Page 2739 - Business Finance
U.S. Senate passes massive spending bill for defence and domestic programs
WASHINGTON (Reuters) - The U.S. Senate voted overwhelmingly on Thursday for legislation to fund much of the government, including $675 billion for the Department of Defense, as lawmakers worked to minimize the risk of a government shutdown before the fiscal year ends Sept. 30.
U.S. SEC to review decision rejecting bitcoin ETFs
NEW YORK/WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market.
General Mills changing Nature Valley labels after lawsuit's pesticide claim
(Reuters) - General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the pesticide commonly known as Roundup.
Wall Street weighed by new round of U.S.-China tariffs
NEW YORK (Reuters) - Wall Street's major indexes fell on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.
Global Markets: Oil, copper slip as U.S.-China trade fight escalates
NEW YORK (Reuters) - Oil and copper prices edged lower on Thursday as the U.S.-China trade dispute escalated while global equity markets fell as gains in U.S. technology shares failed to offset declines in commodity-related and trade-sensitive stocks.
Fed poised to raise U.S. rates, but maybe not much farther
JACKSON HOLE, Wyo. (Reuters) - Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump's displeasure with such a plan, two policymakers' comments underscored on Thursday.
U.S. stocks drop as trade spat escalates
NEW YORK (Reuters) - Wall Street's major indexes fell on Thursday as trade-sensitive stocks were hit by a new round of tariffs in the trade dispute between the United States and China.
S&P, Dow move lower as trade worries weigh
NEW YORK (Reuters) - The S&P 500 and Dow Industrials moved lower on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the ongoing trade dispute between the United States and China.
MYSUN expands operations in Rajasthan
Online rooftop solar company MYSUN has expanded operations in Rajasthan by starting two projects.
Ghana opposition seeks IMF view on $2 billion Chinese Bauxite deal
ACCRA (Reuters) - Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday.
IndiGo grounds few A320 Neo aircraft, awaits spare engines
Budget passenger carrier IndiGo has grounded some of its A320 Neo aircraft due to non-availability of spare engines from Pratt and Whitney.
US stocks trade lower amid Fed minutes, data
US stocks traded lower on Thursday as investors digested the minutes of Federal Reserve's latest monetary policy meeting as well as a batch of key economic data.
Oil stabilizes, weighed down by trade war
NEW YORK (Reuters) - Oil prices steadied on Thursday as the escalating trade war between the United States and China weighed on demand expectations a day after prices jumped on a big draw in U.S. crude inventories.
Force Motors to acquire Man Trucks India's MP plant
Force Motors will acquire MAN Trucks India's plant at Pithampur, Madhya Pradesh.
Probe report on Kochhar in two-and-half months: ICICI Bank chief
Lending major ICICI Bank Chairman Girish Chandra Chaturvedi on Thursday said the committee holding inquiry into charges of impropriety against the bank's CEO Chanda Kochhar is expected to submit its reports in the next two to two-and-half months.
Gold eases as trade tariffs, rate hike views buoy dollar
NEW YORK/LONDON (Reuters) - Gold prices slid on Thursday, under pressure from a stronger dollar as a prominent U.S. Federal Reserve official reaffirmed the central bank's intention to raise interest rates and punitive trade tariffs between the United States and China kicked in.
Fidelity fund votes backed Tesla, potential sign of more support
BOSTON (Reuters) - Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, and experts said that could indicate further support for Tesla CEO Elon Musk as he looks to take the company private.
U.S.-China talks on trade war resume as new tariffs kick in
BEIJING/WASHINGTON (Reuters) - The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other's goods, even as mid-level officials from both sides resumed talks in Washington.
Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr bid
Lenders of Ruchi Soya have approved the Rs 6,000 crore bid of Adani Wimar to acquire the debt-ridden edible oil firm, sources said. Adani Wilmar and Baba Ramdev's Patanjali group have been engaged in a long-drawn battle to take over Ruchi Soya. Adani Wimar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in favour. The resolution professional will now seek approval from the National Company Law Tribunal (NCLT). Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya. While Adani Wilmar emerged as the highest bidder with Rs 6,000 crore offer, Patanjali group came second with a Rs 5,700 crore bid. Following this, Patanjali Ayurved had also sought clarification from the RP (resolution professional) of Ruchi Soya related to eligibility of Adani Group to participate in the bidding process. It also sought to know the parameters adopted by the RP to declare Adani Wilmar
Wall Street falters as trade worries weigh
(Reuters) - The S&P 500 treaded water on Thursday as gains in technology stocks were offset by declines in commodity-related and trade-sensitive sectors after the U.S.-China trade war escalated with a fresh round of tariffs.