Page 3240 - Business Finance
Not dead yet: Home of Brent crude gets new lease of life
LONDON (Reuters) - Oil giant BP's Eastern Trough Area Project off the coast of Scotland wasn't supposed to be viable beyond 2018.
EU's Juncker, Trump to meet over security, economic priorities
US President Donald Trump will meet with European Commission President Jean-Claude Juncker on July 25 to discuss transatlantic priorities on foreign policy, security and economy, the White House said on Tuesday.
Japan shares jump as yen bows to strong dollar
SYDNEY (Reuters) - Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.
Going, going gone for Australia's house price boom. And some investors smell trouble
SYDNEY (Reuters) - It's a winter weekend in Sydney's bustling northern suburb of Chatswood and a three-bedroom family house sporting an endless garden is up for auction. It's priced to sell at A$1.88 million ($1.4 million) but no buyers bite and the sale is abandoned.
Buffett's Berkshire Hathaway loosens policy on stock buybacks
(Reuters) - Berkshire Hathaway Inc on Tuesday made it easier for the company to buy its own shares, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's cash.
Fed's Powell: Years of strong jobs, low inflation still ahead
WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration's trade policies were already damaging businesses in their districts.
Buffett's Berkshire amends stock buyback policy
(Reuters) - Berkshire Hathaway Inc on Tuesday amended its stock buyback policy, a change that could help billionaire chairman Warren Buffett deploy more of the conglomerate's cash.
Boeing CEO says Embraer deal offers thrifty suppliers more volume
FARNBOROUGH, England (Reuters) - Boeing Co sees scope for additional cost savings from suppliers as it expands through the proposed acquisition of the regional jet business of Brazil's Embraer SA , Chief Executive Dennis Muilenburg told Reuters on Tuesday.
Wall Street climbs on Powell comments, earnings
NEW YORK (Reuters) - Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period.
Wall Street gains on Powell comments, rosy earnings expectations
NEW YORK (Reuters) - Wall Street pushed higher on Tuesday as investors looked to Federal Reserve Chairman Jerome Powell's optimistic view of the U.S. economy and as solid earnings supported expectations of a strong second-quarter reporting season.
Dollar firms after Fed chair's upbeat remarks, stocks gain
NEW YORK (Reuters) - The U.S. dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear.
Italy's Mediaset and F2i bid for EI Towers, may spur more tie-ups
MILAN (Reuters) - Italy's biggest commercial broadcaster, Mediaset , has joined forces with infrastructure fund F2i to launch a takeover bid for masts group EI Towers , in a move widely expected to spur further consolidation in the sector.
NCLT approves Liberty House's plan for acquiring Adhunik Metaliks
The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday approved the resolution plan of the Britain-based Liberty House for acquiring debt-laden steelmaker Adhunik Metaliks under the Insolvency and Bankruptcy Code (IBC).
Fed's Powell - Years of strong jobs, low inflation still ahead
WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell said on Tuesday he sees the United States on track for years more of steady growth, but was challenged in a congressional hearing by senators worried the Trump administration's trade policies were already damaging businesses in their districts.
Gold drops more than 1 percent as dollar strengthens during Fed testimony
NEW YORK/LONDON (Reuters) - Gold declined more than 1 percent and hit its lowest in a year on Tuesday as the U.S. dollar strengthened during testimony by U.S. Federal Reserve Chairman Jerome Powell to the U.S. Congress.
Goldman Sachs pressed on strategy as new CEO confirmed
(Reuters) - Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul.
Global Markets: Dollar strengthens after Fed chair remarks, stocks higher
NEW YORK (Reuters) - The U.S. dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear.
Gold hits year low as dollar steadies ahead of Fed testimony
LONDON (Reuters) - Gold hit its lowest in a year on Tuesday as the dollar steadied and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress.
India's growth remains quite robust into future:IMF
India's growth remains "quite robust" into the future, the IMF has said despite slightly downgrading the country's growth projection for 2018-19 due to high oil prices and a tight monetary policy regime. The IMF yesterday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India, which was down by 0.1 per cent and 0.3 per cent respectively than its April projections. "India's growth remains quite robust into the future. It is down but it is growing very strongly," Maurice Obstfeld, Economic Counsellor and Director of the Research Department of the International Monetary Fund (IMF), told reporters at a news conference. "For India, the main factor is the rise in oil prices, and India is an oil importer. But also, the general tightening in global financial conditions is playing a role in affecting India's growth. Those are the main factors behind the downgrade," Obstfeld said. According to Gian Maria Milesi-Ferretti , Deputy Director, IMF Research Department, with
Next Goldman CEO to take on old problems, new businesses
NEW YORK (Reuters) - Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones.