Latest Business News

India's November Iran oil imports skid to lowest since Feb 2016 - trade data

Reuters - 54 min 54 sec ago
NEW DELHI (Reuters) - India's refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data showed, cutting purchases to a 21-month low in protest at Tehran's decision to award a giant gas field to a Russian company.
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SNB sticks to expansive policy to tackle highly valued franc

Reuters - 1 hour 4 min ago
BERN (Reuters) - The Swiss National Bank maintained its ultra-loose monetary policy stance on Thursday, saying it would keep its negative interest rates in place to combat the "highly valued" Swiss franc.
Categories: Latest Business News

November palm oil imports fall to eight-month low - trade body

Reuters - 1 hour 48 min ago
MUMBAI (Reuters) - India's palm oil imports dropped nearly 11 percent in November from a year ago to the lowest level in eight months, a trade body said on Thursday, as refiners curtailed purchases due to a hike in import tax.
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Factbox: Saudi Arabia's $19 billion private sector stimulus package

Reuters - 2 hours 14 min ago
(Reuters) - Saudi Arabia's King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year, state news agency SPA reported on Thursday.
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Railway Board forms panel to review flexi-fare system

The Hindu - 2 hours 42 min ago
After months of deliberations, the Railway Board has initiated the process of reviewing the flexi-fare system in premium trains by comparing the prices with that of other modes of transport in the s...
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Japan's ruling bloc approves big corporate tax cut to encourage wage hikes

Reuters - 2 hours 46 min ago
TOKYO (Reuters) - Japan's ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent - but only for companies that raise wages aggressively and boost domestic capital spending.
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Trade unionist says several parties interested insolvent airline Niki

Reuters - 2 hours 49 min ago
VIENNA (Reuters) - At least three parties are interested in taking over the Niki subsidiary of collapsed airline Air Berlin, an Austrian trade unionist told broadcaster ORF on Thursday.
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Wholesale inflation touches 8-month high

The Hindu - 2 hours 52 min ago
The annual wholesale price inflation accelerated in November to an eight-month high, driven by faster rises in prices of food and fuel products, government data showed on Thursday.Annual wholesale p...
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Asia stocks slightly up after Fed move; dollar, U.S. yields sag

Reuters - 2 hours 55 min ago
TOKYO (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.
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Sensex edges down ahead of exit poll

Reuters - 2 hours 58 min ago
(Reuters) - Indian shares fell on Thursday, as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.
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WPI inflation touches 8-month high of 3.93 percent in November

Reuters - 3 hours 12 min ago
NEW DELHI (Reuters) - India's annual wholesale price inflation accelerated in November to an eight-month high, driven by faster rises in prices of food and fuel products, government data showed on Thursday.
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Fed does not buy Trump tax-plan hype, sees short-lived economic boost

Reuters - 3 hours 55 min ago
SAN FRANCISCO/NEW YORK (Reuters) - As the U.S. Congress moved closer to a tax overhaul plan Wednesday that has President Donald Trump "thrilled", outgoing Federal Reserve Chair Janet Yellen gave a more sobering assessment: a short-term bump is likely, but a longer-term boost is not.
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Bullish bets on most emerging Asian currencies drop: Reuters poll

Reuters - 3 hours 58 min ago
(Reuters) - Investors cut their long positions on most emerging Asian currencies in the last two weeks, a Reuters poll showed, with bullish bets on the Indian rupee hitting the lowest since January as bonds dropped to a 16-month low.
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Asian currencies firm as dollar weakens after Fed meeting

Reuters - 4 hours 2 min ago
(Reuters) - Asian currencies rose against the dollar on Thursday, as a guarded outlook from the U.S. Federal Reserve on the economy weighed on the greenback following its widely anticipated interest rate rise.
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Disney deal set to value Fox at more than $75 billion, says source

The Hindu - 4 hours 35 min ago
The deal, which is set to be announced on Thursday, will end more than half a century of expansion by Rupert Murdoch.
Categories: Latest Business News

Gold rises to 1-week high as dollar holds steady

Reuters - 4 hours 36 min ago
(Reuters) - Gold prices hit their highest in a week on Thursday, as the dollar was on the defensive after tumbling in the previous session following the U.S. Federal Reserve's widely expected decision to raise interest rates.
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China raises market rates as data shows economic growth moderating

Reuters - 4 hours 57 min ago
BEIJING/SHANGHAI (Reuters) - China's central bank on Thursday nudged up money market rates as authorities sought to defuse financial risks without imperilling the economy, a balancing act that it has managed successfully so far this year as activity remained broadly steady.
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Sensex open in green ahead of Gujarat exit polls

The Hindu - 5 hours 3 min ago
Analysts said optimistic buying by participants ahead of exit poll results for the assembly election of Gujarat later in the day had a bearing on mood
Categories: Latest Business News

China November investment growth slows, factory output and retail sales steady

Reuters - 5 hours 14 min ago
BEIJING (Reuters) - China's industrial output and retail sales grew at a steady pace last month, while fixed asset investment cooled slightly, reinforcing signs of a modest slowdown in the world's second-biggest economy amid a government crackdown on financial risks.
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Rupee pushes up against dollar after Fed rate hike

The Hindu - 5 hours 16 min ago
The rupee looked strong on Thursday with a gain of 16 paise at 64.28 against the dollar even as the Federal Reserve raised interest rates by a quarter percentage point. In her final act as the Fed c...
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