Page 3854 - Business Finance
Asia markets lower on renewed U.S.-China trade concerns
SHANGHAI (Reuters) - Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
Global Markets: Asia markets lower on renewed U.S.-China trade concerns
SHANGHAI (Reuters) - Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
ECB set to look through tepid inflation, end QE this year: Reuters poll
BENGALURU (Reuters) - The European Central Bank will finish its stimulus programme by the end of 2018, according to a Reuters poll of economists, despite nearly half of those surveyed saying it was not in control of inflation.
Comcast prepares to top Disney's $50 billion offer for Fox
(Reuters) - Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox , setting up a bidding war with rival Walt Disney Co , which already has agreed to a $52-billion deal with Fox.
Trump may impose tariffs on car imports in latest trade move: sources
WASHINGTON (Reuters) - The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminium and steel, an administration official and three industry officials briefed on the matter said.
Ackman makes roughly $1 billion bet on Lowe's
(Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , revealing his third large investment this year.
Exclusive: Bain wins $1 billion rescue of Italian engineer Trevi - sources
LONDON/MILAN (Reuters) - Italian engineering firm Trevi has chosen Bain Capital Credit for a rescue deal worth more than 900 million euros ($1.06 billion), four sources told Reuters.
Oil falls on shock U.S. stock builds, OPEC supply worries
NEW YORK (Reuters) - Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran and Venezuela.
Tesla shares seen rising despite 'fever pitch' of bad news: analyst
SAN FRANCISCO (Reuters) - Negative news stories about Tesla Inc have hit "fever pitch", but the electric carmaker's stock price is likely to surge as output of its Model 3 sedan improves, according to an analyst research report.
Wall Street ends up as Fed seen keeping gradual approach to rate hikes
NEW YORK (Reuters) - U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes.
Global Markets: Equities pare losses, dollar gains cut after Fed minutes amid U.S.-China trade concerns
NEW YORK (Reuters) - Global stock markets pared losses and the dollar cut gains on Wednesday after the release of minutes from the U.S. Federal Reserve's May 1-2 meeting amid heightened concerns that setbacks to U.S.-China trade talks would undermine world economic growth.
MobiKwik launches UPI on platform, offers own VPA handle
Leading digital financial services platform, MobiKwik, on Wednesday announced the launch of Unified Payments Interface (UPI) on its platform via its own Virtual payment address (VPA) handle @ikwik.MobiKwik's users can, by default, use their mobile number as their own VPA which will be '@ikwik'.They will also be able to link multiple bank accounts with just one VPA and users can change primary account as per their requirements.Users can simply scan and generate UPI QR functionality to send and receive money using VPA and phone number from the contact list.If the receiver is also registered in Mobikwik UPI ecosystem, sender can send money by selecting his contact from phone book without remembering VPA domain. It will also be possible for the users to request money using UPI on the MobiKwik app."Our strength lies in user experience, the wide network of merchants and the numerous daily life use-cases we power. We intend to provide all payments options, including wallets, virtual cards ...
Ackman takes stake in Lowe's, stock price surges
(Reuters) - Billionaire investor William Ackman said on Wednesday that his hedge fund had taken a roughly $1 billion stake in Lowe's , boosting the U.S. home improvement retailer's stock by 10.4 percent.
China signals to state giants: 'Buy American' oil and grains
SINGAPORE/BEIJING (Reuters) - China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.
Lendingkart Finance disburses 25,000 loans to MSMEs across 1000 Indian cities
Lendingkart Finance Limited, one of the leading Non-Banking Financial Companies (NBFCs) in the MSME financing space and part of Lendingkart Group, has expanded its reach to 1000 cities in India.Disbursing more than 25,000 loans across 26 diverse sectors and over 100 sub-industries, Lendingkart Finance has emerged as the fastest growing and largest digital lender in the country that caters to the MSME space."Over the last couple of years, Lendingkart Group has been able to build a robust technology stack with strong data analytics skills that has allowed us to effectively appraise thousands of borrowers and give them access to finance. We understand the needs and pain points of the MSME segment and are continually innovating and evolving to offer better credit access solutions," said Harshvardhan Lunia, CEO and co-founder, Lendingkart Technologies."Formed with a vision to fund MSMEs and provide them easy and economical source of funding, Lendingkart Group has today reached a stage ...
GE cannot guarantee dividend, still fixing some units, CEO says
NEW YORK (Reuters) - General Electric Co cannot guarantee its 2019 dividend and is still fixing its power and capital units, Chief Executive John Flannery said on Wednesday, sending the industrial conglomerate's stock down nearly 8 percent.
Most Fed policymakers say rate hike likely needed 'soon,' minutes show
WASHINGTON (Reuters) - Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact, minutes of the central bank's last policy meeting showed.
Tata Motors' narrows Q4 standalone net loss
Automobile major Tata Motors on Wednesday said that it has reduced its net loss to Rs 499.94 crore during the fourth quarter of 2017-18.
Haptik ropes in Kartik Poddar as business head for its enterprise vertical
Underlining its commitment to build on its strong domain leadership and to drive continued business growth; leading conversational Artificial Intelligence (AI) platform, Haptik recently appointed Kartik Poddar as the business head of its enterprise vertical.In his role, Kartik shall lead the go-to-market (GTM) and revenue generation efforts of Haptik's enterprise business.He will work closely with customers across India and the United States to drive the adoption of Haptik's advanced conversational AI platform amongst enterprises.Bringing more than a decade's worth of experience in the fields of product management and marketing, Kartik has previously worked with leading technology businesses such as Komli Media and Microsoft.Part of the initial team at Komli, he led product initiatives for the company's audience measurement and re-targeting platforms, along with driving its product marketing and GTM efforts across the Asia-Pacific (APAC) market.At Microsoft, Kartik was a part of the ..
Global Markets: Fed minutes cut equities losses, dollar's gains amid U.S. - China trade concerns
NEW YORK (Reuters) - Global stocks pared losses and the dollar cut gains on Wednesday after the release of minutes from the Federal Reserve's May 1-2 meeting amid heightened concerns that setbacks to U.S.-China trade talks would undermine world economic growth.