Gains in tech and financial stocks lifted Wall Street but the main indexes were still on track to record losses for the week that was dominated by trade war worries.
Wall Street’s main indexes gave up opening gains as industrial companies continued to suffer from concerns over the impact of new tariffs on trade.
US President Donald Trump signaled that conservative commentator Larry Kudlow is the front-runner to become the top economic adviser at the White House.
US stocks rose as fears of a global trade war eased after Trump promised great flexibility toward the US’ “real friends” as he prepared to impose hefty import tariffs.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.9 percent.
US stocks fell as investors fretted that the exit of Gary Cohn could encourage Trump to go ahead with his threat to impose hefty tariffs and risk a global trade war.
Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war.
No one emerges victorious from a trade war, IMF chief Christine Lagarde said, warning that the economic impact of U.S. import tariffs would be serious.
US President Donald Trump said he would make a decision soon on appointing a new chief economic adviser after Gary Cohn said he was resigning from the post.
Singapore shares lost 0.8 percent, as top lenders DBS Group Holdings and United Overseas Bank fell over 1 percent each.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports