Page 3027 - Business Finance
Foreigners bought Asian equities in July for first time in 6 months
(Reuters) - Foreign investors were net purchasers of Asian equities for the first time in six months in July, helped by strong earnings growth and efforts by the United States and Europe to resolve differences over trade, though worries heightened this week of a trade war between the United States and China.
Analysis: For emerging market investors, U.S. sanctions on Russia will not pack same punch
LONDON/NEW YORK (Reuters) - A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow's slide down the investment league table in recent years means the move will not pack the punch it once would have.
On-device AI, Cloud to drive our consumer business growth: Huawei
After posting robust growth in its smartphone and wearables shipments in the first half of this year, a top executive of Chinese tech conglomerate Huawei on Friday said the company would focus on on-device Artificial Intelligence (AI) capabilities and Cloud ecosystem to drive its consumer business growth.
Amazon forays into Australia with small loss
SYDNEY (Reuters) - Online retail giant Amazon.com Inc , whose entry into Australia last year rattled established bricks-and-mortar retailers, posted a modest loss in its earliest days in the country, corporate filings show.
World stocks drift lower on trade worries, Italian bonds sell off on government tensions
LONDON (Reuters) - World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country's banks sold off on signs of renewed government tensions in Rome.
Jet Airways (India) Ltd leads losers in 'A' group
Chennai Petroleum Corporation Ltd, K E C International Ltd, Nestle India Ltd and Time Technoplast Ltd are among the other losers in the BSE's 'A' group today, 03 August 2018.
STI India Ltd leads losers in 'B' group
Kanani Industries Ltd, Khaitan (India) Ltd, Ganges Securities Ltd and Geojit Financial Services Ltd are among the other losers in the BSE's 'B' group today, 03 August 2018.
Over 30,000 new posts in railways
The Indian Railways has added as many as 32,000 new posts for permanent recruitment, taking the total to 1,32,646 vacancies that are currently being filled in the national transporter. Railway Minister Piyush Goyal told the Rajya Sabha during the Question Hour that of the total vacancies as many as 62,907 vacancies are for safety-related activities in level-1 (erstwhile Group D) posts that are being filled by railways. "The current recruitment being made by Indian Railways is to the tune of 99,000 jobs and only yesterday, we have notified 32,000 new vacancies. The process of filling up 1,32,646 vacancies is currently underway in railways. All these are permanent jobs," he said. The minister also said that railways is purchasing new machinery worth Rs 7,000 crore during the current year and this will be enhanced to Rs 13,000 crore worth machinery for improving rail infrastructure in the country. He said this was against Rs 300 crore spent on machinery earlier. "In the ...
Gold bounces back on jeweller-buying; silver remains weak
Gold prices recovered by Rs 50 to Rs 30,485 per 10 grams at the bullion market today on pick up in buying by local jewellers, shrugging off a weak trend overseas. Silver, however, remained under selling pressure and slipped below the Rs 39,000-mark by falling Rs 150 to Rs 38,850 per kg. Traders said fresh buying by local jewellers at the domestic spot market led to the recovery in gold prices, but a weak trend overseas capped the rise. Globally, gold fell 0.05 per cent to USD 1,206.50 an ounce and silver shed 0.03 per cent to USD 15.28 an ounce in Singapore. A depreciating rupee against the dollar made imports of gold costlier, which supported the uptrend, they said. In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 50 each to Rs 30,485 and Rs 30,335 per 10 grams, respectively. It had lost Rs 365 in yesterday's trade. Sovereign gold, however, remained flat at Rs 24,600 per piece of eight grams. On the other hand, silver ready drifted further down .
Volumes jump at Sheela Foam Ltd counter
Sheela Foam Ltd witnessed volume of 1.25 lakh shares by 14:14 IST on NSE, a 15.67 times surge over two-week average daily volume of 7948 shares
Emerging market flows rebound but second quarter inflow a tenth of first quarter: IIF
LONDON (Reuters) - Investors pumped $11.9 billion into emerging stocks and bonds in July, reversing some of June's hefty outflows, according to the Institute for International Finance (IIF).
Britain's RBS announces first dividend in a decade
LONDON (Reuters) - Britain's Royal Bank of Scotland will pay its first dividend since its near-collapse and state bailout in 2008, paving the way for the government to further reduce its stake in the lender.
Exclusive: Deutsche Bank reports show chinks in money laundering armour
FRANKFURT (Reuters) - Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.
China's Huawei eyes smartphone summit after passing Apple
China's Huawei today said it could replace Samsung as the world's top smartphone maker by late next year, just days after data showed it surpassed Apple for the number-two spot despite being essentially barred from the key US market. The chief of Huawei's consumer division, Richard Yu, made the remark at the release of business results for the first half of 2018, during which unlisted Huawei said it shipped more than 95 million smartphones, an increase of about 30 percent. "It's no question that we become the number two next year. In Q4 next year it's possible we become number one," Yu said in Shenzhen, the southern Chinese city where Huawei is based. He added that "the past six months have been incredible". Huawei took second place from Apple in a tightening global smartphone market during the second quarter, according to figures released Tuesday by tech-industry trackers International Data Corporation (IDC). South Korean titan Samsung remained on top in April-June, shipping 71.5 ...
Oil futures edge lower on longer-term bearish factors
LONDON (Reuters) - Oil prices were down on Friday as the market re-focused on bearish longer term factors following a bounce in the previous session as U.S. crude inventories in a key hub fell to their lowest in nearly four years.
Sensex, Nifty extend intraday gains
The market extended gains and hit fresh intraday high in mid-afternoon trade. At 14:16 IST, the barometer index, the S&P BSE Sensex, was up 336.45 points or 0.91% at 37,501.61. The Nifty 50 index was up 96.75 points or 0.86% at 11,341.45.
Sun Pharma Advanced Research Company allots 50 lakh equity shares
On conversion of warrants
Heineken, China Resources Beer seal $3.1 billion tie-up in premium brands push
HONG KONG/SHANGHAI (Reuters) - Heineken NV is buying a $3.1 billion stake in the firm controlling China Resources Beer, China's largest brewer, as the companies seek to tap a growing thirst for premium brands in the world's biggest beer market.
India leads in Sembcorp's capital expenditure
India has emerged a strong market for Sembcorp Industries (SCI) with capital expenditure during the first half of this year totalling SGD 200.65 million, or 49 per cent of SGD410.07 million. Comparatively, SCI's second highest spending was in Singapore at SGD 144.16 million, or 35 per cent of the total, according to latest financial report released today. India has also become the second largest asset base for SCI, totalling SGD 6.33 billion, or 27 per cent of the total SGD22.82 billion. SCI still holds highest assets in Singapore at SGD 9.535 billion, or 42 per cent of the total. Given the strong investment opportunities, India now ranks SCI's third largest market, having generated a revenue of SGD 924.76 million or 15 per cent of the total USD 6.1 billion for half year ended 30 June, 2018. SCI generated SGD 2.076 billion, or 34 per cent, of the total revenue from Singapore and SGD 1.08 billion, or 18 per cent, from Rest of Europe for the first six months of this year. SCI's ...
Risk of no-deal Brexit 'uncomfortably high': BoE governor
Bank of England Governor Mark Carney today warned that the possibility of a no-deal Brexit was "uncomfortably high" and "highly undesirable" but still "unlikely" compared to other outcomes. "The possibility of a no-deal is uncomfortably high at this point," Carney told BBC radio. Carney, who is due to step down next year after Britain leaves the European Union as scheduled in March, said no-deal was "a relatively unlikely possibility but it is a possibility". Brexit negotiations are "entering a critical phase", he said, speaking ahead of a meeting between British Prime Minister Theresa May and French President Emmanuel Macron later today. Carney said Britain's financial system would in any case be able to "withstand the shock" as banks have increased capital and liquidity and contingency plans have already been put in place. "We've already done the stockpiling," he said. "Our job is to look at what could go wrong, what are the bad outcomes that could happen... so it lessens the impact