Page 2294 - Business Finance
Abbvie settles Humira patent disputes with Novartis unit
(Reuters) - Abbvie Inc said on Thursday it settled all patent disputes with Novartis AG, granting it a non-exclusive license to manufacture and sell a copycat version of blockbuster drug, Humira.
Machines take the blame as U.S. stock market sells off
NEW YORK (Reuters) - Investors searching for perpetrators and victims in this week's U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
Oil prices hold ground, but set for 4 percent weekly fall
TOKYO (Reuters) - Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week.
Asian shares on edge after nine-day rout, mood shaky as volatility spikes
SINGAPORE (Reuters) - Asian shares appeared tentative on Friday, holding steady after a nine-day losing streak, but sentiment was frail after Wall Street shares crumbled and expectations of market volatility shot up to an eight-month high.
Wall Street tumbles again, world equities at one-year low
NEW YORK (Reuters) - Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates.
OPEC cuts oil demand estimate in 2019
OPEC on Thursday lowered its estimate for the global oil demand next year due to the slower economic growth and US shale output growth.
Trump says Fed 'out of control' but won't fire Powell
President Donald Trump renewed his attacks on the US central bank on Thursday, saying it was "out of control" in raising interest rates but that he had no plans to dismiss Federal Reserve Chairman Jerome Powell. Trump blamed the Federal Reserve for the global stocks rout that continued Thursday for a second day amid concerns about rising interest rates. "It is a correction that I think it is caused by the Federal Reserve, with interest rates," Trump told reporters at the White House. "I think the Fed is out of control." However, asked about Powell's future, Trump said, "I'm not going to fire him." Trump named Powell to lead the central bank but can only fire him for cause. Earlier in the day, Trump told the Fox & Friends television broadcast that the central bank was "making a big mistake" by being "too aggressive" in raising rates. However, he acknowledged higher rates helped savers.
Wall St. extends slide with trade and rates in focus
(Reuters) - Wall Street indexes continued their slide in Thursday's volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.
German growth limited by trade disputes and labour shortages
BERLIN (Reuters) - The German economy is losing steam as rising trade tensions abroad and a lack of skilled workers at home limit the growth prospects for Europe's largest economy, Economy Minister Peter Altmaier said on Thursday.
Pentagon suspends all F-35 flights after crash
The US Department of Defence said Thursday it is suspending all F-35 fighter jet operations after an F-35B jet crashed last month.
Lockheed, Rheinmetall to make joint bid to supply German navy helicopters
BERLIN (Reuters) - U.S. weapons maker Lockheed Martin Corp and German peer Rheinmetall AG said on Thursday they will make a joint bid to supply the German navy with MH-60R Seahawk helicopters built by Lockheed's Sikorsky unit.
Wall Street sells off as worries mount ahead of earnings season
NEW YORK (Reuters) - Wall Street indexes continued their slide in Thursday's volatile session as investors worried about rising interest rates and braced for impact on corporate earnings from trade conflicts, a day before quarterly reporting season begins.
India's Flipkart confident of bumper sales season; says Amazon losing relevance
BENGALURU (Reuters) - Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India.
Oil falls 3 percent as equity markets drop, inventories climb
NEW YORK (Reuters) - Oil prices slumped to more than two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by a bigger-than-expected build in U.S. crude inventories.
NDMC scores 62.29 per cent for efficiently running city corporation: Report
The North Delhi Municipal Corporation (NDMC) scored 62.29 per cent for efficiently running a city corporation, according to a report. The annual report was released by Praja on performance of councillors in its Delhi Councillor Report Card 2018. The NDMC received 62.29 per cent, the South Delhi Municipal Corporation (SDMC) 61.43 per cent and the East Delhi Municipal Corporation (EDMC) 60.86 per cent, which is not poor, the report said. However, for a city corporation being run efficiently, it would be essential that this average score move upwards in 70 and 80 per cent, as this will reflect into effective 'legislative' performance, probity in public life and highly-graded in perception scores of the electorate, the report said.
Blackstone close to 800 million pound deal to buy British live events business NEC Group - Sky News
(Reuters) - Blackstone Group is nearing a deal to buy British live events business NEC Group, and has agreed to pay just over 800 million pounds ($1.06 billion) for the business, Sky News reported on Thursday.
U.S. banks need more than in-line 3rd quarter to boost shares
(Reuters) - Major U.S. banks, beginning on Friday, are expected to report earnings growth that exceeds that of the broader market, but that may not be enough to impress investors, who have been unimpressed by loan growth and are anticipating higher deposit rates and credit costs.
Wall St. extends slide as Nasdaq flirts with correction
(Reuters) - Wall Street indexes extended their decline on Thursday as volatility spiked and investors shunned risky investments, and Nasdaq looked like it could confirm a correction.
Gold surges over 2 percent as share selloff sparks flight to safety
BENGALURU (Reuters) - Gold prices on Thursday jumped over 2 percent to more than a two-month high as tumbling global stock markets sent investors rushing to the safe-haven asset.
Wells Fargo touts good deeds to get back in lawmakers' good graces
WASHINGTON (Reuters) - Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.