Page 2557 - Business Finance

Malaysia finance minister says asset recovery on 1MDB much slower than expected

HONG KONG (Reuters) - Malaysia's Finance Minister Lim Guan Eng said on Thursday that asset recovery in the 1Malaysia Development Berhad (1MDB) multi-billion fraud investigation is going much slower than expected.

Gold near 1-week highs as Sino-U.S. trade talk hopes hurt dollar

BENGALURU (Reuters) - Gold prices held steady on Thursday after hitting more than one-week highs the session before, with hopes for a new round of U.S.-China trade talks weighing on the dollar.

Australian jobs soar in August, unemployment stays still

SYDNEY (Reuters) - Australian employment blew past all expectations in August while the jobless rate held steady as more people joined the labour force, a mix that works against wage growth even as it supports consumer spending power.

LG Display struggles for footing after LCD forecasting error leads to crisis

SEOUL (Reuters) - The chief executive of South Korea's LG Display, Han Sang-beom, was determined to deliver a strong message when he appeared before 1,000 employees at the firm's main manufacturing plant last spring.

Global Markets: Asian shares win reprieve on Sino-U.S. trade talk hopes

TOKYO (Reuters) - Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies.

Oil prices dip, but US crude remains above $70 on falling inventories

SINGAPORE (Reuters) - Oil prices slipped on Thursday, although U.S. crude remained above $70 a barrel on the back of falling crude inventories and Brent was still close to $80 because of looming sanctions against Iran.

Cabinet approves policy to promote and incentivize new methods of hydrocarbon production

The Centre on Wednesday approved the policy framework to promote and incentivise techniques to improve recovery factor of existing hydrocarbons reserves for augmenting domestic production of oil and gas.The policy approved by the Union Cabinet chaired by Prime Minister Narendra Modi will promote enhanced recovery (ER), improved recovery (IR) and unconventional hydrocarbon (UHC) production.The objective of the policy is to build a supportive ecosystem through academic and research institutes, industry-academia collaboration. It also aim to support and encourage Exploration and Production (E&P) Contractors to deploy ER/IR/UHC Methods/ techniques.The policy, which will be applicable to all contractual regimes and Nomination fields, is expected to spur new investment, provide impetus to economic activities and generate additional employment opportunities.It is further expected to facilitate induction of new, cutting-edge technology, innovative and forging technological collaboration ..

Dow, S&P 500 end up slightly after trade talk news; Apple slips

NEW YORK (Reuters) - The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.

Global stocks look for direction in trade strife, oil prices leap

NEW YORK (Reuters) - An index of global stocks rose on Wednesday, helped by a report that Washington is proposing a new round of trade talks with Beijing and as resurgent oil prices pumped up energy shares.

S&P, Dow edge up on trade optimism; Apple sinks Nasdaq

NEW YORK (Reuters) - The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple Inc shares as the company unveiled larger iPhones but made just minor changes to its offerings.

Brent reaches $80 a barrel after fall in U.S. crude stocks

NEW YORK (Reuters) - Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.

As Trump embraces more tariffs, U.S. business readies public fight

WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 85 U.S. industry groups launched a coalition on Wednesday to take the fight public.

ASEAN leaders agree to tap 4th Industrial Revolution

Leaders of ASEAN (Association of Southeast Asian Nations) members gathered here on Wednesday for the 2018 World Economic Forum on ASEAN, stressing the importance of fully tapping the Fourth Industrial Revolution for socioeconomic development.

Wall Street dips with Apple, other tech shares

NEW YORK (Reuters) - U.S. stocks edged lower on Wednesday, weighed down by a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings, and other technology shares.

Chinese electric carmaker NIO recovers from bumpy U.S. debut

(Reuters) - Shares of Chinese electric carmaker NIO Inc bounced back from a 15 percent plunge in their market debut on Wednesday, a day after the company's IPO was priced at the lower end of the expected range.

Air India's Mumbai-Frankfurt flight from October

National carrier Air India will start direct flights from Mumbai to Frankfurt in Germany from October 16.

C'garh Assembly passes Rs 2,400 crore supplementarybudget

The Chhattisgarh Legislative Assembly passed on Wednesday asecondsupplementarybudgetof overRs 2,400 crore for the financial year 2018-19, mainly to disburse a bonus to farmers against paddy procurement in the ongoing Kharif season. During the discussion, Chief Minister Raman Singh, who also holds the finance portfolio, said this was a historic moment as a special session of the Assembly has been called in the interest of farmers. Due to its excellent financial management the BJP government has been able to pay a bonus to farmers simultaneously with the Minimum Support Price, Singh added. The paddy procurement will start fromNovember 1, he said. In the last 15 years under the BJP, the state recorded surplus revenue in 13 years and even the Reserve Bank of India extolled the state's financial management, the chief minister said. The tax and Gross State Domestic Product (GSDP) ratio shows the financial management of a state, and in 2017-18, this ratio for Chhattisgarh was .

Airlines lag climate goals despite fuel efficiency improvement: study

MONTREAL (Reuters) - Airline fuel efficiency on transatlantic flights has improved by one percent a year since 2014 as carriers modernized their fleets, but the industry still lags its own climate goals, according to a study released on Wednesday by the International Council on Clean Transportation.

Gold turns positive as dollar drops on possible Canada NAFTA concession

NEW YORK/LONDON (Reuters) - Gold turned positive on Wednesday as the U.S. dollar weakened against a basket of major currencies after hopes grew of concessions by Canada that would resolve disputes over reworking the North American Free Trade Agreement.

Cabinet approves agreement signing with Egypt on agriculture

The Union Cabinet on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India and Egypt for cooperation in the field of agriculture and allied sectors.