Page 3048 - Business Finance
Sensex falls for second session; Reliance, HDFC top drag
(Reuters) - Indian shares fell on Thursday, dragged by financial and energy stocks a day after the central bank raised its key policy rate, while escalating Sino-U.S. trade spat also weighed on investor sentiment.
Suzuki posts record profit on strong global auto sales
TOKYO (Reuters) - Suzuki Motor Corp on Thursday posted a record-high operating profit in the first quarter, outpacing expectations on the back of a strong rise in global automobile sales, particularly in its biggest market India.
Singapore Airlines' budget arm Scoot to hike fares as fuel costs rise
SINGAPORE (Reuters) - Singapore Airlines Ltd's budget arm Scoot said on Thursday it would raise fares across its network by an average of about 5 percent in response to a surge in oil prices that had pushed up costs.
Breadth turns positive
Key barometers were trading in narrow range with modest losses in early afternoon trade. At 12:16 IST, the barometer index, the S&P BSE Sensex, was down 183.56 points or 0.49% at 37,338.06. The Nifty 50 index was down 53.70 points or 0.47% at 11,292.50. Domestic shares mirrored losses in other Asian counterparts as trade worries resurfaced.
Venkys (India) Ltd leads gainers in 'B' group
Surana Solar Ltd, Borosil Glass Works Ltd, Tinplate Company of India Ltd and 3P Land Holdings Ltd are among the other gainers in the BSE's 'B' group today, 02 August 2018.
Starbucks joins with Alibaba for China coffee deliveries
Starbucks today announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China's growing food-delivery market as it faces increased competition from local firms. The move comes as Seattle-based Starbucks faces a challenge from upstart Chinese company Luckin Coffee, which has expanded aggressively on a strategy based largely on satisfying delivery orders placed by mobile app users. "We truly believe that this enduring partnership will elevate the coffee culture in China," Starbucks president and CEO Kevin Johnson said at news conference in Shanghai. Johnson called the tie-up "rocket fuel" for the US company's emerging digital strategy. Under the arrangement, Starbucks products will be dropped off to customers would be handled by Alibaba's food-delivery unit, Ele.me. Long a traditionally tea-drinking nation, China is seeing an explosion in coffee consumption and Starbucks has targeted the country as its key market after the United ...
BMW second-quarter profit drops less than expected
FRANKFURT (Reuters) - German carmaker BMW reported a smaller than expected 6 percent decline in second-quarter operating profit, brushing aside new anti-pollution rules and a global trade conflict which has caused rival Daimler to warn on profits.
Graphic: Gold to disappoint further as identity crisis takes hold
LONDON (Reuters) - Struggling gold prices seem set for further pain, with a flight to the dollar leaving the traditional refuge asset searching for its place as investors build short positions in futures markets and Exchange-Traded Fund (ETF) holdings fall.
Swiggy confirms on-demand delivery platform Scootsy's buyout
Indian online food ordering and delivery platform Swiggy on Thursday confirmed it has acquired Mumbai-based on-demand delivery platform Scootsy in an all-cash deal which is likely to be to the tune of Rs 50 crore.
Aditya Birla Fashion & Retail Ltd leads gainers in 'A' group
Dilip Buildcon Ltd, Marksans Pharma Ltd, Piramal Enterprises Ltd and Advanced Enzyme Technologies Ltd are among the other gainers in the BSE's 'A' group today, 02 August 2018.
Hindustan Copper gets CCEA approval for issue of fresh equity
To fund its expansion / capex plans
Hong Kong Market falls 2.3% on US-China trade worries
Investors are worried about US-China trade war after Washington said on Wednesday that it may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices. US Trade Representative Robert Lighthizer said President Donald Trump asked him to consider increasing the proposed tariffs to 25% from the planned 10%.
China Stocks fall as US-China trade worry renews
Investors are worried about US-China trade war after Washington said on Wednesday that it may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices. U.S. Trade Representative Robert Lighthizer said President Donald Trump directed him to consider increasing the proposed tariffs to 25% from the planned 10% because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods. Beijing said it would hit back if the United States takes further steps hindering trade, including applying the higher tariff rate.
Global Markets: Asian shares slide on fresh trade worries, bonds fragile
TOKYO (Reuters) - Asian stocks tumbled on Thursday as the latest escalation in the Sino-U.S. trade war hit Chinese shares, while global bond markets were rattled by increased borrowing by Washington and Japan's new tolerance for higher yields.
Barclays reports 188 percent rise in second-quarter profits year-on-year
LONDON (Reuters) - Barclays second quarter pretax profits have almost trebled compared with a year ago, the lender said on Thursday, beating analysts' expectations as it avoided the heavy restructuring and legal costs that blighted past results.
Lowest bidder tag boosts Dilip Buildcon
Dilip Buildcon surged 8.06% to Rs 856.95 at 11:37 IST on BSE after the company announced that it has emerged as the lowest bidder for mining project valued at Rs 717.45 crore.
Australia Market falls on US-China trade worries, Rio profit miss, and soft commodity prices
Investors are worried about US-China trade war after Washington said Wednesday it may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices. US Trade Representative Robert Lighthizer said President Donald Trump asked him to consider increasing the proposed tariffs to 25% from the planned 10%.
BMW's second-quarter profit falls less than expected
FRANKFURT (Reuters) - German carmaker BMW reported a smaller than expected 6 percent decline in second-quarter operating profit on Thursday, even as higher spending to develop electric and autonomous cars weighed on earnings.
Demand in Europe and Asia boost Hugo Boss sales in second quarter
FRANKFURT/PARIS (Reuters) - German fashion house Hugo Boss posted a 6 percent rise in currency-adjusted sales in the second quarter, lifted by demand in Europe and Asia as rival high-end brands report resilient sustained appetite from Chinese shoppers.
Fed's plan to raise rates appears intact despite Trump criticism
WASHINGTON (Reuters) - If President Donald Trump's comments that the Federal Reserve risked killing U.S. economic growth with higher interest rates was even discussed at a policy meeting that ended on Wednesday, there was no sign of it as the central bank indicated it would stick with its forecast of two more rate increases this year.