Page 2623 - Business Finance
Global Markets: Emerging market woes weigh on stocks, China deadline looms
NEW YORK (Reuters) - Emerging market stocks led declines in indexes across the globe on Wednesday as investors positioned themselves more defensively while a deadline in the U.S.-China trade conflict loomed and U.S.-Canada trade talks resumed.
Nasdaq ends down more than 1 percent as tech shares fall
NEW YORK (Reuters) - The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before sceptical U.S. lawmakers.
Exclusive: Chinese e-commerce portal Yunji Weidian taps banks for U.S. IPO - source
(Reuters) - Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday.
US stocks trade mixed amid tumbling tech shares
US stocks traded on a mixed note on Wednesday as tech shares slid, dragging the market.
Oil falls more than 1 percent as storm fears ease, demand concerns mount
New York (Reuters) - Oil prices fell more than one percent on Wednesday after a U.S. Gulf storm weakened and moved away from oil-producing areas and as concerns mounted about global trade disputes and Turkey's currency crisis hurting demand.
Exclusive: Tribune Media in new sale talks after Sinclair deal collapse-sources
(Reuters) - U.S. TV station owner Tribune Media Co is kicking off a new round of talks to sell itself after its planned $3.9 billion sale to peer Sinclair Broadcast Group Inc failed to get regulatory clearance, people familiar with the matter said on Wednesday.
Exclusive: China's Dalian Wanda seeks to reduce AMC stake -sources
(Reuters) - Chinese billionaire Wang Jianlin's real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc, the world's largest cinema operator, people familiar with the matter said.
ISHRAE-Danfoss to focus on energy efficient building in hospitality, healthcare
The Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) and energy efficient solutions major Danfoss India will focus on energy efficient buildings in healthcare and hospitality sectors this year, said a statement.
Exclusive: China's Dalian Wanda seeks to reduce AMC stake - sources
(Reuters) - Chinese billionaire Wang Jianlin's real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc, the world's largest cinema operator, people familiar with the matter said.
Uber 'on track' for IPO in 2019, no plans to sell tech unit: CEO
NEW YORK (Reuters) - Uber Technologies Inc Chief Executive Dara Khosrowshahi said on Wednesday the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm.
India to surpass Brazil as top sugar producer, eyes bigger export share
MUMBAI/SAO PAULO (Reuters) - India will surpass Brazil as the world's top sugar producer next year, with the South American country losing its lead for the first time since the 1990s as its mills allocate increasingly more cane for ethanol production and as low investments dent cane yields.
Gold edges higher as dollar rally takes a breather
LONDON (Reuters) - Gold prices rose on Wednesday from an 11-day low in the previous session as a U.S. dollar rally faltered.
India's August imports of Iran oil down a third month-on-month: sources
NEW DELHI (Reuters) - India imported about 523,000 barrels per day (bpd) of oil from Iran in August, down 32 percent on a month earlier, preliminary tanker arrival data showed, as the United States steps up pressure on buyers to halt Iranian energy imports from November.
Nasdaq slumps as Facebook, Twitter weigh on tech stocks
(Reuters) - The Nasdaq tumbled on Wednesday, on pace for its biggest one-day drop in three weeks, as investors sold off technology stocks on concerns stemming from U.S. lawmakers grilling Twitter and Facebook executives over foreign efforts to tilt U.S. politics.
External factors behind rupee's devaluation: Jaitley
Finance Minister Arun Jaitley on Wednesday said the recent trend in the Indian rupee's devaluation has been caused due to external factors.
ONGC Videsh adopts 'wait and watch' policy on Iran investment
NEW DELHI (Reuters) - ONGC Videsh has adopted a 'wait and watch' policy on investment in Iran's gas field, the company's co-managing director said. The company sees South Sudan project's oil output rising to 20,000 barrels per day (bpd) of oil by end 2018 from 7,000-8,000 bpd now.
Telangana records 22% growth rate in first 5 months
Telangana has achieved 21.96% growth rate in the first five months of current financial year, the state government said on Wednesday.
Global factors behind Re fall, no need for knee-jerk reaction: Jaitley
Finance Minister Arun Jaitley Wednesday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He further said the Reserve Bank is doing whatever is necessary to deal with the situation. The rupee's unabated fall continued for the sixth straight session Wednesday as it hit yet another closing low of 71.75 against the US dollar, tumbling 17 paise. The battered rupee has lost 165 paise in the last six trading sessions. "If you look at the domestic economic situation and the global situation, there are virtually no domestic reasons which are attributable to this. The reasons are global. "I don't think there is any need for the world's fastest growing economy to come out with panic and knee-jerk reactions," he said while replying to questions regarding the fall in rupee. Jaitley further said the dollar has strengthened against almost every other currency and added that the rupee has consistently either strengthened or remained in a ...
Jaitley slams UPA, says NDA inherited 11 per cent inflation
Finance Minister Arun Jaitley on Wednesday said the NDA government has consistently managed a four per cent inflation during its rule compared to 11 per cent inflation it inherited from the UPA and BJP leaders were fully justified in their criticism of the previous government over price rise.
No need for knee jerk reaction due to high crude oil prices: Jaitley
Finance Minister Arun Jaitley on Wednesday said that there was no need for a "knee jerk" reaction due to high prices of global crude oil.