Page 2239 - Business Finance

Demand in China and India help Pernod Ricard first-quarter sales beat forecasts

PARIS (Reuters) - Spirits group Pernod Ricard posted a stronger-than-expected 10.4 percent rise in first-quarter underlying sales, helped by higher demand in China and India and despite slower growth in its main market in the United States.

JD.com spies profits in China's giant parcel delivery market

SHANGHAI (Reuters) - Chinese e-commerce firm JD.com Inc said on Thursday it was launching a parcel delivery business, a move which could help the firm leverage its network of warehouses and drivers to bolster flagging profits.

Tata Group in talks to buy stake in Jet Airways: Times of India

(Reuters) - Indian business conglomerate Tata Group has held preliminary discussions to buy a large stake in debt-laden Jet Airways (India) Ltd, the Times of India reported https://timesofindia.indiatimes.com/business/india-business/tatas-in-talks-to-pick-up-stake-in-struggling-jet/articleshow/66267478.cms on Thursday.

U.S. oil edges up after 3 percent drop on big stock build

TOKYO (Reuters) - Oil inched up on Thursday amid ongoing tensions over the death of a prominent Saudi journalist, with prices steadying after a big drop overnight due to a jump in U.S. crude stockpiles.

Dividend windfall: Santander latest target in Germany's giant fraud probe

FRANKFURT (Reuters) - Spain's Santander is the latest bank to be caught up in Germany's biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros.

Mideast ride-hailing app Careem secures $200 million new funding

DUBAI (Reuters) - Middle East ride-hailing company Careem said on Thursday it had secured $200 million in new funding from existing investors, including from Saudi Arabian billionaire Prince Alwaleed bin Talal's Kingdom Holding.

U.S. government refrains from calling China a currency manipulator

WASHINGTON (Reuters) - The U.S. government on Wednesday refrained from naming China or any other trading partner as a currency manipulator, as it leans on import tariffs to try to cut a trade deficit with China.

Singapore revises rules to counter 'shoebox apartment' problem

SINGAPORE (Reuters) - Singapore has announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called "excessive development of shoebox units" in the island-state.

Trump proposes cutting federal agencies' funds to reduce deficit

US President Donald Trump announced that he intends to reduce the American federal budget deficit by cutting financing to every government agency and department by 5 per cent.

Japan exports fall for first time since 2016 as trade war fears mount

TOKYO (Reuters) - Japan's exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-U.S. trade war.

New Zealand KFC, Pizza Hut operator gets $578 million takeover offer, shares soar

WELLINGTON (Reuters) - Restaurant Brands New Zealand Ltd, operator of KFC and Pizza Hut franchises, said it was in takeover talks with Mexico-based Finaccess Capital which made a $578 million bid for a controlling stake, sending its shares to record highs.

Dollar at one week high after hawkish Fed minutes; Asia stocks capped

TOKYO (Reuters) - Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve's latest meeting showed broad agreement among board members on the need to raise borrowing costs further.

Indian regulator asks Fortis Healthcare to recover $55 mln from founders, eight firms

MUMBAI (Reuters) - India's capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees ($55 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company.

US raises concerns over China's lack of currency transparency

Amid escalating trade tensions between the United States (US) and China, the U.S. Department of the Treasury has raised concerns over China's lack of currency transparency and the recent weakness in its currency.The Treasury Department, in the semiannual report on macroeconomic and foreign exchange policies of major trading partners of the United States, noted that while China's exchange rate practices continue to lack transparency, direct intervention by the People's Bank of China this year has been limited. However, recent depreciation of the renminbi will likely exacerbate China's large bilateral trade surplus with the United States, an official statement from the department said."The Treasury Department is working vigorously to ensure that our trading partners dismantle unfair barriers that stand in the way of free, fair, and reciprocal trade. Of particular concern are China's lack of currency transparency and the recent weakness in its currency. These pose major challenges to ...

Trump proposes 5% cut on federal agencies' budget to tame deficit

President Donald Trump has called for reducing the US federal budget deficit by cutting financing to government agencies and departments by 5 per cent.

Trump turns attention to budget cutting after slashing taxes

WASHINGTON (Reuters) - U.S. President Donald Trump, faced with a budget deficit at a six-year high, on Wednesday told his Cabinet to come up with proposals to cut spending by their agencies by 5 percent, but he suggested the military would be largely spared.

Factbox - Tesla executive departures since 2016

(Reuters) - Electric carmaker Tesla Inc has seen a flurry of senior executives leave the company in recent months.

Ebara exhibits water solution technology in Singapore

Singapore is known as one of the most vibrant cities for business in the world. And in many corners of the city, contributions for water supply infrastructure from Japan can be seen.Ebara Engineering Singapore is a wholly-owned subsidiary of Ebara Corporation Japan and operates under the Fluid Machinery Division and Precision Machinery Division of Ebara Corporation.This division supplies centrifugal pumps, which highly contributes to many activities in Singapore.Stephanie Slow of Ebara Engineering Singapore said, "Ebara Engineering Singapore is able to supply Standard Pumps ranging from submersibles to many surface pumps. Ebara surface pumps can support in many areas namely the building services, HVAC infrastructure, municipal sectors and to other general industries. Ebara has a good reputation for supplying quality and reliable products among consultants and customers."In this housing estate, Ebara Pressure System is installed to boost pressure in the water supply distribution ...

ACC July-Sep quarter consolidated net profit up 15%

Cement and ready mix concrete manufacturer ACC on Wednesday reported a rise of 15 per cent in its consolidated net profit for the quarter ended September 2018.

U.S. data drags oil lower; dollar up after Fed minutes

NEW YORK (Reuters) - Oil prices fell on Wednesday after U.S. crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policy makers largely united on the need to raise borrowing costs further.