News

US deal to supply high-tech weapons to India could further destabilise region: Pakistan

ET News - 5 min 16 sec ago
Defence and security ties between India and the US have been on an upswing in the last six years. The bilateral defence trade touched USD 18 billion mark in 2019, reflecting growing defence cooperation between the two sides. In June 2016, the US had designated India a "Major Defence Partner," intending to elevate defence trade and technology.
Categories: Business News

India’s Trump hug pushes Dems away

ET News - 5 min 16 sec ago
To say this will not have political implications in a fiercely polarised election year battle in the US will be myopic in the extreme, particularly since Indian-Americans form an influential voting bloc, as do Pakistani-Americans. Therefore, no Democrat politician looking for re-election can afford to ignore events in India, which might sway voters.
Categories: Business News

China's economy expected to rebound from virus hit - Chinese official

Reuters Business News - 37 min 21 sec ago
China's economy will take a big hit in the first quarter due to widespread work stoppages caused by the fast-spreading coronavirus, but should recover rapidly unless the outbreak worsens again, a Chinese official told Reuters on Friday.
Categories: Business News

S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis

Reuters Business News - 38 min 40 sec ago
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.
Categories: Business News

Wall St. bounce to little, to late as world stocks post shock weekly decline

Reuters Business News - 39 min 28 sec ago
Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.
Categories: Business News

Hoarding in the USA? Coronavirus sparks consumer concerns

Reuters Business News - 50 min 6 sec ago
American consumers awoke this week to the coronavirus threat and are beginning to display a symptom of the illness seen in Asia and Europe - hoarding.
Categories: Business News

Goldman's asset management unit ups positions in hotel, cruise line stocks

Reuters Business News - 50 min 45 sec ago
Goldman Sachs Group Inc's asset management unit has added to positions in travel stocks, including hotels and cruise lines, as well as Live Nation Entertainment Inc and Japanese cosmetics company Shiseido Co Ltd, executives said Friday.
Categories: Business News

US financial regulators expected to discuss coronavirus on Wednesday

Business Standard - 51 min 58 sec ago
The council has regularly scheduled meetings of principles and deputies to ensure agencies tasked with oversight of different markets remain in touch
Categories: Business News

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

Business Standard - 56 min 58 sec ago
For the week, Brent lost almost 14 per cent, its biggest weekly percentage decline since January 2016, while WTI fell over 16% in its biggest weekly percentage drop since December 2008
Categories: Business News

Jochen Zeitz named Harley-Davidson interim CEO after Levatich steps down

Business Standard - 1 hour 1 min ago
The motorcycle maker has named Jochen Zeitz as the interim CEO
Categories: Business News

S&P 500 drops for 7th day, posts biggest weekly fall since 2008 crisis

Business Standard - 1 hour 4 min ago
The Dow Jones Industrial Average fell 356.88 points, or 1.39 per cent, to 25,409.76, the S&P 500 lost 24.7 points, or 0.83 per cent, to 2,954.06
Categories: Business News

China reports 44 new virus deaths, lowest rise in new cases in over a month

Business Standard - 1 hour 15 min ago
That brings the total number of confirmed cases in mainland China so far to 78,824
Categories: Business News

Geneva car show cancelled in bid to contain coronavirus outbreak

Business Standard - 1 hour 23 min ago
The trade fair, which was due to start Monday, will return next year, Palexpo SA, which runs the Geneva convention center, said Friday in a video briefing to exhibitors
Categories: Business News

Central banks may mount a coronavirus rescue. It may not be enough

Reuters Business News - 1 hour 29 min ago
Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action.
Categories: Business News

Factbox: Global central bankers on coronavirus, possibility of rate cuts

Reuters Business News - 1 hour 30 min ago
With the rapid global spread of the new coronavirus and the U.S. stock market suffering its worst week since the Great Recession, central bankers around the world are under rising pressure to reduce borrowing costs to create a cushion against economic harm. So far they have largely resisted. Following are some of their recent remarks:
Categories: Business News

Volkswagen strikes 'dieselgate' compensation deal with German consumers

Business Standard - 1 hour 32 min ago
Under German law, plaintiffs have a month to decide whether to accept the settlement offer after its approval by judges
Categories: Business News

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

Reuters Business News - 1 hour 59 min ago
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand.
Categories: Business News

Cooling consumer spending, inflation put spotlight on Fed amid coronavirus

Reuters Business News - 2 hours 23 min ago
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.
Categories: Business News

Investor pessimism rising but may not be bearish enough

Reuters Business News - 2 hours 25 min ago
Pessimism about the performance of stock prices over the next six months jumped in the latest American Association of Individual Investors (AAII) Sentiment Survey, but may not have hit levels needed to lend some optimism for a longer-term rebound.
Categories: Business News

J&J ordered by Florida jury to pay $9 million in talc-cancer case

Business Standard - 2 hours 28 min ago
The talc litigation may eventually cost the company as much as $10 billion, according to Bloomberg Intelligence
Categories: Business News