Page 846 - Business Finance
Benchmarks trade almost flat
Key benchmark indices were trading near flat line in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was flat at 35,756.51. The Nifty 50 index was down 10.30 points or 0.10% at 10,725.15.
Fed wants balance sheet to align with rate policy: Daly
PALO ALTO, Calif. (Reuters) - With the U.S. economy facing significant headwinds, the Federal Reserve should align its balance sheet policy with its new "patient" approach to interest rates, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday.
Standard Chartered sets aside $900 milllion to cover U.S., British fines
(Reuters) - Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent.
Dr. Reddy's Labs in focus on re-launch of generic Suboxone film in US
Dr. Reddy's Laboratories, along with its subsidiaries announced the re-launch of its Buprenorphine and Naloxone Sublingual Film, 2 mg/0.5 mg, 4 mg/1 mg, 8 mg/2 mg, and 12 mg/3 mg, a therapeutic equivalent generic version of Suboxone (buprenorphine and naloxone) sublingual film, in the United States market. The announcement was made after market hours yesterday, 20 February 2019.
Shares may slide at opening bell
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 26 points at the opening bell on negative cues from other Asian shares.
Gold hovers near 10-month peak amid steady dollar after Fed minutes
(Reuters) - Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
GLobal Markets: Asia shares steady after Fed minutes, Aussie rallies
TOKYO (Reuters) - Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks.
Japan manufacturing shrinks for first time since 2016 amid trade war: PMI
TOKYO (Reuters) - Japanese manufacturing activity contracted in February for the first time in two-and-a-half years as factories cut output amid shrinking domestic and export orders, a private business survey showed on Thursday.
Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela
SINGAPORE (Reuters) - Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran.
PC maker Lenovo returns to third quarter profit, beats estimates
HONG KONG (Reuters) - Lenovo Group Ltd said on Thursday it swung back to a net profit in the December quarter, beating market expectations, due to a strong performance across its major business groups.
Japan February manufacturing shrinks for first time since 2016 amid trade war: flash PMI
TOKYO, Feb 21 (Reuters) - Japanese manufacturing activity contracted in February for the first time in two-and-a-half years as factories cut back output amid shrinking domestic and export orders, a private business survey showed on Thursday.
Southwest shares drop as mechanics dispute escalates
(Reuters) - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
Canada to release budget, outline better drug coverage
OTTAWA (Reuters) - The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19 and outline ways to provide more access to prescription drugs, Finance Minister Bill Morneau said on Wednesday, confirming a report from Reuters.
HSBC co-head of global banking to leave: source
(Reuters) - Robin Phillips, HSBC Holdings Plc's co-head of global banking, will depart in the coming months, a source familiar with the matter said on Wednesday.
Exclusive: Lyft plans to launch its IPO roadshow week of March 18 - sources
(Reuters) - Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
Exclusive: Lyft plans to launch its IPO roadshow week of March 18 - sources
(Reuters) - Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
Standard Chartered fined $133 million by Britain's financial watchdog
(Reuters) - Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.
Global Markets: Stocks rise on U.S.-China trade hopes; oil up again
NEW YORK (Reuters) - An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent - sources
SAO PAULO (Reuters) - Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds' face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.
GoDaddy first-quarter revenue forecast misses estimates
(Reuters) - GoDaddy Inc forecast current-quarter revenue on Wednesday that missed analysts' estimates, sending its shares down more than 2 percent and overshadowing the web hosting company's strong fourth-quarter results.