Page 2119 - Business Finance
US tax cut fails to boost investment, jobs: Survey
A massive corporate tax cut passed by the US Congress last year has done little to boost investment and job creation, according to a survey.
BPCL may slide after weak Q2 result
Bharat Petroleum Corporation (BPCL) reported 48.3% fall in net profit to Rs 1218.71 crore on 34.56% rise in total income to Rs 72829.83 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 29 October 2018.
Market may resume slide
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 55 points at the opening bell on mixed Asian cues.
US plans to borrow $425 bn in Q4: Treasury
The US Treasury Department announced its plans to borrow $425 billion of privately-held net marketable debt in the fourth quarter of 2018.
Asian stocks fragile as U.S.-China trade tensions escalate
TOKYO (Reuters) - Asian shares came under pressure on Tuesday with Chinese markets and the yuan falling, hurt by fresh worries about the intensifying Sino-U.S. trade war and tracking losses in Wall Street indexes.
Fuel prices witness downward trend on Tuesday
Providing relief to the consumers, the fuel prices continued to fall on Tuesday with petrol and diesel now being sold at Rs 79.55 and Rs Rs 73.78 per litre respectively in the national capital.Compared to Monday, petrol and diesel prices witnessed a decrease of 20 and seven paise respectivly in Delhi on Tuesday.Meanwhile, in Mumbai, petrol and diesel are today being sold at Rs 85.04 (decrease by 20 paise) and Rs 77.32 (decrease by eight paise), respectively.Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the common commuter's pocket. However, the Central Government earlier this month announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre.
Asian stocks fragile as trade tensions escalate
TOKYO (Reuters) - Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the U.S.-China trade war and were on track for their biggest October decline since the 2008 financial crisis.
Oil prices fall on rising supply, global market woes
SINGAPORE (Reuters) - Oil prices fell on Tuesday, dragged down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.
Wall Street drops on trade worries, S&P nears correction
(Reuters) - U.S. stocks fell on Monday in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of U.S.-China trade tensions and a sharp drop in big tech and Internet names.
Delhi: Indo-Kazakh conference on logistics to be held tomorrow
A roundtable conference on the theme "North-South Corridor (Kazakhstan - Turkmenistan - Iran - India). Current situation and perspectives" will be held here on October 31.The event is being jointly organized by the Embassy of Kazakhstan and the Federation of Freight Forwarders Associations in India with the support of India's Ministry of Trade and Industry.The purpose of the event is to inform the Indian business community about the logistical capabilities of the eastern branch of the "North-South" transit corridor and to attract Indian business circles to the wider use of this route.The Kazakh delegation will be headed by Dias Iskakov, president of the Kazakhstan Temir Zholy Express, and officials of the Ministry of Investment and Development of Kazakhstan.The event will also be attended by representatives of India's Ministry of External Affairs, Ministry of Commerce and Industry and Ministry of Shipping and Ministry of Railways.Around 50-60 representatives of Indian businesses, ...
Airbus 2018 delivery goal questioned by analysts ahead of results
HONG KONG (Reuters) - Airbus will have to equal a record final quarter for deliveries if the European planemaker is going to meet its overall 2018 targets following a series of production setbacks.
Global stocks slide as investors remain cautious
NEW YORK (Reuters) - An early gain on Wall Street fizzled and sent global stocks lower on Monday as investors remained cautious despite IBM's $34 billion deal to purchase Red Hat Inc and Standard & Poor's decision to keep Italy's credit rating unchanged.
Oil dips as Russia signals output will stay high
NEW YORK (Reuters) - Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signalled that output will remain high and as concern over the global economy fuelled worries about demand for crude.
UK to introduce new tax for tech giants from 2020: minister
Britain will introduce a new digital services tax aimed at tech giants from 2020, finance minister Philip Hammond said on Monday, responding to public outrage over low tax payments. "It is only right that these global giants with profitable businesses in the UK pay their fair share," Hammond told parliament as he outlined the government's annual budget. Hammond said the tax would be introduced from April 2020 and would apply only to profitable businesses that generate at least 500 million pounds (562 million euros, $640 million) a year in global revenues. The tax is expected to raise 400 million pounds a year, he said, adding that more details would be revealed later while stressing that it would not be a tax on online sales. Hammond added that Britain would also continue to press for "international corporate tax reform for the digital age". He quipped that he was "looking forward" to getting a call from former deputy prime minister Nick Clegg, who was named as Facebook's new head of .
Colombia's glass half empty? Finance minister stirs investor concern
BOGOTA (Reuters) - For some, Colombian Finance Minister Alberto Carrasquilla's stark warnings of the "monumental challenges" facing government finances are a calculated gamble to push through unpopular tax reforms.
UK airlines hit out at higher levy on long-haul flights
LONDON (Reuters) - Britain's aviation industry hit out at the government on Monday over its decision to increase a tax on long-haul flights, saying it made a mockery of the government's ambition for a 'Global Britain' after it leaves the European Union.
Wall Street rally fizzles as tech, Amazon falter
(Reuters) - Declines in big tech and Internet stocks such as Amazon pushed the Nasdaq lower on Monday, while strength in financial shares mitigated declines for the S&P 500 as investors grappled with a recent spike in market volatility.
UK austerity ending, as long as Brexit deal gets done - Hammond
LONDON (Reuters) - Finance minister Philip Hammond held out the prospect of an end to Britain's long spending squeeze provided the government secures a Brexit deal with the EU, putting pressure on the divided Conservative Party to back Prime Minister Theresa May.
RBI clears re-appointment of Aditya Puri as CEO of HDFC Bank for 2 years
Private sector HDFC Bank Monday said the RBI has approved re-appointment of Aditya Puri as managing director of the bank for another two years. "Reserve Bank of India, vide its letter dated October 22, 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of the bank, from November 1, 2018 to October 26, 2020 (i.e. till the date of his attaining age of 70 years)," the bank said in a filing to stock exchanges. Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval, it said. Puri has been with the bank since 1994, making him the longest-serving head of any private bank in the country. During his tenure, Puri has led the bank through two major mergers in the Indian banking industry -- merger of Times Bank Limited and Centurion Bank of Punjab Limited with HDFC Bank.
UK austerity ending, as long as Brexit deal gets done: Hammond
LONDON (Reuters) - British finance minister Philip Hammond held out the prospect on Monday of an end to austerity provided the government secures a Brexit deal with the EU, putting pressure on rebels in the ruling Conservative Party to back Prime Minister Theresa May.