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Updated: 11 hours 52 min ago

Nifty, Sensex post best week since November on euphoria over Modi election

Fri, 05/24/2019 - 13:45
Indian shares jumped over 1.5% on Friday on hopes that Prime Minister Narendra Modi would pursue business-friendly policies following his party's thumping victory in the general election.

Nomura CEO to take 30 percent pay cut after information leak

Fri, 05/24/2019 - 13:38
The chief executive of Nomura Holdings will take a 30% pay cut for three months over its improper handling of market information, marking the latest headache for CEO Koji Nagai, as he struggles to turn around the Japanese investment bank.

Xi says China, Brazil should see each other as an opportunity

Fri, 05/24/2019 - 13:37
China and Brazil should see each other as an opportunity for development and as partners, Chinese President Xi Jinping told visiting Brazilian Vice President Hamilton Mourao on Friday.

Vistara leases six planes from BOC Aviation for local expansion

Fri, 05/24/2019 - 13:32
Indian carrier Vistara, a joint venture between India's Tata Group and Singapore Airlines, said on Friday it has leased six additional aircraft from BOC Aviation to drive its expansion in the domestic market.

Exclusive: Total seeks to reduce stake in giant Kashagan oilfield - sources

Fri, 05/24/2019 - 13:29
France's Total is seeking to sell part of its stake in Kazakhstan's giant Kashagan oilfield to raise up to $4 billion, four banking sources said.

Britons set for $7.6 billion energy windfall from network curbs

Fri, 05/24/2019 - 13:27
Britons could see a 6 billion pound ($7.6 billion) cut in energy bills over five years from 2021, saving the average household 40 pounds per year, under plans to curb what gas and electricity network firms can pay shareholders.

Exclusive: Russia to take back dirty oil back from Belarus - sources

Fri, 05/24/2019 - 13:25
Russia plans to take back around 1 million tonnes of contaminated oil from Belarus, cleaning up the Druzhba export pipeline section leading to Poland and Germany, four industry sources familiar with the plan told Reuters.

A pollution crackdown compounds slowdown woes in China's heartland

Fri, 05/24/2019 - 13:10
For years, China's industrial heartland has been cloaked in smog, its waterways choked with pollution pumped from enormous clusters of factories churning out the mountains of cement and steel needed to build the Chinese economy.

China denounces U.S. "rumours" and "lies" about Huawei ties to Beijing

Fri, 05/24/2019 - 13:06
China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumours after he said the chief executive of China's Huawei Technologies Co Ltd was lying about his company's ties to the Beijing government.

Panasonic says has not stopped supplies to Huawei, still investigating

Fri, 05/24/2019 - 13:05
Japan's Panasonic Corp said on Friday it has not stopped any shipments of components to Huawei Technologies, a day after it originally called for a halt of transactions in line with a U.S. export controls against the Chinese firm.

Foreign investors hope India dials back policy shocks after Modi win

Fri, 05/24/2019 - 12:58
Foreign companies in India have welcomed Prime Minister Narendra Modi's election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year.

Mothercare hopeful for future after completing store closures

Fri, 05/24/2019 - 12:56
Embattled UK retailer Mothercare Plc slashed its outstanding net debt to just under 7 million pounds last year as it completed a programme of store closures that its leadership hopes will put the company on a more solid financial footing.

Vedanta-Konkola liquidation case adjourned to June 4: lawyer

Fri, 05/24/2019 - 12:47
A court hearing between Vedanta, its Konkola Copper Mines business (KCM) and the Zambian government over control of KCM, was adjourned on Friday until June 4, a lawyer said.

Reality bites after IMF tells Pakistan to leave rupee to market forces

Fri, 05/24/2019 - 12:41
Less than 10 months after coming to power in Pakistan with visions of creating a welfare system to lift millions out of poverty, economic crisis has forced Prime Minister Imran Khan into the hard realities of an IMF bail-out.

Singapore chases tech 'Jedi Masters' for Silicon Valley ambitions

Fri, 05/24/2019 - 12:33
San Francisco-based investor Paul Bragiel said he needed to be asked three or four times before he accepted an invitation from Singapore to come check out its tech scene.

Oil rises towards $69, but set for 2019's biggest weekly loss

Fri, 05/24/2019 - 12:15
Oil rose towards $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown.

Exclusive: Arun Jaitley unlikely to remain finance minister in Modi's new term - sources

Fri, 05/24/2019 - 12:11
Finance Minister Arun Jaitley is unlikely to continue in his current role due to poor health as Prime Minister Narendra Modi begins his second term, according to four sources with knowledge of the matter.

Global stocks, oil edge higher on muted trade optimism

Fri, 05/24/2019 - 12:09
World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted. Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% on the day but in line for a more than 1% fall in its third week in the red, their longest losing streak since a rout in December.

Reading the Brexit tea leaves: Moves in sterling

Fri, 05/24/2019 - 11:40
Sterling has been the focus for global investors rattled by Britain's planned departure from the European Union, plunging immediately after the vote to leave and then moving wildly ever since on Brexit-related headlines.

U.S. regulator sees approval of Boeing 737 MAX to fly as soon as late June: sources

Fri, 05/24/2019 - 11:34
The Federal Aviation Administration (FAA) expects to approve Boeing Co's 737 MAX jet to return to service as soon as late June, representatives of the U.S. air regulator informed members of the United Nations' aviation agency in a private briefing on Thursday, sources told Reuters.