Page 2548 - Business Finance

Global Markets: Asian shares rise as China and U.S. weigh fresh talks

SHANGHAI (Reuters) - Asian shares nudged higher on Friday as moves by the United States and China to resolve a bitter trade dispute and a sharp interest rate hike in crisis-hit Turkey supported global risk appetite.

Japan government more bullish on capex, eyes on U.S.-China trade row

TOKYO (Reuters) - Japan upgraded its assessment of capital expenditure for the first time in nine months as companies ramp up spending on equipment and software to better cope with growing labour shortages.

Oil prices claw back some ground, 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, although worries that emerging market crises and trade disputes could dent demand continued to drag.

Fuel prices continue northward march

Fuel price jumped to all-time high on Friday, with petrol being sold at Rs 81.28 per litre and diesel at Rs 73.30 per litre in the national capital.The petrol price was increased by 28 paise per litre, while the diesel saw a hike of 22 paise per litre in the national capital, informed the Indian Oil Corporation.On the other hand, the price of petrol rose to Rs 88.67 per litre in Mumbai, while diesel is being sold at 77.82 per litre.The continuous hike in the fuel price is being witnessed from past few days, causing much trouble to the common people.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.

Amazon CEO says 'HQ2' decision will be announced before end of year

WASHINGTON (Reuters) - Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year.

China will not 'surrender' to U.S. demands in trade talks: state paper

SHANGHAI (Reuters) - China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks.

Oil has steepest drop in a month as economic concerns threaten demand

NEW YORK (Reuters) - Oil prices fell more than 2 percent on Thursday, with Brent slipping back from four-month highs as investors focussed on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.

Perry encourages Saudi, OPEC, Russia to work against oil price spike

MOSCOW (Reuters) - Saudi Arabia, other members of OPEC and Russia are to be admired for trying to prevent a spike in global oil prices, U.S. Energy Secretary Rick Perry said after meeting Russian Energy Minister Alexander Novak in Moscow.

FDA move on e-cigarettes means new risks for Fidelity funds

BOSTON (Reuters) - Fidelity Investments' bet on a privately held maker of e-cigarettes faces new risks after U.S. health regulators on Wednesday said they are considering a ban on flavoured versions of the popular "vaping" products.

Trade hopes and Turkey rate hike feed the bulls

NEW YORK (Reuters) - Signs of movement in the U.S.-China trade stand-off and an interest rate hike in emerging market trouble-spot Turkey sent an index of global stocks higher on Thursday as risk appetite returned.

Wall Street rises with Apple, easing trade concerns

NEW YORK (Reuters) - Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.

'No-deal' Brexit would complicate driving, data and roaming, UK says

LONDON (Reuters) - Leaving the European Union without a divorce deal could increase Britons' mobile phone roaming charges, upset data sharing and force motorists to get an international licence to drive in Europe, the government said on Thursday.

Wall Street rises with Apple, easing trade fears

(Reuters) - Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States.

Volkswagen to stop production of iconic Beetle in 2019

(Reuters) - Volkswagen said on Thursday it would stop producing its Beetle compact car globally in 2019, ending a model that looked backward to the 1960s counter-culture as the automaker prepares for a leap towards a future of mass-market electric cars.

Volkswagen of America to end Beetle production in 2019

(Reuters) - Volkswagen's U.S. unit said on Thursday it would stop producing the iconic Beetle car next year.

Amazon founder Jeff Bezos, unveils USD 2 billion philanthropic fund

Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial USD 2 billion to the cause. Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune -- now estimated at more than USD 160 billion -- for charitable efforts. The "Bezos Day One Fund" created by Bezos and his wife MacKenzie will focus on two areas: helping "existing nonprofits that help homeless families" and funding "a network of new, nonprofit, tier-one preschools in low-income communities," he wrote. For the homeless, grants will be given to organizations "doing compassionate, needle-moving work to provide shelter and hunger support to address the needs of young families," Bezos said. The fund will also seek to launch and operate "a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved ...

Wall Street gains with Apple, easing trade concerns

NEW YORK (Reuters) - Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.

Company veteran named Airbus sales chief after ex-Rolls executive quits

PARIS (Reuters) - Airbus named its second new sales chief in less than a year on Thursday after chief commercial officer Eric Schulz abruptly resigned nine months after being poached from Rolls-Royce to lead the battle for jet sales against Boeing.

Volkswagen to end iconic 'Beetle' cars in 2019

Volkswagen announced on Thursday that it would end production of its iconic "Beetle" cars in 2019 following a pair of final editions of the insect-inspired vehicles. The move comes as Volkswagen emphasises electric autos and larger family-oriented vehicles, said Hinrich Woebcken, chief executive of Volkswagen Group of America. But Woebcken opened the door to reviving the model at some point, saying "never say never.

U.S. consumer prices rise modestly; jobless claims near 49-year low

WASHINGTON (Reuters) - U.S. consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing.