Page 2332 - Business Finance
S&P 500 cuts declines to end flat; Nasdaq falls
NEW YORK (Reuters) - The S&P 500 cut losses to end nearly flat on Monday after having been weighed down by concerns about slowing Chinese economic growth due to trade tensions between China and the United States.
S&P 500 pares losses from China economic concerns
NEW YORK (Reuters) - The S&P 500 was little changed on Monday as concerns mounted about the impact on China's economy from trade tensions between the United States and China.
Oil dips but bounces off low on hopes for demand boost from China stimulus
HOUSTON (Reuters) - Oil prices almost fully recovered from a sharp drop on Monday, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's No. 2 economy.
Gold dips to one-week low as investors seek refuge in dollar
BENGALURU (Reuters) - Gold fell to its lowest level in a week on Monday as investors sought safety in the U.S. dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China.
Gold slides to one-week low as dollar climbs
BENGALURU (Reuters) - Gold prices fell more than 1 percent on Monday to a one-week low as investors sought refuge in the dollar, worried about a slide in global stock markets aggravated by concerns over China's economic growth.
Oil dips but bounces off low on hopes for China stimulus
HOUSTON (Reuters) - Oil prices fell on Monday but pared losses along with the U.S. stock market as investors bet that China's economic stimulus steps on Sunday would be sufficient to boost the world's No. 2 economy and bolster its crude demand.
Wall Street mirrors global markets slump on China growth fears, high yields
(Reuters) - Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
India to buy Iranian oil in November: Pradhan
Petroleum Minister Dharmendra Pradhan on Monday said that Indian companies will continue to buy Iranian oil in November despite the looming US sanctions on that country.
Tata Steel India's Q2 sales up 3.24%
Tata Steel India's year-on-year sales during the second quarter of 2018-19 rose by 3.24 per cent to 3.18 million tonnes (MT) on provisional basis.
Airbus picks planes boss Faury as next CEO to end uncertainty
PARIS (Reuters) - Planemaking boss Guillaume Faury was named as the next chief executive of Airbus on Monday, ending months of uncertainty over the leadership of Europe's largest aerospace group and underlining the dominance of its commercial jet arm.
Wall Street tracks global stocks lower on China growth fears, high yields
(Reuters) - Wall Street fell for a third straight day on Monday, mirroring global stocks, amid growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
Schroders targets British wealth boost with Lloyds tie-up
LONDON (Reuters) - Schroders could soon help manage the money of people with significantly less in their bank accounts than the super-rich it has targeted so far, if talks with Lloyds about a wealth management tie-up succeed.
Cash-strapped Pakistan to approach IMF for bailout package
After initial hesitance and delays, Pakistan Monday announced to approach the International Monetary Fund (IMF) for a bailout package to address the mounting balance of payments crisis faced by the cash-strapped country. The decision to approach the IMF was taken by Prime Minister Imran Khan who had in the past opposed such measures to support the economy. Finance Minister Asad Umar said that talks with the IMF will start immediately as Prime Minister Khan approved the decision after consultations. "It was decided today that we should start negotiations with the IMF for a stabilization and recovery program so that we should bring the current difficult economic situation under control," Umar said in video message. Sources in the finance ministry said that government explored all options including asking friendly countries for support as well as seeking donations from the overseas Pakistanis before going to the IMF. Umar is expected to lead a delegation to attend the annual meeting of ..
Former Trump aide Hicks joins Fox as communications chief
(Reuters) - Hope Hicks, the former communications director of President Donald Trump, has been appointed as communications chief at Fox, the company being spun off from Twenty-First Century Fox's merger with Walt Disney Co.
Amazon India denies it gives select sellers preferential treatment
BENGALURU/MUMBAI (Reuters) - Amazon's Indian business has denied accusations that it favours select merchants and brands, responding to a complaint lodged by an Indian lobby group.
Pakistan's new government to hold talks with IMF for financial assistance
ISLAMABAD (Reuters) - Pakistan's new government has decided to open talks on financial assistance with the International Monetary Fund amid a mounting balance of payments crisis, the finance minister told local television on Monday.
Sovereign Gold Bond schemes opens from Oct 15
The government's sovereign gold bond scheme for 2018-19 will be open for subscription from mid-October, running up to five tranches till February, the Reserve Bank said Monday. The Sovereign Gold Bonds will be issued every month from October 2018 to February 2019 as per the calendar specified, the RBI said in a release. The bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and BSE Limited. The first tranche of the scheme will be open for subscription between October 15-19, while the issuance of the bonds will be on October 23. The next tranche between November 5-19 (issue Nov 13), followed by December 24-28 (issue Jan 1); January 14-18 (Jan 22) and February 4-8 (Feb 12). For the current fiscal, the first tranche of the sovereign gold bond (SGB) and its subscription was opened on April 16. The sovereign gold bond scheme was launched in November 2015
ICAI inks pact with IFRS Foundation over copyrights
Chartered accountants' apex body ICAI has entered into a pact with the IFRS Foundation in relation to copyrights of accounting standards. The foundation issues International Financial Reporting Standards (IFRS). The Institute of Chartered Accountants of India (ICAI) has entered into a Memorandum of Understanding (MoU) with the foundation, a release said Monday. "This MoU will formalise the mutual understanding and acceptance about the rights of each of the parties in the copyrights in IFRS Standards and Ind AS," it added. Ind AS or Indian Accounting Standards are converged with the IFRS. According to the release, the Corporate Affairs Ministry has authorised the ICAI to sign an MoU with the Foundation on its behalf. Besides, the institute has entered into three other agreements with the foundation relating to sharing of IFRS knowledge data base and its copyrighted materials with ICAI. As per the Companies Act, 2013, certain class of companies are required to comply with ...
Patanjali to bring out more products from farm, food processing sector: Baba Ramdev
Baba Ramdev-promoted Patanjali Ayurved is now focusing on the agriculture and food processing sector as it looks to bring out several products from the segment in the coming future. The company, which is working with farmers on the ground, is encouraging them to go for organic farming among them. "Now we are focusing more on agriculture and solar energy sector. The agriculture has a wide scope and Patanjali would work in several directions in the sector," Baba Ramdev told PTI. He further added: "We would encourage organic farming and we are going to bring many products based on it. We are also working on food processing and we will make our efforts in this." Patanjali Ayurved last month entered into the cow milk segment by launching cow milk and milk-based dairy products and also has plans to launch its apparel brand 'Paridhan'. "We are trying to open at least 100 stores before March 2019," Ramdev said here on the sideline of an event organised by FICCI Ladies Organisation, the women .
Oil slips but bounces off low on hopes for China stimulus
HOUSTON (Reuters) - Oil prices fell on Monday but pared losses along with the U.S. stock market as investors bet that China's economic stimulus steps on Sunday would be sufficient to boost the world's No. 2 economy and bolster its crude demand.