Yahoo Finance - Business finance, stock market, quotes, newshttps://in.finance.yahoo.com/news/gold-prices-edge-easing-trade-042612138.html -- Gold hits near 1-week high as easing trade concerns hurt dollarThu, 20 Sep 2018 13:04:18 -0500
U.S. gold futures for December delivery settled up $3, or 0.3 percent, at $1,211.30 per ounce. "America is killing itself with these trade tariffs. "Gold traders are sitting on short positions (but) if the dollar comes down another notch or two, shorts in gold will start to panic.
https://in.finance.yahoo.com/news/trump-says-opec-producers-must-120008260.html -- Trump says OPEC 'monopoly' must get prices downThu, 20 Sep 2018 12:59:04 -0500
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. "We protect the countries of the Middle East, they ...
https://in.finance.yahoo.com/news/amazon-adds-echo-devices-bid-175358191.html -- Amazon adds new Echo devices in bid to dominate voice gadgetsThu, 20 Sep 2018 12:53:58 -0500
Amazon.com Inc on Thursday introduced new Echo devices with more powerful audio in a bid to stay ahead of rivals Apple Inc and Alphabet Inc's Google in the nascent category for voice-controlled gadgets. The world's largest online retailer announced updated versions of its Echo Dot and Echo Plus, as well as new devices such as a 'smart' microwave, the Echo Sub and the $299.99 Echo Link Amp, focused on creating better entertainment systems for the home.
https://in.finance.yahoo.com/news/u-oil-prices-climb-amid-004620125.html -- Oil prices ease as Trump tweets warning at OPECThu, 20 Sep 2018 12:52:21 -0500
Brent crude oil was down 50 cents at $78.90 a barrel by 11:32 a.m. EDT (1532 GMT). Global benchmark Brent has been trading just below $80 a barrel, near its highest in almost four years, on expectations that U.S. sanctions against Iran, OPEC's third biggest producer, will reduce global supply. "We're stuck in a range here," said Tariq Zahir, managing member at Tyche Capital Advisors in New York, with prices supported by sanctions on Iranian supplies and pressured by the potential Chinese demand could wane.
https://in.finance.yahoo.com/news/wall-street-opens-higher-tech-134334209.html -- Dow regains record territory as trade concerns easeThu, 20 Sep 2018 12:43:54 -0500
The blue-chip index, which had lagged the Nasdaq and the S&P in its recovery, jumped 1 percent to surpass the level touched on January 26. "The new record territories for the Dow and the S&P are fueled by lesser trade worries and just general enthusiasm about the economy," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. At 12:43 a.m. ET the Dow Jones Industrial Average was up 252.90 points, or 0.96 percent, at 26,658.66, the S&P 500 was up 21.86 points, or 0.75 percent, at 2,929.81 and the Nasdaq Composite was up 73.02 points, or 0.92 percent, at 8,023.06.
https://in.finance.yahoo.com/news/exclusive-hammond-urged-european-peers-150454619.html -- Exclusive: Hammond urged EU peers to help Britain cope with possible hard Brexit - EU sourceThu, 20 Sep 2018 12:42:39 -0500
Britain's finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from the European Union. Philip Hammond made his plea at the beginning of this month at a meeting of EU finance ministers in Vienna, according to an EU official with direct knowledge of the matter.
https://in.finance.yahoo.com/news/wto-members-clamour-more-clarity-173749864.html -- WTO members clamour for more clarity on U.S. farm spendingThu, 20 Sep 2018 12:37:49 -0500
Trading partners will demand more details from the United States at the World Trade Organization next week about its planned $12 billion aid package for U.S. farmers hurt by the Trump administration’s tariff wars. The U.S. aid package, announced in July, is intended to shield U.S. farmers from the repercussions of trade disputes between the United States and China, the European Union and others.
https://in.finance.yahoo.com/news/modi-government-appoints-14-executive-172437576.html -- Modi Government Appoints 14 Executive Directors in 10 State Run BanksThu, 20 Sep 2018 12:24:37 -0500
The Appointments Committee of the Cabinet (ACC) approved the 14 appointments in 10 PSBs following proposal from the Department of Financial Services, Ministry of Finance.
https://in.finance.yahoo.com/news/customer-finds-bug-chocolate-cake-165545658.html -- Bug problem at IKEA! Customer finds insect in chocolate cake at Hyderabad storeThu, 20 Sep 2018 11:55:45 -0500
IKEA faced criticism after another incident of 'bug in food' happened at its Hyderabad store. This time, a customer found an insect in a chocolate cake while his daughter was eating it.
https://in.finance.yahoo.com/news/cci-clears-arcelormittal-jsw-steels-165403316.html -- CCI clears ArcelorMittal, JSW Steel's bids for steel assetsThu, 20 Sep 2018 11:54:03 -0500
New Delhi, Sep 20 (IANS) The Competition Commission of India (CCI) on Thursday said it has no objection to ArcelorMittal's and JSW Steel's proposed bids to acquire debt-ridden Essar Steel and Bhushan Power, ...
https://in.finance.yahoo.com/news/aston-martin-aims-5-billion-061814768.html -- Aston Martin aims to steer round Brexit to $6.7 billion IPOThu, 20 Sep 2018 11:50:28 -0500
Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome, it said on Thursday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it planned to sell around 25 percent of its stock in the first initial public offering (IPO) by a British carmaker for decades. A bookrunner for the IPO said late on Thursday the company had already received orders for all the stock on sale.
https://in.finance.yahoo.com/news/modi-lays-stone-world-class-163405910.html -- Modi lays stone for world-class convention centre in DelhiThu, 20 Sep 2018 11:34:05 -0500
New Delhi, Sep 20 (IANS) Prime Minister Narendra Modi on Thursday laid the foundation stone for the India International Convention and Expo Centre (IICC) proposed to be built on the periphery of the national capital over an area spread over 221 acres. The facilities at the centre would be among the best in the world suitable for holding international and national events, meetings, conferences, exhibitions and trade shows, Modi said at the event. It will rank among the top 5 convention halls in the world and among the top three in Asia and the biggest indoor exhibition space in India," he said.
https://in.finance.yahoo.com/news/government-appoints-14-eds-10-163004427.html -- Government appoints 14 EDs in 10 state-run banksThu, 20 Sep 2018 11:30:04 -0500
New Delhi, Sep 20 (IANS) A day after appointing Chief Executive Officers (CEOs) in 10 public sector banks (PSBs), the government on Thursday appointed 14 Executive Directors (ED), ending the week that ...
https://in.finance.yahoo.com/news/global-markets-world-stocks-rise-135137088.html -- Global Markets: Stocks rise as trade relief bounce continues, sterling shinesThu, 20 Sep 2018 11:24:18 -0500
An MSCI index tracking shares in 47 countries rose 0.3 percent to a three-week high, supported by gains in Europe and Asia, but Chinese equities dipped after a two-day rally due to bets of government stimulus to limit the economic damage of new trade barriers. For his part, Chinese Premier Li Keqiang said this week he would not would not weaken the yuan to boost exports.
https://in.finance.yahoo.com/news/exclusive-shell-wins-lng-deal-162052558.html -- Exclusive: Shell wins LNG deal to supply Chinese firm's power plant in PanamaThu, 20 Sep 2018 11:20:52 -0500
Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company's 441 megawatt power plant under construction in Colon, Panama, advisors on the deal said. The $900 million power project, being built by Sinolam LNG affiliate Sinolam Smarter Energy LNG Power Co, expects to begin taking deliveries of the super-cooled natural gas in 2020, the advisors told Reuters late Wednesday. The deal with a Shell trading unit comes as a trade dispute between the United States and China has put global LNG exports in the spotlight.
https://in.finance.yahoo.com/news/petrol-price-touches-highs-diesel-161404816.html -- Petrol price touches new highs, diesel unchangedThu, 20 Sep 2018 11:14:04 -0500
New Delhi, Sep 20 (IANS) Petrol prices climbed fresh highs on Thursday across the four metros, while diesel prices were unchanged for the second consecutive day. In the national capital, petrol was sold at Rs 82.22 per litre, up from Rs 82.16 per litre on Wednesday, data on the Indian Oil Corp's website showed. Petrol prices were unchanged in the metros on Wednesday.
https://in.finance.yahoo.com/news/amazon-buys-stake-owner-indian-155151835.html -- Amazon buys stake in owner of Indian supermarket chain MoreThu, 20 Sep 2018 10:51:51 -0500
Amazon and Indian private equity firm Samara Capital are making a joint investment that will give the online retail giant a stake in Indian supermarket chain More, the U.S. company said on Thursday. The investment is Witzig Advisory Services, which is owned by Samara Alternative Investment Fund, Amazon said without divulging financial details or the size of its stake. Witzig is in the process of acquiring Aditya Birla Retail, which runs over 540 More stores across India, according to a stock exchange filing.
https://in.finance.yahoo.com/news/jammu-kashmir-government-rolls-group-152204493.html -- Jammu and Kashmir Government Rolls Out Group Mediclaim Health Insurance Scheme for EmployeesThu, 20 Sep 2018 10:22:04 -0500
The policy will provide health insurance coverage of up to Rs six lakh per employee or pensioner per annum along with his or her five dependent family members on floater basis.
https://in.finance.yahoo.com/news/imf-says-important-progress-made-151225527.html -- IMF says 'important progress' made on Argentina financing arrangementsThu, 20 Sep 2018 10:12:25 -0500
International Monetary Fund staff and Argentine authorities in the past week have made "important progress" towards new financing arrangements and stronger economic policies that could be considered soon by the IMF's board, a Fund spokesman said on Thursday. "What I can tell you is that important progress is being made towards strengthening Argentina’s economic policy plans supported by the IMF standby arrangement," IMF spokesman Gerry Rice told a regular IMF news briefing.
https://in.finance.yahoo.com/news/u-turn-exxon-chevron-join-103018986.html -- In U-turn, Exxon, Chevron to join industry climate initiativeThu, 20 Sep 2018 10:10:58 -0500
Exxon Mobil, Chevron and Occidental Petroleum are joining a group of major international oil and gas companies in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday. The move marks a U-turn for Exxon Mobil and Chevron. The top two U.S. oil and gas producers had resisted joining the Oil and Gas Climate Initiative (OGCI) after its launch in 2014.
https://in.finance.yahoo.com/news/vw-rejects-trump-envoys-iran-150919368.html -- VW rejects Trump envoy's take on Iran pulloutThu, 20 Sep 2018 10:09:19 -0500
U.S. sanctions against Iran, introduced by President Trump after his decision to pull the United States out of the Iran nuclear deal, have forced companies in Germany and across Europe to reconsider their investments there. Ambassador Richard Grenell has appeared to take credit for this shift in a series of tweets and interviews over the past weeks, announcing the withdrawal of German blue chips like Siemens, BASF and now Volkswagen, to the surprise of the companies themselves.
https://in.finance.yahoo.com/news/emirates-denies-report-etihad-airways-141259261.html -- Emirates, Etihad airlines deny report they may mergeThu, 20 Sep 2018 10:07:36 -0500
State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the world's largest carrier. "There is no truth to this rumour," an Emirates spokeswoman told Reuters. Etihad made a similar statement.
https://in.finance.yahoo.com/news/big-cheers-small-savers-senior-145129174.html -- Big cheers for small savers and senior citizens: Govt hikes interest rates on PPF, NSCThu, 20 Sep 2018 09:51:29 -0500
Interest rates on government securities have been rising for quite some time but the government did not hike the interest rates in last quarter which started from June.
https://in.finance.yahoo.com/news/sky-takeover-fight-settled-rare-110545177.html -- Rare auction showdown could decide fate of broadcaster SkyThu, 20 Sep 2018 09:48:44 -0500
A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday. Britain's Takeover Panel, which regulates merger and acquisition activity, said on Thursday it was preparing to take the rare step of intervening in the battle for London-listed Sky by running an auction for the pay-television business that lasts for a maximum of three rounds. The process will start if Comcast or Rupert Murdoch's Fox, which has the backing of partner Walt Disney, are still competing for Sky by 1700 London time (1600 GMT) on Friday, the Panel said.
https://in.finance.yahoo.com/news/india-may-look-lock-oil-144441827.html -- India may look to lock in oil futures to stem rupee slide: sourceThu, 20 Sep 2018 09:44:41 -0500
NEW DELHI/MUMBAI (Reuters) - India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in November. The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. The rupee, Asia's worst performing currency this year, has depreciated about 12 percent year-to-date against the U.S. dollar, closing at 72.39 on Wednesday, after a record low of 72.99 on Tuesday.
https://in.finance.yahoo.com/news/airtel-apos-first-recharge-packs-144336954.html -- Airtel's new First Recharge packs offer up to 126GB dataThu, 20 Sep 2018 09:43:36 -0500
Bharti Airtel, India's leading telecom service provider, has introduced new First Recharge (FRC) packs to offer up to 126GB of data.These recharge packs, valid only for new customers, start at Rs. 178 and go up to Rs. 599 for the top plan that offers 1.4GB daily data.Customers can avail these plans via Airtel's website, MyAirtel app, and Airtel stores.Here's more.
https://in.finance.yahoo.com/news/india-pakistan-foreign-ministers-meet-144001972.html -- India, Pakistan Foreign Ministers To Meet On UNGA SidelinesThu, 20 Sep 2018 09:40:01 -0500
Decision for a meeting doesn’t change the country’s position on cross-border terrorism: MEA Spokesperson
https://in.finance.yahoo.com/news/steve-phelps-promoted-nascar-president-143706830.html -- Steve Phelps promoted to NASCAR president, Brent Dewar steps downThu, 20 Sep 2018 09:37:06 -0500
Steve Phelps, currently NASCAR’s chief operating officer, will take over as president of the organization effective Oct. 1.
https://in.finance.yahoo.com/news/jeep-compass-limited-plus-launched-141533347.html -- Jeep Compass Limited Plus launched in India at Rs 21.07 lakhThu, 20 Sep 2018 09:15:33 -0500
The Jeep Compass Limited Plus has been placed at the top of the Compass line-up in India and comes with a few more bells and whistles than what is available with the existing Compass portfolio.
https://in.finance.yahoo.com/news/nissan-appoints-suja-chandy-nissan-141251172.html -- Nissan Appoints Suja Chandy as Nissan Digital India Managing DirectorThu, 20 Sep 2018 09:12:51 -0500
She brings nearly two decades of international and domestic management consulting experience, spanning key global markets and industries, the company said.
https://in.finance.yahoo.com/news/telecom-revived-now-among-fastest-140603031.html -- Telecom has revived, now among fastest growing sectors: ModiThu, 20 Sep 2018 09:06:03 -0500
New Delhi, Sep 20 (IANS) Prime Minister Narendra Modi on Thursday said the country's telecom sector has revived from its period of "darkness" and is among the fastest growing sectors in the country. Speaking at the foundation stone laying ceremony of the India International Convention and Expo Centre here, he remarked that with the sector currently witnessing growth, India is moving towards 5G network infrastructure. "The country's telecom sector has come out of the darkness that prevailed 5-6 years ago," the Prime Minister said, adding that it is currently among the fastest growing sectors in the country.
https://in.finance.yahoo.com/news/rbi-says-apos-no-apos-135557748.html -- RBI says 'No' to Yes Bank's Rana Kapoor: Regulator has drawn the line, but its silence on the reasons can be damagingThu, 20 Sep 2018 08:55:57 -0500
RBI taking strict action is good for the banking sector, but its silence on the reasons for trimming of Rana Kapoor's term could be damaging for common shareholders
https://in.finance.yahoo.com/news/seeking-restore-confidence-turkey-slashes-134652474.html -- Seeking to restore confidence, Turkey slashes growth forecastsThu, 20 Sep 2018 08:46:52 -0500
Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for a plan to help banks and a deeper reduction in the estimates to reflect the fragile state of the economy. Turkey has seen its lira currency plunge by 40 percent this year on concerns about President Tayyip Erdogan's influence over monetary policy and a bitter diplomatic rift with the United States. The turbulence has shaken global financial markets and raised the prospect of a potential banking crisis at home.
https://in.finance.yahoo.com/news/google-brings-apos-floating-keyboard-134223591.html -- Google brings 'floating keyboard' to help big-screen smartphone usersThu, 20 Sep 2018 08:42:23 -0500
In a new development, Google's Gboard app has got a 'floating keyboard'. The feature, as the name suggests, allows the users to drag the keyboard to any part of the screen using a handle placed at its bottom. This provides enhanced flexibility for single-handed usage and marks an upgrade over 'One-Handed mode'. Here's how it works.
https://in.finance.yahoo.com/news/bezos-remembers-lankan-friend-helped-133600295.html -- Bezos remembers his Lankan friend who helped him with algebraThu, 20 Sep 2018 08:36:00 -0500
From a nerdy Princeton graduate to founding Amazon and becoming the world's first centi-billionaire, Jeff Bezos, now worth a whopping $159bn, has reached the heights of corporate glory.Yet, there was a time when young Bezos was struggling with algebra, and could only cope with the help of his Sri Lankan friend, Yasantha R.Three decades later, Bezos hasn't forgotten it.Here's an interesting, old story.
https://in.finance.yahoo.com/news/sebi-mutual-fund-expense-norms-133414652.html -- SEBI’s New Mutual Fund Expense Norms May Hurt Close-Ended Schemes MostThu, 20 Sep 2018 08:34:14 -0500
The move is aimed at creating a level playing field
https://in.finance.yahoo.com/news/centre-states-working-gdp-5-133210525.html -- Centre, states working to take GDP to $5 tn by 2022: ModiThu, 20 Sep 2018 08:32:10 -0500
New Delhi, Sep 20 (IANS) The size of the Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each, and the various states are competing with each other to help achieve this goal, Prime Minister Narendra Modi said on Thursday. In his address at the foundation laying ceremony of the India International Convention and Expo Centre here, Modi said that towards achieving this target, the government is making all efforts to increase the share of exports to 40 per cent of the country's GDP. "We plan to increase our GDP to $5 trillion by 2022 in which manufacturing and agriculture would contribute $1 trillion each.
https://in.finance.yahoo.com/news/india-pay-rupees-iranian-oil-132314027.html -- India to Pay in Rupees for Iranian Oil After US Sanctions Block Use of US DollarsThu, 20 Sep 2018 08:23:14 -0500
Sourcing from Iran increased to 12.7 MT in 2015-16, giving it the sixth spot. In the following year, the Iranian supplies jumped to 27.2 MT to catapult it to the third spot.
https://in.finance.yahoo.com/news/volkswagen-halt-operations-iran-bloomberg-131918729.html -- Volkswagen to Halt Operations in Iran: BloombergThu, 20 Sep 2018 08:19:18 -0500
The accord was reached after weeks of talks between the German auto giant and the administration of President Donald Trump.
https://in.finance.yahoo.com/news/ecb-faces-hurdles-long-road-125909367.html -- ECB faces hurdles on long road to normal policy: WeidmannThu, 20 Sep 2018 08:18:35 -0500
The European Central Bank faces hurdles on the way to normalising its monetary policy after years of extraordinary stimulus, ECB policy maker Jens Weidmann said in an interview published on Thursday. The ECB is due to end its money-printing programme at the end of this year after pumping 2.6 trillion euro ($3.06 trillion)on the bond market and has hinted at a rate hike late next year if inflation in the euro zone extends its gentle acceleration. Long-considered the front-runner to succeed Mario Draghi as ECB President next year, Weidmann will need the support of German Chancellor Angela Merkel to secure the job at the helm of the euro zone's most powerful institution.
https://in.finance.yahoo.com/news/us-life-insurer-sell-policies-131038382.html -- US life insurer to sell policies that track health data via wearables and phonesThu, 20 Sep 2018 08:10:38 -0500
Privacy advocates raise concerns if data collected will be used to select profitable customers.
https://in.finance.yahoo.com/news/india-pay-iranian-oil-rupees-130124714.html -- India to Pay for Iranian Oil in Rupees Post US Sanctions: ReportThu, 20 Sep 2018 08:01:24 -0500
During the previous sanctions regime, India adopted a barter-like scheme to buy oil from Iran while the Middle Eastern country used rupees to import goods from India.
https://in.finance.yahoo.com/news/frustrated-ryanair-investors-target-chairman-125015109.html -- Frustrated Ryanair investors target chairman after year of strikesThu, 20 Sep 2018 07:50:15 -0500
A significant minority of Ryanair shareholders voted against the re-election of the airline's long-serving chairman on Thursday but they overwhelmingly rejected calls by trade unions to oppose Chief Executive Michael O'Leary. After a number of shareholders in the lead up to the vote publicly called for Chairman David Bonderman, 75, to step down, he was re-elected with 70.5 percent of votes, a significant fall from the 89 percent he received last year. Bonderman has chaired the company since 1996.
https://in.finance.yahoo.com/news/nissan-india-expands-dealer-network-124848750.html -- Nissan India Expands Dealer Network in PuneThu, 20 Sep 2018 07:48:48 -0500
Landmark Nissan Pune has opened 2 new showrooms at Wakdewadi and Kharadi, with a display area to showcase 10 and 5 cars respectively at each facility.
https://in.finance.yahoo.com/news/deal-street-digital-lending-startups-124431700.html -- Deal Street: Digital Lending Startups Led The Funding Pack Last Week Thu, 20 Sep 2018 07:44:31 -0500
Your weekly dose of startup deals
https://in.finance.yahoo.com/news/sbi-not-candidate-over-more-123808595.html -- SBI Not The Right Candidate To Take Over More Banks, Says ChairmanThu, 20 Sep 2018 07:38:08 -0500
SBI will need two to three years to see gains from consolidation of its associate banks last year: Chairman
https://in.finance.yahoo.com/news/nokia-7-1-plus-leaked-123557470.html -- Nokia 7.1 Plus leaked press renders show notched display, Carl Zeiss dual cameraThu, 20 Sep 2018 07:35:57 -0500
The recent press renders of Nokia 7.1 Plus were leaked online, showing a display notch, Carl Zeiss optics and Android One badging, which has already been seen on earlier Nokia X-series smartphones.
https://in.finance.yahoo.com/news/rss-apos-makeover-attempt-123322742.html -- RSS' Makeover AttemptThu, 20 Sep 2018 07:33:22 -0500
RSS' Makeover Attempt
https://in.finance.yahoo.com/news/cleveland-cyclewerks-misfit-ace-deluxe-121412391.html -- Cleveland Cyclewerks Misfit And Ace Deluxe Launched In India; Prices Start At Rs 2.24 LakhThu, 20 Sep 2018 07:26:26 -0500
Cleveland Cyclewerks Misfit And Ace Deluxe Launched In India: American motorcycle manufacturer Cleveland Cyclewerks has launched the Misfit and Ace Deluxe in the country. The Cleveland Misfit is priced at Rs 2.49 lakh while the Cleveland Ace Deluxe carries a price
https://in.finance.yahoo.com/news/iocl-recruitment-2018-security-chief-121939984.html -- IOCL Recruitment 2018 For Security Chief PostThu, 20 Sep 2018 07:19:39 -0500
Calling out retired police personnel from Jharkhand to apply for the post of Security Chief at IOCL. The incumbent will need to work at the South Eastern Region Pipelines. The opportunity is on a contract basis for a period of one