Page 2240 - Business Finance
Wall St. falls as investors eye a united hawkish Fed
NEW YORK (Reuters) - Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.
Shell sells Danish upstream assets to Norwegian Energy in $1.9 billion deal
OSLO (Reuters) - Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.
Wall Street slips after minutes show Fed united on rate hikes
NEW YORK (Reuters) - Wall Street's major indexes slipped on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.
U.S. crude slumps below $70/bbl after large stock build
NEW YORK (Reuters) - Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 million barrels, almost triple what analysts had forecast, while exports dropped.
Despite Trump criticism, Fed sees need for more rate hikes
(Reuters) - Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite U.S. President Donald Trump's view that interest rate hikes have already gone too far.
Reliance Industries posts net profit of Rs 9516cr in Q2
Reliance Industries (RIL) posted a consolidated net profit of Rs 9516 crore in the second quarter of the current fiscal compared to Rs 8109 crore in the corresponding quarter last fiscal, thus registering a year-on-year growth of 17.4 per cent.Furthermore, the Mukesh Ambani-led conglomerate recorded quarterly consolidated revenue of Rs. 1,56,291 crore in the second quarter compared to Rs. 101,169 crore in the same period last year, thus reporting a hike of 54.5 per cent year-on-year.The company, in an official statement released on Wednesday, said the increase in revenue was primarily on account of higher price realisations of petrochemical and refinery products, led by a 44.5 per cent increase in Brent crude price. Increased revenues also reflected higher volumes with the commissioning and ramp-up of new petrochemical facilities, it added.Exports (including deemed exports) from RIL's India operations were higher by 45.5 per cent at Rs. 60,460 crore as against Rs. 41,560 crore in the .
edges lower as dollar gains after hawkish Fed minutes
(Reuters) - Gold prices edged lower on Wednesday as the U.S. dollar strengthened after minutes from the Federal Reserve's September meeting cemented expectations for more interest rate hikes by the U.S. central bank.
Gold edges lower as dollar gains after hawkish Fed minutes
(Reuters) - Gold prices edged lower on Wednesday as the U.S. dollar strengthened after minutes from the Federal Reserve's September meeting cemented expectations for more interest rate hikes by the U.S. central bank.
Germany's Voith to supply more turbines for Ethiopia's Renaissance Dam
ADDIS ABABA (Reuters) - German mechanical engineering conglomerate Voith [VOITH.UL] has signed an agreement to supply turbines for a $4 billion dam Ethiopia is building along the River Nile, state-affiliated media said on Wednesday.
Wall St. indexes choppy after minutes showed united Fed
NEW YORK (Reuters) - Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. President Donald Trump over interest rate hikes.
Despite Trump criticism, Fed policymakers see need for more rate hikes
(Reuters) - Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting.
First national meet to promote investment in AYUSH to be held in Nov: Minister
To encourage various public sector undertakings and private firms to invest in AYUSH, the Centre will organise an all-India meet here on November 4, Union Minister Shripad Yesso Naik said Wednesday. The "First National Summit on Invest in AYUSH" is to be held at Ambedkar International Centre jointly by NITI Aayog and Department of Industrial Policy and Promotion, he said. Union Minister of State (Independent Charge) for AYUSH Naik chaired Tuesday a preparatory meeting for the summit. On the occasion, Naik said his ministry has taken many new initiatives to increase the market size of AYUSH and is workingin close cooperation with the industry chambers like FICCI, CII, PHD Chambers and ASSOCHAM to achieve the goal. He said the Ministry of AYUSH has also signed an MoU with the Ministry of Micro, Small and Medium Enterprises to develop entrepreneurs in AYUSH sector and to strengthen the existing sectoral players, including the manufacturers of AYUSH drugs, cosmetics and food ...
UK PM May to brief 150 CEOs on Brexit negotiations on Friday - FT
(Reuters) - British Prime Minister Theresa May is to give a Brexit briefing to 150 chief executives on Friday, the Financial Times reported on Wednesday.
RBI reaffirms decision on tenure of Yes Bank's Rana Kapoor
The Reserve Bank of India (RBI) has reaffirmed that a successor to YES BANK's MD and CEO Rana Kapoor should be appointed by February 1, 2019.
SEBI asks Fortis Healthcare to recover $55 million from founders, eight firms
MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) 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.
Cyient's QoQ net up by 54 percent
Engineering services company Cyient on Wednesday announced that its net profit has registered 54 per cent sequential growth during the second quarter ended September.
SEBI asks Fortis Healthcare to recover $55 million from founders, 8 firms
MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) 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.
Every Fed policymaker was on board for Sept rate hike - minutes
WASHINGTON, Oct 17 (Reuters) - Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday.
America Movil expects to boost returns to shareholders
MEXICO CITY (Reuters) - Mexican telecommunications company America Movil expects to increase its returns to shareholders when it meets its target for leverage, the company said on Wednesday, as shares fell after the company's performance fell short of analysts' estimates.
RIL Q2 net up 17% at Rs 9,516 cr; petchem, telecom do well
Reliance Industries (RIL) on Wednesday reported a 17.3 per cent jump in net profit at Rs 9,516 crore for the second quarter ending September on the back of robust performance in its petrochemicals and telecom businesses.