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Page 2093 - Business Finance

Oil prices rise for first time in three days, but trade war drags

TOKYO (Reuters) - Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market.

Updated On : 31 Oct 2018 | 10:35 AM IST

Market opens higher on positive global cues

Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 80.97 points or 0.24% at 33,972.10. The Nifty 50 index was up 40.10 points or 0.39% at 10,238.50.

Updated On : 31 Oct 2018 | 10:32 AM IST

Sensex drops over 200 pts, Nifty slips below 10,150

The BSE benchmark Sensex dropped over 200 points Wednesday amid rising tension between the Reserve Bank of India and the government. Investor sentiment turned weak in early session on reports that the government may invoke certain provisions to issue directions to the central bank. The BSE Sensex turned choppy after opening higher, and was trading 163.74 points, or 0.48 per cent, lower at 33,727.39. It fell as much as 237.65 points on early trade. The 30-share index had fallen 176.27 points, or 0.52 per cent, to 33,891.13 in Tuesday's session. The NSE Nifty saw similar movement, trading 62.55 points, or 0.61 per cent, down at 10,135.85. The bourse had as much dropped 79.95 points in morning session. Rumours were rife that the RBI Governor Urjit Patel might offer to resign if Section 7 of RBI Act is invoked to transfer reserves. Section 7 of the RBI Act empowers the government to consult and give instructions to the governor to act on certain issues that the government considers ...

Updated On : 31 Oct 2018 | 10:20 AM IST

Japan Nikkei rises 1.8%

ECONOMIC NEWS: The Bank of Japan kept monetary policy steady on Wednesday and slightly trimmed its inflation forecasts as global trade frictions clouded the outlook, reinforcing views the central bank is in no rush to trim its massive stimulus program. the BOJ maintained a pledge to guide short-term interest rates at minus 0.1% and long-term rates around zero% by a 7-2 vote. In the quarterly report, the central bank cut its core consumer inflation forecast for the current fiscal year ending in March 2019 to 0.9% from 1.1% three months ago.

Updated On : 31 Oct 2018 | 10:16 AM IST

Australia Market extends gain

Shares of banks and financials were firmer, led by ANZ Banking, up almost 2%, after release of better than expected earnings results today. ANZ Banking reported a 5% decline in its full-year cash profit, its first since 2016, as it prepares for customer remediation costs in the aftermath of the royal commission. Westpac and National Australia Bank were up in a range of 0.5% to 1%. Commonwealth Bank's shares gained after the bank said it has agreed to sell its Colonial First State asset management business for A$4.13 billion to Japanese bank Mitsubishi UFJ Trust and Banking Corp. QBE Insurance shares gained after the company announced a streamlining of its operations, with its Asia Pacific no longer a separate division, with effect from January 1, 2019.

Updated On : 31 Oct 2018 | 10:16 AM IST

China factory growth weakest in over two years, slump in export orders deepens

BEIJING (Reuters) - China's manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.

Updated On : 31 Oct 2018 | 10:15 AM IST

With 2.27 bn users, Facebook revenue hits $13.5 bn in Q3

Facebook reported $13.5 billion in revenue with a net income of $5.1 billion ($1.76 per share) in the third quarter that ended September 30.

Updated On : 31 Oct 2018 | 10:15 AM IST

Baidu's fourth-quarter sales forecast misses estimates as regulation, trade fears bite

(Reuters) - Chinese search engine operator Baidu Inc on Wednesday forecast lower-than-expected sales for the rest of the year, citing looming economic uncertainty and tough new regulations that have impacted its ad clients.

Updated On : 31 Oct 2018 | 10:10 AM IST

Japan's central bank holds fire, cuts inflation f'cast

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday and slightly trimmed its inflation forecasts as global trade frictions clouded the economic outlook, reinforcing views the central bank is in no rush to trim its massive stimulus.

Updated On : 31 Oct 2018 | 10:05 AM IST

Dr. Reddy's slumps as USFDA issues 8 observations

Dr. Reddy's Laboratories lost 5.61% to Rs 2,452.05 at 09:36 IST on BSE after the company received Form-483 with eight observations by the USFDA at the Vishakapatnam facility.

Updated On : 31 Oct 2018 | 10:04 AM IST

Hindustan Zinc Ltd Slides 6.15%

Hindustan Zinc Ltd has lost 6.86% over last one month compared to 6.52% fall in S&P BSE Metal index and 7% drop in the SENSEX

Updated On : 31 Oct 2018 | 10:04 AM IST

Take Solutions Ltd Surges 6.48%, S&P BSE IT Sector index Gains 1.16%

Take Solutions Ltd has lost 1.02% over last one month compared to 11.3% fall in S&P BSE IT Sector index and 6.85% drop in the SENSEX

Updated On : 31 Oct 2018 | 10:04 AM IST

Indiabulls Real Estate acquires land in Manesar

For development of integrated township and commercial building

Updated On : 31 Oct 2018 | 9:50 AM IST

NIIF II to acquire controlling interest in IDFC Infrastructure Finance

Updated On : 31 Oct 2018 | 9:50 AM IST

Oil prices climb for first time in three days, but trade war fears drag

TOKYO (Reuters) - Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market.

Updated On : 31 Oct 2018 | 9:35 AM IST