Page 2330 - Business Finance
Australia Market extends losses
The International Monetary Fund has cut its global growth forecasts, expecting global economy to grow at 3.7% this year and next year down 0.2 %age points from an earlier forecast. The IMF maintained that the U.S. and China will grow by 2.9% and 6.6%, respectively, this year but said both would slow more than expected to 2.5% and 6.2%, respectively, in 2019. The IMF said emerging economies as a whole have experienced larger volumes of capital outflows as investors shift their money out on the back of rising interest rates in the U.S. Countries.
China Market rebounds on bargain hunting
The People's Bank of China had lowered the required reserve ratio (RRR) as it looks to shore up the economy after a series of weak data, amid Beijing's trade war with Washington. The People's Bank of China's move over the weekend to reduce how much cash lenders must hold as reserves -- the so-called reserve requirement ratio (RRR) -- came as challenges to the economy grow, including fallout from the US-China trade war. As per reports, the reduction in RRR could pump about $175 billion into the economy, especially to small to medium size businesses. China's RRR cut reinforces expectations of more policy easing ahead, putting China on a divergent path of monetary policies with the United States, where 10-year treasuries yields hit seven-year highs as the Federal Reserves keeps raising rates. Yields of China's 10-year central government bonds have been trending lower this year, standing at 3.633% on Oct. 8. That compares with the 3.227% yield for U.S. bonds, the highest level since May,
Japan Nikkei falls on negative offshore lead, stronger yen
The International Monetary Fund has cut its global growth forecasts, expecting global economy to grow at 3.7% this year and next year down 0.2 %age points from an earlier forecast. The IMF maintained that the U.S. and China will grow by 2.9% and 6.6%, respectively, this year but said both would slow more than expected to 2.5% and 6.2%, respectively, in 2019. The IMF said emerging economies as a whole have experienced larger volumes of capital outflows as investors shift their money out on the back of rising interest rates in the U.S. Countries.
Tata Motors slips after JLR global sales decline in September
Shares of Tata Motors were down 4.49% at Rs 203.20 at 10:11 IST on BSE.
Oil India Ltd Slides 4.15%
Oil India Ltd has lost 10.14% over last one month compared to 16.84% fall in S&P BSE Oil&Gas index and 10% drop in the SENSEX
Hindustan Oil Exploration Company Ltd Surges 1.15%
Hindustan Oil Exploration Company Ltd has lost 20.42% over last one month compared to 13.58% fall in S&P BSE Energy index and 10.1% drop in the SENSEX
Aban Offshore to acquire two blocks in UK North Sea
For non-cash consideration of USD 75 million
IMF says not approached by Pakistan for financial assistance
NUSA DUA, Indonesia (Reuters) - Pakistan has not formally approached the International Monetary Fund for financial assistance despite its economic woes, the IMF's chief economist said on Tuesday.
LinkedIn acquires employee engagement firm Glint
Microsoft-owned LinkedIn has acquired Glint, a California-based employee engagement company that helps organisations get feedback from employees.
Gold inches up on safe-haven demand amid China worries
BENGALURU (Reuters) - Gold prices edged higher on Tuesday drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China's economic growth and as the dollar eased against the yen.
Grass craftswomen upbeat about online offer in Odisha villages
With e-commerce portals evincing keen interest to market their products, the women grass craft makers of a cluster of villages in Kendrapara district are elated at the prospect of augmenting their income. General Manager of District Industries Centre, Santosh Mishra, said if the online marketing initiative of e-commerce companies materialises, it will definitely enhance the sale of grass craft products. Besides empowering the rural craftswomen by helping them earn better, the online platforms will help them by providing them a larger reach for their creations, he said. "Marketing of the product was a major hindrance that was encountered by us. All of us engaged in this craft are excited after online sale offers were received by us recently. "A leading e-commerce body has negotiated with us for online sale of our products. The deal is almost finalised barring some technical formalities", he said. Several villages under Baro gram panchayat are known for the craft skills ..
Growth projections lift equity indices; metal stocks gain
Healthy buying in metals and capital goods stocks along with upbeat economic growth projections for India buoyed the key domestic equity indices during Tuesday's morning trade session.
Market trades higher in early trade
Key benchmark indices were trading higher in early trade. At 9:23 IST, the barometer index, the S&P BSE Sensex, was up 149.90 points or 0.43% at 34,624.28. The Nifty 50 index was up 43.50 points or 0.42% at 10,391.55.
Honor India Announces Attractive Deals on Honor martphones at Amazon
/ -- Honor Play(4+64GB) available at an attractive price of INR 18,999 Honor 7C available at a discount of INR 1,000 on Honor Store Honor, the sub brand of Huawei, today announced attractive festive offers on some of the bestselling models of Honor smartphones at the Amazon Great India Festival Sale and on its e-marketplace portal - Honor Store. Bestselling Smartphone Honor Play will be available at an amazing offer during the six-day Amazon sale. Non-Prime Amazon members can avail these offers from 10th October (mid-night) till 15th Oct (mid-night) whereas Amazon Prime Members will have the luxury to have an early access to these offers starting 9th October from 12 noon onwards. Customers can also avail 10% Instant Discounts on SBI Debit and Credit cards. (Logo: https://mma.prnewswire.com/media/682098/Honor_Logo.jpg ) The 4+64GB variant of the recently launched all-rounder Honor Play will be available at an attractive price of INR 18,999 and the 6+64GB variant will be available at an
Rupee recovers 18 paise against US dollar
The rupee made a cautious recovery of 18 paise to 73.88 against the US dollar Tuesday on fresh selling of the American currency by banks and exporters. Besides, the dollar's overseas weakness, easing global crude oil price and higher opening in the domestic stock market supported recovery in the domestic unit, traders said. At the forex market, the local currency was trading 18 paise higher at 73.88 in early trade. The International Monetary Fund's forecast of a growth rate of 7.3 per cent for India in the current year of 2018 and that of 7.4 per cent in 2019, too, boosted investor sentiment here. In the previous session Monday, the rupee slumped 30 paise to finish at a fresh lifetime low of 74.06 against the US dollar. Meanwhile, the benchmark Sensex rose by 72.04 points, or 0.21 per cent, to 34,546.42 in opening trade.
IMF retains India's growth rate at 7.3% in 2018
The International Monetary Fund (IMF) has retained India's growth rate at 7.3 per cent in 2018, while it estimates the 2019 growth rate to touch 7.4 per cent.However, the IMF has slashed its global growth forecast for this year and the next to 3.7 per cent owing to escalating trade disruptions between the United States and China.According to the latest World Economic Outlook (WEO), the IMF said that the global economy is expected to grow at 3.7 per cent this year and next year - down 0.2 percentage points from an earlier forecast.The IMF slashed China's growth rate to 6.6 per cent in 2018 and further down to 6.2 per cent in 2019, from 6.9 per cent in the previous year. The lowered projection, the IMF said, was on account of China's corporate, government, and household debt, which has added around USD 23 trillion in the past decade. Furthermore, China's debt to GDP ratio increased by around 100 percentage points, indicating border-lining financial crisis.Although China has used some of
Oil prices rise on signs that Iranian crude exports fall further
TOKYO (Reuters) - Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC's third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico.
Volatility may continue amid mixed global cues
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 9 points at the opening bell.
Tata Motors in spotlight after JLR September sales
Tata Motors will be watched. Jaguar Land Rover (JLR) reported total retail sales of 57,114 vehicles in September 2018, down 12.3% year on year despite strong sales for new models including the Range Rover Velar and the Jaguar I-PACE and E-PACE. The announcement was made after market hours yesterday, 8 October 2018.
India's aluminium makers win Japan sales in market shake-up
TOKYO/NEW DELHI (Reuters) - Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as U.S. sanctions against Russia's Rusal and import tariffs shake up traditional supply routes.