Page 2280 - Business Finance
IL&FS Engineering & Construction Co update on nominee director
The matter with respect to appointment of Rajan will be placed in the next Meeting of the Board of Directors of the Company for its approval
China views yuan depreciation not in its interest: Mnuchin
NUSA DUA, Indonesia (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China's yuan currency was not in the country's interest.
GSS Infotech acquires Nexii Labs Inc, USA
On 12 October 2018
Outcome of board meeting of Crimson Metal Engineering Company
Held on 11 October 2018
Biopac India Corporation reports standalone net loss of Rs 7.77 crore in the September 2018 quarter
Sales decline 62.39% to Rs 4.60 crore
PCB, RFID maker Syrma Technology to expand capacitY
Global electronic manufacturers are now looking at India for sourcing products/components owing to the trade war between the US and China and we are putting up a new production lines here to cater to the increased orders, said a top official of Syrma Technology.
Fuel price continues to soar
Fuel prices continued to haunt public as it touched new highs on Saturday.Petrol rates have been increased by 18 paise per litre, taking its price to Rs 82.66 per litre in Delhi while a litre of diesel is retailing at Rs 75.19 with a hike of 29 paise on Saturday.Skyrocketing prices of fuel are also continuing to burn holes in the pockets of common man in Mumbai, where petrol is retailing at Rs 88.12 per litre (increased by Rs 0.18) and diesel at Rs 78.82 per litre (increased by Rs 0.31).Fuel prices have been witnessing a steep rise since the past few months. While the Opposition has repeatedly blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.On October 4, the union government had announced a cut 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. While ...
Trump says US has taken toughest-ever action on China's unfair trade practices
US President Donald Trump has said that his administration has taken the "toughest-ever action" to crack down on China's unfair trade practices. Trump has been steadily hiking tariffs on Chinese exports to the US since June, asking Beijing to bring down the billions of dollars of trade deficit. He has taken an unprecedented tough measure against the alleged unfair trade practices of China. The US has a nearly USD 500 billion trade deficit with China per annum, which Trump says is unsustainable for the US. "We have taken the toughest-ever action to crack down on China's unfair trade actions and trade abuses," Trump told his cheering supporters at an election rally in Ohio on Friday. Among the steps being taken by the US include imposing additional 25 per cent tariff on import of Chinese products worth USD 250 billion, announcing new curbs of nuclear technology trade with China and taking steps to stop China from allegedly stealing intellectual property from the US. Trump patted on his .
Media sponsors pull out of Saudi conference over journalist disappearance
Most of the news outlets that had agreed to sponsor a high-profile business conference in Saudi Arabia have now pulled out following the unexplained disappearance of journalist Jamal Khashoggi.
China's central bank says market to play decisive role in yuan exchange rate
NUSA DUA, Indonesia (Reuters) - China's central bank governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating trade war with the United States.
Broadcom gets EU antitrust nod for CA Technologies deal
(Reuters) - Chipmaker Broadcom Inc said on Friday it has obtained antitrust clearance from the European Union for its $19-billion deal to acquire software company CA Technologies Inc.
U.S.'s Mnuchin to attend top Saudi event, media exit over missing journalist
DUBAI/LONDON (Reuters) - U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist.
U.S. banks profit from higher rates, more loans and lower costs
NEW YORK (Reuters) - Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue.
Empty shelves, poor customer service speed Sears' decline
(Reuters) - Sandy Hetrick drove 15 miles from her home to a Sears in Media, Pennsylvania on Wednesday to buy folding chairs and clothes.
JPMorgan's consumer banking strength offsets bond trading weakness
(Reuters) - JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and growth in loans helped the bank offset weakness in bond trading revenue.
Global stocks rebound but S&P 500 posts biggest weekly loss since March
NEW YORK (Reuters) - Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains.
Graphic - U.S. banks enjoy benefits of a growing economy, lower taxes
(Reuters) - The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
Wall Street rebounds with technology stocks leading the way
NEW YORK (Reuters) - The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season.
Wall Street Week Ahead - New communication sector's shine could soon wear off
NEW YORK (Reuters) - The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index as its highest fliers face regulatory threats and challenges to user growth.
Wall St. rebounds from sell-off as tech soars
NEW YORK (Reuters) - Wall Street indexes snapped a losing streak on Friday and technology stocks came roaring back after a week of blistering losses as investors looked for bargains ahead of earnings season even as worries about U.S.-China trade tensions lingered.