hit a record high driven by concerns of a prevailing deficit.
Infosys completes JV formation with Temasek
Infosys Friday said it has completed the formation of its joint venture with Temasek that will provide the Singapore-based company and its other clients with solutions in advanced technologies, including cloud, data analytics and artificial intelligence. "Through this joint venture, Infosys will be a partner to Temasek in its digital transformation journey and further strengthen its footprint in South East Asia," Infosys said in a regulatory filing. The joint venture will provide Temasek and its other clients with solutions in advanced technologies like cloud, data and analytics, cybersecurity, digital experiences and AI, it added. "Additionally, employees of this joint venture will be able to access Infosys' world class education and training capabilities, to advance their technological skills," the filing said. In September, Infosys had announced the formation of the JV to support Temasek's digital transformation journey. The company's subsidiary Infosys Consulting holds 60 per cent
India's Forex reserves decline $121.2 mn
India's foreign exchange (forex) reserves declined by $121.2 million during the week ended November 9, official data showed on Friday.
The egos disbanded? Bridging the great advertising divide
BARCELONA (Reuters) - Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together.