Page 3723 - Business Finance
Trade conflict undermines investor confidence
NEW YORK (Reuters) - Investor concerns over U.S. trade policy overshadowed worries about political instability in Italy, driving equity prices lower on Thursday.
Wall St. slips on renewed trade-war worries but posts monthly gains
NEW YORK (Reuters) - U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners.
Goldman Sachs vice president charged with insider trading
NEW YORK (Reuters) - Federal prosecutors charged a vice president at Goldman Sachs Group Inc on Thursday with insider trading by illegally using non-public information about several companies that were clients of the investment bank.
Goldman Sachs vice president charged with insider trading
He was charged with six counts of securities fraud and one count of conspiracy
 "Goldman Sachs vice president charged with insider trading")
U.S. hits allies with tariffs as risk of trade war rises
WASHINGTON/PARIS (Reuters) - The United States on Thursday said it will impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.
Exclusive: Russia's Deripaska empire bets on mid-summer plan to escape U.S. sanctions
LONDON (Reuters) - The aluminium empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters.
U.S. crude tumbles, widening Brent's premium to 3-year high
NEW YORK (Reuters) - U.S. oil fell nearly 2 percent on Thursday, despite a larger-than-expected decline in U.S. crude inventories, while global benchmark Brent was little changed, pushing the spread between the two to its widest in more than three years.
Mistry refutes charges over AirAsia India woes
Former Tata Sons Chairman Cyrus Mistry on Thursday denied "malicious and defamatory allegations" levelled against him over AirAsia India woes.
Walmart launches order-by-text service to challenge Amazon Prime
BENTONVILLE, Ark. (Reuters) - Walmart Inc is starting a new same-day delivery service where customers can place orders using a text message, another step in its effort to scale up its e-commerce offerings and compete with rival Amazon.com Inc .
Wall St. slips as U.S. tariffs spark trade war fears
(Reuters) - U.S. stocks fell on Thursday after the United States moved to impose metal tariffs on imports from Canada, Mexico and the European Union, prompting a tit-for-tat response from some of its trading partners.
Venezuela halts payments to ONGC, San Cristobal imperiled
NEW DELHI (Reuters) - Venezuela's state oil company PDVSA has halted payment to India's ONGC Videsh Ltd (OVL), Managing Director N K Verma said on Thursday, a move that could threaten the future financing of the San Cristobal energy project in the sanctions-hit South American nation.
Banking services hit in Rajasthan as employees' strike continues for 2nd day
Banking services remained disrupted for the second consecutive day today in Rajasthan with around 30,000 employees remaining on strike to protest a 2 per cent salary hike offered by the Indian Banks Association -- the management body. "In two days strike, transaction of Rs 20,000 crore was affected in the state. 30,000 employees remained on strike and 5,500 bank branches were closed," the United Forum of Banking Unions' Rajasthan convener, Mahesh Mishra, said. He said that a protest was held at Ambedkar Circle in Jaipur today. In Sikar, transaction of Rs 500 crore was affected as 2,000 employees remained on strike and 350 bank branches remained closed. Employees lodged a protest at SBI Kotwali Road branch, an official of the union said.
India, Singapore ink 14 MoU
A range of Memorandum of Understanding (MoU) was signed between India and Singapore in the presence of the heads of various conglomerates during the event at Marina Bay Sands Convention Centre in Singapore.Prime Minister Narendra Modi addressed the business-cum-community event named 'Anushasanam', where various heads of both Indian and Indonesian companies were present.A total of 14 Business to Business and Business to Government were signed in the event.B & B2G documents were announced in the event.Ministry of External Affairs spokesperson Raveesh Kumar tweeted, "14 B2B & B2G documents were announced in the presence of PM @narendramodi between the India and Singapore."A project between Tata Education and Development Trust and ITE Education Services Singapore was introduced in the event as part of a number of Indian institutes of skills will be set up.While promoting the Make In India initiative Singapore and Association of Southeast Asian Nations (ASEAN), a Memorandum of ...
Deutsche Bank's U.S. operations deemed 'troubled' by Fed a year ago - WSJ
FRANKFURT (Reuters) - The United States Federal Reserve last year designated Deutsche Bank AG's U.S. operations to be in "troubled condition", The Wall Street Journal reported on Thursday, citing people familiar with the matter.
U.S. steel tariffs a concern as G7 finance ministers meet in Canada
WHISTLER, British Columbia (Reuters) - A U.S. move to impose tariffs on aluminium and steel imports from Canada, Mexico and the European Union overshadowed a gathering of G7 finance ministers and central bankers on Thursday, amid fears a trade war will imperil global economic growth.
Brent hits largest premium to U.S. crude since 2015
NEW YORK (Reuters) - U.S. crude oil futures recovered some losses on Thursday after a larger-than-expected decline in inventories, but U.S. futures remained under pressure in comparison to global Brent crude, which rallied to push the spread between the two to the highest level in more than three years.
'Govt working on long-term plan to curb, control fuel prices'
The Union government is working on a long-term plan to provide relief to people from rising fuel prices, Union Minister Piyush Goyal today said. "International crude oil prices have risen sharply in recent times, which have impacted the prices of petrol and diesel in the country. "The Centre, in consultation with states, is making a long-term plan so that the prices could be reduced and controlled in future," Goyal said at a press conference here. Asked for details of this plan and when it would be introduced, the minister said, "We will announce it at the right time." On the demand of bringing petroleum products under the Goods and Services Tax (GST), Goyal said, "I hope there will be a discussion on bringing petroleum products under the new tax regime at the next meeting of GST Council." "The petroleum minister has also said that the GST Council meeting should discuss this issue to create a consensus," he said. The central government is using every rupee of the tax collected on ...
Wall Street slips as U.S. tariffs spark trade war fears
(Reuters) - U.S. stocks fell on Thursday after the United States moved to impose metal tariffs on imports from Canada, Mexico and the European Union, prompting a tit-for-tat response from some of its trading partners.
Higher coal, cement production boost factory output
Favourable base effect, along with higher production of coal and cement, gave a boost to India's eight major industries' output in April 2018, official data showed on Thursday.
Government meets 2017-18 fiscal deficit target
The Central government broadly met its revised fiscal deficit target of 3.5 per cent for financial year 2017-18, official data showed here on Thursday.