Page 952 - Business Finance
Asia stocks wait on Sino-US talks, China trade data
SYDNEY (Reuters) - Asian stock markets started in a cautious mood on Thursday as investors hoped for progress in the latest Sino-U.S. tariff talks while bracing for China trade data that are expected to show further falls in both exports and imports.
China's bad debt managers risk becoming bad credits themselves
SHANGHAI/SINGAPORE (Reuters) - China's bad debt managers, whom Beijing hopes to play a key role in resolving financial risks, are in danger of becoming bad credits themselves as the leverage crackdown that fuelled a boom in their business now threatens their own access to funding.
More cash, less control: New mantra for Malaysia's Khazanah
KUALA LUMPUR/SINGAPORE (Reuters) - Malaysian sovereign wealth fund Khazanah Nasional will unveil a plan this month to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence in spots such as London, sources told Reuters.
Corrected: AIG swings to loss, hit by catastrophes and volatile market
(Reuters) - American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.
CORRECTED: Wall Street advances on trade hopes, tame inflation data
NEW YORK (Reuters) - Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
Wall Street advances on trade hopes, tame inflation data
NEW YORK (Reuters) - Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term.
AIG swings to loss, hit by catastrophes and volatile market
(Reuters) - American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.
Oil gains on Saudi output cuts; rally limited by U.S. output
NEW YORK (Reuters) - Oil prices rose almost 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling U.S. crude inventories limited the day's gains.
Optimism over U.S.-China trade deal lifts equity markets
NEW YORK (Reuters) - Hopes for a resolution in a prolonged trade spat between the United States and China helped extend a week-long rally in world stock markets on Wednesday, and bond yields also climbed.
Cisco quarterly revenue, profit beat estimates, shares rise
(Reuters) - Cisco Systems Inc reported second-quarter revenue and profit above Wall Street estimates on Wednesday, as the network gear maker benefited from strong growth in its newer businesses such as application software and cyber security.
CORRECTED: Cisco quarterly revenue beats estimates
(Reuters) - Cisco Systems Inc reported second-quarter revenue that beat Wall Street estimates on Wednesday, as the network gear maker benefited from its shift to newer businesses such as application software and cyber security.
Cisco quarterly revenue beats estimates
(Reuters) - Cisco Systems Inc reported second-quarter revenue that beat Wall Street estimates on Wednesday, as the network gear maker benefited from its shift to newer businesses such as application software and cyber security.
Goldman Sachs CEO says chance of U.S. recession in 2019 'quite small': CNBC
(Reuters) - Goldman Sachs Chief Executive David Solomon told CNBC on Wednesday that the momentum of U.S. economic growth has slowed but there is little chance of a recession in 2019.
Wall Street extends gains as trade talks progress
NEW YORK (Reuters) - Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data suggested the Fed would hold interest rates steady in the near term.
Noel Tata joins Sir Ratan Tata Trust (Reissuing with correction)
In a move that will bring back the Tata family into the Tata Trusts, Noel Naval Tata was on Wednesday appointed as a trustee to the Sir Ratan Tata Trust.
DHFL's Joint MD, CEO Harshil Mehta resigns
Beleaguered housing finance company DHFL's Joint Managing Director and CEO Harshil Mehta resigned on Wednesday with immediate effect.
GoAir's CEO Cornelis Vrieswijk resigns
Low cost carrier GoAir on Wednesday said its Chief Executive Officer Cornelis Vrieswijk has submitted its resignation and the board has accepted it.
U.S. posts another budget deficit as tax revenues sag
WASHINGTON (Reuters) - The U.S. federal government ran a $14 billion budget deficit in December as revenues sagged following last year's tax cuts even as the economy appeared strong, Treasury Department data showed on Wednesday.
Google investing billions in US operations
Google said Wednesday it will invest $13 billion in US data centers and offices this year as the internet giant continues to expand across the country. The spending will build on more than $9 billion in US investments in the past year and should create the potential for tens of thousands of new jobs, according to chief executive Sundar Pichai. "This growth will allow us to invest in the communities where we operate, while we improve the products and services that help billions of people and businesses globally," Pichai said in an online post. "Our new data center investments, in particular, will enhance our ability to provide the fastest and most reliable services for all our users and customers." Investments this year will focus outside of Silicon Valley where Google has its home, and give the company outposts in 24 states. This will be the second year in a row that Google will "be growing faster outside the (San Francisco) Bay Area than in it," Pichai said. Google last year hired ..
Ross cancels India visit due to bad weather
US Secretary of Commerce Wilbur Ross had to cancel his India visit for the India-US Commercial Dialogue and the CEO Forum on Thursday due to inclement weather that led to the cancellation of his flight. Ross will now participate in both the meetings via video conference. "Due to inclement weather, technical problems that led to the cancellation of his flight, and other logistical issues, Secretary Ross regrets he is no longer able to attend the CEO Forum and Commercial Dialogue in person," a US Commerce Department spokesperson said. "He intends to participate in most of the sessions remotely and thanks our private sector and Government of India hosts for their continued partnership as we further strengthen the ties between our two countries," the spokesperson said.