Welcome Guest
»

Top Business Stories

Energy, industrial stocks lift Wall Street, IBM drags
(Reuters) - Wall Street edged higher in a volatile session on Wednesday as industrial stocks gained on strong results from some marquee companies and a jump in oil prices boosted energy stocks.
Posted on : 2018-04-18 22:26:02
Corrected: India, UK governments invest in $711 million Indian renewable energy fund
LONDON (Reuters) - Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India.
Posted on : 2018-04-18 22:03:16
Energy, industrial stocks keep Wall Street afloat; IBM drags
(Reuters) - Wall Street edged higher in a volatile morning session on Wednesday as industrial stocks gained on strong results from some marquee companies and a jump in oil prices boosted energy stocks.
Posted on : 2018-04-18 21:37:14
India, UK governments invest in $711 million Indian renewable energy fund
LONDON (Reuters) - Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India.
Posted on : 2018-04-18 21:14:38
Oilfield service firms' first-quarter results likely to disappoint investors
HOUSTON (Reuters) - Winter storms and overcapacity in fracking equipment are expected to limit oilfield service companies' revenue and profit gains in the first quarter, postponing Wall Street expectations for a strong pickup in results to the second half of this year.
Posted on : 2018-04-18 20:56:11
S&P posts slight gains on industrials, IBM drags
(Reuters) - The benchmark S&P 500 index posted slight gains on Friday, helped by gains from industrial and energy stocks, but IBM's disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow.
Posted on : 2018-04-18 20:01:16
Morgan Stanley warns on volatility after profit jump
(Reuters) - Morgan Stanley tracked arch rival Goldman Sachs in delivering stronger-than-expected results on Wednesday, but sounded a note of caution about the impact of trade tensions and geopolitical concerns on future trading revenue.
Posted on : 2018-04-18 19:32:40
Wall Street opens higher on strong earnings, oil
(Reuters) - U.S. stock indexes opened higher on Wednesday after the latest batch of earnings including Morgan Stanley added to optimism about the U.S. corporate reporting season, while a jump in oil prices lifted energy stocks.
Posted on : 2018-04-18 19:31:19
Gold price rally, cash crunch dulls Akshaya Tritiya festival buying
MUMBAI/BENGALURU (Reuters) - Demand for physical gold was lower-than-usual during a key festival in the world's second biggest consumer India as local prices peaked and a cash crunch curbed retail spending.
Posted on : 2018-04-18 19:21:48
Wall Street set to open at one-month high on strong earnings
(Reuters) - U.S. stock indexes were set to open on Wednesday at levels not seen in about a month after the latest batch of earnings including Morgan Stanley added to optimism about the U.S. corporate reporting season.
Posted on : 2018-04-18 18:47:00
Analysis: More China bank reserve cuts on the cards as PBOC seeks to prevent slowdown
BEIJING (Reuters) - The unexpected decision by China's central bank to cut the amount of cash that lenders must keep in reserves is unlikely to be its last such move given the growing concerns about a possible trade war with the United States, economists said.
Posted on : 2018-04-18 18:14:54
China's ZTE delays earnings release following U.S. export ban
(Reuters) - Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.
Posted on : 2018-04-18 18:00:53
World stocks near four-week highs, Morgan Stanley shines
LONDON (Reuters) - Global stocks climbed to a near four-week high and Wall Street geared up for a strong open on Wednesday as powerful U.S. first-quarter earnings, notably from Morgan Stanley, helped revive risk appetite.
Posted on : 2018-04-18 17:58:13
Morgan Stanley profit beats estimates on trading boost
(Reuters) - Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks.
Posted on : 2018-04-18 17:54:49
Uber doubling down on India investments after exiting Southeast Asia
NEW DELHI (Reuters) - Ride-hailing giant Uber Technologies Inc is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday.
Posted on : 2018-04-18 17:48:38
Morgan Stanley profit helped by 'flattering factors' that may not last: CFO
NEW YORK (Reuters) - The factors that helped Morgan Stanley's profit soar 40 percent in the first quarter may not last through the rest of the year, Chief Financial Officer Jonathan Pruzan told Reuters on Wednesday.
Posted on : 2018-04-18 17:47:17
Exclusive: OPEC's new price hawk Saudi Arabia seeks oil as high as $100 - sources
DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement's original target is within sight.
Posted on : 2018-04-18 17:27:06
Morgan Stanley profit jumps 40 percent on trading boost
(Reuters) - Morgan Stanley reported a 40 percent jump in quarterly profit on Wednesday, helped by lower income tax rate and a rise in trading revenue due to increased market volatility.
Posted on : 2018-04-18 16:35:07
Global Markets: FTSE shines as world stocks near four-week highs
LONDON (Reuters) - Global stocks climbed to a near four-week high and Wall Street was gearing up for a positive open on Wednesday as strong U.S. first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump.
Posted on : 2018-04-18 16:14:45
Explainer: Ant Financial's $150 billion valuation, and the big recent bump-up
HONG KONG (Reuters) - Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. Just two months ago, bankers and investors were tentatively talking of a figure closer to $100 billion.
Posted on : 2018-04-18 16:12:30
  • Live
  • Upcomming
  • Completed