Page 2281 - Business Finance
Oil steadies, settling up slightly after volatile session
NEW YORK (Reuters) - Crude futures steadied late in the session on Friday, following the stock market slightly higher after earlier swinging lower on a weakening oil demand outlook.
Graphic - Most S&P 500 stocks are deep in correction territory
SAN FRANCISCO (Reuters) - As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500's components in correction territory, or worse.
Global stocks rebound but remain on track for weekly loss
NEW YORK (Reuters) - Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.
Wall St. rebounds with technology stocks back in favour
NEW YORK (Reuters) - Wall Street indexes rose on Friday after a week of blistering losses as investors returned to technology and other growth sectors, but gains were hampered by ongoing worries about U.S.-China trade tensions and rising interest rates.
Oil turns lower as weaker demand outlook weighs
NEW YORK (Reuters) - Brent crude futures gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, while U.S. crude steadied as equities rebounded.
G-20 must act to minimize spillover effects of global risks: India
G-20 nations should take coordinated action to ensure that the negative spillover effects of global risks on emerging economies are minimized, Economic Affairs Secretary Subhash Chandra Garg said on Friday.
Base effect, fuel prices dent September passenger vehicles' sales
Unfavourable base effect, along with high fuel and interest costs dented the sales of domestic passenger vehicles in September 2018, data showed on Friday.
Gold prices fall as dollar gains, stocks rebound
BENGALURU (Reuters) - Gold prices eased on Friday, the session after their biggest daily gain in more than two years, coming under pressure as the U.S. dollar climbed and global stocks rebounded from a six-day rout.
NSE launches commodity derivatives segment
National Stock Exchange of India (NSE) on Friday launched commodity derivatives segment on its platform.
ArcelorMittal signs pact to sell 4 European steel plants to Liberty House
Steel and mining major ArcelorMittal Friday said it has entered into a pact to sell four of its European steel plants to Liberty House. The four assets are part of a divestment package that ArcelorMittal agreed with the European Commission (EU) related to its acquisition of Ilva SpA (Ilva), it said. In a statement ArcelorMittal said it "has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal Piombino (Italy)." The closing of the pact is subject to the completion of the company's acquisition of Ilva. ArcelorMittal further said negotiations were ongoing with parties regarding the sale of other assets - ArcelorMittal Dudelange in Luxembourg, and several finishing lines in Liege, Belgium. Meanwhile, Liberty House, part of Sanjeev Gupta's global GFG Alliance, also announced a conditional agreement to buy four European steel plants of ArcelorMit
Britain's recovering RBS delivers first dividend in a decade
LONDON (Reuters) - Royal Bank of Scotland paid its first dividend since a 2008 British government bailout on Friday, rewarding around 190,000 shareholders with a 2 pence per share payout.
Amazon says India customer base surges during festive sale
MUMBAI (Reuters) - U.S. online giant Amazon said its festive season sale in India had got off to a strong start, with three times the number of people signing up to shop in the first two days compared to last year.
India's forex reserves down over $915 mn
India's foreign exchange (forex) reserves declined $915.8 million during the week ended October 5, official data showed on Friday.
Delhi government launches drive against GST defaulters
In order to ensure compliance of Goods and Services Tax (GST) provisions, the Delhi government on Friday launched an extensive drive against tax and return defaulters with an aim to increase revenue for the national capital.
Wall Street supported by tech bounce after two-day slump
(Reuters) - Wall Street rose on Friday after a bounce in technology and other high-growth stocks led a fight back from its worst two-day slide in eight months, while early gains from strong earnings of the biggest U.S. lenders faded.
With risky bets back in play, stock selloff revives 'Volmageddon' memories
NEW YORK (Reuters) - Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.
Sovereign Gold Bond rate fixed at Rs 3,146 per gram
The Central government will issue Sovereign Gold Bonds (SGB) 2018-19 for public subscription from October 15-19 at an issue price of Rs 3,146 per gram of gold.
AC Milan's FY loss widens to 126 million euros
MILAN (Reuters) - Serie A football club AC Milan's net loss widened by 53 million euros in the 2017-2018 financial year to 126 million euros ($146 million), the group's financial statements seen by Reuters showed.
Exclusive: Sears aims to close up to 150 stores in bankruptcy - sources
(Reuters) - Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.
Bandhan Bank receives exemption from Sebi
Bandhan Bank on Friday said it has received an exemption from the Securities and Exchange Board of India (Sebi) with respect to lock-in of one year on the equity shares held by the promoter and eligibility condition of one year from listing in order to comply with licensing condition.