Page 2551 - Business Finance
Oil slips as economic concerns counter tighter supply
LONDON (Reuters) - Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand.
Nasdaq says clearing members must pay $117 million after power trader's default
OSLO (Reuters) - Commodities members of Nasdaq Clearing must collectively pay 100 million euros ($116.75 million) by Monday to refill a fund created to cover defaults, which used most of its capital to cover losses after a power trader's default, Nasdaq said on Thursday.
U.S. firms in China feeling 'clear and far reaching' trade war pinch - survey
SHANGHAI (Reuters) - American companies in China are being hurt by tariffs in the growing trade war between Washington and Beijing, according to a survey of hundreds of firms, prompting the U.S. business lobbies behind the poll to urge the Trump administration to reconsider its approach.
ECB stays on course to curb stimulus even as growth risks rise
FRANKFURT (Reuters) - The European Central Bank kept policy unchanged as expected on Thursday, staying on track to end bond purchases this year and raise interest rates next autumn, even as it warned that risks from protectionism were gaining prominence.
Asia Coffee: Vietnam prices edge higher on scarce supplies, further gains seen limited
HANOI/BANDAR LAMPUNG (Reuters) - Coffee prices in Vietnam edged up this week on scarce supplies, but traders said they would not climb further ahead of the new harvest next month.
U.S. consumer prices rise slowly; 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.
Exclusive: Hedge fund Diamondback founders Schimel and Sapanski plan new fund - sources
NEW YORK (Reuters) - The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government's insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said.
Nordic power trader's loss costs Nasdaq and members 114 million euros
OSLO (Reuters) - A Norwegian power market trader racked up losses he could not cover, leaving commodities companies who are part of the Nasdaq clearing house, and the exchange itself, to plug a 114 million euro ($133 million) hole in a contingency fund.
Turkey learned fewest lessons from Lehman crisis, Russia the most: EBRD
LONDON (Reuters) - Turkey learned the fewest lessons from the Lehman crisis while Russia has done the most to protect itself from global turbulence, the European Bank for Reconstruction and Development's chief economist said on Thursday.
Gold slips amid hopes for new U.S.-Chinese talks
NEW YORK (Reuters) - Gold prices slid on Thursday as investors purchased riskier assets instead of seeking a safe haven in gold, amid hopes for a new round of U.S.-China trade talks.
Goldman names new operating chief, finance head in executive shakeup
(Reuters) - Goldman Sachs Group Inc on Thursday announced its biggest management shakeup since naming David Solomon as Chief Executive Officer Lloyd Blankfein's successor.
Apple leads Wall Street higher as trade worries ease
(Reuters) - A rise in Apple led a rebound in technology shares and boosted all three major stock indexes on Thursday, while trade worries eased after China said it was open to fresh talks with the United States.
Spotify attracts eyes as well as ears with video ads
COLOGNE, Germany (Reuters) - Spotify is increasingly attracting viewers as well as listeners to its free music streaming service and is finding new ways to target adverts and podcasts at customers, its head of global advertising sales told Reuters.
Sebi bans Vaastav ALR International, 7 directors from capital markets
Regulator Sebi has barred Vaastav ALR International and its seven past and present directors for at least four years from securities market and directed them to refund the money it collected illegally from investors. According to Sebi order dated September 12, Vaastav had made an offer of secured redeemable non convertible debentures (NCDs) and raised around Rs 61 lakh from 268 investors during the financial years 2011-12, 2012-13 and 2013-14. The company issued such NCDs to more than 49 investors and therefore, it qualified as public issue, said Sebi. As a public issue, the securities were required to be compulsorily listed on a recognised stock exchange, along with other requirements. However, the firm failed to do so and thereby violated provisions of Companies Act and Sebi's ILDS (Issue and Listing of Debt Securities) norms, the regulator noted. As per the order, Vaastav, its present and past directors have to "jointly and severally" refund the money to the investors with an ...
Faridabad Metropolitan Development Authority to be set up: Khattar
Haryana Chief Minister Manohar Lal Khattar Thursday said Faridabad Metropolitan Development Authority (FMDA) would be constituted to provide all infrastructure facilities to people residing there. He said since Faridabad is the second largest city of Haryana after Gurugram, it has been decided to constitute FMDA on the lines of Gurugram Metro Development Authority (GMDA). The chief minister made the announcement at a press conference and listed several achievements of the Town and Country Planning Department, the portfolio he holds, in the last four years. He said the government has allowed construction of four-storey residential buildings in the state, the registration of which will be opened from Thursday. People can now construct a stilt and four floors on their plots. Earlier rules limited construction to a stilt and three floors within a prescribed height of 15 metres. The new provision has been made in the revised Haryana building code 2017. Khattar said the Haryana Building ...
Factbox: Tesla executive departures since 2016
(Reuters) - Electric carmaker Tesla Inc has seen a flurry of senior executives leave the company in recent months.
Saudi Arabia, OPEC, and Russia deserve praise for preventing oil price spike: Perry
MOSCOW (Reuters) - The United States, Russia and Saudi Arabia are working together to ensure oil prices stay affordable and deserve credit for their success, U.S. Energy Secretary Rick Perry told reporters after meeting Russian Energy Minister Alexander Novak in Moscow.
Christian Scherer appointed Airbus chief commercial officer
PARIS (Reuters) - Airbus said in a statement it had appointed Christian Scherer as Chief Commercial Officer, replacing Eric Schulz, who has decided to leave the company for personal reasons.
Companies free to decide managerial salaries: MCA
In a bid to further improve Ease of Doing Business (EoDB) in the country, the Ministry of Corporate Affairs (MCA) on Thursday said companies will no longer require government approval to decide salaries of their managerial staff.
Majority of Indians say politicians mislead masses: survey
A survey of over 19,000 people across the country revealed that most Indians blame politicians for misleading the the people.