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Page 831 - Business Finance

Silver futures up 0.11% on global cues

Silver futures traded higher by 0.11 per cent at Rs 40,208 per kg Friday after speculators raised bets driven by a firm trend overseas. Silver for delivery in March traded higher by Rs 44, or 0.11 per cent, at Rs 40,208 per kg in a business turnover of 13,004 lots at the Multi Commodity Exchange. The white metal to be delivered in May also rose by Rs 73, or 0.18 per cent, to Rs 40,820 per kg in 5,194 lots. Analysts said widening of positions by traders, in sync with a firm trend overseas, influenced silver prices at futures trade here. In the international market, silver traded higher by 0.64 per cent at USD 15.90 an ounce in Singapore Friday.

Updated On : 22 Feb 2019 | 2:10 PM IST

China Stocks gain on trade deal hopes

Investors continue to closely watch high-level talks between U.S. and Chinese trade negotiators in Washington, with little more than a week left before a U.S.-imposed deadline for an agreement expires, triggering higher tariffs. U.S. and Chinese negotiators have started to iron out specific details of a possible trade deal. The report said agreements in principle are being drawn up in six key areas: forced technology transfers and cyber theft, intellectual-property rights, services, currency, agriculture and non-tariff barriers to trade. Negotiators have continued talks in Washington this week, following a round of discussions last week in Beijing. President Donald Trump earlier said that a March 1 deadline isn't a magical date, which investors took as a sign that tariffs on imports of Chinese goods may not automatically rise next month if progress continues toward a deal.

Updated On : 22 Feb 2019 | 2:05 PM IST

Former Enron CEO Skilling released from federal custody after 12 years

Former Enron CEO Jeffrey Skilling has been released from a federal custody after spending 12 years in prison for his role in masterminding one of most notorious corporate frauds in history, the Bureau of Prisons has said. Skilling, 65, was released on Thursday after serving 12 years in prison and six months in a halfway house after being convicted for his actions that led to one of the worst corporate meltdowns in history. He was convicted of 19 counts of conspiracy, securities fraud, insider trading and lying to auditors in connection with the collapse of the Houston-based energy giant. The company collapsed into bankruptcy in 2001 under the weight of years of illicit business deals and accounting tricks. Skilling was sentenced to 24 years in prison, but was able to walk free sooner due to a reduced sentence. In August, Skilling was released to a halfway house at an undisclosed location from a minimum security federal prison camp in Alabama. Skilling was the highest-ranking executive

Updated On : 22 Feb 2019 | 2:00 PM IST

Oracle Financial Services Software Ltd drops for fifth straight session

Oracle Financial Services Software Ltd is quoting at Rs 3451, down 0.41% on the day as on 13:19 IST on the NSE. The stock tumbled 14.42% in last one year as compared to a 2.71% rally in NIFTY and a 21.45% spurt in the Nifty IT index.

Updated On : 22 Feb 2019 | 1:51 PM IST

United Spirits Ltd edges up 0.62%, gains for fifth straight session

United Spirits Ltd is quoting at Rs 539.8, up 0.62% on the day as on 12:49 IST on the NSE. The stock is down 16.67% in last one year as compared to a 2.82% jump in NIFTY and a 9.55% jump in the Nifty FMCG.

Updated On : 22 Feb 2019 | 1:51 PM IST

Zinc futures rise 0.42 pc on spot demand

Zinc prices rose by 0.42 per cent to Rs 192.75 per kg in futures trade Friday, tracking a firm trend at the physical market on the back of pick up in demand. At the Multi Commodity Exchange, zinc for February was trading higher by 80 paise, or 0.42 per cent, at Rs 192.75 per kg with a business turnover of 4,226 lots. Marketmen said widening of positions by participants following pick up in demand from consuming industries kept zinc prices higher.

Updated On : 22 Feb 2019 | 1:50 PM IST

Asia's surging fuel exports depress refining industry profits

SINGAPORE (Reuters) - Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits.

Updated On : 22 Feb 2019 | 1:45 PM IST

Aluminium futures up 0.19% on spot demand, global cues

Aluminium prices inched up by 0.19 per cent to Rs 134.85 per kg in futures trade on Friday as speculators created fresh positions amid rising spot demand and positive overseas trend. At the Multi Commodity Exchange, aluminium for delivery in February edged up by 25 paise, or 0.19 per cent, to Rs 134.85 per kg in 3,618 lots. Analysts said positions built up by participants on the back of rising demand from consuming industries in the physical markets, coupled with positive global cues, led to the rise in aluminium prices.

Updated On : 22 Feb 2019 | 1:35 PM IST

Copper futures rise on domestic spot demand

Copper futures traded 0.45 per cent higher at Rs 457.40 per kg Friday amid pick up in domestic demand at the spot market. At the Multi Commodity Exchange, copper for delivery in current month traded higher by Rs 2.05, or 0.45 per cent, to quote at Rs 457.40 per kg in a business turnover of 11,630 lots. Market analysts said increased demand from consuming industries mainly influenced copper prices at futures trade.

Updated On : 22 Feb 2019 | 1:25 PM IST

South Indian Bank Ltd up for third consecutive session

South Indian Bank Ltd is quoting at Rs 13.4, up 1.13% on the day as on 12:49 IST on the NSE. The stock is down 50.19% in last one year as compared to a 2.78% jump in NIFTY and a 7.35% jump in the Nifty Private Bank index.