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Updated: 35 min 58 sec ago

Trump, China's Xi poised for high-stakes summit over trade war

Sat, 12/01/2018 - 15:14
U.S. President Donald Trump and Chinese President Xi Jinping will wrap up a global summit on Saturday with high-stakes talks expected to determine whether they can begin defusing a damaging trade war between the world's two biggest economies.

Siemens workers warn of drastic EU requirements for Alstom deal - Spiegel

Sat, 12/01/2018 - 15:04
Siemens workers could oppose what they see as overly drastic EU requirements to approve a planned rail merger with France's Alstom, Der Spiegel reported, citing a statement by one of its labour representatives.

India approves acquisition of defence equipment worth $431 million

Sat, 12/01/2018 - 13:51
India has approved the acquisition of defence equipment worth about 30 billion rupees ($431 million), the government said in a statement on Saturday.

India's top sugar producing state Uttar Pradesh to keep prices unchanged

Sat, 12/01/2018 - 13:05
India's biggest sugar producing state, Uttar Pradesh, will keep prices that mills must pay to cane growers on hold in the current season, a senior government official told Reuters on Saturday.

Employees of IL&FS held hostage by Ethiopian staff fear for safety

Sat, 12/01/2018 - 12:29
Employees of Indian company Infrastructure Leasing & Financial Services (IL&FS) taken hostage by local staff in Ethiopia fear for their safety, with some being confined to a company campus north of the African nation's capital Addis Ababa.

BRICS slam protectionism as China-U.S. spat overshadows G20 talks

Sat, 12/01/2018 - 08:30
Chinese President Xi Jinping and the leaders of major developing economies condemned protectionism at a G20 summit in Argentina on Friday overshadowed by U.S. President Donald Trump's threat to escalate tariffs on China.

China supports Saudi Arabia in economic and social change - Xi

Sat, 12/01/2018 - 05:23
Stability in Saudi Arabia is the cornerstone of prosperity and progress in the Gulf, and China firmly supports Riyadh in its drive for economic diversification and social reform, President Xi Jinping told Saudi Crown Prince Mohammed bin Salman.

Gold dips as dollar firms, palladium breaches $1,200/oz

Sat, 12/01/2018 - 03:17
Gold fell on Friday as the dollar strengthened ahead of trade talks between the U.S. and Chinese leaders at the G20 summit on Saturday, while palladium prices crossed the $1,200 per ounce mark for the first time.

China looking to boost agricultural exports to India, President Xi tells PM Modi

Sat, 12/01/2018 - 03:15
China was looking to boost agricultural exports to India while increasing imports of rapeseed and soymeal from the country, President Xi Jinping told Indian Prime Minister Narendra Modi on the sidelines of a G20 meeting on Friday.

Microsoft's market value overtakes Apple's to close out week

Sat, 12/01/2018 - 03:03
Microsoft Corp's stock market value closed above Apple Inc's for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand.

China looks to boost agricultural exports to India: Xi

Sat, 12/01/2018 - 02:49
China was looking to boost agricultural exports to India while increasing imports of rapeseed and soymeal, President Xi Jinping told Indian Prime Minister Narendra Modi on the sidelines of a G20 meeting on Friday.

Ex-U.S. Justice Dept worker pleads guilty in case tied to 1MDB scandal

Sat, 12/01/2018 - 02:12
A former U.S. Justice Department employee pleaded guilty on Friday to conspiring to deceive banks about millions of dollars in foreign lobbying funds, after he facilitated the financing of a lobbying campaign related to the U.S. investigation into the 1Malaysia Development Berhad (1MDB) scandal.

UK business will be able to bring in high-skilled workers post-Brexit - PM May

Sat, 12/01/2018 - 01:56
Britain's post-Brexit immigration system will enable businesses to bring in high-skilled workers from the rest of the world, but firms should also do more to train up young British people, Prime Minister Theresa May said.

Oil drops; losses limited by hopes of OPEC, Russia output cut

Sat, 12/01/2018 - 01:11
Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week.

After Cohen plea, U.S. Democrats in Congress eye other Trump allies' testimony

Sat, 12/01/2018 - 01:08
Congressional Democrats on Friday warned that other associates of President Donald Trump may have lied to Congress, a day after his former personal lawyer, Michael Cohen, pleaded guilty to doing so as part of a probe of Russian meddling in U.S. politics.

Wall Street rises on trade hopes; S&P, Nasdaq post best weeks in seven years

Sat, 12/01/2018 - 01:07
Wall Street rose on Friday as investors hoped for progress on trade in a critical U.S.-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years.

Macron and Abe seek to avert Renault-Nissan row

Sat, 12/01/2018 - 01:03
France and Japan's leaders met for bilateral talks to avert a diplomatic row over the Renault-Nissan-Mitsubishi alliance on Friday following the surprise arrest of its Chairman Carlos Ghosn in Japan.

U.S. judge gives preliminary OK to $48 million Volkswagen investor settlement

Sat, 12/01/2018 - 00:59
A U.S. judge in California has granted preliminary approval to a $48 million settlement for investors who said Volkswagen AG made false and misleading statements over its excess diesel emissions.

Global markets: oil tumbles on supply glut; Wall Street up on G20 comments

Sat, 12/01/2018 - 00:30
Oil prices retreated on Friday amid a global glut, racking up a 20 percent drop for November, while world equity markets were mixed ahead of weekend talks between U.S. President Donald Trump and Chinese leader Xi Jinping.

Gold slips as dollar drifts higher ahead of Trump-Xi meeting

Fri, 11/30/2018 - 13:28
Gold edged lower on Friday as the dollar firmed ahead of an expected meeting between U.S. President Donald Trump and China's President Xi Jinping at the G20 summit, but bullion was on track to post its second straight monthly gain.