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Stocks down, and Dow drops 600 points, reversing gains from U.S.-China trade truce - Dotemirates
CBS News - Dotemirates
CBS News
04/12/2018

Stocks down, and Dow drops 600 points, reversing gains from U.S.-China trade truce

U.S. stocks tumbled in Tuesday trading, marching back much of the market's gain from the day before when Wall Street celebrated news of a truce in the U.S.-China trade fight.The celebration may have been premature, as experts warned that the two countries remain far apart in ironing out key disputes over tariffs as well as protection of technology secrets and intellectual property. The Dow Jones industrial average sank nearly 600 points, or 2 percent, to 25,245. The S&P 500 and Nasdaq composite indexes also both fell more than 2 percent Losses in banks, technology and industrial stocks outweighed gains elsewhere...

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Deccan Chronicle
17/02/2019

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme

New Delhi: Informal workers can now subscribe to the Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) scheme, which provides an assured monthly pension of Rs 3,000, at 3.13 lakh common service centres (CSCs) across the country. "CSC e-Governance Services India Ltd, a special purpose vehicle (SPV) under the Ministry of Electronics and IT, has begun the registration process for the PMSYM scheme, covering unorganised sector workers of age between 18 and 40 years, making them eligible for a minimum monthly pension of Rs 3,000 after the age of 60 in lieu of contributions made under the scheme," an official said. Being...
Business
Gulf Business
17/02/2019

Abu Dhabi’s Etihad restructures Airbus, Boeing jet orders

Abu Dhabi’s Etihad restructures Airbus, Boeing jet orders Reuters Thursday 14 February 2019 Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders. The Abu Dhabi-owned airline said in a statement that it has committed to take delivery of five Airbus A350-1000s and 26 A321neos plus six Boeing 777-9s “over the coming years”. However, it has ordered more aircraft, mostly in 2013 when it went on a jet-buying spree, and said in the statement that the “balance of...
UAE
Deccan Chronicle
17/02/2019

VLCC to open wellness centres, skill development institutes in TN

Coimbatore: Beauty and wellness firm VLCC, has planned to open 14 wellness centres and five skill development institutes in Tamil Nadu in 2019. The expansion plan was in line with the company's strategy to reach out to more customers as it strives to further strengthen its foothold, a top official said. The company already operates 11 centres in the State. "Tamil Nadu is an important market for us and we are extremely happy with the uptake of beauty, health and wellness segment in the state. The network expansion has been well-planned to reach out to every customer not just in...
Business
Arabian Industry
17/02/2019

Tabreed to build its first district cooling plant in India

National Central Cooling Company PJSC (Tabreed), a leading UAE-based international cooling provider, has been awarded a contract to build, own, operate and transfer a district cooling (DC) system in Amaravati – the future capital of Andhra Pradesh, India. Tabreed recently signed a 30 year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) for a total capacity of 20,000 refrigeration tons over an area of 1 km² for government buildings (State’s Assembly, High Court, Secretariat among others). The Amaravati district cooling project is not only Tabreed’s first success outside the GCC, but also the first DC project developed in public-private...
Business
Arabian Industry
17/02/2019

Eni granted two exploration blocks onshore Egypt

Eni has been granted two exploration blocks onshore Egypt by Egyptian authorities. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The block, which has an acreage of 3,013 km2, is located in the Western Desert close by to the Eni “SW Melehia” Concession, where two commercial oil discoveries have recently been announced and for which development plans are currently being prepared. The second block, “West Sherbean” (Eni 50%, Operator; BP 50%), has been assigned within the EGAS 2018 competitive bid round. The block is located onshore Nile Delta, immediately southwest...
Business
Deccan Chronicle
17/02/2019

Nine of top-10 most-valued firms suffer combined erosion of Rs 98,863 cr in m-cap

New Delhi: Nine of the top-10 most-valued companies suffered a combined erosion of Rs 98,862.63 crore in market valuation last week, with Reliance Industries Ltd (RIL) and SBI taking the steepest hit. ITC was the only gainer from the top-10 list. RIL, Tata Consultancy Services (TCS), HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, State Bank of India (SBI) and ICICI Bank suffered losses for the week ended on Friday, according to a weekly analysis of their market capitalisation (m-cap) trend on the BSE. Over the last week, the Sensex dropped 737.53 points, or over 2 per cent, to close...
Business