Page 1995 - Business Finance
Euro zone asks Italy to change budget, Rome digs in heels
BRUSSELS (Reuters) - Euro zone finance ministers called on Italy on Monday to change its 2019 budget before a deadline set for next week to conform with European Union rules, but Rome dug in its heels saying its disputed deficit plan would not change.
Third-quarter U.S. profit growth on track to be highest since 2010
NEW YORK (Reuters) - U.S. earnings growth for S&P 500 companies in the third quarter is on track to be the highest since 2010, eclipsing the strong results from earlier this year, according to IBES data from Refinitiv.
Oil mixed as U.S. imposes sanctions on Iran, Tehran defiant
NEW YORK (Reuters) - Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic.
Wall Street boosted by energy, defensive sectors, tech falls
NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial Average rose on Monday, as oil prices lifted energy stocks and defensive sectors such as utilities and real estate were in demand as investors were cautious about Iran sanctions and U.S. congressional elections.
Ferrari results hit as sales mix favours 'entry-level' cars
MILAN (Reuters) - Ferrari's sales mix leaned towards its "entry-level" Portofino supercar in the third quarter rather than its high-margin limited-edition models, weighing on the Italian company's earnings and pushing its shares lower on Monday.
Gold holds tight range as investors await U.S. elections
BENGALURU (Reuters) - Gold inched lower on Monday as investors took some profits following a recent rally, but the metal traded within a narrow range as caution set in ahead of the U.S. congressional elections.
Oil up as U.S. imposes sanctions on Iran, Tehran defiant
NEW YORK (Reuters) - Oil prices rose on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic.
Citigroup names new chairman, keeps post separate from CEO
NEW YORK (Reuters) - The board of Citigroup Inc on Monday named one its independent members to be its new chairman, keeping the post separate from Chief Executive Mike Corbat.
Lloyds to axe 6,000 jobs, create 8,000 new roles - Sky News
(Reuters) - Lloyds Banking Group Plc will cut around 6,000 jobs, while adding 8,000 new roles as part of a planned 3 billion pound investment, Sky News reported https://news.sky.com/story/lloyds-to-create-2000-jobs-in-drive-to-digitise-banking-giant-11545673 on Monday.
US stocks open mixed ahead of midterm election
US stocks opened mixed on Monday as investors got ready for the upcoming midterm elections.
Oil stocks lift S&P 500; Apple pushes Nasdaq lower
(Reuters) - The S&P 500 and the Dow Jones Industrial Average rose on Monday, as oil prices lifted energy stocks and defensive sectors such as real estate and utilities gained, but a drop in Apple's shares dragged down the Nasdaq.
Bosch net up 19 per cent in second quarter
German automotive major Bosch on Monday reported Rs 420-crore standalone net profit for the second quarter of fiscal 2018-19, registering 19 per cent annual growth from Rs 353 crore in the same period a year ago.
Arunachal signs MoU with ESG to promote International Tribal Film Festival
The Arunachal Pradesh government on Monday signed a Memorandum of Understanding with Entertainment Society of Goa (ESG) to organize an 'International Tribal Film Festival' in this frontier state.
CPCB issues notices to oil firms for not installing anti-pollution device at fuel pumps
The Central Pollution Control Board Monday sought explanations from various oil companies for their failure in installing "vapour recovery" systems at fuel stations. Vapour recovery device is an instrument to capture displaced vapours that emerge from inside a vehicle's fuel tank while filling petrol or diesel in it. The CBCB issued notices to oil firms, seeking their explanation within 24 hours. In separate notices issued to Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited, CPCB Chairperson S P S Parihar said the pollution regulator's teams found that the vapour recovery systems were either not installed or not functioning at the fuel stations. The teams have been deployed in the Delhi NCR to check the implementation of measures for combating pollution. The CPCB sought the oil firms' replies within 24 hours "failing which, action as deemed necessary under the Environment Protection Act, shall be initiated".
Tata Steel eyes 30 mt capacity in India by 2025
Tata Steel is targeting a capacity of around 30 million tonne in India by 2025 from its present capacity of 18.5 million tonnes, an official said on Monday.
Delhi metro to be functional till 10pm on Diwali
Delhi Metro Rail Corporation Limited on Monday released a statement in which they informed that Delhi Metro will be functional till 10pm on the occasion of Diwali .The last Metro train in all the lines on November 7, will run at 10pm instead of 11pm.Same schedule was followed in 2017 as well on Diwali.
Oil stocks, Berkshire lift S&P 500; Apple pushes Nasdaq lower
(Reuters) - The S&P 500 and the Dow Jones Industrial Average rose on Monday, supported by gains in energy stocks and strong results from Berkshire Hathaway Inc, while the Nasdaq was dragged down by a 3 percent drop in Apple Inc shares.
Fortis Healthcare's Q2 net loss widens to Rs 142 cr
Fortis Healthcare on Monday reported a larger net loss during the quarter ended September due to impairment of "goodwill and investments".
GoAir offers up to 13 lakh seats starting at Rs 1,313
Budget carrier GoAir on Monday announced a 13-day special sale across all sectors, offering up to 13 lakh seats with ticket prices starting as low as Rs 1,313 (all-inclusive).
U.S. snaps back Iran sanctions, grants oil waivers to India, seven others
WASHINGTON/SEOUL (Reuters) - The United States snapped sanctions back in place on Monday to choke off Iran's oil and shipping industry, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.