UK shares retreated in pace with other European stock markets as investors took note of the bearish sentiment caused by the escalating trade dispute between US-China.
Indian shares edged lower, tracking weak Asian peers, as growing trade tensions between US and major economies of the world continued to dampen investors sentiment.
Turnbull faces a fresh blow in parliament this week, with the Senate poisedto reject his govt’s plans for a corporate tax cut after several independent lawmakers vowed.
Gold prices edged up as a buoyant euro kept the dollar off its 11-month highs, with trade issues between the United States and the EU further supporting the bullion.
BIS urged the world’s top central banks to keep lifting interest rates, but warned escalating trade tensions between US-China could turn into a dangerous downward spiral.
Trump defended his tough stance on immigrants crossing US border with Mexico, praising his administration for a job well done and saying his approach will make US stronger.
US protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese media said.
Antigua and Barbuda is “losing all hope” of a financial settlement in a long-running dispute with US and it may ask the head of the World Trade Organization to mediate.
Gold demand picked up in most Asian centres as prices of the yellow metal slid to a six-month low, with gold being sold at a premium in India for the 1st time in 7 weeks.
OPEC will seek agreement to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions.
Mulls 1:1 Bonus Share Issue
CITY UNION BANK
To Issue 1:10 Bonus Shares; Record Date At July 11
Approved Bonus Issue Of 1:2; Record Date At June 27
Arm Buys Under-Construction Asset For Rs 234 Cr In Indore At Auction
Brownfield Acquisition To Add Approx. 1.1 Mn Sq. Ft. To Co's Retail Portfolio
Co In Pact To Buy 95% Of Climate Tech Pty, Australia
Deal Size Stands At Rs 201-211 Cr In Valuation
JLR Investor Presentation:
Have Exciting Products, Plans In The Pipeline To Generate Sustainable Growth
Aiming For A 4-7% EBIT Margin Over Medium Term, Will Invest 4.5 Bn GBP In FY19-21
Aiming For A 7-9% EBIT Margin Over Long Term
Long Term Investment Pegged At 12-13% Of Revenue
Retail Volume Grew By 1.7% & Revenue Grew By 6% In FY18
Also Launched Jaguar I-Pace As Co's First All Battery Electric Vehicle
To Set Up 5 Lk KL/Annum Plant At Visakhapatnam For Rs 1,785 Cr
To Set Up 6 Lk KL/Annum Plant In Mysore For Rs 2,300 Cr
Co's International Business Did Not Perform Well In FY18
Economy & Inflated Currency Hit Co's Egyptian Operations
To Launch Generic Tadalafil After Filing ANDA With USFDA
Sterile Drug Product Manufacturing Facility In Bengaluru Receives EIR From USFDA
USFDA's Pre-Approval & Inspection Of Facility Done In April & May 2018
EIR Notifies That The Inspection Stands Closed
Co Committed To Global Standards Of Quality & Compliance
Dr Reddy's Loses Patent Case With Eli Lilly Over Alimta
Co Cannot Launch Its Alternative Salt Forms Until The Eli Lilly Patent Expires
The U.S. District Court For The Southern District Of Indiana Ruled In Favour Of Lilly
The Eli Lilly Patent Expires In May 2022