Page 3454 - Business Finance
Vegoils: Palm oil falls on weak export demand, U.S. soyoil
KUALA LUMPUR (Reuters) - Malaysian palm oil futures fell at the midday break on Monday, as weak export demand and losses in U.S. soyoil weighed.
Oil falls on OPEC's deal to raise output, but markets to remain tight
SINGAPORE (Reuters) - Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
Analysis: All about the gas: Australia primed for more M&A
MELBOURNE (Reuters) - Private equity firms are expected to drive a wave of merger activity in Australia's gas sector, hunting for bargains amid soaring demand in China, rising domestic prices and a broader oil market recovery.
Global Markets: Asian shares slip on trade worries, oil gives up some gains
TOKYO (Reuters) - Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.
Sensex makes a muted start on profit-booking, mixed Asian cues
The BSE Sensex declined about 67 points in early session today on profit-booking by speculators amid mixed Asian cues on worries over a US-China trade war. The 30-share flagship index was down 67.80 points, or 0.18 per cent, to 35,621.80. The gauge had soared 257.21 points in the previous session on Friday. Sectoral indices led by oil and gas, auto, banking, PSU, power and infrastructure stocks fell by up to 0.53 per cent. The 50-share NSE Nifty turned lower by 20.60 points, or 0.19 per cent, at 10,801.25. A depreciating rupee, which slipped 29 paise to quote at 68.13 against the dollar today, made traders all the more nervous. Hero MotoCorp, Tata Motors, ICICI Bank, ITC Ltd, Axis Bank, PowerGrid, Maruti Suzuki, ONGC, HDFC Ltd, NTPC, RIL, Yes Bank, Coal India and SBI slid up to 1.39 per cent. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,343.44 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,105.76 crore on Friday, as per ...
Market drifts lower on negative Asian stocks
Domestic stocks edged lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 54.01 points or 0.15% at 35,635.59. The Nifty 50 index was down 17.25 points or 0.16% at 10,804.60.
Oil prices fall on expected output rise in wake of OPEC deal
SINGAPORE (Reuters) - Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
Key Indian equity indices open flat
The key Indian equity indices on Monday opened on a flat to negative note.
Rupee softens by 29 paise against US dollar
The rupee weakened by 29 paise to 68.13 against the dollar in early trade today as demand for the American unit from importers and banks picked up. The domestic equity markets opening lower also put pressure on the rupee but the dollar falling to a two-week-low against the yen on global trade concerns capped the losses, dealers said. On Friday, the rupee had continued its rally for the third straight session, strengthening 14 paise to end at 67.84 against the dollar amid sustained unwinding of American currency by exporters. The benchmark Sensex fell by 56.31 points, or 0.16 per cent, to 35,633.29 in early trade today.
Tata Communications partners with Singapore based IoT star-up W-Locate
One of W-Locate's first customers using Tata Communications MOVE and IZO Private Cloud is LafargeHolcim Malaysia, part of the global LafargeHolcim Group - a leading manufacturer of building materials with a presence in around 80 countries. W-Locate will leverage Tata Communications' IoT and cloud capabilities to collect and manage LafargeHolcim Malaysia's data securely and seamlessly across borders.
Biocon gains after Bengaluru facility receives EIR from USFDA
Biocon rose 1.67% to Rs 638.95 at 9:19 IST on BSE after the company said its sterile drug product facility received establishment inspection report from the US drug regulator.
Biocon declines after US, European regulators issue observations
Biocon fell 5.46% to Rs 627.25 at 13:41 IST on BSE after the company's sterile drug product manufacturing facility in Bengaluru received observations from US and European regulators.
Gold prices climb as dollar weakens on EU-U.S. trade woes
BENGALURU (Reuters) - Gold prices edged up on Monday as a buoyant euro kept the dollar off its 11-month highs, with trade issues between the United States and the European Union further supporting the bullion.
Market may open weak
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell.
Biocon in focus after Bengaluru facility receives EIR from USFDA
Biocon announced that has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its sterile drug product manufacturing facility in Bengaluru, following the USFDA pre-approval inspection of this facility in April/ May 2018. EIR notified that the inspection stands closed. The announcement was made on Saturday, 23 June 2018.
16 More Steel Products Brought Under Quality Control Order
Ministry of Steel has decided to cover Tin Plates (IS: 1993), used in food, food additives, drug and medicines, under the mandatory quality control regime and the process is being initiated. Tin plate is largely used in packaging of food and food additives as well as drugs and medicines and beverages besides other non-critical, non-food applications. The Ministry is also considering bringing the remaining steel products under QCO in consultation with stakeholders in a phased manner.
Asian shares dogged by trade worries, oil keeps gains
TOKYO (Reuters) - Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in production.
Australian oyster industry under threat
A shortage of baby oysters is putting South Australia's oyster industry worth A$32 million ($23 million) under threat, an official said on Monday.
Australia's Commonwealth to spin off wealth, mortgage arms
Commonwealth, Australia's biggest bank, announced plans today to spin off its wealth management and mortgage-broking arms as it looks to streamline operations and focus on core businesses. The troubled lender -- the country's largest company -- is also considering selling its general insurance business. Chief executive Matt Comyn said it would unlock value for shareholders. "Today's announcement is another step in our stated priority to become a simpler, better bank and has followed a thorough review of the group's businesses and its optimal organisational structure to drive growth and shareholder value for all businesses," he said. "It also responds to continuing shifts in the external environment and community expectations, and addresses the concerns regarding banks owning wealth management businesses." The demerged business, CFS Group, will include Commonwealth's Colonial First State, Colonial First State Global Asset Management (CFSGAM), Count Financial, Financial Wisdom and ...
Iran rial plunges to new lows as U.S. sanctions loom
DUBAI (Reuters) - The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme.