Page 2758 - Business Finance
Italy state lawyers find no grounds to void Ilva tender: sources
MILAN (Reuters) - Italy's state lawyers have found no grounds to void a tender to sell the Ilva steel plant to industry giant ArcelorMittal, two sources familiar with the matter said on Wednesday.
Board of Inventure Growth & Securities approves change in directorate
At meeting held on 21 August 2018
iPhone parts supplier AAC reports rare fall in quarterly profit
HONG KONG (Reuters) - AAC Technologies Holdings Inc, an acoustic components supplier to Apple Inc, said on Wednesday quarterly net profit declined for the first time in nearly four years, bruised by a sluggish smartphone market.
Gold climbs to 1-week high on dollar weakness; U.S. Fed minutes awaited
BENGALURU (Reuters) - Gold prices hit a one-week high on Wednesday and inched closer to the key $1,200 level as the dollar remained weak on U.S. President Donald Trump's criticism of the Federal Reserve and ahead of minutes from the central bank's August meeting.
Two U.S. airlines cut China routes as state-backed rivals turn up heat
DENVER/SHANGHAI (Reuters) - Two U.S. airlines on Tuesday cut routes between China and the United States, underscoring increasingly tough competition from state-backed Chinese rivals as they aggressively expand their fleets with cut-price tickets.
India seeks revision in gas price from TAPI pipeline
India has sought re-negotiation of the natural gas price it is to source through a proposed USD 10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline in view of the slump in global energy markets, a top source said. The four nations to the pipeline projects had in 2013 signed a gas sale purchase agreement (GSPA) that benchmarked the price of natural gas that Turkmenistan is to export at 55 per cent of the prevailing crude oil price. This translates into a price of about USD 7.5 per million British thermal unit (mmBtu) at current oil prices at the Turkmen border. Added to this would be transit fee and transportation charges which would jack up the rates to over USD 10.5 per mmBtu at the Indian border, the source said. For a consumer, the price would be around USD 13 per mmBtu after adding local taxes and transportation charges. "This rate in the present global energy scenario is unacceptable. And so taking into cognizance of the current gas market, India has proposed for ..
Most Asian shares edge up after Wall St gains, but China down
SHANGHAI (Reuters) - Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street's rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black.
Trump's latest round of China tariffs coming this week
US President Donald Trump's administration is moving forward with its latest round of 25 percent tariffs on $16 billion worth of Chinese goods this week while trade talks continued between mid-level officials from the two countries here.
IOC to invest over Rs 37,000 cr in TN
Energy major Indian Oil Corporation (IOC) will be investing about Rs 7,112 crore in infrastructure facilities in Tamil Nadu over the next three years, said a senior official.
Tokyo stocks open lower
Tokyo stocks opened marginally lower on Wednesday as investors took a wait-and-see approach ahead of US-China trade related talks and the results of the US Federal Reserve's annual symposium later this week.
Oil rises on U.S. crude inventories, Iran sanctions worries
SEOUL (Reuters) - Oil prices rose on Wednesday, supported by a drop in U.S. crude inventories, while a potential shortfall of Iranian oil from November due to U.S. sanctions added to the positive tone.
Global Markets: Asian shares flat as drop in S&P 500 futures weighs
SHANGHAI (Reuters) - Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S&P 500 index touching a record high on Tuesday, and as lower-level trade talks between the U.S. and China due this week boost hopes of easing trade tensions.
Gold hits one-week high as dollar sags on Trump's Fed attack
BENGALURU (Reuters) - Gold prices hit a fresh one-week high on Wednesday amid ongoing weakness in the dollar following U.S. President Donald Trump's attack on the Federal Reserve over interest rates.
US dollar declines against most major currencies
The US dollar decreased against most major currencies amid outlook of less aggressive stance of central bank of the US.
Japan, China seek to restart, expand forex swap line in sign of warming ties
TOKYO (Reuters) - Japan and China are in talks to resume a currency swap arrangement between their central banks and expand it roughly 10-fold, people with direct knowledge of the matter said, in a sign of warming ties between Asia's two biggest economies.
Banks should not assume fraud victims are at fault - UK watchdog says
LONDON (Reuters) - Banks should not assume that customers have been negligent when they fall for scams peddled by increasingly sophisticated fraudsters, Britain's financial ombudsman said on Wednesday.
S&P 500 touches record high, equals longest-ever bull run
NEW YORK (Reuters) - The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China.
Venezuela devalues bolivar by 96 per cent under new rate: central bank
Venezuela's government has devalued the bolivar by 96 per cent under a new exchange rate announced by the central bank as it desperately tried to steer a way out of its economic crisis. The announcement yesterday comes a day after new banknotes stripped of five zeroes entered circulation as part of a radical plan by President Nicolas Maduro to curb hyperinflation, though business leaders criticised the move as counterproductive. The Central Bank of Venezuela set the rate at 68.65 of the new "sovereign bolivars" to the euro, equivalent to around 60 bolivars per dollar. The previous rate was equivalent to some 2.48 sovereign bolivars to the dollar. Expressed in the previous "strong bolivar" currency in effect until Monday, it amounts to a hike from 248,210 to 6,000,000 to the dollar. After days of nervousness over the conversion to the new currency, businesses in the capital Caracas returned to a semblance of normality yesterday after a public holiday on Monday. Some businesses remained
Oil hits one-week high as Iran-driven rally gathers pace
NEW YORK (Reuters) - Oil rose to its highest level in a week on Tuesday, buoyed by the prospect of U.S. sanctions on Iran, though the trade dispute between Washington and Beijing kept traders and analysts cautious.