Page 2569 - Business Finance
Q&A: Trump's rhetoric may lead to fairer global trade - Allianz's El-Erian
(Reuters) - The trade battles being pursued by U.S. President Donald Trump's administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe's largest insurer.
Russian economy minister sees rouble firming to 63-64 to dollar in Dec
VLADIVOSTOK, Russia (Reuters) - Russian Economy Minister Maxim Oreshkin said on Wednesday the rouble has "seriously deviated" from fundamental levels but he expected it to firm to 63-64 roubles to the U.S. dollar in December this year.
Wipro gains after joining Duck Creek Technologies' alliance program
Wipro rose 0.59% to Rs 325.25 at 9:30 IST on BSE after the company announced a pact with Duck Creek Technologies to offer a slew of implementation services, related software and data solutions.
Rupee inches closer to 73, hits 72.91/$
Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning.
Motherson Sumi Systems completes 25 years of listing on BSE
Delivers return of 322,881% since its listing
Preview: BOJ to debate trade woes, bond snags as policy seen on hold
TOKYO (Reuters) - The Bank of Japan is set to keep monetary policy steady next week and debate how escalating global trade frictions could undermine its confidence that the export-reliant economy will sustain a moderate expansion thanks to robust world demand.
Market trades higher on bargain hunting
Key benchmark indices were trading higher in early trade. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 90.25 points or 0.24% at 37,503.38. The Nifty 50 index was up 15.25 points or 0.14% at 11,302.75. Gains were triggered by bargain hunting after the market witnessed steep losses in the past few sessions.
Rupee sinks to new low of 72.91, drops 22 paise against USD
The rupee Wednesday collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and uanabated foreign fund outflows. Escalating trade war concerns, consistent dollar demand from banks and importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure, dealers said. On Tuesday, after scaling a historic low of 72.74, the local unit, finally settled day at 72.69, showing a loss of 24 paise, or 0.33 per cent. Brent crude gained 0.35 per cent to quote at USD 79.34 a barrel. It had surged over 2 per cent in Tuesday's trade. Sentiment was also hurt by sustained capital outflows, they added. Meanwhile, the benchmark Sensex was up by 133.29 points, or 0.35 per cent, to 37,546.42 in the opening deals.
Oil prices rise on lower U.S. crude inventories, looming Iran sanctions
SINGAPORE (Reuters) - Oil prices rose on Wednesday following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tightening supplies, with top producer Russia warning of a "fragile" global crude market.
Shares may recover on bargain hunting
Market is seen opening higher on bargain hunting after witnessing steep losses in the past few sessions. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 12.50 points at the opening bell.
Cipla in spotlight after South African regulator's approval for HIV drug
Cipla said it received approval for its HIV treatment combination medicine 'TLD' from the South African Health Products Regulatory Authority (SAHPRA). The drug will be manufactured at Cipla's facilities in Durban and Uganda. The announcement was made after market hours yesterday, 11 September 2018.
Russia warns of 'fragile' oil market due to geopolitics, but says it can raise output
VLADIVOSTOK (Reuters) - Global oil markets remain "fragile" due to geopolitics and production declines in several regions, Russia's energy minister said on Wednesday, but added his country could raise output if needed.
Global Markets: Asia stocks slip to 14-month lows on simmering trade worries
TOKYO (Reuters) - Asian stocks slipped to 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
Global Markets: Asia stocks wobble near 14-month lows on simmering trade worries
TOKYO (Reuters) - Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
In Tesla's shadow, China's NIO prices IPO at low end of target: source
NEW YORK/HONG KONG (Reuters) - Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its U.S. initial public offering on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .
U.S. FCC pauses review of T-Mobile, Sprint merger
WASHINGTON (Reuters) - The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc and Sprint Corp , said on Tuesday it has paused its review clock to give the agency time to analyse new and anticipated submissions from the companies.
Exclusive: U.S. regulators reject Wells Fargo's plan to repay customers - sources
WASHINGTON (Reuters) - U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with the matter told Reuters.
Oil up over two percent on concerns over Iran, slower U.S. output growth
NEW YORK (Reuters) - Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns.
Wall Street gains as Apple, tech rebound; oil lifts energy shares
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.
Wall Street rises as Apple, energy stocks advance
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as Apple Inc led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.