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Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

5 days ago DieselGasoil Comments Off on Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears
BENGALURU (Reuters) – Reliance Industries (RELI.NS) shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues. FILE PHOTO: A woman rides her scooter past advertisements of Read More

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

6 days ago DieselGasoil Comments Off on Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
MUMBAI/COLOMBO (Reuters) – India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet’s Google. FILE PHOTO: A man walks past a Reliance Industries Limited Read More

Trump roils markets with comments on China trade, Huawei

1 week ago DieselGasoil Comments Off on Trump roils markets with comments on China trade, Huawei
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon. Trump also sowed confusion by saying that the United Read More

Wall Street ends down amid more trade woes, high volatility

1 week ago DieselGasoil Comments Off on Wall Street ends down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume. President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, fanning fears over the Read More

Wall Street end down amid more trade woes, high volatility

1 week ago DieselGasoil Comments Off on Wall Street end down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 9, 2019. REUTERS/Brendan McDermid President Donald Trump said the Read More

S&P 500 dips as Trump comments fan trade fears; Dow flat

1 week ago DieselGasoil Comments Off on S&P 500 dips as Trump comments fan trade fears; Dow flat
NEW YORK (Reuters) – The S&P 500 was down slightly while the Dow was flat in late Friday trading as renewed jitters over the U.S.-China trade war were offset by bargain-hunting investors. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 9, 2019. REUTERS/Brendan McDermid President Donald Read More

Wall Street drops as Trump comments fan trade worries

1 week ago DieselGasoil Comments Off on Wall Street drops as Trump comments fan trade worries
(Reuters) – Wall Street’s main indexes slipped on Friday after President Donald Trump said the United States and China were pursuing trade talks but he was not ready to make a deal, exacerbating fears that the stand-off would aggravate the global economic slowdown. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Huawei unveils Harmony operating system, won’t ditch Android for smartphones

1 week ago DieselGasoil Comments Off on Huawei unveils Harmony operating system, won’t ditch Android for smartphones
DONGGUAN, China/HONG KONG (Reuters) – Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as Android. Richard Yu, head of Huawei’s consumer business group, unveils the company’s new HarmonyOS operating system at Read More

White House to release first rule today for Huawei ban for U.S. government contractors

2 weeks ago DieselGasoil Comments Off on White House to release first rule today for Huawei ban for U.S. government contractors
WASHINGTON (Reuters) – The White House Office of Management and Budget is slated on Wednesday to release an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei, a senior administration official said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Read More

SoftBank’s profit blows past estimates on Vision Fund gains

2 weeks ago DieselGasoil Comments Off on SoftBank’s profit blows past estimates on Vision Fund gains
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo The group’s Read More