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Updated: 9 hours 28 min ago

Oil prices rebound on Saudi supply reassurances

Mon, 06/03/2019 - 17:37
Oil prices rebounded from last week's heavy losses on Monday after reassurances over production from top oil exporter Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC).

Coca Cola HBC targets up to 6% annual revenue growth for next six years

Mon, 06/03/2019 - 17:35
Coca-Cola's leading bottler Coca Cola HBC AG said on Monday it expects annual revenue growth over the next six years at around 6%, while pointing to margin growth below estimates for fiscal year 2020.

France wants EU to seek end to jet fuel tax exemption to curb emissions

Mon, 06/03/2019 - 17:20
The French government wants new European Union executives to push for an end to the global tax exemption for jet fuel to reduce CO2 emissions but has dismissed opposition calls for a ban on some domestic flights to encourage train travel.

Apple to debut developer tools aimed at increasing apps for Macs

Mon, 06/03/2019 - 16:58
Apple Inc is expected to give software makers new tools to make it easier to adapt their iPad and iPhone apps for its Mac laptops on Monday at its annual developer conference in San Jose, California.

Infineon digs deep to buy Cypress in $10 billion deal

Mon, 06/03/2019 - 16:54
Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company sharply lower on concerns over the cost.

Spice maker McCormick's quest to make your vanilla milkshake cheaper

Mon, 06/03/2019 - 16:34
A kilo of vanilla beans costs more than a kilo of silver.

India's April tea output drops 4%

Mon, 06/03/2019 - 16:32
India's tea production in April fell 4% from a year earlier to 84.42 million kg due to lower plucking in the top producing north-eastern state of Assam, the state-run Tea Board said on Monday.

Blackstone in record $18.7 billion deal to buy U.S. warehouse assets from GLP

Mon, 06/03/2019 - 16:29
Blackstone Group LP is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally.

Glencore's head of oil, Alex Beard, retires amid U.S. probes

Mon, 06/03/2019 - 16:25
Glencore's head of oil, Alex Beard, who helped make the firm one of the world's top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.

Sensex, Nifty jump to record close on rate cut hopes

Mon, 06/03/2019 - 16:02
Indian shares rose about 1.5% to record close on Monday, as weak economic growth data raised prospects of a rate cut by the central bank at its policy meeting scheduled later this week.

Import tariffs on China not pushing up U.S. inflation - Trump

Mon, 06/03/2019 - 16:01
U.S. President Donald Trump said the tariffs that his administration has imposed on Chinese imports were not pushing up U.S. inflation and were prompting manufacturers in the Asian powerhouse to move elsewhere.

EU antitrust investigates Lithuania's support to state-owned energy firm Lietuvos

Mon, 06/03/2019 - 15:23
The European Commission said on Monday it had launched an investigation into possible illegal financial aid provided by Lithuania to state-owned energy company Lietuvos Energija.

Factbox: Timeline of possible EU disciplinary procedure over Italy's debt

Mon, 06/03/2019 - 15:22
The European Commission may say on Wednesday that Italy is breaching European Union rules over its growing public debt, starting a process that could lead to financial sanctions and stricter oversight of the country's fiscal policy.

Kremlin says it hopes detained U.S. investor Calvey will be freed

Mon, 06/03/2019 - 15:22
The Kremlin on Monday called an embezzlement case against prominent U.S. investor Michael Calvey regrettable and said it hoped he would be freed from house arrest and be able to attend an economic forum in St Petersburg later this week.

Global Economy: Global recession fears grow as factory activity shrinks

Mon, 06/03/2019 - 15:21
Factory activity contracted across Asia and Europe last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers to roll out more stimulus.

Azerbaijan cancels $1 billion contract with Boeing for safety reasons

Mon, 06/03/2019 - 15:07
Azerbaijan airline AZAL has cancelled a $1 billion contract with Boeing to purchase 10 737 MAX jets, a spokesman said on Monday, following the fatal crashes involving the aircraft in Ethiopia and Indonesia.

Chinese central bank: banking system liquidity ample after Baoshang Bank takeover

Sun, 06/02/2019 - 17:53
China's central bank said on Sunday that liquidity in the banking system is reasonably ample, and that it would use various monetary policy tools including medium-term facility loans and reverse repurchase agreements to stabilise money markets.

China securities regulator says trade war impact on markets is controllable

Sun, 06/02/2019 - 17:25
The Sino-U.S. trade war is affecting capital markets but the impact is controllable, China's chief securities regulator said on Sunday in an interview with state-run China Central Television.

Mexican president hints at migration concessions to defuse U.S. trade spat

Sun, 06/02/2019 - 15:57
Mexico's president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump's threat to impose tariffs on Mexican goods, and said he expected "good results" from talks planned in Washington next week.

China and U.S. clash again on trade and regional security

Sun, 06/02/2019 - 15:54
China and the United States clashed again this weekend on trade and security, accusing each other of destabilising the region and potentially the world.