Page 2547 - Business Finance
Good gains at Wall Street
Indices rally on the back of strong technology shares.
China's crude oil output climbs for first time in nearly 3 yrs
BEIJING (Reuters) - China's crude oil output rose in August for the first time in nearly three years, data showed on Friday, climbing after President Xi Jinping called for a boost to national energy security amid trade tensions with the United States.
Hyundai Motor Group heir apparent named as chief vice chairman
SEOUL (Reuters) - Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea's second largest conglomerate.
China economy shows weakness as investment growth hits new low
The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports towards personal consumption, while at the same time battling a mountain of debt. The trade spat with major export destination the United States has complicated the task and sent domestic stock markets tumbling to lows not seen since the 2016 collapse. US President Donald Trump has threatened to slap higher taxes on every Chinese product coming into the US -- though another round of high-level talks could be in the offing. Still on Thursday Trump threw cold water on hopes for those negotiations. "We are under no pressure to make a deal with China, they are under pressure to make a deal with us," Trump tweeted. "Our markets are surging, theirs are collapsing...If we meet, we meet?" China's National ..
Oil prices claw back on supply concerns though but demand worries drag
TOKYO (Reuters) - Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand.
Gold gains as dollar dips on soft U.S. data
BENGALURU (Reuters) - Gold rose on Friday as the dollar faltered after softer-than-expected U.S. inflation data dimmed the case for a faster pace of policy tightening by the U.S. Federal Reserve, amid signs of movement in the Sino-U.S. trade standoff.
Full-frame mirrorless camera is just the beginning: Canon
Sending a strong message to the existing players in the mirrorless camera segment, Japanese major Canon which just unveiled its first full-frame mirrorless camera EOS R is ready to roll out more enhanced devices in the near future.
Sensex climbs 300 pts on positive economic data, rupee recovery
The BSE benchmark Sensex reclaimed the 38,000-mark by surging over 300 points in opening trade Friday on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low. The 30-share barometer pushed higher by 318.85 points, or 0.85 per cent, to 38,036.81. The gauge had risen 304.83 points in the previous session on Wednesday. Sectoral indices were green across the board, with metal, power, PSU, realty and oil & gas stocks posting sizeable gains of up to 1.66 per cent. The NSE index Nifty was trading above the 11,400-mark, up 84.90 points, or 0.75 per cent, at 11,454.80. Buying activity picked momentum after data released by Central Statistics Office (CSO) on Wednesday showed that industrial production grew at 6.6 per cent in July, while retail inflation cooled to a 10-month low of 3.69 per cent in August. The rupee's recovery by 50 paise to 71.68 against the dollar in early trade on the ...
Equity indices open in green on firm Asian cues
The key Indian equity indices opened in green on Friday tracking similar cues from the Asian markets.
Market opens higher on positive global cues
Key benchmark indices were trading higher in early trade, tracking positive leads from Asian markets and overnight gains on the Wall Street. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 181.37 points or 0.48% at 37,899.33. The Nifty 50 index was up 73.45 points or 0.65% at 11,443.35.
Corrected: Hyundai Motor Group heir apparent named as chief vice chairman
SEOUL (Reuters) - Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea's second largest conglomerate.
Global Markets: Trade talk plans boost Asian shares, but China shaky
SHANGHAI (Reuters) - Shares across most of Asia rose on Friday on expectations that the United States and China could launch a fresh round of trade talks, and as a surprisingly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.
Indian rupee, bonds rise on lower crude prices overnight, receding trade tensions
MUMBAI (Reuters) - The Indian rupee and bonds opened on a strong note on Friday, tracking a pull-back in crude oil prices overnight and receding trade tensions between the United States and China.
Hyundai Motor Group heir apparent named as vice chairman
SEOUL (Reuters) - Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea's second largest conglomerate.
Re strengthens by 50 paise against dollar in early trade
Continuing its recovery, the rupee Friday strengthened by 50 paise to 71.68 against the dollar in early trade in the forex market on the government's assurance that all steps would be taken to ensure the domestic currency does not depreciate to unreasonable levels. Besides, dollar selling by exporters and banks, the greenback's weakness against other currencies overseas, helped the domestic currency recover, forex dealers said. They said a higher opening in the equity market and positive macro data released on Wednesday also supported the rupee's recovery, they added. Industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low of 3.69 per cent in August, according to the data released by Central Statistics Office. The rupee on Wednesday rebounded from the historic low of 72.91 to end higher by 51 paise at 72.18 against the dollar. The forex market was closed Thursday on account of Ganesh Chaturthi. Meanwhile, the BSE benchmark Sensex reclaimed the .
Trade talk plans boost Asian shares, but China shaky
SHANGHAI (Reuters) - Shares across most of Asia rose on Friday on expectations that the United States and China could launch a fresh round of trade talks, and as a surprisingly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.
Hyundai Motor Group appoints heir apparent as chief vice chairman
SEOUL (Reuters) - South Korea's Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice chairman of Hyundai Motor Co, to chief vice chairman of the group.
China industrial output tops forecasts, but investment growth sinks to new low
BEIJING (Reuters) - China reported better-than-expected industrial output and retail sales on Friday, but a key investment gauge fell to a fresh record low, highlighting the challenges facing Beijing as it tries to support the economy in the face of rising U.S. tariffs.
Trump nominates Indian-American to key administration post
Indian-American Bimal Patel has been nominated to a key administrative position in the Treasury Department by US President Donald Trump. Patel, from Georgia, has been nominated to be an Assistant Secretary of the Treasury for Financial Institutions. Currently, he serves as the Deputy Assistant Secretary of the Treasury for the Financial Stability Oversight Council. Prior to joining the US Department of the Treasury, Patel was a partner and head of the Financial Advisory and Regulation practice in the Washington, D.C., office of O'Melveny & Myers LLP, the White House said. Patel previously served as a senior advisor to Director Jeremiah O. Norton on the Board of Directors of the Federal Deposit Insurance Corporation. Additionally, he has served as an adjunct associate professor at Stanford University, teaching an undergraduate course on banking regulation. Patel earned his B.A. from Stanford University, M.P.P. from the Kennedy School of Government at Harvard University, and J.D. ...
Shares may extend recovery on positive global cues
Market is seen opening higher tracking positive leads from Asian markets and overnight gains on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 39 points at the opening bell.