Page 3342 - Business Finance
Market breadth turns positive
The market bounced back from the day's low and hit fresh intraday high in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 99.78 points or 0.28% at 35,674.33. The Nifty 50 index was up 30.30 points or 0.28% at 10,780.05. Investors were cautious ahead of a US deadline to impose tariffs on Chinese imports on Friday.
Global Markets: Asian stocks shaky as Sino-U.S. trade war begins
SHANGHAI/TOKYO (Reuters) - Asian stocks wobbled on Friday, as Washington slapped tariffs on Chinese imports, a move many investors fear could be the start of a full-scale trade war between the world's two largest economies.
Berger Paints India shines after overseas joint venture
Berger Paints India rose 2.38% to Rs 296.65 at 09:51 IST on BSE after the company signed a shareholders' agreement with Rock Paint Co., Japan for the purpose of setting up of a joint venture company in India.
US has started biggest trade war in history: China
China on Friday accused the US of starting "the biggest trade war in economic history" as American tariffs took effect on Chinese goods worth $34 billion.
Trump unleashes trade war with tariffs on China
Punishing US tariffs on Chinese imports took effect today, marking the start of President Donald Trump's trade war with the largest American trading partner and intensifying the anxieties of global industry. Beijing said it was "forced to take necessary countermeasures" after Trump imposed 25 per cent duties on about USD 34 billion in Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs. China was expected to respond dollar-for-dollar but did not immediately release details of the countermeasures, which were expected mainly to target agricultural products in a bid to hurt Trump supporters. Beijing accused Washington of launching "the largest trade war in economic history" and vowed to take the case to the World Trade Organisation. But it could just be the opening skirmishes in the war, as Trump has vowed to impose tariffs on as much as USD 450 billion in Chinese goods, the vast majority of imports. The arrival of the long-threatened ...
Varroc Engineering shares rise up to 6 percent on market debut
(Reuters) - Varroc Engineering Ltd's shares rose as much as 6 percent in their market debut on Friday, after the auto parts manufacturer's initial public offering raised 19.55 billion rupees ($283.58 million).
U.S. triggers China tariffs, fuels fears of full-blown trade war
SINGAPORE (Reuters) - U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the two biggest economies were set on a risky path toward a full-blown trade war.
Glenmark inks pact with Seqirus to commercialise Ryaltris in Australia, New Zealand
Glenmark Pharma today said its subsidiary Glenmark Specialty has entered into an exclusive licensing agreement with Australia's Seqirus to commercialise its nasal spray Ryaltris in Australia and New Zealand. Ryaltris is indicated for treatment of symptoms associated with seasonal allergic rhinitis (SAR) in patients over 12 years of age. "Under the terms of the agreement, Glenmark will be responsible for product supply and Seqirus will be responsible for regulatory filing and commercialisation of the product in Australia and New Zealand," Glenmark said in a regulatory filing. Glenmark said it will receive an upfront payment as well as regulatory and commercial milestone payments from Seqirus. "Australia has one of the world's highest rates of allergic rhinitis with nearly 20 per cent of the country's population suffering annually from this disease," the company said. In May 2018, Glenmark filed a New Drug Application (NDA) for Ryaltris with the US Food and Drug Administration ...
U.S.-China trade war heats up as tariffs take effect
BEIJING/WASHINGTON (Reuters) - U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the two biggest economies were set on a risky path toward a full-blown trade war.
Key equity indices open flat
The key Indian equity indices opened on a flat note on Friday amid weak Asian cues.
China: Stocks extend losses ahead of wave of US-China tariffs
Chinese equity markets have taken a knock in recent weeks, with the benchmark Shanghai composite wallowing in bear market territory since last week.
Japan Nikkei rebounds on bargain hunting
The United States is due to impose the tariffs on Chinese exports on July 6. China's customs department informed markets on Thursday that China's retaliatory tariffs on US goods will take effect immediately after US tariffs on Chinese imports kick in. The Trump administration has levied a 25% tariff on $34 billion in Chinese goods, while the Chinese government has retaliated by announcing tariffs on the same value of U.S. goods.
Australia Market gains on materials, financials
Market topside was, however, capped as investors were concerns over the negative implications of the US set to impose tariffs on Chinese imports later in global day that many investors fear might trigger a full-scale trade war in a blow to the global economy.
U.S. job growth seen strong in June, wages picking up
WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in June while increasing wages for workers, which would reinforce expectations of robust economic growth in the second quarter and allow the Federal Reserve to continue raising interest rates.
Gold prices fall ahead of tariff deadline, U.S. jobs data
BENGALURU (Reuters) - Gold prices nudged lower amid a steady dollar on Friday, with investors bracing for any impact on global markets from a deepening trade conflict between the United States and China.
As tariffs loom, China state media slams Trump's 'gang of hoodlums'
BEIJING/WASHINGTON (Reuters) - China's state media lashed out at U.S. President Donald Trump, accusing the White House of behaving like a "gang of hoodlums" as the world's two biggest economies headed towards outright trade war on Friday.
Wall Street takes some knocks but still standing as Trump tariffs loom
SAN FRANCISCO (Reuters) - Fears of a global trade war have left Wall Street bruised but not beaten as the Trump administration on Thursday moved closer to enacting tariffs on $34 billion worth of Chinese imports and Beijing threatens to respond immediately.
Shares trade lower on negative Asian cues
Key benchmark indices were trading lower in early trade on negative Asian cues. At 9:19 IST, the barometer index, the S&P BSE Sensex, was down 12.92 points or 0.04% at 35,561.63. The Nifty 50 index was down 11.30 points or 0.11% at 10,738.45. Investors were cautious ahead of a US deadline to impose tariffs on Chinese imports on Friday.
Oil dips in nervous markets with U.S., China on brink of trade war
SINGAPORE (Reuters) - Oil prices dipped on Friday as markets grew more nervous ahead of a raft of import tariffs set to be imposed later in the day by the world's two biggest economies, the United States and China, threatening global growth.
Global Markets: China anxiety hits Asia stocks as Sino-U.S. trade war looms
SHANGHAI/TOKYO (Reuters) - Faltering Chinese markets dented Asian stocks on Friday morning, as the time neared when Washington would impose tariffs on Chinese imports, a move many investors fear would trigger a full-scale trade war between the world's two largest economies.