Page 3343 - Business Finance
Shares may extend losses
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 37 points at the opening bell on negative Asian cues. Investors may act cautious ahead of a US deadline to impose tariffs on Chinese imports on Friday.
Varroc Engineering in focus on debut
Shares of Varroc Engineering will debut on the bourses today, 6 July 2018. The initial public offer (IPO) of Varroc Engineering received bids for 5.09 crore shares, National Stock Exchange of India (NSE) data showed. The IPO was subscribed 3.59 times. The issue opened for subscription on 26 June 2018 and closed on 28 June 2018. The price band for the issue was fixed at Rs 965 to Rs 967 per share.
Global Markets: China anxiety hits Asia stocks as tariff deadline nears
SHANGHAI (Reuters) - Faltering Chinese markets dented Asian stocks in a choppy Friday morning, just hours before Washington is set to impose tariffs on Chinese imports that many investors fear might trigger a full-scale trade war in a blow to the global economy.
Gold prices steady after Fed minutes
BENGALURU (Reuters) - Gold prices were largely unchanged on Friday as the dollar inched down and after minutes of the U.S. Federal Reserve June policy meeting were in line with market expectations for further interest rate increases this year.
Oil markets tense as U.S. and China on brink of trade war
SINGAPORE (Reuters) - Oil markets opened cautiously lower on Friday 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.
Corrected - Trump says U.S. tariffs could be applied to Chinese goods worth $500 billion
WASHINGTON/BEIJING (Reuters) - (Corrects headline, bullet and text to note tariffs may be imposed on goods worth $500 bln, not tariffs of $500 billion)
Trump says U.S. tariffs on Chinese goods could exceed $500 billion
WASHINGTON/BEIJING (Reuters) - President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars' worth of Chinese goods as the world's two largest economies hurtled toward the start of a trade war.
Wall Street rises on U.S.-EU trade relations optimism
NEW YORK (Reuters) - Wall Street's major indexes rose on Thursday as reports that the United States and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors.
Boeing to take over $4.75 billion Embraer unit, targeting Airbus-Bombardier
SAO PAULO/PARIS (Reuters) - Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly.
Airbus left waiting for expanded AirAsia A330neo jet deal: sources
PARIS (Reuters) - Airbus has failed to break deadlock with AirAsia over the fate of a multi-billion-dollar order seen as key to the future of its A330neo passenger jet, people familiar with the matter said.
Wall Street pares gains after release of Fed minutes
NEW YORK (Reuters) - U.S. stocks slightly pared gains on Thursday after the release of minutes from the Federal Open Market Committee's June meeting, though they remained in positive territory.
U.S., European shares rise on hints of tariff relief
NEW YORK (Reuters) - Stock markets in Europe and the United States advanced on Thursday, offsetting more losses in Asia as investors were encouraged by economic data from Germany and a report that its big carmakers could be spared from U.S. tariffs.
Trump names ex-Fox News executive to communications job
US President Donald Trump has hired former Fox News executive Bill Shine as deputy chief of staff for communications, the White House said on Thursday.
Thyssenkrupp CEO asks to step down, board to meet on Friday
BERLIN (Reuters) - Thyssenkrupp Chief Executive Heinrich Hiesinger has asked to step down less than a week after sealing a joint venture deal with India's Tata Steel that had prompted criticism from some investors.
Wall Street rises as trade fears ease; Fed minutes awaited
(Reuters) - U.S. stocks rose broadly on Thursday as the United States dialed back its stance on tariffs on European cars while moving to impose duties on Chinese goods worth $34 billion.
Thyssenkrupp CEO says resignation offer aims to spark debate about future of company
BERLIN (Reuters) - Thyssenkrupp Chief Executive Heinrich Hiesinger said on Thursday his offer to resign was meant to spark a discussion on the supervisory board about the future of the company.
Saudi Arabia raised oil output by around 500,000 bpd in June: sources
ABU DHABI (Reuters) - Saudi Arabia has told OPEC it pumped 10.488 million barrels per day (bpd) of crude oil last month, an increase of 458,000 bpd from the level it said it produced in May, OPEC sources told Reuters on Thursday.
Karnataka's Budget estimates widening deficit in 2018-19
The Karnataka Budget for fiscal 2018-19 on Thursday estimated a Rs 579.05-crore widening deficit on capital account from its Revised Estimates of Rs 105.30 crore and Budget Estimates of Rs 370.04 crore for fiscal 2017-18.
Thyssenkrupp CEO steps down days after Tata Steel merger
The CEO of German industrial giant Thyssenkrupp today announced his resignation, just days after he hailed the "historic" merger of the company's steelmaking business with Tata Steel. In a move that came as a surprise, the company announced that Heinrich Hiesinger has asked the Supervisory Board of the company to end his mandate as Chief Executive Officer of Thyssenkrupp AG "in mutual agreement". Hiesinger said: "Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp. A joint understanding of Board and Supervisory Board on the strategic direction of a company is a key pre-requisite for successfully leading a company, he said. He added: "The joint venture of our steel activities with Tata is the next significant step to turn Thyssenkrupp into a strong industrial company. We can be proud of what we achieved ...
Global automakers hail more ships as trade battles heat up
DETROIT/LONDON/SHANGHAI (Reuters) - Automakers are scrambling to ship vehicles to the United States to pre-empt possible higher tariffs, according to port data, port officials and logistics companies.