Page 2675 - Business Finance

Wall Street expected to stall, resume gains in 2019: Reuters poll

NEW YORK (Reuters) - Wall Street's longest ever bull run should slow its charge to end the year around current levels as global trade tensions linger and earnings growth weakens, factors that will also limit gains in 2019, a Reuters poll found.

Board of SORIL Infra Resources approves proposal for raising funds up to Rs 210 cr

At meeting held on 30 August 2018

Dilip Buildcon gains after new order win

Dilip Buildcon rose 1.36% to Rs 845 at 09:21 IST on BSE after the company received new EPC project valued at Rs 1698 crore by the Maharashtra State Road Development Corporation in Maharashtra.

Rupee hits record low of 71 per dollar, RBI sells dollars in small amounts

MUMBAI (Reuters) - The rupee fell to a record 71 per dollar in opening trade on Friday, tracking weakness in almost all other Asian peers as the latest round of U.S.-China trade tensions dulled investor risk appetite and gave a boost to the dollar.

Market opens lower

Key benchmark indices were trading lower in early trade amid negative global cues. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 36.32 points or 0.09% at 38,653.78. The Nifty 50 index was down 11.70 points or 0.10% at 11,665.10.

Dilip Buildcon may gain after new order win

Dilip Buildcon has received Letter of Acceptance (LOA) for a new EPC project valued at Rs 1698 crore by the Maharashtra State Road Development Corporation in Maharashtra. The announcement was made after market hours yesterday, 30 August 2018.

Negative global cues may put pressure on domestic stocks

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 12 points at the opening bell.

Global Markets: Asian stocks bruised by Trump's trade war threats

TOKYO (Reuters) - Asian shares came under renewed pressure on Friday as a report U.S. President Donald Trump was preparing to step up a trade war with Beijing sent Chinese stocks lower and partially erased gains made in this week's global rally.

Oil dips on Sino-U.S. trade conflict, but looming Iran sanctions support

SINGAPORE (Reuters) - Oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify, although looming U.S. sanctions against Iran's oil exports prevented markets from falling further.

Growth worries rise as Japan's July factory output falls

TOKYO (Reuters) - Japan's factory output fell for a third straight month in July due to slowing exports of cars and steel and flooding that disrupted production, compounded by global trade tensions that cloud the export-reliant economy's outlook.

Max Life-Axis Bank partnership crosses Rs 10,000 Cr in new business premium

The partnership has now provided financial security to over 15 lakh customers by providing a total individual sum assured of over Rs. 88,960 crore

BlackRock voted to replace Tesla's Musk with independent chairman

NEW YORK (Reuters) - Funds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman.

Asian stocks bruised by Trump's trade war threats

TOKYO (Reuters) - Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports.

BlackRock voted to replace Tesla's Musk with independent board chair

NEW YORK (Reuters) - Funds run by BlackRock Inc voted over Tesla Inc's objections in favour of a shareholder proposal in June that would have required the electric carmaker to replace Elon Musk with an independent board chairman if the motion had not been defeated, a regulatory filing showed on Thursday.

European shares to end 2018 short of January highs: Reuters poll

LONDON (Reuters) - European shares will stage a recovery in what remains of 2018 but fail to push past their January highs, ending the year with a meagre gain and with too little momentum to achieve a better performance in 2019, a Reuters poll showed.

Venezuela arrests 131 accused of economic sabotage

Venezuelan authorities have arrested 131 people accused of attempting to sabotage reforms implemented by President Nicolas Maduro to alleviate a crippling economic crisis, the attorney general has said. Tarek William Saab said yesterday that the arrests included "several managers of large chains" accused of "speculating and hoarding basic products" that are subject to prices fixed by the government. The detainees are accused of trying to "destabilize the economy," Saab added. Of those arrested, 29 have been permitted conditional release and 10 others exonerated. Maduro has launched a raft of reforms aimed at ending four years of recession and arresting hyperinflation the International Monetary Fund predicts will reach one million per cent this year. One of those policies was to fix prices on 25 basic products, including beef, chicken and eggs, all of which have since disappeared from supermarket shelves. The socialist government says the prices were agreed following talks with ...

UK consumers defy Brexit blues, but companies fret: surveys

LONDON (Reuters) - British consumers appear little fazed by the possibility of a no-deal Brexit, but businesses have turned more worried, surveys showed on Friday.

Argentina to announce new economic measures after peso freefall

BUENOS AIRES (Reuters) - Argentina's peso lost as much as nearly one-fifth of its value on Thursday despite the central bank's hiking its benchmark interest rate to a dizzying 60 percent as investors panicked over President Mauricio Macri's handling of an economic crisis.

Amazon to launch food and drink sales in Mexico

MEXICO CITY (Reuters) - Amazon.com Inc will begin selling food and drinks online in Mexico, including snacks, sweets and wines, it said on Thursday, a move that could intensify its competition with Wal Mart de Mexico to claim shoppers in a nascent e-commerce market.

Limited engagement: Top funds backed gunmaker Ruger board despite no talks

BOSTON (Reuters) - Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures to regulators on Thursday showed.