[ad_1] Barclays bank reported second quarter earnings Thursday. Bloomberg | Bloomberg | Getty Images Barclays said Thursday that it expects to earn less interest in its U.K. division, as analysts flagged the bank’s “modestly disappointing” set of results. The British lender reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in … Read more
[ad_1] CHENNAI: A Foxconn subsidiary is in talks with India’s Tamil Nadu state to invest up to $200 million to build a new plant for electronic components in the southern region, two sources with direct knowledge told Reuters on Wednesday. Brand Cheng, CEO of Foxconn Industrial Internet (FII) , and other company representatives last week … Read more
[ad_1] CNBC’s Jim Cramer said Wednesday that “parsing the Fed’s move is a mug’s game.” After the Federal Reserve raised rates to their highest level in 22 years, Cramer said investors can use market volatility created by the central bank meeting to buy stocks in line with 10 themes from this quarter’s earnings season. “Why … Read more
[ad_1] WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to … Read more
[ad_1] MUMBAI: Jio Financial Services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.The announcement … Read more
[ad_1] North Korea and Russia to strengthen cooperation, Defense Minister Shoigu says Russia and North Korea on Wednesday announced plans to strengthen their defense cooperation, Reuters reported Defense Minister Sergei Shoigu as saying. “I am convinced that today’s talks will contribute to strengthening cooperation between our defense departments,” Shoigu said after a meeting in Pyongyang … Read more
[ad_1] AHMEDABAD: Gift Nifty derivatives on NSE International Exchange (NSE IX) saw a record-high single day trading activity of at least 3.14 lakh contracts with a turnover of $12.39 billion on July 25. The traded contract volume and turnover value witnessed a significant 838% and 924% growth respectively as compared to the first day full-scale … Read more
[ad_1] Watch Kevin Durant discuss when he went to NBA Commissioner Adam Silver’s office to discuss cannabis The NBA has made its peace with marijuana, unlike some other sports leagues, but along the way to the league easing up on the drug that is now legal in a growing number of U.S. states, Kevin Durant … Read more
[ad_1] A Pratt & Whitney PW1000G turbofan engine sits on the wing of an Airbus A320neo aircraft during a delivery ceremony outside the Airbus Group SE factory in Hamburg, Germany, on Friday, Feb. 12, 2016. Bloomberg | Krisztian Bocsi Shares of RTX tumbled 13% Tuesday after the aerospace giant said a manufacturing problem with some … Read more
[ad_1] CHENNAI: The board of Tata Motors has approved a scheme of arrangement for a capital reduction of ‘A’ Ordinary shares. The company will issue Ordinary shares as a consideration for the reduction. This capital reduction consideration translates to a 23% premium to the ‘A’ Ordinary Share price and will result in a 4.2% reduction … Read more