Page 3281 - Business Finance
Kremlin accuses Trump of trying to bully Europe into buying U.S. LNG
MOSCOW (Reuters) - The Kremlin on Thursday rejected U.S. President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies.
World Bank report on India welcome news on paper: Congress
As India became the world's sixth-biggest economy, pushing France into the seventh place, the Congress said on Thursday the World Bank report was welcome news on paper and added the economy will be become healthy when fuel prices are brought down.
Adani Power plans to raise up to Rs 5,000cr to fuel biz expansion, growth
Adani Power plans to raise up to Rs 5,000 crore through a mix of debt and equity to augment capital to sustain growth and finance its business expansion plans. The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long term resources, if necessary in order to sustain growth in the business, for business expansion and to improve the financial leveraging strength of the company, Adani Power said in its annual report 2017-18. Adani Power has sought approval from its shareholders to raise funds in one or more tranches. Funds are planned to be raised by way of issuance of equity shares of the company and/or any instruments or securities including GDR/ADRs /convertible preference shares/ convertible debenture, non-convertible debentures and warrants etc. "The proposed resolution seeks the enabling authorisation of the members to the Board of Directors to raise funds to the extent of Rs 5,000 crores or its equivalent in any one .
India can soon be fifth largest global economy: Jaitley
India can become the worlds fifth largest economy soon if firm growth continues, Union Minister Arun Jaitley said on Thursday.
Exclusive: EU regulators to okay $83 billion Linde, Praxair deal - sources
BRUSSELS (Reuters) - EU antitrust regulators are set to approve gases groups Linde and Praxair's $83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.
Linde and Praxair to win EU antitrust nod for $83 billion deal - sources
BRUSSELS (Reuters) - Linde and Praxair will win approval regulatory clearance for their planned $83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.
Exclusive: Linde and Praxair to win EU antitrust nod for $83 billion deal - sources
BRUSSELS (Reuters) - Linde and Praxair will win approval regulatory clearance for their planned $83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said on Thursday.
Indonesia to pay $3.85 billion for majority stake in Freeport's Grasberg copper mine
JAKARTA (Reuters) - Indonesia struck an agreement on Thursday with Freeport-McMoRan Inc and Rio Tinto to buy a controlling stake in the world's second-biggest copper mine via a series of transactions valued at $3.85 billion.
India mulls using AI for better governance: Prabhu
India is keen on implementing the disruptive technologies of Artificial Intelligence (AI) for better governance, Union Commerce and Industry Minister Suresh Prabhu said on Thursday.
US asks UN to cut off oil products to North Korea
The United States is asking the UN Security Council to order an immediate halt to all deliveries of refined oil products to North Korea after finding that Pyongyang had violated restrictions on those imports, according to documents seen by AFP today. A confidential US report sent to a UN sanctions committee estimated that at least 759,793 barrels of oil products had been delivered to North Korea between January 1 and May 30, well above the annual quota set at 500,000 barrels.
Global Stocks, commodities regain footing after dropping on trade worries
NEW YORK (Reuters) - Stock markets around the world bounced back on Thursday, with U.S. gains led by merger activity and earnings optimism that offset concerns over an escalating U.S. trade battle with China that had weighed on markets a day earlier.
Tech stocks, industrials lead Wall Street higher
(Reuters) - U.S stocks gained on Thursday, led by marquee technology stocks hitting record highs and a rebound in industrial stocks, as optimism of a strong earnings season offset fears about a U.S-China trade war.
Higher fares help Delta quell oil hit
(Reuters) - Delta Air Lines Inc topped estimates for quarterly profit and operating revenue on Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing its shares higher by as much as 3 percent.
Rising fares push Delta past profit estimates
(Reuters) - Delta Air Lines Inc topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher.
U.S. inflation steadily firming; labor market strong
WASHINGTON (Reuters) - U.S. consumer prices recorded their largest increase in nearly 6-1/2 years in the year through June, while the monthly pace continued to suggest a steady buildup of inflation that could keep the Federal Reserve on a path of gradual interest rate increases.
Chinese company says donated to Rajapaksa family foundation
A leading Chinese company today said it had made a donation to a private fund linked to former president Mahinda Rajapaksa that was meant to build houses for the poor. The Colombo International Container Terminals Limited (CICT) in a statement said that it paid nearly 20 million Sri Lankan rupees to Pushpa Rajapaksa Foundation as part of its corporate social responsibility. Pushpa is the wife of Basil Rajapaksa, Mahinda's younger brother, who was also his economic development minister. The CICT admission to funding the Rajapaksa foundation came amid reports that the Chinese had funded Rajapaksa's unsuccessful presidential reelection bid in 2015. CICT did not say how many homes were to be built with the money, only saying it was meant to build houses for the poor. Once funding is allocated, CICT believes that the funding so allocated would be utilised for the said projects by the receiving agencies without CICT having to play a supervisory role," it said. A New York Times report, ...
Factory growth slips to 7-month low; retail inflation at 5 pc
Industrial production slipped to a seven-month low of 3.2 per cent in May due to sluggish performance of manufacturing and power sectors, while retail inflation continued to remain firm in June on costlier fuel, according to two sets of official data released today. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, which would be meeting later this month to decide on the next bi-monthly interest rate review, would be factoring these key macro-econonic data. The data was released after close of stock markets, which witnessed the benchmark BSE Sensex ending at a lifetime high of 36,548.41. The rupee too surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets. Sunil Kumar Sinha of India Ratings and Research (Fitch Group) said factory output growth has been declining in each successive months since November 2017 with the exception of April 2018. "The more disappointing ...
Allahabad Bank to sell non-core assets
Under PSBs Reform Agenda
Oil extends losses despite IEA warning of spare capacity limits
NEW YORK (Reuters) - Oil prices fell on Thursday, extending the previous session's sharp losses as Libyan exports resumed, despite the International Energy Agency's (IEA) warning that the world's oil supply cushion "might be stretched to the limit" due to production losses.
Glencore shares under cloud after U.S demands Congo documents in probe
LONDON (Reuters) - A U.S. demand for documents related to Glencore's assets in Democratic Republic of Congo (DRC) as part of a corruption probe has rattled investors and is likely to weigh on the miner's performance until there is more clarity on the case.