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Updated: 9 hours 30 min ago

India's May gold imports jump 49% on festive demand: government source

Tue, 06/04/2019 - 17:53
India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday.

Mounting climate change fears push U.S. investors to assess geographical risks

Tue, 06/04/2019 - 17:49
With an above-average percentage of its power generated from renewable sources and one of the largest battery storage operations in the United States, utility Sempra Energy seemed to check all the boxes for portfolio manager Todd Ahlsten, who manages more than $18 billion for Parnassus Investments based on each company's environmental, social and governance attributes.

Iran sets scene for tough OPEC meeting, opposes date change

Tue, 06/04/2019 - 17:36
Iran has told OPEC that it opposes delaying the oil producer group's next meeting, setting the scene for another fight with fellow members as U.S. sanctions put Tehran under unprecedented economic pressure with its oil exports down to just a trickle.

Global stocks fend off tech problems; bonds stay strong

Tue, 06/04/2019 - 17:34
European stock markets and Wall Street futures clawed higher on Tuesday, though worries about a clampdown on the world's internet and social media giants and mounting recession jitters kept caution levels high.

Walmart faces major India test over unit Flipkart's legal spat with startup GOQii

Tue, 06/04/2019 - 16:53
An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.

World's biggest firms foresee $1 trillion climate cost hit

Tue, 06/04/2019 - 16:30
More than 200 of the world's largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the next five years, according to a report published on Tuesday.

Oil loses lustre as banks cash in on cleaner commodities

Tue, 06/04/2019 - 16:28
Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants.

Samsung seeks bigger share of Indian market with new line of high-end TVs

Tue, 06/04/2019 - 16:21
Samsung Electronics Co Ltd said on Tuesday it was aiming to expand its share of the India flat-screen TV market to more than a third within months, as it unveiled a new line of premium TVs it hopes will stave off the slowdown it and other suppliers have seen in other markets.

Oil falls to lowest since January on economic slowdown

Tue, 06/04/2019 - 16:17
Oil prices fell on Tuesday to their lowest since January on signs that an economic slowdown is starting to dent energy demand and as Russia's top oil producer said it opposed extending joint cuts with OPEC until the end of the year.

EU needs to act on steel imports in wake of U.S. tariffs - industry

Tue, 06/04/2019 - 16:01
Steel is being diverted to Europe as a result of U.S. 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions.

Sensex closes lower ahead of RBI policy decision

Tue, 06/04/2019 - 15:53
Indian shares closed lower on Tuesday as investors awaited the central bank's policy meeting decision later this week, weighed down by technology stocks.

Chinese broker Huatai to launch London-Shanghai Connect with $500 million offering

Tue, 06/04/2019 - 15:48
Huatai Securities Co Ltd effectively launched the long-awaited London-Shanghai stock connect on Tuesday with the announcement of plans to raise more than $500 million on the London Stock Exchange (LSE).

Exclusive: U.S. SEC probes Siemens, GE, Philips in alleged China medical equipment scheme - sources

Tue, 06/04/2019 - 15:48
The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters.

UK's May will make clear to Trump that Huawei role is under review - spokeswoman

Tue, 06/04/2019 - 15:47
Prime Minister Theresa May will make clear to U.S. President Donald Trump on Tuesday that Britain is reviewing "the right policy" on Chinese company Huawei and its involvement in the UK's 5G telecommunications network, her spokeswoman said.

U.S. firms fret as China's FedEx probe, planned hit-list heightens trade frictions

Tue, 06/04/2019 - 15:45
The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.

AO World warns October Brexit deadline poses risk for UK retailers' Christmas trade

Tue, 06/04/2019 - 15:25
Britain's deadline to leave the EU at the end of October is the worst possible timing for the country's retail sector as it coincides with the start of the peak trading period, online electricals group AO World warned on Tuesday.

Pompeo says U.S. trying to level the playing field with China

Mon, 06/03/2019 - 18:01
U.S. Secretary of State Mike Pompeo said on Monday that the United States is seeking to "level the playing field" with China after decades of unfair trade practices.

Mexico remains hopeful it can reach a migration deal with U.S. as tariffs loom

Mon, 06/03/2019 - 17:50
Mexico can reach an agreement with the United States to resolve a dispute over migration that prompted U.S. President Donald Trump to threaten punitive tariffs, Mexico's Foreign Minister Marcelo Ebrard said on Monday.

Global Markets: Bonds 'on fire' as flight to safety gathers momentum

Mon, 06/03/2019 - 17:45
A stampede to safety sent benchmark government bond yields tumbling on Monday, hoisted the Swiss franc to its highest in nearly two years, gold to a 10-week peak and left oil heading for bear market territory.

Nissan would review Renault ties after FCA merger: CEO

Mon, 06/03/2019 - 17:38
Nissan would carry out a "fundamental review" of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday.