Page 2292 - Business Finance
Focus: Cokes, smokes and clicks - How Oxxo corner stores are cashing in on Mexican e-commerce
MEXICO CITY (Reuters) - Stroll the aisles of any Oxxo in Mexico and you will find the staples of convenience store sustenance: beer, cigarettes, enough candy to keep dentists at full employment.
IMF: too many euro zone countries not using good times to cut debt
NUSA DUA, Indonesia (Reuters) - Too many euro zone countries are missing the opportunity to reduce debt now, when economic growth is good, to prepare for the next economic downturn, the head of the International Monetary Fund's European department Poul Thomsen said.
Silver futures fall on profit-booking; weak global cues
Silver futures traded lower by 0.13 per cent to Rs 38,840 per kg in futures trade Friday after participants reduced their holdings to book profits amid weak global cues. At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 49 or 0.13 per cent to Rs 38,840 per kg in a business turnover of 225 lots. Also, the contract for delivery in November shed Rs 48 or 0.12 per cent to Rs 38,869 per kg in a business volume of 372 lots. In the international market, silver was trading 0.07 per cent down at USD 14.65 an ounce in Singapore. The fall in silver prices at futures trade was mostly due to offloading of bets by participants in line with a weak trend in the precious metals overseas, analysts said.
Rise in demand lifts refined soya oil futures by 0.25 pc
Amid pick-up in domestic demand at the spot market and restricted supplies from producing regions, refined soya oil prices went up by 0.25 per cent to Rs 755.90 per 10 kg in futures trade Friday as participants built up fresh positions. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in November month rose by Rs 1.90, or 0.25 per cent, to Rs 755.90 per 10 kg with an open interest of 35,530 lots. Similarly, the oil for delivery in December traded higher by Rs 1.70, or 0.22 per cent, to Rs 762.50 per 10 kg in 10,390 lots. Analysts said fresh positions created by traders following pick-up in demand in the physical market against restricted supplies from growing regions led to an upward trend in refined soya oil prices in futures trade.
Oil jumps 1 pct after 2-day fall, still set for weekly fall
TOKYO (Reuters) - Crude prices jumped 1 percent on Friday, rebounding after two days of heavy declines with support from robust Chinese crude imports, but oil was still headed for its first weekly decline in five weeks.
Mentha oil futures extend weakness on muted demand
Continuing its slide, mentha oil prices fell further by 1.25 per cent in futures trade Friday as speculators reduced their holdings amid low demand from industries at the spot market. Moreover, ample stocks position on persistent supplies from growing regions too weighed on mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery in November month traded lower by Rs 22, or 1.25 per cent, to Rs 1,732.90 per kg, in a business turnover of 440 lots. Marketmen attributed continuous fall in mentha oil prices at futures trade to reducing of holdings by participants, tracking subdued demand at the spot markets.
Jeera futures recover 1.64 pc on rise in demand
Jeera prices recovered by 1.64 per cent to Rs 19,805 per quintal in futures trade Friday as speculators created fresh positions, driven by pick-up in demand from stockists and overseas enquiries. Tight stocks position following restricted arrivals from the growing regions fuelled the uptrend. At the National Commodity and Derivatives Exchange, jeera for delivery in November rose by Rs 320, or 1.64 per cent, to Rs 19,805 per quintal with an open interest of 5,952 lots. Traders said speculative positions built up by participants amid rising domestic as well as export demand led to the rise in jeera futures.
Volumes spurt at 8K Miles Software Services Ltd counter
8K Miles Software Services Ltd notched up volume of 1.06 lakh shares by 10:48 IST on BSE, a 22.6 fold spurt over two-week average daily volume of 4673 shares
China September exports surge, creating record surplus with U.S. despite tariffs
BEIJING (Reuters) - China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington.
Apple inks $600 mn pact with Dialog Semiconductor
In line with its efforts to build faster chips, Apple has committed $600 million to buy a part of Dialog Semiconductor and also purchase products from the remaining part of the chipmaker which is headquartered near London.
Shares hit fresh intraday high
Key equity indices extended early gains and hit fresh intraday high in morning trade. At 10:37 IST, the barometer index, the S&P BSE Sensex, was up 614.96 points or 1.81% at 34,616.11. The Nifty 50 index was up 197 points or 1.92% at 10,431.65. Recovery in other Asian shares triggered value buying in domestic shares.
Tencent Music delays $2 billion U.S. IPO due to weak markets: sources
HONG KONG (Reuters) - Tencent Music Entertainment has delayed its planned U.S. initial public offering (IPO) until at least November as the owner of China's most popular music apps prefers to wait for global stock markets to stabilise, three sources said.
Quarterly Manufacturing Outlook sees Marked Improvement- FICCI Survey
FICCI's Quarterly Manufacturing survey assessed the sentiments of manufacturers for Q-2 (July-September 2018-19) for twelve major sectors namely automotive, capital goods, cement and ceramics, chemicals, fertilizers and pharmaceuticals, electronics & electricals, food products, leather and footwear, medical devices and technologies, metal & metal products, paper products, textiles machinery and textiles. Responses have been drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over 2.8 lakh crore.
Global Markets: Asia shares bounce after rout, but sentiment fragile
SINGAPORE (Reuters) - Asian shares found a slightly firmer footing on Friday to set course for their first gains in two weeks, but the rout continued in Shanghai where shares hit lows last seen in 2014.
IMF says too early to talk about exit from easy policy in Japan
NUSA DUA, Indonesia (Reuters) - A senior International Monetary Fund official said on Friday it was "too early" to talk about normalising monetary policy in Japan, as it will take a long time to achieve the Bank of Japan's 2 percent inflation target
Rupee strengthens tracking overnight fall in global crude prices
MUMBAI (Reuters) - The rupee opened stronger on Friday helped by a drop in global crude oil prices overnight and a recovery in the domestic share market.
OnMobile Global acquires Swedish Appland AB
To expand its presence in mobile gaming business
G M Breweries advances after good Q2 outcome
G M Breweries gained 1.88% to Rs 565 at 09:52 IST on BSE after net profit rose 23.46% to Rs 19.42 crore on 10.33% growth in net sales to Rs 111.73 crore in Q2 September 2018 over Q2 September 2017.
Honor Brings a 'Beyond Limits' Experience With Honor 8X Design Philosophy
/ -- Honor, a sub brand of Huawei and a leading smartphone e-brand, has recently announced the launch of Honor 8X in India. Honor combines advance flagship technologies with an aesthetic form. Inspired by minimalist design philosophy and leveraging chip-on-film (COF) technology, the smartphone features a 16.51cm FHD+ FullView display with 91% screen-to-body ratio and a 2.5D double texture aurora glass body with a grating effect, expressing a daring and aspirational identity. (Logo: https://mma.prnewswire.com/media/682098/Honor_Logo.jpg ) Honor has combined advanced flagship technologies with an aesthetic form in the Honor 8X. Honor 8X demonstrates the brand's daring attitude and design hallmarks through its exceptional technologies, striking minimalist design and sophisticated craftsmanship. Adopting a scientific approach to aesthetics, Honor 8X strikes the right balance between functionality and beauty. Feature highlights of Honor 8X include: Large 16.51cm FHD+ screen with superb ...
Corporation Bank allots 86.90 crore equity shares to Govt. of India
Govt. of India's stake in Corporation Bank increases from 79.87% to 86.77%