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Updated: 12 hours 40 min ago

Trump administration replaces Obama-era power plant rule, in boost to coal

Wed, 06/19/2019 - 22:36
The Trump administration finalized a new carbon emissions rule for U.S. power plants on Wednesday that it said could cut pollution without damaging the coal industry, replacing a much tougher Obama-era version to fight climate change.

Factbox: Winners and losers in Trump's trade war with China

Wed, 06/19/2019 - 22:32
U.S. companies in everything from computer chips to tractors have said President Donald Trump's trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.

Senior U.S.-Chinese trade negotiators to confer before Trump-Xi G20 meeting

Wed, 06/19/2019 - 22:26
The top U.S. trade negotiator said on Wednesday it is in the interests of China and the United States to have a successful trade pact and he expects to confer with a senior Chinese official before next week's G20 summit in Japan where President Donald Trump and Chinese President Xi Jinping are set to meet.

Q&A: Five things to watch for from the Fed meeting

Wed, 06/19/2019 - 22:12
The U.S. Federal Reserve is expected to leave interest rates on hold on Wednesday but could flag whether it plans to cut rates later this year as U.S. President Donald Trump has demanded.

Sri Lanka's economy recovered in first-quarter but faces slump after April bombings

Wed, 06/19/2019 - 22:00
Sri Lanka's economy grew at its fastest pace in nearly a year from January to March, before the Easter Sunday bomb attacks on April 21 killed over 250 people, crushing the island's tourism sector.

Staff evacuated as rocket strikes near foreign oil firms in Iraq

Wed, 06/19/2019 - 22:00
A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.-Iran tensions in the region.

India plans to exempt electric vehicles from registration fee

Wed, 06/19/2019 - 21:58
India has issued draft rules to exempt electric vehicles from paying registration fee, the government said in a statement on Wednesday, as it looks to cut its dependence on fossil fuels.

IBM to win unconditional EU okay for $34 billion Red Hat deal: sources

Wed, 06/19/2019 - 21:50
U.S. tech giant International Business Machines Corp is set to secure unconditional EU approval for its $34 billion bid for software company Red Hat, people familiar with the matter said on Wednesday.

Wall Street takes a breather with all eyes on Fed meeting

Wed, 06/19/2019 - 21:47
Wall Street's main indexes took a pause on Wednesday, after a rally the previous day, as investors held back from making big bets ahead of the Federal Reserve's policy statement that is expected to lay the groundwork for future interest rate cuts.

Global stocks, yields edge higher as investors brace for Fed

Wed, 06/19/2019 - 21:28
A gauge of global stock markets gained modestly on Wednesday to reach six-week highs and benchmark government bond yields rose from multiyear lows as investors awaited a decision on monetary policy from the U.S. Federal Reserve later in the session.

Oil prices little changed on U.S. inventory data, hopes for trade deal

Wed, 06/19/2019 - 21:11
Oil futures edged up on Wednesday as government data showed U.S. crude inventories fell more than expected, while the prospect of a trade deal between Washington and Beijing also supported prices.

UK inflation falls to Bank of England target, underlying pressure weak

Wed, 06/19/2019 - 20:56
Britain's inflation rate cooled in May and cost pressures in factories fell to a three-year low, according to data that might reassure the Bank of England there is no urgency to pursue its stated policy of gradually raising interest rates.

Airbus fights back with big name buyers after Boeing's MAX showstopper

Wed, 06/19/2019 - 20:55
Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing's grounded 737 MAX jet.

Renault CEO Bollore has no plans to reduce Nissan stake

Wed, 06/19/2019 - 20:51
Cutting its stake in alliance partner Nissan is not on Renault's agenda, the French carmaker's chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi.

Markets see long fight ahead as ECB battles low inflation expectations

Wed, 06/19/2019 - 20:50
Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic stagnation.

Gold slips on trade negotiation hopes, FOMC statement in view

Wed, 06/19/2019 - 20:28
Gold prices edged lower on Wednesday as investors awaited the U.S. Federal Reserve's statement later in the session for cues on its interest rate outlook, while hopes the bitter U.S.-China trade dispute could soon see some thawing raised risk appetite.

Hotels, firms cut back on water use as taps run dry in Chennai

Wed, 06/19/2019 - 20:24
Hotels in Chennai are rationing water for guests amid searing heat while companies limit showers as the city of 4.6 million faces its worst shortage in years.

Sanofi plans 466 job cuts as part of R&D reshuffle

Wed, 06/19/2019 - 20:22
Sanofi on Wednesday said a reorganisation of its research and development operation in Germany and France would result in 466 job cuts in the two countries.

Explainer: Can European steel forge a strategy to withstand U.S. tariffs?

Wed, 06/19/2019 - 20:05
Steelmakers in Europe have been hit by falling demand and rising supply as auto-sector consumption has fallen and U.S. steel tariffs have disrupted shipments.

Factbox: Airbus and Boeing aircraft deals at Paris Airshow

Wed, 06/19/2019 - 20:01
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.