Business News

Global Markets: Stocks falter on yuan slide, new tariff threat

Fri, 20 Jul 2018 18:08:09 +0530 – Global markets stalled on Friday after a U.S. threat to slap $500 billion of trade tariffs on China and more yuan weakness, with the dollar slipping and one major benchmark of world equities ekeing out... 
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GE beats diminished profit expectations, trims cash flow target

Fri, 20 Jul 2018 18:04:22 +0530 – U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas... 
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China, sensing risks, moves to limit short-term bond funds

Fri, 20 Jul 2018 18:00:51 +0530 – China’s securities watchdog is urging mutual fund managers to reduce the size of a type of short-term bond funds that have thrived on investors’ flight to safety, amid growing concerns of the... 
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Microsoft soars past $800 billion in value after bumper results

Fri, 20 Jul 2018 17:55:21 +0530 – Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing... 
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Apple Watch, FitBit could feel cost of U.S. tariffs

Fri, 20 Jul 2018 18:02:24 +0530 – The latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs... 
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Effects of Greek bailout will extend beyond August: Merkel

Fri, 20 Jul 2018 17:14:15 +0530 – German Chancellor Angela Merkel said on Friday the effects of Greece’s bailout package would not end on the day that the programme itself ends. Full Story Effects of Greek bailout will extend beyond... 
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Sensex ends higher; IT stocks gain on weak rupee

Fri, 20 Jul 2018 16:02:50 +0530 – Indian shares ended higher on Friday, but finished marginally lower for the week, helped by gains in IT stocks such as Infosys Ltd on a weaker rupee, while investors awaited the outcome of a no-confidence... 
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China steps up regulations of $3 trillion bank wealth management products

Fri, 20 Jul 2018 17:10:31 +0530 – China’s banking and insurance regulator on Friday released long-awaited draft rules to strengthen regulations of commercial bank wealth management businesses, the latest step by Beijing to fend off... 
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'Hi, I'm a soybean': In trade war, China deploys cartoon legume to reach U.S. farmers

Fri, 20 Jul 2018 17:12:16 +0530 – In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. Full Story ‘Hi, I’m a soybean’: In trade war, China deploys... 
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IT firm Wipro to buy U.S.-based Alight's India operations for $117 million

Fri, 20 Jul 2018 16:22:59 +0530 – India’s third-biggest software services exporter, Wipro Ltd, said on Friday it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash. Full Story IT firm Wipro to... 
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