Page 2265 - Business Finance

Crude oil futures up 0.64 pc on Asian cues

Crude oil rose 0.64 per cent to Rs 5,307 per barrel in futures market on Tuesday as speculators created fresh bets, taking positive cues from Asian markets. Crude for delivery in October was trading higher by Rs 34, or 0.64 per cent, at Rs 5,307 per barrel in futures trade at the Multi Commodity Exchange in a business turnover of 734 lots. Crude to be delivered in November contracts also traded higher by Rs 33, or 0.63 per cent at Rs 5,316 per barel in 96 lots. Analysts said, speculators built fresh positions after oil prices rose in Asia, giving lift to crude oil prices in futures trade here. Meanwhile, West Texas Intermediate gained 0.11 per cent to USD 71.86, while Brent crude traded 0.35 per cent higher at USD 81.05 per barrel.

Google joins many in shunning Saudi summit after Khashoggi's fate

US internet giant Google Inc. has said its Cloud CEO Diane Greene will not attend an upcoming international business conference to be held in Saudi Arabia.

Mid-year Year Assessment Shows Exports Growing In Healthy Manner

Mid-year assessment of the first six months of this financial year shows that exports are growing in a healthy manner to build on the export growth seen in 2016-17 and 2017-18. In the first six months (April-September 2018), merchandise exports exhibited a positive growth of 19.93 per cent in Rupee terms and 12.54 per cent in US$ terms over same period last year.

Italy approves deficit-hiking budget, awaits EU's verdict

ROME (Reuters) - The Italian cabinet on Monday signed off on an expansionary 2019 budget, boosting welfare spending, cutting the retirement age and hiking the deficit to set up a showdown with authorities in Brussels over compliance with EU rules.

ECB still set to turn off QE taps despite cocktail of risks: Reuters poll

BENGALURU (Reuters) - The European Central Bank will end its bond-buying programme in less than three months, with a low likelihood of an extension despite a cocktail of political and trade concerns, economists unanimously said in a Reuters poll.

Bankruptcy judge approves financing to keep Sears open

(Reuters) - A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S. shopping malls a chance to remain in business.

Trade war cost: China's Q3 GDP growth seen hitting lowest since 2009 - Reuters poll

BEIJING (Reuters) - At week's end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China's third-quarter growth will slow to its weakest pace since the global financial crisis.

Global steel body hikes demand forecasts, but says risks remain

TOKYO (Reuters) - The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector.

Total CEO sees lower demand, higher supply of crude in 2019

NEW DELHI (Reuters) - Demand for crude oil will be lower in 2019 and supply higher, the chief executive of French oil and gas group Total said on Tuesday.

Sensex reclaims 35K-mark; rises over 200 pts on earnings optimism

The benchmark BSE Sensex gained almost 219 points to reclaim the 35,000-mark in early trade Tuesday as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues. Moreover, continuous buying by domestic financial institutions also supported the trading sentiment. Rising for the third straight session, the 30-share index gathered 218.81 points, or 0.63 per cent, to 35,083.91 with all the sectoral indices led by auto, realty, consumer durables, capital goods and bankex trading higher by up to 1.15 per cent. The gauge had rallied 864 points in the previous two sessions. The NSE index Nifty too climbed 60.70 points, or 0.58 per cent, to trade at 10,573.20. Brokers said increased buying by investors ahead of quarterly earnings from Infosys and a few other bluechip companies later in the day and a firming trend at other Asian bourses after a week of heavy losses, buoyed trading sentiment here. Major gainers were Asian Paint, IndusInd .

Sensex opens 140 points up, Nifty at 11,550

The 30-scrip S&P BSE Sensex on Tuesday opened in the positive territory tracking similar cues from its Asian peers.

No respite for common man from surging fuel prices

Citizens are yet to receive any respite from skyrocketing fuel prices, as the retail rates of petrol and diesel have once again witnessed a hike on Tuesday.In Delhi, petrol is being sold at Rs 82.83 per litre after an increase of 11 paise, while diesel rates have escalated to Rs 75.69 per litre after a hike of 23 paise.Petrol prices in Mumbai are inching closer to the Rs 90 per litre mark, as petrol is retailing 11 paise higher at Rs. 88.29 per litre. The price of diesel, on the other hand, has been revised by 24 paise to retail at Rs 79.35.Fuel prices have been soaring since the past few months in the country, causing many problems for commuters.While the Opposition has repeatedly blamed the Centre for the steep hike in the fuel price, the latter has maintained that global crude oil prices and other international factors are responsible for the increase in prices of petroleum products.In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had ...

Global Markets: Asia stocks edge up but Saudi tensions limit gains

TOKYO (Reuters) - Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although increasing tensions between Saudi Arabia and the West have fanned geopolitical concerns and capped gains.

Google latest to withdraw from Saudi conference over Jamal Khashoggi case

Pressure has mounted on Saudi Arabia since prominent Saudi journalist Jamal Khashoggi, a US resident, Washington Post columnist and critic of Saudi policies, went missing

Hero MotoCorp, Infosys in focus ahead of earnings

Hero MotoCorp and Infosys will announce Q2 results today, 16 October 2018.

Market may extend gains on positive Asian signals

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19.50 points at the opening bell on positive Asian cues.

Global Markets: West-Saudi tensions lift safe havens; stocks slip

NEW YORK (Reuters) - Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over economic growth, with investors flocking to traditional safe havens like the Japanese and Swiss currencies, as well as gold.

China's cooling factory-gate inflation signals waning demand

BEIJING (Reuters) - China's factory-gate inflation cooled for a third straight month in September amid ebbing domestic demand, pointing to more pressure on the world's second biggest economy as it remains locked in an intensifying trade war with the United States.

Oil steadies as Saudi tensions balance demand outlook

NEW YORK (Reuters) - Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook.

Global Markets: Asia stocks bounce modestly but Saudi tensions limit gains

TOKYO (Reuters) - Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains.