Page 3032 - Business Finance
Oil edges lower as supply concerns return
TOKYO (Reuters) - Oil prices edged lower on Friday after strong gains the previous day, easing on persistent supply concerns as Russia increased production in July and Saudi Arabia cut the price of crude for its Asian customers.
Market may rise on bargain hunting
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 43 points at the opening bell on bargain hunting after a recent sell off.
ONGC may head north after strong Q1 outcome
ONGC reported 58.15% rise in net profit to Rs 6143.88 crore on 39.47% rise in total income to Rs 27862.71 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 2 August 2018.
Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge
HONG KONG/SHANGHAI (Reuters) - Heineken NV has struck a $3.1 billion partnership with a company that controls China's largest brewer, China Resources Beer Co Ltd, as the two firms seek to tap a growing thirst for premium brands in the world's biggest beer market.
Apple breaches $1 trillion stock market valuation
SAN FRANCISCO (Reuters) - Apple Inc on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
Patience pays off for decades-long Apple shareholders
NEW YORK (Reuters) - Donna Fenn bought shares of Apple Inc in the 1980s on the recommendation of a stockbroker a good friend of hers was dating. She'd heard of the company because its co-founder Steve Jobs had appeared on the cover of the magazine she worked for.
Apple CEO calls $1 trillion value a "milestone" but not a focus
(Reuters) - Apple Inc Chief Executive Tim Cook said on Thursday that the iPhone maker's $1 trillion market capitalization was "not the most important measure" of the company's success but was instead a result of its focus on its products, customers and company values.
Bank of Japan policymakers at logger-heads addressing weak prices, rising stimulus cost
TOKYO (Reuters) - Bank of Japan policymakers disagreed on how to address soft inflation and the rising cost of its ultra-easy policy, minutes of their June meeting showed, underscoring the challenge they face in achieving their elusive price target.
Japan July services PMI slows slightly in sign of subdued activity
TOKYO, (Reuters) - Activity in Japan's services sector cooled slightly in July from the previous month as new orders grew at a slower pace, a private survey showed on Friday, suggesting the economy may have lost some momentum at the start of the third quarter.
Asia stocks restrained, dollar at two-week high as trade war saps confidence
TOKYO (Reuters) - Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safe haven flows lifted the dollar to a two-week high.
Some in Bank of Japan urged scrutiny on side effects of easy policy: June minutes
TOKYO (Reuters) - Some Bank of Japan board members said the central bank must carefully examine the impact that prolonged ultra-loose monetary policy was inflicting on financial institutions, minutes of the bank's June rate review showed on Friday.
Wireless speaker pioneer Sonos Inc jumps as much as 23 percent in debut
(Reuters) - Shares of Sonos Inc rose as much as 34 percent to $20.20 in their market debut on Thursday, at which the U.S. wireless audio systems maker has a market value of nearly $1.9 billion.
CBS beats Wall Street estimate, Moonves silent on allegations
(Reuters) - CBS Corp's quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company's future on Thursday, without addressing allegations of sexual misconduct against him reported last week.
Tesla shares spike, dealing short-sellers a $1.7 billion loss
NEW YORK (Reuters) - Tesla Inc shares soared 16 percent on Thursday, a day after the electric car maker's better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day.
Cisco to buy cyber-security company Duo for $2.35 billion
(Reuters) - Cisco Systems Inc said on Thursday it would buy Duo Security, a venture capital-backed cyber security company, for $2.35 billion in cash, as part of its push to expand into a faster growing area of software than its core business.
CBS beats Wall St estimate for quarterly revenue
(Reuters) - CBS Corp , which has hired two law firms to investigate sexual misconduct allegations against its Chief Executive Les Moonves, on Thursday topped Wall Street's quarterly revenue estimates, helped by higher ad sales.
S&P 500, Nasdaq rise as Apple hits $1 trillion mark
NEW YORK (Reuters) - Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars.
Trade fight drags, but Apple's $1 trillion milestone boosts U.S. indexes
NEW YORK (Reuters) - An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory.
Apple hits record market cap of $1 trillion
Apple on Thursday became the first publicly traded US corporation to reach a market capitalization of $1 trillion, beating other tech giants, such as Amazon, Alphabet and Microsoft, in the race to reach the milestone.
Trade spat dogs markets, but Apple's $1-trillion valuation boosts U.S. indexes
NEW YORK (Reuters) - A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory.