Page 3303 - Business Finance
TCS gains after good Q1 results
TCS rose 2.40% to Rs 1,922 at 9:24 IST on BSE after consolidated net income rose 6.3% to Rs 7340 crore on 6.8% increase in revenue to Rs 34261 crore in Q1 June 2018 over Q4 March 2018.
Board of Cranes Software International approves proposal for voluntary delisting from NSE
At meeting held on 10 July 2018
Markets open high on Wednesday, then dip later
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the early morning trade session but entered the negative zone later.
Gold prices fall as dollar gains vs yuan in escalating trade war
BENGALURU (Reuters) - Gold prices fell on Wednesday as the dollar firmed against the yuan after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world's two largest economies.
Gammon Infrastructure Projects subsidiary terminates concession agreement for project in Andhra Pradesh
Seeks termination payments aggregating to Rs 1123.37 crore from APRDC
Global Markets: Stocks slide broadly as U.S. ups ante in trade conflict
TOKYO (Reuters) - U.S. threats of tariffs on an additional $200 billion worth of Chinese goods sent Asian stocks lower on Wednesday, with China's markets leading the declines, as trade tensions between the world's two biggest economies worsened.
China shares slump, yuan down as U.S. raises stakes in trade row
SHANGHAI (Reuters) - China's shares tumbled in a broad sell-off, and the yuan weakened on Wednesday after the United States threatened further import duties on Chinese goods in a sharp escalation of the trade conflict between the world's two biggest economies.
Market may open lower
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 21 points at the opening bell.
Global Markets: Stocks slump, yen rises as U.S. raises stakes in trade conflict
TOKYO (Reuters) - U.S. tariffs on an additional $200 billion worth of Chinese goods sent Asian stocks tumbling on Wednesday, with China's markets leading the declines, as trade tensions between the world's two biggest economies continued to deteriorate.
China shares, yuan stumble after U.S. threatens more tariffs
SHANGHAI (Reuters) - China's shares tumbled and the yuan weakened on Wednesday after the United States said it would impose tariffs on an additional $200 billion of Chinese imports in a sharp escalation of the trade conflict.
US begins process to impose tariffs on another USD 200 billion of Chinese imports
The US today announced beginning the process of imposing tariffs of 10 per cent on an additional USD 200 billion of Chinese imports, intensifying the trade war between world's two largest economies. The move comes after China retaliated against the US by imposing tariffs on USD 34 billion in US exports to China, and threatened tariffs on another USD 16 billion, which the Trump administration described as "unjustified". In response to China's "unfair" practices, the United States on July 6 began imposing tariffs of 25 per cent on approximately USD 34 billion worth of Chinese imports. "These tariffs will eventually cover up to USD 50 billion in Chinese imports as legal processes conclude. The products targeted by the tariffs are those that benefit from China's industrial policy and forced technology transfer practices," US Trade Representative (USTR) Robert Lighthizer said. Soon thereafter China retaliated by imposing tariffs on USD 34 billion in US exports to China and threatening ...
US fires next shot in China trade war
The US has ramped up its trade war with China, listing $200 billion worth of additional products it plans to place tariffs on as soon as September.
US slaps additional tariffs on $200b of Chinese goods
The trade war between the US and China escalated on Tuesday as US President Donald Trump's administration announced a package of tariffs targeting Chinese exports worth USD 200 billion.Releasing a list of Chinese products that could be hit by tariffs as soon as this September, the Trump administration said it will impose tariffs of 10 percent on an additional USD 200 billion of Chinese import.As reported by The Hill, U.S. Trade Representative Robert Lighthizer in a statement said, "As a result of China's retaliation and failure to change its practices, the president has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional $200 billion of Chinese import."Lighthizer further said that the Trump administration has urged China to stop its unfair practices and open its market."Unfortunately, China has not changed its behavior - behavior that puts the future of the U.S. economy at risk," his statement read.Earlier in March, the US imposed massive trade tariffs
'US to become global leading producer of crude oil'
The US Energy Information Administration (EIA) has said the United States will become the world's leading producer of crude oil if the output remains the current momentum.
Gold prices edge lower on firmer dollar amid U.S.-China trade worries
BENGALURU (Reuters) - Gold prices inched lower early on Wednesday as the U.S. dollar firmed amid an escalating trade spat between the United States and China.
Japan machinery orders seen as bullish after May's smaller than expected fall
TOKYO (Reuters) - Japan's core machinery orders fell in May, pulling back from the previous month's big gain, although the decline was softer than expected, easing some concerns about a slowdown in capital expenditure amid a worsening U.S.-China trade conflict.
Stocks slip, yen rises as U.S. raises stakes in trade conflict
TOKYO (Reuters) - Asian stocks retreated and perceived safe havens such as the yen and U.S. Treasuries rose on Wednesday after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, sharply escalating the trade war between the world's two biggest economies.
Trade war: US lists next USD 200 bn Chinese goods to face tariffs
The United States today announced it was starting the process to slap 10 per cent tariffs on another USD 200 billion in Chinese export goods as soon as September, escalating the trade war between the world's two largest economies. President Donald Trump vowed to hit back on a growing list of products after China retaliated in kind for the first round of 25 per cent tariffs on USD 34 billion worth of imports that Washington imposed last week. If he goes ahead it would mean thousands of products from fish to chemicals, metals and tires would face new taxes. US Trade Representative Robert Lighthizer said Washington did a thorough investigation to justify imposing tariffs on USD 50 billion worth of imports to compensate for the harm to the US economy caused by China's unfair trading practices, including theft or forced transfer of American technology. But China has rebuffed US complaints and denied any harm was done to US companies, and instead retaliated "without any international legal .
S&P 500 posts highest close since Feb. 1; futures fall late
NEW YORK (Reuters) - The S&P 500 rose on Tuesday to post its highest closing level since Feb. 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season.
Cuba re-authorises private sector, but with tighter controls
Cuba has re-authorised private businesses after a year-long freeze, but with tighter controls than before on a segment of the economy that now makes up 13 per cent of the Communist island's workforce. The freeze had led to jitters among would-be entrepreneurs in Cuba's budding private sector, and yesterday's announcement brought some measure of relief. The official daily Granma said the new, stricter measures were necessary because of numerous breaches by private entrepreneurs, such as tax evasion, under-declaring the number of people they employed and failure to pay employer contributions. The government suspended the issuing of business licenses in August 2017 for around 30 of the island's most profitable business activities, in particular the restaurant trade, in order to review regulations. "We are not going to go backwards, nor slow down, nor allow prejudice against the non-state sector, but it is essential that people respect the law, in order to consolidate the gains," said ...