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Updated: 11 hours 53 min ago

Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state

Tue, 01/15/2019 - 10:27
Qatar Airways will not buy a stake in Jet Airways as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an "enemy" of Qatar, its CEO Akbar al-Baker said on Tuesday.

Oil prices rise 1 percent amid supply cuts, but economic slowdown dims demand outlook

Tue, 01/15/2019 - 09:53
Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.

China says case against Huawei executive an abuse of legal procedures

Tue, 01/15/2019 - 09:41
China's Foreign Ministry on Tuesday urged Canada to immediately release Huawei executive Meng Wanzhou, saying the case was an abuse of legal procedures.

German airport security staff begin one-day strike

Tue, 01/15/2019 - 09:34
Security staff at eight German airports went on strike on Tuesday in an escalating pay dispute that means up to 220,000 passengers could be affected by delays or cancellations, airport association ADV said.

Tokyo court denies request for Nissan Ghosn's release on bail

Tue, 01/15/2019 - 09:28
The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn's request for release on bail after his indictment last week on two new charges, including for aggravated breach of trust.

Global Markets: Asia shares up on hopes for China stimulus, Brexit vote awaited

Tue, 01/15/2019 - 08:53
Asian stocks rose on Tuesday, supported by a bounce in Chinese shares amid hopes for government stimulus, while sterling braced for the vote in parliament over the British government's plan to exit the European Union.

China approves large new upstream dam project on the Yangtze river

Tue, 01/15/2019 - 08:29
China has approved construction of one of its tallest dams, a 239-metre (784-foot) hydroelectric structure on the upstream section of its longest river, the Yangtze, the state planning agency said on Tuesday.

Gold steady on Fed rate pause hopes, stronger equities

Tue, 01/15/2019 - 08:00
Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the U.S. Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets.

Finance minister Arun Jaitley goes for 'medical check up' in U.S. - sources

Tue, 01/15/2019 - 07:47
Finance Minister Arun Jaitley has left for the United States for a "regular medical check up", following a kidney transplant last year, two people with direct knowledge of the matter told Reuters on Tuesday.

Nifty, Sensex rise as drop in inflation raises hopes of monetary easing

Tue, 01/15/2019 - 07:45
Indian shares rose on Tuesday, after inflation rate plummeted to an 18-month low, raising optimism that the central bank could ease monetary policy next month, as the nation faces a manufacturing slowdown and weak growth in the farm sector.

Exclusive: Bank of China offers Sri Lanka $300 million loan, option to raise to $1 billion - source

Tue, 01/15/2019 - 07:18
Bank of China, the country's fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, told Reuters on Tuesday.

Etihad to raise stake in cash-strapped Jet Airways: source

Tue, 01/15/2019 - 06:47
Etihad Airways plans to hike its stake in debt-laden Jet Airways, a person close to the Abu Dhabi carrier told Reuters late on Monday, further driving up shares of the Indian airline.

Rupee breaches 71 per dollar on 'chunky outflows'

Tue, 01/15/2019 - 06:34
Indian rupee weakened sharply on Tuesday on "chunky outflows" with no intervention seen by the Reserve Bank of India, traders said.

China signals more stimulus as economic slowdown deepens

Tue, 01/15/2019 - 06:11
China will aim to achieve "a good start" in the first quarter for the economy, the state planner said on Tuesday, signalling authorities could roll out more stimulus measures in the near term to counter slowing growth.

Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill

Tue, 01/15/2019 - 05:57
Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut.

PG&E prepares bankruptcy filing after California wildfires

Tue, 01/15/2019 - 05:10
PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.

Global Markets: China shares prop-up Asia on stimulus hopes, sterling braces for Brexit plan

Tue, 01/15/2019 - 05:06
Asian stocks pulled ahead on Tuesday, led by a bounce in Chinese shares as Beijing signalled more supportive measures to stabilise a slowing economy, while the British pound braced for a showdown in parliament over the government's Brexit plan.

India's plunging inflation rate opens door to monetary easing

Tue, 01/15/2019 - 04:51
India's annual retail inflation rate dropped to an 18-month low of 2.19 percent in December, strengthening views of some economists that the central bank could ease monetary policy next month as prices for many food items fell and the nation faces a manufacturing slowdown.

China worries weigh on Wall St., earnings expectations fall

Mon, 01/14/2019 - 23:49
U.S. stocks declined on Monday as an unexpected drop in China's exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off.

Global Markets - Weak China trade weighs on stocks; risk-off trade in play

Mon, 01/14/2019 - 23:49
World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.