Page 2663 - Business Finance
Argentina peso firms as central bank intervenes, IMF voices support
BUENOS AIRES (Reuters) - Argentina's beleaguered peso bounced back slightly on Friday after the central bank auctioned $250 million in dollar reserves and the International Monetary Fund issued a strong statement of support for President Mauricio Macri's government.
S&P flat, Dow dips as U.S., Canada end trade talks
NEW YORK (Reuters) - The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as trade talks between Canada and the United States concluded without resolution ahead of the Labor Day weekend.
Exclusive: Third Point seeks to tap Campbell Soup board challengers: sources
(Reuters) - Activist investor Daniel Loeb's hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co's board of directors, according to people familiar with the matter.
Petrobras, Total ink deals for Brazil government share of pre-salt oil cargo
RIO DE JANEIRO (Reuters) - Brazil's state-run oil company Petrobras and France's Total on Friday agreed to buy millions of barrels of oil cargo from the Brazilian government, its first successful auction of its share of output from the pre-salt offshore play.
GDP growth will touch 8.5% in Q2: Rajiv Kumar
NITI Aayog vice-chairman Rajiv Kumar on Friday said the country's Gross Domestic Product (GDP) would grow at 8.5 per cent in the next quarter.Speaking to ANI, Kumar said, "The automobile industry has seen a growth of 30 percent. Employment and investment would increase. In the agriculture sector, the previous quarter was 3 per cent. On an average, it was 2.6 per cent about 10-15 years ago. 5.3 per cent growth has been recorded in this quarter. Manufacturing has also seen a good growth of 13 per cent, which will increase. In the next quarter, I predict that GDP growth would be at least 8.5 percent."Expressing happiness on the GDP data for the first quarter of the year (April to June), Kumar said that the numbers were in line with expectations."I have been saying that the growth in the first quarter will be 7.7-7.8 percent. But it came out as 8.2 percent. I am thrilled and the GDP numbers are beyond my expectations. This is a good thing for the common man. It demonstrates that our ...
Oil slips as trade war worries outweigh Iran sanctions
NEW YORK (Reuters) - Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the decline.
Trade deal with U.S. expected to spur Mexican e-commerce
MEXICO CITY (Reuters) - Mexico's fledgling e-commerce market could get a lift from a trade agreement with the Trump administration that doubles the value of goods that can be imported tax-free from the United States, online businesses and experts said.
Gold climbs after U.S.-China trade picture deteriorates
NEW YORK/LONDON (Reuters) - Gold ticked higher on Friday despite a stronger dollar, as investors worried about an escalation in the U.S.-China trade dispute after fresh threats by U.S. President Donald Trump, though bullion was still headed for its fifth straight monthly decline.
World Bank offers 'strong support' for Argentina amid market turbulence
WASHINGTON (Reuters) - The World Bank expressed "strong support" for Argentina on Friday, days before the government of President Mauricio Macri was set to unveil new economic measures in a bid to calm market jitters that sparked a 30 percent dive in the local currency.
Vedanta's Interim CEO Kaura resigns
Natural resources major Vedanta's Interim Chief Executive Officer K.K. Kaura has resigned.
SpiceJet to operate eight new flights from October
Budget passenger carrier SpiceJet on Friday announced the launch of eight new domestic flights effective from October 8.
Coca-Cola takes plunge into coffee with $5.1 billion Costa deal
LONDON (Reuters) - Coca-Cola Co has agreed to buy coffee chain Costa for $5.1 billion to extend its push into healthier drinks and take on the likes of Starbucks and Nestle in the booming global coffee market.
Coca-Cola quickly brews up Costa 'Del Sol' deal with Whitbread
LONDON (Reuters) - The 3.9 billion-pound ($5.1 billion) sale of the Costa coffee chain to Coca-Cola began brewing when Whitbread's boss Alison Brittain crossed paths with the chief executive of the soft drinks giant at a conference in May.
India's forex reserve up $445mn
India's foreign exchange (forex) reserves rose by $445.4 million during the week ended August 24, official data showed on Friday.
Founder sues Papa John's board to stop 'irreparable harm'
WILMINGTON, Del. (Reuters) - The founder and largest shareholder of Papa John's International Inc sued the pizza chain's board and chief executive late on Thursday to stop what he described as "the irreparable harm" they are causing the company, according to a court filing.
Non-subsided LPG cylinder to cost Rs 30.50 more in Delhi
The price of non-subsidised LPG cooking gas will be hiked by Rs 30.50 per cylinder in New Delhi and that of subsidised one by a marginal Rs 1.49, effective September 1.
Argentina peso rises as central bank intervenes, IMF voices support
BUENOS AIRES (Reuters) - Argentina's beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves and the International Monetary Fund issued a strong statement of support for President Mauricio Macri's government.
Wonga collapse leaves Britain's other payday lenders in firing line
LONDON (Reuters) - The collapse of Britain's biggest payday lender Wonga is likely to turn up the heat on its rivals amid a surge in grievances by customers and calls by some politicians for tighter regulation. Britain's poster child of short-term, high-interest loans collapsed into administration on Thursday, only weeks after raising 10 million pounds ($13 million) to help it cope with an increase in compensation claims.
Trade uncertainties bog down Wall Street, Apple offers some relief
(Reuters) - The S&P 500 and the Dow Jones Industrial Average dipped on Friday as jitters over ongoing trade talks between the United States and other major economies weighed, but gains in Apple and Amazon kept Nasdaq slightly higher.
Exclusive: Brazilian leftist meets investors to tame fears of PT return to power
BRASILIA (Reuters) - Fernando Haddad, the Workers Party vice-presidential candidate who could be catapulted to Brazil's presidency if Luiz Inacio Lula da Silva is barred from running, has quietly met with major investors to tame fears of a leftist return to power.