Page 2784 - Business Finance
Global cues to dominate market sentiment this week, say experts
Trade talks between China and the US, movement of Turkish lira and rupee would take centre stage this week and dictate the trend in the equity markets, say experts. "This week seems positive. On the macro front, investors are expecting a positive outcome of the trade talks between Chinese delegation and the US, to be held on 22nd and 23rd August," said Gaurav Jain, Director, Hem Securities. "It will be important to watch developments of recent fresh talks between the US and China and crude oil movement. Any rebound in Turkish lira and cooling off in the relations of the US and Turkey will bring some relief for INR in short term," said Mustafa Nadeem, CEO, Epic Research. Also, Federal Open Market Committee (FOMC) minutes on Wednesday will be watched. "Result season is over so now market will move as per global equities. Stock specific moves expected this week with range bound market," said Rahul Sharma, Senior Technical Research Analyst, Equity99. Over the last week, the Sensex ...
Sony Music disburses $750 mn to artistes
Sony Music has begun to distribute the $750 million in profit it collected from the April sale of 50 per cent of its Spotify shares to the artistes and distributed labels within the Sony system.
Brazil's Marfrig to sell U.S. unit to Tyson for $2.5 billion - sources
SAO PAULO (Reuters) - Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald's supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday.
Global Markets: Stocks edge higher as Turkey worries offset U.S.-China trade talks
NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.
Thyssenkrupp's interim chairman says structure is not sacrosanct - Focus
FRANKFURT (Reuters) - Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.
Jet Airways in talks to sub-lease aircraft to regional carrier
BENGALURU/NEW DELHI (Reuters) - India's Jet Airways Ltd is in talks to sub-lease nearly half its ATR turboprop aircraft to regional carrier TruJet, in a move that will reduce its presence in the competitive domestic market as the beleaguered airline struggles to raise money.
SEC says it continues to study frequency of company reporting
WASHINGTON (Reuters) - The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to semiannual reports, SEC Chairman Jay Clayton said on Friday.
Walmart asks some beauty suppliers to consider sourcing outside of China
(Reuters) - Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
S&P lowers Turkey's credit rating deeper into junk territory
ISTANBUL (Reuters) - Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year, adding to the country's woes as it deals with a currency crisis.
Oil rises in session, but has weekly loss on trade worries
NEW YORK (Reuters) - Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil.
Musk's tunnel-boring firm seeks U.S. tariff exemption for Chinese parts
WASHINGTON (Reuters) - A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.
Wall Street surges on news of trade progress
NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial average extended earlier gains and the Nasdaq turned positive on Friday on reports of potential progress in easing trade tensions between the United States and its trading partners.
Gold gains, but set for biggest weekly loss in over a year
NEW YORK/LONDON (Reuters) - Gold recovered some ground on Friday as a weakening U.S. dollar relieved pressure on prices, but the precious metal remained near 19-month lows and looked poised for its biggest weekly drop since May 2017.
Turkey's lira weakens 4 percent, Trump says won't take pastor's detention 'sitting down'
ISTANBUL (Reuters) - Turkey's battered lira weakened 4 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".
Venezuela launches crypto-pegged forex rate, effectively devaluating by 96 percent
CARACAS (Reuters) - Venezuela's president Nicolas Maduro announced on Friday a single exchange rate and pegged it to his socialist government's petro cryptocurrency, effectively devaluating by 96 percent.
Goldman faces U.K. probe over reporting practices: Bloomberg
(Reuters) - Goldman Sachs Group Inc is facing a probe from U.K. regulators over its reporting practices tied to new rules in European markets, Bloomberg reported on Friday, citing people with knowledge of the matter.
Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'
ISTANBUL (Reuters) - Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".
Analysis: Kill quarterly reporting? Some investors ring alarm bells
NEW YORK (Reuters) - Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.
Wall Street jumps on news of trade progress
NEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial average extended gains and the Nasdaq turned positive on Friday on reports of progress in talks between the United States and China and other trading partners.
Stocks edge higher as Turkey worries offset U.S.-China trade talks
NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.