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Nifty hits record high; auto stocks gain
REUTERS - The Nifty hit an all-time high on Monday, joining a rally in Asian shares, with banks, diversified conglomerates and automobile firms leading the gains.
Posted on : 2017-09-18 12:31:51
UK businesses call for three-year Brexit transitional deal
LONDON (Reuters) - British business leaders from companies including BT and Centrica said they wanted a three-year Brexit transitional deal to protect jobs in Britain and Europe.
Posted on : 2017-09-18 12:17:48
Late summer rains, private food supplies limit impact of North Korea drought
SEOUL (Reuters) - Late summer rains and the growing importance of privately produced crops mean North Korea will likely avoid acute food shortages this year despite earlier fears of drought and mounting international sanctions, defectors and experts say.
Posted on : 2017-09-18 11:59:41
Dixon Technologies soars on market debut after $94 million IPO
REUTERS - Shares of Dixon Technologies (India) Ltd rose as much as 70 percent on their trading debut on Monday as investors bet on the strong outlook for the contract electronics manufacturer that counts some of the leading global names among its clients.
Posted on : 2017-09-18 11:56:31
Global Markets: Asia stocks hit decade high, dollar holds nerve for Fed meeting
SYDNEY (Reuters) - Asian shares hit decade highs on Monday and the dollar gained on the yen early in a week in which the U.S. Federal Reserve is likely to wrestle with its bloated balance sheet as part of a long reversal of super-cheap money worldwide.
Posted on : 2017-09-18 11:51:33
Nokia gets decision in patent arbitration with LG
HELSINKI (Reuters) - Nokia said on Monday it had received a decision in patent licence arbitration with LG Electronics.
Posted on : 2017-09-18 11:48:43
Oil edges up on rising refinery demand, falling U.S. rig count
SINGAPORE (Reuters) - Oil markets were firm on Monday and remained near multi-month highs hit late last week as the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey.
Posted on : 2017-09-18 11:23:38
Singapore August exports rise most in six months on electronics, China shipments
SINGAPORE (Reuters) - Singapore's non-oil domestic exports (NODX) surged in August from a year earlier at the strongest pace in six months, led by solid shipments of electronics and robust sales to China.
Posted on : 2017-09-18 11:01:04
China's Fosun Pharma to buy smaller stake in Gland Pharma for $1.1 billion
BEIJING/MUMBAI (Reuters) - Shanghai Fosun Pharmaceutical Group is trimming the size of the stake it will buy in India's Gland Pharma to 74 percent for $1.1 billion, in a bid to salvage the stalled deal that would be the biggest takeover by a Chinese firm in India.
Posted on : 2017-09-18 10:55:32
China home price growth cools further in August as curbs bear down
BEIJING/HONG KONG (Reuters) - China's new home prices rose in August at the slowest pace in seven months and fell or levelled off in more cities as government cooling measures dampened speculation, though there were no signs of a sharper correction that could damage the economy.
Posted on : 2017-09-18 10:44:45
Analysis: In shedding bonds, Fed aims for boring end to crisis-era measures
NEW YORK/SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is set on Wednesday to announce the start of a plan to trim its $4.5-trillion portfolio of assets, much of it amassed in response to the 2007-2009 financial collapse, marking another milestone in bringing to an end the crisis-era measures.
Posted on : 2017-09-18 10:35:14
China home price growth slows slightly in August as curbs bear down
BEIJING (Reuters) - China's property price growth slowed but remained firm in August despite stiff curbs to dampen speculative demand, suggesting the sector held up well with few risks of a severe correction many fear would blight the economy.
Posted on : 2017-09-18 10:12:24
China will step up supervision of overseas investment risks - insurance regulator
BEIJING (Reuters) - China will strengthen its supervision of overseas investment risks and capital flows from insurance funds, the insurance regulator said on Monday, adding that it will urge companies to improve their risk monitoring systems.
Posted on : 2017-09-18 10:03:47
Gold slips to two-week low ahead of Fed meet
(Reuters) - Gold slipped to its lowest level in over two weeks on Monday as equities rallied and the dollar firmed, while prospects of monetary policy tightening in the United States ahead of a Federal Reserve meeting also weighed on the metal.
Posted on : 2017-09-18 10:01:35
Baidu hires Weibo CFO Herman Yu as finance chief amid AI push
SHANGHAI (Reuters) - Chinese search engine giant Baidu Inc said on Monday it had hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as its hones its focus onto artificial intelligence.
Posted on : 2017-09-18 09:52:09
Australian moguls lose court challenge to CBS's planned buyout of Ten Network
SYDNEY (Reuters) - Two Australian media moguls have lost a court challenge to CBS Corp's planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd, allowing the CBS deal to be put to a creditor vote on Tuesday.
Posted on : 2017-09-18 09:15:30
Baidu hires Weibo CFO as its finance chief
(Reuters) - Baidu Inc said Jennifer Li stepped down as its chief financial officer and the biggest search engine operator in China named Herman Yu as its new CFO, effective immediately.
Posted on : 2017-09-18 08:23:16
Asia stocks hit decade high, dollar firm before Fed meeting
SYDNEY (Reuters) - Asian shares hit decade highs on Monday and the dollar held firm early in a week in which the U.S. Federal Reserve is likely to wrestle with its bloated balance sheet as part of a long reversal of super-cheap money worldwide.
Posted on : 2017-09-18 08:20:53
Less foreign borrowing, longer bonds offset rise in emerging debt levels - BIS
LONDON (Reuters) - A large-scale shift towards domestically issued and longer-dated bonds in emerging markets has helped build resilience to external shocks despite the increase in overall debt levels, the Bank for International Settlements said.
Posted on : 2017-09-17 21:52:12
China's Fosun Pharma to buy smaller stake in Indian firm for $1.1 billion
BEIJING/MUMBAI (Reuters) - Shanghai Fosun Pharmaceutical Group has agreed to cut the size of the stake it will buy in India's Gland Pharma to 74 percent, it said on Sunday, paying about $1.1 billion for what is still set to be China's biggest acquisition in India.
Posted on : 2017-09-17 21:02:08
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