Page 862 - Business Finance

Global Markets: Asia shares rally to 4-1/2-month peak on hopes of U.S.-China trade deal

TOKYO (Reuters) - Asian stocks advanced to 4-1/2-month highs on Wednesday as investors bet that Chinese and U.S. trade negotiators would be able to secure a deal to de-escalate their year-long tariff war.

Oil near 2019 highs amid OPEC cuts, U.S. sanctions

SINGAPORE (Reuters) - Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Government eases norms for start-up, raises turnover limit-operation tenure

The Centre has announced a slew of measures for the benefit of the start-up community including extending the period of availing start-up benefits to 10 years and increasing the turnover limit to 100 crores.Making these announcements on Tuesday, Minister of Commerce and Industry Suresh Prabhu said, "We have issued a gazette notification which will bring in a lot of positive changes. A lot of people had questions about what a start-up is. We can now conclusively say that the startup is an activity which will be considered up to a period of 10 years from the date of incorporation registration which was 7 years so far. Sometimes the start-up has a challenge to break-even and hence this time frame is very good."Further sharing details of the enhanced turnover cap, he said, "The turnover of an entity in a financial year since incorporation has not exceeded Rs 100 crore in place of Rs 25 crore. Earlier if you exceeded Rs 25 crore, you were not eligible for the certain benefit, now it has ...

Market may open higher

Domestic shares may mirror strength in other Asian stock markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 52 points at the opening bell.

Majesco in focus after partnering with APL

Majesco announced that American Public Life Insurance Company (APL) selected Majesco L&A and Group Core Suite platform as the foundation of its digital business transformation strategy. The announcement was made after market hours yesterday, 19 February 2019.

China central bank announces bill swaps to support bank perp issuance

SHANGHAI (Reuters) - China's central bank said that it would implement 1-year central bank bill swaps worth 1.5 billion yuan ($222.02 million) on Wednesday to improve the liquidity of banks' perpetual bonds, and support issuance of the bonds to replenish capital.

Tesla prepares to offer Model 3 leasing to boost demand: Electrek

(Reuters) - Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.

Oil near 2019 highs amid OPEC supply cuts, but rising U.S. output weighs

SINGAPORE (Reuters) - Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and expectations of an economic slowdown.

Tesla to offer Model 3 leasing products to boost demand: Electrek

(Reuters) - Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3, news website Electrek said on Tuesday, citing an email sent to employees.

Asia stocks up slightly, eyes on U.S.-China talks, Fed minutes

TOKYO (Reuters) - Asian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.

Gold prices hold at 10-month highs; markets await Fed minutes

(Reuters) - Gold prices held at 10-month highs on Wednesday, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the U.S. Federal Reserve's policy meeting minutes later in the session.

Japan's exports fall most in two years as Asia shipments weaken

TOKYO (Reuters) - Japan's exports posted their biggest decline in more than two years in January, adding to concerns about slowing global demand and trade frictions as business confidence softens and orders for the country's machinery goods fell sharply.

Ford to close oldest plant in Brazil, costing 2,700 jobs

SAO PAULO/DETROIT (Reuters) - Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world.

Devon Energy beats production estimates in fourth quarter

(Reuters) - Oil and gas producer Devon Energy Corp beat quarterly production estimates on Tuesday on the strength of its U.S. shale assets and forecast a strong year ahead, sending its shares up 6 percent after the bell.

Kellogg, Mondelez stock up on Pringles, Milka for fear of Brexit

CHICAGO (Reuters) - As Brexit looms, Kellogg Co and Mondelez International Inc are taking measures to protect Britons from a potential shortage of Pringles chips, BelVita biscuits and Milka chocolate.

Walmart holiday-quarter sales jump, says consumers still spending

(Reuters) - Walmart Inc posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending despite recent signs of a slowdown.

LendingClub forecasts bigger-than-expected first-quarter loss

(Reuters) - Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday, and revenue that missed Wall Street estimates, sending its shares down 5 percent in after-market trading.

Wall Street rises modestly on Walmart bump

NEW YORK (Reuters) - U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington.

Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

NEW YORK (Reuters) - New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth or inflation shifts to an unexpectedly higher gear.

Brent dips as demand worries weigh, US oil prices hit 2019 high

A fresh round of talks aimed at resolving the trade dispute between the United States and China began on Tuesday in Washington