Sharp Corp has dropped legal action to block China’s Hisense from selling TV sets in North America under Sharp’s brand, which Hisense had licensed.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1 percent, adding to the previous week’s 3.9 percent gain.
MSCI’s all-country equity index .MIWD00000PUS fell 0.4 percent for its third straight day of losses while emerging equities lost 1 percent .MSCIEF.
Most Asian share markets followed S&P 500 futures lower as speculation of faster hikes in U.S interest rates soured risk appetite globally.
Japanese manufacturing activity expanded at a slower pace in Feb as growth of new export orders slowed due to the yen’s appreciation.
Weakness across Asia where Tokyo saw a 1% drop meant MSCI’s 47-country world share index was 0.2 percent in the red.
Sony looks set to become the latest blue-chip firm to jockey for position in Japan’s taxi and ride-hailing market, with plans for a joint venture.
The BSE Sensex cracked below 34,000-mark by plunging over 236 points to end at a nearly 2-month low of 33,774.66 on sustained selling in PSU, metal and banking counters.
Asian shares gained, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation.
Next week’s full-year results from HSBC (HSBA.L), Lloyds (LLOY.L), Barclays (BARC.L) and RBS (RBS.L) will be crucial.
Ultratech Cement leads race to take over Binani Cement
Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors
Dalmia Bharat offers Rs 6,300 Cr
Dalmia seen to lose as UltraTech offering equity stake to creditors
Final decision on winner to be ratified by NCLT
Business Standard Reporst
4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model
Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray
NHAI hopes to generate more than Rs 6000 cr Under TOT model
auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km
Successful bidder to get toll collection rights for 30 years
Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide
Recommend duty for 5 Yrs on DMAC originating from China and Turkey
Co bags Rajasthan Project
Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan
Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation
With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets
On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation
Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations
To be out of F&O if it does not declare quarterly results by March 1
All existing F&O contracts will expire on March 28
No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1