Page 3304 - Business Finance
U.S. stocks rise on earnings optimism; dollar gains
NEW YORK (Reuters) - The S&P 500 stock index closed at a more than five-month high on Tuesday, boosted by expectations for strong earnings, while the U.S. dollar rose against the safe-haven Japanese yen as waning trade war fears drove a bid for riskier assets.
Boeing's first-half deliveries up 7 percent, orders surge past Airbus
(Reuters) - Boeing Co's first-half aircraft deliveries rose more than 7 percent, lifted by demand for its bestselling 737 jetliners as airlines seek more fuel-efficient planes, and orders were more than double those of European rival Airbus SE .
Dow, S&P 500 extend recent gains; PepsiCo a boost
NEW YORK (Reuters) - The Dow and S&P 500 rose on Tuesday, extending recent gains as strong results from PepsiCo boosted optimism about the earnings season, while the Nasdaq was flat
U.S. judge allows lawsuits over Monsanto's Roundup to proceed to trial
(Reuters) - A federal U.S. judge on Tuesday allowed hundreds of lawsuits alleging that Monsanto Co's glyphosate-containing weed-killer Roundup causes cancer to proceed to trial, finding that there was sufficient evidence for a jury to hear the cases.
Trump arrives in Brussels ahead of NATO summit
US President Donald Trump arrived today in Brussels on the eve of a tense NATO summit where he is set to clash with allies over defence spending. Trump arrived on Air Force One at Melsbroek military airport, shortly after saying on Twitter that NATO allies should "reimburse" the United States for spending on the alliance.
'Crop loan by non-loanee farmers increases by 102%'
Union Agriculture Minister Radha Mohan Singh on Tuesday said that coverage of crop insurance by non-loanee farmers had increased by 102 per cent since the Narendra Modi government came to power.
PepsiCo, oil help extend Wall Street rally; S&P at four-month high
(Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 at a four-month high, as energy shares got a boost from higher crude prices and strong results from PepsiCo signaled a solid start to the earnings season.
Boeing says first-half orders soar past Airbus
(Reuters) - Boeing Co's first-half aircraft orders were more than double those of Airbus SE, while its jetliner deliveries rose 7.4 percent from the year-ago period.
SEC charges ex-Heartland Payment CEO with insider trading
(Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged the former chief executive of Heartland Payment Systems Inc with insider trading for tipping off his longtime romantic partner about the payment processor's $4.3 billion takeover by Global Payments Inc.
Mahajan to attend South Asian Speakers' summit in Sri Lanka
Lok Sabha Speaker Sumitra Mahajan will attend the two-day South Asian Speakers' Summit starting tomorrow in Colombo in Sri Lanka on achieving the sustainable development goals. Promoting regional parliamentary cooperation for sustainable, equitable and green economic growth, is the theme of the third edition of the summit. Besides Mahajan, representatives from Afghanistan, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka will deliberate on the subject. Mahajan will be accompanied by Rajya Sabha MP Bhubaneshwar Kalita and Lok Sabha Secretary General Snehlata Shrivastava, the Lok Sabha Secretariat said in a statement. An outcome document will also be adopted after the conclusion of the summit.
U.S. oil output to edge above 12 million bpd late 2019 - EIA
NEW YORK (Reuters) - U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first time ever, the U.S. Energy Information Administration said in a monthly report on Tuesday.
M&S chairman tells investors there's no quick fix
LONDON (Reuters) - Shareholders in Marks & Spencer should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday.
Odisha slips to 14th in ease of doing business rankings
Odisha has slipped three places as it has been ranked 14th position in ease of doing business in Indian states.
German growth seen at about 2 percent in 2018 - economy minister
PARIS (Reuters) - The German economy is on course to grow roughly two percent this year, Economy Minister Peter Altmaier said in a newspaper interview published on Tuesday.
Karnataka signs MoU with Taiwanese science parks
Karnataka Innovation and Technology Society (KITS) has signed a memorandum of understanding (MoU) with two Taiwanese Science Parks to strengthen links with the parks there. The agreement would enhance technological know-how through mutual development and innovation, an official press release said here. The MoU would also facilitate mutual exchange of faculty from identified academic institutes to learn new technologies and industry's best practices, the release said. "The agreement will be mutually beneficial to both Karnataka and Taiwan as it will enhance skill development, mutual industry facilitation and encourage startups and MSMEs," Principal Secretary, IT/BT and ST Department, Gaurav Gupta said in the release. "The signing of the pact between the two science parks in Taiwan and KITS will strengthen relations in biotechnology, information technology and other emerging technologies," Ambassador of Taiwan to India Chung-Kwang Tien said in the release.
Global debt load at a record $247 trillion in first quarter - IIF
NEW YORK (Reuters) - The amount of debt held by both mature and emerging markets tracked by the Institute of International Finance rose to a record $247 trillion in the first quarter of 2018, up 11.1 percent from the same period a year ago.
Andhra Pradesh tops ease of doing business rankings, Telangana 2nd
Andhra Pradesh emerged as the top ranked state in the Union governments latest ease of doing business index for states released on Tuesday.
Gammon infra arm terminate concession pact with APRDC
Gammon Infrastructure Projects today said its arm Rajahmundry Godavari Bridge has terminated the concession agreement with Andhra Pradesh Road Development Corporation for a road bridge project on Godavari river. Rajahmundry Godavari Bridge served a notice yesterday to terminate concession agreement for road bridge project on Godavari river, Gammon Infrastructure Projects said in a BSE filing. The notice of termination of agreement was given on account of several breaches of the said Concession Agreement by Andhra Pradesh Road Development Corporation ('APRDC'), it claimed. The project connects Kovvur and Rajahmundry in Andhra Pradesh. The Project is operational since November, 2015, and has contributed Rs.57.89 crores to the consolidated revenue of the company for financial year 2017-18, it said. Rajahmundry Godavari Bridge Ltd ('RGBL') had entered into the Concession Agreement in respect of its project for design, construction, finance, operation and maintenance of 4.15 km long ...
Oil pares gains on Norway, Libya supply disruptions
NEW YORK (Reuters) - Oil prices rose on Tuesday on growing supply disruptions in Norway and Libya, but gains were pared after the United States said it would consider requests for waivers from Iranian oil sanctions.
India-Korea for early upgradation of trade pact
India and South Korea today resolved for early conclusion of talks to upgrade the existing Comprehensive Economic Partnership Agreement (CEPA) for expanding bilateral trade to USD 50 billion by 2030. India also welcomed Korea's willingness to partner in its flagship initiatives, including Make in India, Skill India, Digital India, Startup India and Smart Cities. South Korea's President Moon Jae-in is on a four-day visit to India. According to a joint statement, Prime Minister Narendra Modi and Moon expressed desire to expand trade between the two countries. "Resolving to work towards promoting mutual prosperity, we agreed to expand bilateral trade, including through the early conclusion of ongoing negotiations to upgrade the ROK-India Comprehensive Economic Partnership Agreement (CEPA)," the statement said. The two leaders welcomed the finalisation of the elements of an 'Early Harvest Package' that will lead towards an upgraded CEPA. "We urged the business community from both our ...