Page 3354 - Business Finance
Apple partnering with HPE on enterprise-related operations: Report
Apple has roped in a new partner, Hewlett Packard Enterprise (HPE), to expand its enterprise-related operations, the media reported.
Taiwan businessman indicted over North Korea oil sales
A Taiwanese businessman has been indicted over illegal oil sales to North Korea, prosecutors said today, flouting UN sanctions against the nuclear-armed regime. Taiwanese authorities launched a probe into Chen Shih-hsien in January after Seoul said it had detained a Hong Kong-registered ship suspected of transferring oil to a North Korean vessel. Chen has now been charged with forgery for making a false declaration that a ship he had chartered was bound for Hong Kong when it actually sailed to international waters to sell oil, Kaohsiung district prosecutors said in a statement. "Chen was well aware that the oil he purchased was being shipped to international waters for sale... and made four false declarations in 2017," the statement added. Taiwan announced in September it was banning all trade activities with North Korea. Local media have reported that Chen sold oil products through "a Chinese middleman". However, Chen has insisted to reporters that he was "framed by China" and ...
Crude oil futures slide 0.78% on global cues
Crude oil drifted lower by 0.78 per cent to Rs 5,086 per barrel in futures trade today as speculators cut down their bets, driven by weak trend overseas. At the Multi Commodity Exchange, crude oil for delivery in July fell by Rs 40 or 0.78 per cent to Rs 5,086 per barrel in business turnover of 2,161 lots. On similar lines, crude for delivery in August declined by Rs 35 or 0.70 per cent to Rs 4,944 per barrel in 58 lots. Analysts said trading sentiment dampened as oil prices fell in global markets after US President Donald Trump sent a strident tweet demanding that OPEC must cut prices for crude. Globally, West Texas Intermediate (WTI) crude oil was down 29 cents or 0.40 per cent to USD 73.85 barrel, while Brent too shed 56 cents, or 0.70 per cent to USD 77.68 a barrel on the New York Mercantile Exchange.
Goldman Sachs says maintains bullish view on commodities
(Reuters) - Goldman Sachs Commodities Research said it remains bullish on commodities and views the current weakness in the complex as a buying opportunity.
Global Markets: Asian equities extend losses on eve of U.S. tariff deadline
TOKYO (Reuters) - Asian stocks fell for the fourth day and major currencies traded in tight ranges on Thursday, with financial markets jittery before a U.S. deadline to impose tariffs on Chinese imports just a day away.
Reliance Brands acquires 12.5% stake in Future101 Design
Future101, incorporated in July, 2013 is engaged in manufacturing, distribution and sale of luxury apparels, etc. in India. Future101 belongs to a similar industry as Reliance Brands. The company expect growth in this sector and value creation from this investment.
Volumes jump at Redington India Ltd counter
Redington India Ltd saw volume of 6.54 lakh shares by 10:47 IST on BSE, a 34.49 fold spurt over two-week average daily volume of 18965 shares
Som Distilleries advances after acquisition of brewery unit
Som Distilleries & Breweries rose 1.76% to Rs 239.80 at 10:47 IST on BSE after the company's subsidiary acquired a brewery unit in Odisha for Rs 46 crore.
China warns U.S. 'opening fire' on world with tariff threats
BEIJING (Reuters) - The United States is "opening fire" on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant U.S. measures go into effect as the two locked horns in a bitter trade war.
Focus: Bar by bar, Heineken battles AB Inbev in Brazil
SAO PAULO/BRUSSELS (Reuters) - Sao Paulo bar owner Arthur Santi has long served up boatloads of ice-cold Skol, one of Brazil's most popular beer brands and a mainstay of brewing giant Ambev SA.
Gold holds steady amid softer dollar ahead of Fed minutes
BENGALURU (Reuters) - Gold prices traded in a narrow range on Thursday, after hitting a one-week high in the previous session, amid an easing dollar and as the markets awaited minutes from the U.S. Federal Reserve's June policy meeting later in the day.
Market turns range bound
Key benchmarks were almost flat in morning trade. At 10:24 IST, the barometer index, the S&P BSE Sensex, was down 2.44 points or 0.01% at 35,642.96. The Nifty 50 index was down 1 points or 0.01% at 10,768.90. Investors were cautious ahead of a deadline when tariffs from the US and China are due to be enforced.
Jaguar says 'bad Brexit' would mean it could not stay in UK
EDINBURGH (Reuters) - Britain's biggest carmaker Jaguar Land Rover said on Wednesday a so-called "hard Brexit" would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future operations in the United Kingdom.
China Stocks extend losses ahead of US tariff on Chinese goods
China markets have taken a hit ahead of the Friday deadline, with the benchmark Shanghai composite last week falling into bear market territory, referring to a drop of at least 20% from recent highs.
Japan Stocks fall amid US-China trade-war frictions
Market participants were concerns over the negative implications of the US trade war with rest of the world. A trade war between the US and the rest of the world may lead to a global financial crisis. The United States is due to impose the tariffs on Chinese exports on July 6. The US also imposed tariffs on cars from Europe. Although Japan has not been on the receiving end of U.S tariffs, a global trade war could be devastating for the Japanese economy, which is heavily dependent on its export sector.
Va Tech Wabag sizzles on fund raising plan
Va Tech Wabag gained 2.49% to Rs 379.25 at 10:05 IST on BSE after the company scheduled a board meeting on 9 July 2018 to consider and approve the fund raising proposal.
Australia Market gains on bargain hunting
Local market traded in green territory after a flat opening, as investors chased for bottom hunting on recently battered stocks. However, market topside was capped as investors were concerns over the negative implications of the US trade war with rest of the world. A trade war between the US and the rest of the world may lead to a global financial crisis. The United States is due to impose the tariffs on Chinese exports on July 6. The US also imposed tariffs on cars from Europe.
Oil falls as Trump urges OPEC to cut prices; potential China duty on U.S. crude looms
SINGAPORE (Reuters) - Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude.
Mastek allots 57,863 equity shares
Under ESOP
Biocon in pink of health after EU GMP certification
Biocon rose 1.1% to Rs 635.10 at 9:39 IST on BSE after the company announced that it has received the EU GMP certification for its sterile drug product manufacturing facility in Bangalore.