Page 3263 - Business Finance
Boeing kickstarts air show with order for jets worth $4.7 billion
(Reuters) - Boeing Co said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE in a contest for business on day one of the Farnborough Airshow.
R S Software (India) Ltd leads gainers in 'B' group
Nagreeka Exports Ltd, IVP Ltd, Solara Active Pharma Sciences Ltd and Starlit Power Systems Ltd are among the other gainers in the BSE's 'B' group today, 16 July 2018.
Oil prices ease on potential supply hikes; Trump-Putin eyed
SEOUL (Reuters) - Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers.
Guar gum rises in futures trade on robust export demand
Guar gum prices firmed up by Rs 249 to Rs 9,100 per quintal in futures trade today after participants created huge positions, taking positive cues from the physical markets on strong export demand. Market players attributed the rally in guar gum futures prices to building up of fresh positions, tracking a firm trend at the spot markets on strong export demand. Besides, the depreciating rupee against US dollar also supported the rise in guar gum prices at futures market here. Exporters most revenue comes in the American currency. At the National Commodity and Derivatives Exchange, guar gum for the most-traded delivery in October contract shot up by Rs 249 or 2,81 per cent to Rs 9,100 per quintal, with an open interest of 56,230 lots. Guar gum for delivery in November contracts also gained Rs 176 or 1.96 per cent to Rs 9,150 per quintal, revealing an open interest of 385 lots.
Castor seed futures spurt 1.30% on firm spot cues
Castor seed prices spurted by Rs 58 to Rs 4,535 per quintal in futures trade today after participants accumulated positions amid a firm trend at the physical markets. Marketmen said huge positions created by participants, triggered by strong demand from soap, paints and lubricant industries amid thin arrivals from growing belts, led to the rise in castor seed futures prices. At the National Commodity and Derivatives Exchange, castor seed delivery for the July contracts jumped by Rs 58, or 1.30 per cent, to Rs 4,535 per quintal with an open interest of 2,550 lots. Similarly, the contract for delivery in August too hardened by Rs 49, or 1.09 per cent, to Rs 4,558 per quintal in a business turnover of 1,32,440 lots.
Barley futures surge on upbeat physical demand
Barley prices went up by Rs 25 to Rs 1,584.50 per quintal in futures trade today following creation of fresh holdings by investors, guided by firm physical market sentiments. Market players said building up of fresh positions by participants following strong demand from beer makers amid tight stocks position on restricted supplies in the spot markets, largely supported the rise in barley futures prices. At the National Commodity and Derivatives Exchange, barley for delivery in September contract shot up by Rs 25, or 1.60 per cent, to Rs 1,584.50 per quintal with an open interest of 1,720 lots. For the most-active, delivery in August contract rose by Rs 15.50, or 1.00 per cent, to Rs 1,561.50 per quintal with a business turnover in 9,710 open lots.
Chana futures gain 3.68% on rising demand
Chana prices rose 3.68 per cent to Rs 4,169 per quintal in futures trade today as participants created fresh positions, driven by rising demand from dal mills in the spot market. Besides, tight stocks positions following drop in arrivals from producing regions, too, fuelled the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in August contract is ruling Rs 148 higher, or 3.68 per cent, at Rs 4,169 per quintal with an open interest of 82,980 lots. Likewise, the commodity for delivery in September gained Rs 140, or 3.45 per cent, to Rs 4,193 per quintal in 29,620 lots. Analysts attributed the rise in chana prices to surging demand in the spot markets against restricted supplies from the producing regions.
Global Markets: Asian shares down on slowing China growth, trade war
SHANGHAI (Reuters) - Asian shares fell on Monday, brushing off a firmer Wall Street lead, as data showed China's economy and factory production growth slowing, compounding wider fears about Beijing's worsening trade war with Washington.
Nickel futures soften 0.62% on profit-booking
Nickel prices were trading lower by 0.62 per cent to Rs 947.50 per kg in futures trade today amid profit-booking by speculators and easing demand at the domestic spot market. At the Multi Commodity Exchange, nickel for delivery in July fell by Rs 5.90, or 0.62 per cent, to Rs 947.50 per kg in a business turnover of 486 lots. Likewise, the metal for delivery in August was trading lower by Rs 5.80, or 0.61 per cent, to Rs 951.70 per kg in 272 lots. Marketmen said profit-booking by participants at prevailing levels amid fall in demand from alloy-makers in the spot market weighed on nickel prices in futures trade.
Century Plyboards (India) Ltd leads gainers in 'A' group
Indraprastha Gas Ltd, Infosys Ltd, L&T Technology Services Ltd and Granules India Ltd are among the other gainers in the BSE's 'A' group today, 16 July 2018.
Board of Minda Industries approves JV with Kasei Group, Japan
At meeting held on 13 July 2018
Refined soya oil futures decline by 0.43% on muted demand
Amid sluggish demand at domestic spot market against adequate stocks position, refined soya oil prices edged down by 0.43 per cent to Rs 740.10 per 10 kg in futures trade today as speculators cut bets. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August fell by Rs 3.20, or 0.43 per cent, to Rs 740.10 per 10 kg with an open interest of 53,800 lots. Similarly, the oil for delivery in July contracts shed Rs 1.80, or 0.24 per cent, to Rs 741.85 per 10 kg in 15,010 lots. Traders said offloading of positions by traders as demand eased in the physical market against ample stocks position on increased supplies from producing regions put pressure on refined soya oil prices in futures trade.
Speculative buying lifts wheat futures by 0.57%
Wheat prices went up by 0.57 per cent to Rs 1,931 per quintal in futures trade today as speculators built up fresh positions. At the National Commodity and Derivatives Exchange, wheat for delivery in August moved up by Rs 11, or 0.57 per cent, to Rs 1,931 per quintal with an open interest of 7,950 lots. Similarly, the wheat for delivery in September contracts gained Rs 9, or 0.47 per cent, to Rs 1,940 per quintal in 220 lots. Analysts said fresh positions created by traders after uptick in demand in the physical market amid pause in arrivals from producing belts influenced wheat prices in futures trade.
Rajasthan police constables exam held peacefully
The Rajasthan Police Constable Examination was held peacefully on Saturday and Sunday to fill in 13,142 posts in the state, a top officer said.
China economic growth slows in second quarter, warns on trade war
China today said its economic growth slowed slightly in the second quarter as a trade war with the United States gained pace, while it warned of the global damage that could be caused if the row persists. The world's second-biggest economy expanded 6.7 per cent in April-June, down from 6.8 per cent in the first quarter and in line with a forecasts in an AFP survey of economists. The data was released just as European Council President Donald Tusk said at an EU summit with China in Beijing that trade tensions could spiral into a "hot conflict", calling on the US, China and Russia to find a resolution. Despite the quarterly deceleration, growth was still higher than the annual target of around 6.5 per cent set by the government, but China nevertheless faces an "extremely complex environment both at home and abroad", said Mao Shengyong, a spokesman for the national statistics bureau. Beijing faces a multi-front battle to defend its economy, fighting to cut its debt mountain while the ...
China second-quarter GDP growth softens as trade row stirs concerns on outlook
BEIJING (Reuters) - China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.
Singapore June private home sales fall 20.2 percent on year
SINGAPORE (Reuters) - Sales of private homes by developers in Singapore fell 20.2 percent in June from a year earlier, government data showed on Monday.
ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain
HONG KONG (Reuters) - Investors on Monday cheered the lifting of a U.S. supplier ban on China's ZTE Corp, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business.
Copper futures gain 0.18% on spot demand
Copper prices moved up by 0.18 per cent to Rs 423.45 per kg in futures trade today as investors widened their bets. Furthermore, pick-up in demand at the domestic spot markets too supported the upside in metal prices. At Multi Commodity Exchange, copper for delivery in August rose by 75 paise, or 0.18 per cent, to Rs 423.45 per kg in a business turnover of 757 lots. Similarly, the metal for delivery in November contracts traded higher by 65 paise, or 0.15 per cent, to Rs 430.50 per kg in two lots. Analysts attributed the rise in copper futures to firm trend at the domestic spot markets following an uptick in demand from consuming industries.
Aluminium futures soften by 0.21% on low demand
Aluminium prices were down by 0.21 per cent to Rs 139.30 per kg in futures market today as speculators offloaded their bets amid easing demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in August declined by 30 paise, or 0.21 per cent, to Rs 139.30 per kg in a business turnover of 12 lots. Likewise, the metal for delivery in July contracts shed 25 paise, or 0.18 per cent, to Rs 139.10 per kg in 133 lots. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market weighed on aluminium prices in futures trade.