Page 833 - Business Finance
BEML advances after signing partnership with Lockheed Martin
BEML rose 3.27% to Rs 812 at 09:55 IST on BSE after the company signed a certificate of partnership with Lockheed Martin Aeronautics Company to explore global & domestic opportunities.
EU debates how and when to start trade talks with Trump
BUCHAREST (Reuters) - European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.
Chinese search giant Baidu beats on ad sales but streaming costs surge
BEIJING (Reuters) - Chinese search engine operator Baidu Inc beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi.
Japan Nikkei falls on weak economic data
Concerns about slowing global growth were underscored by the release of fresh economic surveys from Europe and Japan that showed manufacturing contracting in February, with export-dependent German manufacturers reporting the worst drop in activity in more than six years amid the US-China trade fight..
Australia Market recovers 0.44%
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 nontariff 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.
Sensex, Nifty open flat; financials in red
The Sensex and Nifty opened on a flat note on Friday as the key banking and finance stocks traded lower.
JSW Steel Ltd Slides 1.61%
JSW Steel Ltd has lost 2.75% over last one month compared to 3.94% fall in S&P BSE Metal index and 0.8% drop in the SENSEX
Housing Development & Infrastructure Ltd Spurts 1.77%
Housing Development & Infrastructure Ltd has lost 14.53% over last one month compared to 1.33% fall in S&P BSE Realty Index index and 0.67% drop in the SENSEX
Dynamatic Tech surges after signing MoU with SAAB Technologies
Dynamatic Technologies gained 3.98% to Rs 1,399.90 at 09:21 IST on BSE after the company signed a memorandum of understanding with SAAB Technologies with an intent to explore future joint opportunities.
Benchmarks trade lower on negative global cues
Key benchmark indices were trading lower in early trade, tracking negative leads from Asian markets and overnight decline on the Wall Street. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 28.42 points or 0.08% at 35,869.93. The Nifty 50 index was down 18.20 points or 0.17% at 10,771.65.
Global Markets: Asia shares fall as weakening global outlook offsets trade progress
SHANGHAI (Reuters) - Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.
Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands
(Reuters) - Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry.
Oil prices fall as U.S. crude output hits record 12 million bpd
SINGAPORE (Reuters) - Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.
Rupee gains 2 paise to 71.22 vs USD
The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows. At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee had skidded by 13 paise to close at 71.24 against the US dollar Thursday. Foreign institutional investors (FIIs) net bought equities worth Rs 55 crore Thursday while domestic institutional investors bought shares to the tune of Rs 202 crore, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.25 per cent lower at USD 66.90 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, traded flat at 96.60. Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday.
Tata Steel in focus on fund raising plan
Tata Steel has informed BSE that the meeting of the board of directors of the company is scheduled on 26 February 2019, inter alia, to consider and approve the issuance of unsecured Non-Convertible Debentures on private placement basis. The announcement was made after market hours yesterday, 21 February 2019.
Negative global cues may trigger selling
Market is seen opening lower, tracking negative leads from Asian markets and overnight decline on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 21 points at the opening bell.
China, Saudi to boost financial cooperation
China and Saudi Arabia on Thursday agreed to further boost financial cooperation, media reported.
Gold prices edge up on trade talk hopes, but Fed stance caps gains
(Reuters) - Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs the U.S. Federal Reserve could raise interest rates again this year kept prices below 10-month highs hit this week.
Japan's consumer inflation ticks up but still distant from BOJ's goal
TOKYO (Reuters) - Japan's annual core consumer inflation accelerated slightly in January but remained distant from the central bank's 2 percent target, reinforcing market expectations the country is nowhere near an exit from ultra-loose monetary policy.
Singapore lender OCBC's fourth quarter profit falls 10 percent, cautions on economic growth
SINGAPORE (Reuters) - Oversea-Chinese Banking Corp Ltd warned of slower economic growth after Singapore's second-biggest listed lender missed market estimates with a 10 percent drop in quarterly profit, due to a weak performance in its insurance business.