Page 2531 - Business Finance
US stocks end near unchanged mark
All three indices post good weekly gains
Gold nudges up amid looming U.S. tariffs on China
BENGALURU (Reuters) - Gold inched up on Monday as bargain-hunters bought the metal after prices dipped in the previous session, amid reports that the United States is set to impose a new round of tariffs on Chinese imports.
Top executive to leave Australia's NAB over misconduct
SYDNEY (Reuters) - National Australia Bank on Monday announced the departure of its top consumer banking executive, the latest high-profile casualty from a powerful sector-wide inquiry that uncovered misdeeds in his department and across the industry.
UK consumer spending grows at fastest pace since January: Visa
LONDON (Reuters) - British consumer spending grew over the three months to August at the fastest pace since January, chiming with other signs the economy has picked up some steam in mid-2018, a survey from payments firm Visa showed on Monday.
Singapore August exports growth slows to 5.0 percent, below forecast
SINGAPORE (Reuters) - Singapore's on-year non-oil domestic exports (NODX) growth slowed sharply in August as sales of pharmaceuticals came off the sizzling pace of the month before, official data showed on Monday.
Sensex cracks 350 pts on profit-booking, weak global cues
The benchmark BSE Sensex sank over 350 points in early trade Monday after two sessions of gains as investors cashed profits in consumer durables, banking, oil & gas and PSU stocks, amid fresh weakness in the rupee and weak global cues. The BSE 30-share barometer dropped 366.52 points, or 0.96 per cent, to 37,724.12 driven by losses in index majors Axis Bank, SBI, Asian Paint, Tata Motors, HDFC and HDFC Bank. The gauge had rallied 677.51 points in the previous two sessions on sustained buying by domestic institutional investors. The NSE Nifty index too dipped below the 11,500-mark by falling 111.80 points, or 0.97 per cent, at 11,403.40. Brokers said investors turned cautious and logged gains after recent rally, pulling down key indices. Besides, weakness in the rupee and a negative trend in most other Asian markets amid reports that the US could announce a new round of tariffs on Chinese imports later in the day too weighed on the sentiments here, they added. The rupee again ...
Global cues equity indices lower; banking stocks down
Fears over escalation in global trade protectionist measures and broadly negative Asian markets dragged the key Indian equity indices lower during the morning trade session on Monday.
Market trades lower on negative global cues
Key benchmark indices were trading lower in early trade, tracking negative Asian cues. At 9:19 IST, the barometer index, the S&P BSE Sensex, was down 262.18 points or 0.69% at 37,828.46. The Nifty 50 index was down 83.05 points or 0.72% at 11,432.15.
Rupee again breaches 72-mark, down 81 paise in early trade
The rupee depreciated 81 paise to 72.65 against the dollar in early trade Monday at the forex market, despite the government's steps to stem a steep fall in the currency, amid reports that the US could announce a new round of tariffs on Chinese imports later in the day. The dollar rose against a basket of major currencies overseas, with investors cautiously awaiting news on the implementation of US tariffs on an additional USD 200 billion of Chinese imports, forex dealers said. On Friday, the rupee had gained 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency. Meanwhile, the benchmark BSE Sensex tumbled by 295.40 points or 0.78 per cent to trade below the 38,000 mark at 37,795.24 in early trade.
Gold treads water on reports new China tariffs imminent
BENGALURU (Reuters) - Gold prices were little changed early Monday, after falling 0.6 percent in the previous session, as investors remained cautious on reports that the United States is set impose a new round of tariffs on Chinese imports.
Oil prices ease as trade row clouds demand outlook
BEIJING (Reuters) - Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran.
Meredith Corp to sell Time media brand to Marc and Lynne Benioff
(Reuters) - Meredith Corp said on Sunday it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million in cash.
Infosys in focus on signing deal to buy Fluido
Infosys announced a definitive agreement to acquire Fluido, the leading salesforce advisor and consulting partner in Nordics and a recognized leader in cloud consulting, implementation and training services. Executing on its strategy to help clients navigate the next in their digital transformation journey, this acquisition strengthens Infosys' position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients an unparalleled cloud-first transformation. The announcement was made after market hours on Friday, 14 September 2018.
Shares may correct on profit booking
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 49.50 points at the opening bell, tracking negative Asian cues.
Asian shares tripped up by new U.S. tariff threat
SYDNEY (Reuters) - Most Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.
Pakistan to present mini-budget on Tuesday: Imran Khan
Pakistan's Prime Minister Imran Khan said on Sunday that Finance Minister Asad Umer will present the Mini-Budget on Tuesday.
Petrol, diesel prices touch new height today
Fuel prices are skyrocketing since the past few days and it once again witnessed the hike on Monday morning.The rising prices of petrol and diesel every day have burnt a hole in the pockets of consumers. In New Delhi, petrol is now being sold at Rs Rs 82.06 per litre (increased by Rs 0.15 per litre), while the price of diesel has been hiked by Rs 0.6 per litre to Rs 73.78 per litre.On the other hand, the price of petrol rose to Rs 89.44 per litre in Mumbai, while diesel is being sold at Rs 78.33 per litre.The continuous hike in the fuel price is being witnessed from the past few days, causing much trouble for the common people.The Union Government has also been facing flak in the past few weeks for not implementing stringent measures to curb prices.Speaking about the soaring fuel price, Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier said that the hike in fuel price in the country is due to international factors, and not under the Centre's control.
Carmakers must offer customers incentives to replace diesel models: German minister
FRANKFURT (Reuters) - Germany's transport minister is in talks with carmakers about how much money they should offer customers to exchange old diesel models for new cars, Frankfurter Allgemeine Zeitung reported.
UAE approves law granting residency to retired property investors
DUBAI (Reuters) - The United Arab Emirates government approved on Sunday a law that allows expatriates to stay in the country after retirement if they own a property valued about $545,000.
MP: Chouhan targets Rahul Gandhi with 'chilli' barb
On the eve of Congress chief Rahul Gandhi's visit to the state, Madhya Pradesh Chief Minister Shivraj Singh Chouhan Sunday took a swipe at him claiming the former did not know how chillies grew in a field. Chouhan was speaking at a public rally in Narsinghgarh area near here. Gandhi will arrive in Bhopal Monday and embark on a 15-kilometre road show from Lalghati Chowk to the Bharat Heavy Electricals Ltd's Dussehra Maidan. "The leader who does not know how chillies grow in a field- whether upside down or the other way round is showing concern about farmers and farming," Chouhan said Sunday. "Rahulji, your government gave loans to farmers at a high rate of 18 per cent (in Madhya Pradesh). We are disbursing loans to farmers at zero per cent," he added. The MP CM said that the BJP governments at the Centre and here had vowed to make farmers prosperous and had, so far, transferred Rs 32,701 crore to them through various beneficial schemes.