Day one of Us-china trade talks went very well: Trump

Stocks rallied on Friday amid growing hopes that the US and China can negotiate a trade truce. The Stoxx Europe 600 Index advanced a third day, with tech firms and banks pacing gains. Equities rallied throughout Asia, with shares in Hong Kong getting an extra lift

reported Wednesday that the White House is looking at rolling out a previously agreed currency pact with China as part of an preliminary deal that could also see next week’s planned tariff increase suspended, according to people familiar with the plans.

Separately, is reporting that China plans to ask the US to lift sanctions on its biggest shipping company, citing people familiar with the matter.

A Chinese official said Wednesday the country was still open to reaching a partial trade deal with the US that may include large purchases of American commodities, but added that success was contingent on Trump halting further tariffs.

Trump last week approved licences for some American companies to sell nonsensitive goods to Huawei Technologies Co.,

reported, citing people familiar with the move.

Indiabulls Real Estate Ltd (IBREL) on Friday announced a buyback of up to 5 crore shares at ₹100 each, which could cost the company up to ₹500 crore. The buyback price is more than double the current share price of ₹43.40 on BSE.

In a regulatory filing, IBREL informed that its board of directors on Friday “approved a proposal of ₹500 crore of buyback of up to 5 crore fully paid-up equity shares...representing approximately 11 per cent of its total existing paid-up equity capital at ₹100 per share”.

The buyback would be through the tender offer route, as prescribed by the Securities and Exchange Board of India.

All eligible existing holders/ beneficial owners of the equity shares (including persons who become shareholders by cancelling Global Depository Receipts and receiving underlying equity shares), on a proportionate basis, could participate. The board has constituted a buyback committee and delegated it powers to oversee and implement the process.