Page 2752 - Business Finance

Trump, trade, Fed take sheen off S&P's record day

(Reuters) - The S&P 500 marked its longest bull-market run on Wednesday, but stocks were largely flat ahead of trade talks and the Federal Reserve's minutes, with investors worrying about the impact of the legal woes of two ex-advisers on President Donald Trump.

VW in talks to sell stake in used car platform Heycar to Daimler

FRANKFURT (Reuters) - Germany's Daimler is in advanced talks to buy a stake in Heycar https://hey.car, a used-car portal set up last year by its bigger German rival Volkswagen, a spokesman for Volkswagen Financial Services said on Wednesday.

Oil jumps over 2 percent on big U.S. crude draw, Iran sanctions

NEW YORK (Reuters) - Oil prices rose more than 2 percent on Wednesday, with Brent crude futures hitting a two-week high, after U.S. government data showed a larger-than-expected draw in domestic crude inventories and as Washington's sanctions on Iran signaled tightening supplies.

Blackstone explores $1 billion-plus sale or IPO of auto lender Exeter: sources

NEW YORK (Reuters) - Private equity firm Blackstone Group has hired investment banks to study a possible sale or an initial public offering (IPO) of sub-prime auto lender Exeter Finance, sources familiar with the matter said on Wednesday.

Amazon starts selling fashion, sportswear in Brazil

SAO PAULO (Reuters) - Amazon.com Inc said on Wednesday it will start selling sportswear and clothing on its Brazilian site, bolstering the list of products that third party vendors offer on its local e-commerce marketplace.

U.S. sanctions fears push rouble towards two-year low

MOSCOW (Reuters) - The rouble weakened towards its lowest in more than two years on Wednesday as traders priced in the risk of more U.S. sanctions and foreign currency purchases by the Russian central bank took their toll.

Goldman Sachs secures $1.5 billion sale, leaseback of London HQ

LONDON (Reuters) - Goldman Sachs said on Wednesday it had sold its new, unfinished European headquarters in London to South Korea's National Pension Service for 1.17 billion pounds ($1.49 billion) before moving staff to the site next year.

Global Markets: Dollar, Treasuries yields fall on Trump woes

NEW YORK (Reuters) - Benchmark U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar weakened further on Wednesday as investors assess how a conviction and a guilty plea of two former advisers impact U.S. President Donald Trump.

China's Geely sees minimal impact from U.S.-China trade row, 2018 sales jump

BEIJING (Reuters) - China's Geely Automobile Holdings Ltd shrugged off intensifying China-U.S. trade frictions on Wednesday, saying that it was likely to beat its 2018 sales targets and would push ahead with global expansion plans.

S&P edges higher amid caution on Trump, trade and Fed

(Reuters) - The S&P 500 marked its longest bull-market run with slight gains on Wednesday, although caution prevailed ahead of trade talks, the Federal Reserve's minutes and the threat to President Donald Trump's position due to the legal woes of two ex-advisers.

CPI-M to raise funds for Kerala

In a bid to raise money to be sent to the people of flood-ravaged Kerala, the West Bengal CPI-M will hold a 'fund collection day' across the state on August 25, a party leader said on Wednesday.

Global Markets: Trump legal woes and trade talks cause nerves while EM enjoys respite

LONDON (Reuters) - Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump's political position was threatened by two former advisers' legal woes, while the U.S. dollar headed for its sixth straight day of losses.

Air India grappling with unsustainable debt, legacy issues: Prabhu

The airline is staying afloat on a bailout package extended by the previous UPA regime in 2012

Corrected: Trump legal woes and trade talks cause nerves while EM enjoys respite

(Corrects para 1 to remove word "convictions". Error also appeared in earlier versions of report.)

Corrected: Wall Street opens slightly lower on Trump legal woes

(Reuters) - U.S. stocks opened lower on Wednesday after President Donald Trump's political position was threatened by the legal woes of two former advisers and on caution ahead of U.S.-China trade talks and the Federal Reserve's minutes.

Target posts best comparable sales growth in 13 years, shares hit record

(Reuters) - Target Corp reported its best comparable-sales growth in 13 years and said a strong economy lifted customer visits to the most in a decade, sending its stock to a record high on Wednesday.

Airtel starts international roaming service for Rs 196 onward

Telecom major Bharti Airtel today launched international roaming packs starting from Rs 196 for its pre-paid customers for 20 countries, including the US, the UK and China. The packs offer limited local calling, incoming calls and outgoing calls to India, according to a company statement. "Starting as low as Rs 196, these voice call packs are available for most popular travel destinations...with these packs customers will now be able to make and receive free local calls and outgoing calls to India," Airtel said in a statement. Customers have the option of choosing from three voice calling packs, starting at Rs 196 for 20 minutes with seven days validity, followed by Rs 296 for 40 minutes and Rs 446 for 75 minutes with 30 days and 90 days validity. The plans will be available to customers travelling to UAE, Nepal, Bangladesh, Saudi Arabia, Qatar, Kuwait, Malaysia, Singapore, Sri Lanka, Bahrain, Canada, Germany, Australia, Hong Kong, France, Netherlands and Thailand as well. Happy to ...

Info Edge to invests Rs 2.64 cr in Medcords

Naukri.com owner Info Edge has invested Rs 2.64 crore in digital medical platform Medcords to buy 11.37 per cent stake, according to a regulatory filing. "The company has invested through its wholly-owned subsidiary about Rs 2.64 crore in Medcords Healthcare Solutions Private Limited," Info Edge said in the filing. Medcords facilitates remote consultations, follow-up consultations with doctors and digitisation of user's medical records etc. "The aggregate shareholding of the company, after this initial investment, in the said entity would be 11.37 per cent on fully converted and diluted basis post completion of fund raise excercise with other investors," Info Edge said. * * * * Telecom Secy inaugurates Ericsson's experience centre in Gurugram * Telecom Secretary Aruna Sundararajan along with Ambassador of Sweden to India Klas Molin today inaugurated Ericsson's experience centre, Ericsson Studio, in Gurugram that will showcase futuristic 5G and IoT use cases, the company today ...

SpiceJet announces new flight between Hyderabad and Bangkok

Budget carrier SpiceJet today announced the launch of a daily direct international flight between Hyderabad and Bangkok. In the domestic sector, the airline announced daily direct flights between Hyderabad and Guwahati, and between Guwahati and Patna. The flights will begin operation from October 10, SpiceJet said in a statement. "The inaugural fare on the domestic routes are as low as Rs 3,099 whereas on the international route of Hyderabad-Bangkok the inaugural fare for the to and fro journey is Rs 9,999 and Rs 8,299 respectively," the statement read. "We see immense potential in these routes and are proud to be the only Indian carrier to provide direct connectivity between Hyderabad and Bangkok," the statement said, quoting chief sales and revenue officer of the airline Shilpa Bhatia. According to the statement, the flight to Bangkok will leave from Hyderabad at 4.30 pm and reach there 9.40 pm. It will leave from Bangkok at 10.40 pm and arrive Hyderabad at 1.40 am. SpiceJet ...

Prataap Snacks to acquire 80% stake in Avadh Snacks for Rs 148 crore

Prataap Snacks today said it will acquire 80 per cent stake in Gujarat-based Avadh Snacks for a consideration of Rs 148 crore. This would be through a combination of primary and secondary investment, Prataap Snacks said in a statement. Commenting on the development Prataap Snacks MD & CEO Amit Kumar said: "Our acquisition of Avadh will help us accelerate our growth and deepen our presence in the key market of Gujarat." Avadh Snacks is engaged in the manufacturing of namkeens under brand name Avadh. It has presence in the market of Gujarat and is expanding in Maharashtra and Rajasthan.