Page 3871 - Business Finance
Gold edges up; market eyes China-U.S. trade talks, Fed minutes
BENGALURU (Reuters) - Gold prices rose slightly on Wednesday amid a firm dollar and uncertainty over the outcome of U.S.-China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.
Rupee falls to fresh 16-mth low, drops 25 paise against dollar
The rupee declined 25 paise to hit a fresh 16-month low of 68.29 per dollar in early trade today ahead of the minutes of US Federal Reserve's last policy meet scheduled to be released later in the day. The greenback strengthened against most global currencies as investors await hints on the pace of further US monetary tightening amid sustained capital outflows, forex dealers said. Weakness in the domestic stock market and demand for the US currency from importers also weighed on the rupee, they added. Yesterday, the rupee had gained 8 paise to close at 68.04 against the US dollar on fresh selling of the American currency by banks and exporters. Meanwhile, the benchmark BSE Sensex fell by 30.57 points, 0.08 per cent, to in early trade today.
Outcome of board meeting of CARE Ratings
Held on 22 May 2018
Oil dips as market eyes possible easing of OPEC supply curbs
SINGAPORE (Reuters) - Oil prices edged lower on Wednesday with the possibility of higher OPEC output weighing on the market, although geopolitical risks are expected to keep prices near multi-year highs.
Shares may slide on mixed Asian cues
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 23 points at the opening bell, tracking mixed cues from other Asian shares.
Cipla may sweeten after turnaround Q4 outcome
Cipla reported consolidated net profit of Rs 153.25 crore in Q4 March 2018 as compared with net loss of Rs 62.79 crore in Q4 March 2017. Total income rose 3.69% to Rs 3737.98 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 22 May 2018.
SoftBank says selling its entire Flipkart stake to Walmart
TOKYO (Reuters) - SoftBank Group Corp said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart Inc.
Gold rises, market eyes U.S.-China trade talks, Fed minutes
BENGALURU (Reuters) - Gold prices rose on Wednesday amid a steady dollar and uncertainty over the outcome of U.S.-China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for U.S. interest rates.
Asian shares tentative as Trump tempers Sino-U.S. trade optimism
TOKYO (Reuters) - Asian shares edged up on Wednesday but investors were cautious after U.S. President Donald Trump tempered optimism over progress made so far in trade talks between the world's two largest economies.
Oil dips after rally, OPEC may ease supply curbs
SINGAPORE (Reuters) - Oil prices edged lower on Wednesday as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market.
U.S. House votes to ease post-crisis bank rules in victory for Trump
WASHINGTON (Reuters) - The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory.
Australia's Santos rejects $10.8 billion Harbour Energy bid, ends talks
SYDNEY (Reuters) - Australia's Santos on Tuesday ended talks with Harbour Energy and rejected the U.S.-based firm's $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge.
Wall St. slips on U.S.-China trade talk uncertainty; energy falls
NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday, weighed down by lingering uncertainty over the outcome of trade talks between the United States and China and declines in energy and industrial shares.
Brent rises on supply concerns, U.S.-China trade worries weigh
NEW YORK (Reuters) - Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not pleased with U.S.-China trade talks.
Wall St. dips on latest U.S.-China comments, European shares rally
New York (Reuters) - Global stock markets tipped downward on Tuesday as Wall Street investors locked in recent gains while taking a cautious view of fresh U.S.-China comments even as European shares approached four-month peaks and China moved to further open up its economy.
Wall St. slips as trade talk comments digested; energy falls
NEW YORK (Reuters) - U.S. stocks mostly dipped on Tuesday as investors weighed comments on trade talks between the United States and China and as energy and industrial shares fell.
Global stocks little changed amid U.S. profit-taking, Europe rally, China moves
New York (Reuters) - World stock markets were little changed on Tuesday as Wall Street investors locked in recent gains even as European shares approached four-month peaks and China moved to further open up its economy.
Global stocks mixed amid Wall Street profit taking, European rally, China moves
New York (Reuters) - Global stocks were mixed on Tuesday as Wall Street investors locked in recent gains while European shares approached four-month peaks as pressure eased on Italy's debt markets and as China moved to further open up its economy.
Fortis to disclose EGM outcome on Wednesday
Fortis Healthcare will disclose the outcome of its Extraordinary General Meeting (EGM) on Wednesday, a company spokesman said.