Page 2738 - Business Finance
Ashok Leyland wins tender for defence tracked combat vehicles
To collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai
Japan Nikkei rises on softer yen
US and Chinese officials ended two days of talks on Thursday with no major breakthrough. Meanwhile their trade war escalated with activation of another round of duelling tariffs on US$16 billion worth of each country's goods.
Australia Market recoups 0.26%
U.S. Fed Chair Jerome Powell and other central bankers will meet at Jackson Hole later on Friday to discuss the root causes of stubbornly low inflation, slow wage growth and tepid productivity gains. U.S. President Donald Trump reiterated his displeasure with the Fed's rate hikes earlier this week and investors waited to see whether Powell would respond to such criticism.
Market drifts lower in early trade
Stocks nudged lower in early trade. At 9:18 IST, the barometer index, the S&P BSE Sensex, was down 27.13 points or 0.07% at 38,309.63. The Nifty 50 index was down 13.70 points or 0.12% at 11,569.05.
Oil edges up on Iran sanctions, but U.S.-China row mutes trading
SINGAPORE (Reuters) - Oil prices rose on Friday on expectations that U.S. sanctions on Iran will cut significant volumes of crude from the market towards the end of the year, but trading was muted due to the unresolved trade dispute between Washington and Beijing.
Global Markets: Asia slips after US-China trade talks end without progress, Powell eyed
TOKYO (Reuters) - Asian stocks fell on Friday after U.S.-China trade talks ended without progress, with the markets braced for a speech by Federal Reserve Chairman Jerome Powell for hints on the direction of U.S. monetary policy.
Equity indices open flat on weak global cues
The key Indian equity indices opened on a flat note on Friday, tracking broadly negative cues in the global markets.
Rupee extends weakness against US dollar, slips 13 paise
The rupee weakened by 13 paise to 70.24 against the US dollar in opening trade today on increased demand for the American currency from importers and banks. Forex dealers said a firm dollar in overseas markets, ahead of Federal Reserve Chairman Jerome Powell speech at the annual global central bank conference in Jackson Hole later in the day, weighed on the rupee. Yesterday, the domestic currency had lost 30 paise to end at 70.11 against the greenback due to renewed worries about a hike in US interest rates and rising global trade war jitters. Meanwhile, the benchmark BSE Sensex retreated from record high by falling 48.88 points, or 0.13 per cent, to 38,287.78 in early trade today.
Britannia Industries in spotlight after board OKs stock split
Britannia Industries announced that its board approved sub-division of equity shares of the company from the existing face value of Rs 2 per equity share to face value of Re 1 per equity share. The announcement was made after market hours yesterday, 23 August 2018.
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 22 points at the opening bell.
Global Markets: Asia stocks track Wall Street lower, dollar buoyant; Powell in focus
TOKYO (Reuters) - Asian stocks tracked Wall Street losses and edged down in early trade on Friday, but the dollar was buoyant after ending a long losing run ahead of a speech by Federal Reserve Chairman Jerome Powell.
Japan's inflation stalls, cuts in smartphone fees may threaten BOJ goal
TOKYO (Reuters) - Japan's annual consumer inflation stalled in July and government pressure on carriers to cut smartphone charges could undercut prices ahead, further hindering the central bank's efforts to achieve its elusive price target.
Tokyo stocks open higher
Tokyo stocks opened higher on Friday as investor sentiment was brightened by the yen's softer tone versus the US dollar which lifted exporters.
Oil markets muted as U.S.-China trade war remains unresolved
SINGAPORE (Reuters) - Oil markets were steady on Friday as the unresolved trade dispute between Washington and Beijing muted activity.
Alibaba 'ready' for trade war with US
Chinese e-commerce giant Alibaba on Thursday said that the company is ready for a possible trade war with the United States, adding that it would not only survive the fight but will also thrive. This comes after the company reported its total earnings for the year."If US goods become too expensive due to tariffs, Chinese consumers can shift to domestic producers or imports from other parts of the world," CNN Money quoted Alibaba (BABA) Vice Chairman Joseph Tsai, as saying to analysts during an earnings conference call.However, Tsai clarified that Alibaba does not want a trade war, as this would further deteriorate trade talks. He also said that the e-commerce giant would not face any difficulty in finding other markets for its products if the US becomes a tougher place for business."In terms of our international expansion, the world is a big place. We have made substantial progress in emerging markets like Southeast Asia and South Asia as these markets are ripe for us to add more ...
Gold steady, but rate hike views could dampen appeal
BENGALURU (Reuters) - Gold prices held firm on Friday, after falling nearly 1 percent in the previous session and sentiment for the yellow metal remained negative amid an outlook for rising U.S. interest rates.
Japan July inflation stagnates, lacks demand-driven support
TOKYO (Reuters) - Japan's core consumer prices rose 0.8 percent in July from a year earlier, unchanged from the previous month's gain, adding to evidence the central bank is making little headway in achieving its elusive 2 percent price target.
US dollar ticks up on expected hike of interest rate
The US dollar rose substantially as US central bank looks willing to crank up interest rate despite political pressures.
Fed policymakers see rate hikes, blurring dove-hawk divide
JACKSON HOLE, Wyo. (Reuters) - Increasing consensus at the Federal Reserve on the need to continue raising U.S. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment.