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Updated: 12 hours 28 min ago

Carmaker JLR to announce major UK investment: BBC

Fri, 03/01/2019 - 22:13
Luxury carmaker Jaguar Land Rover is preparing to announce hundreds of millions of pounds worth of investment in Britain, the BBC reported on Friday.

ECB to delay rate hikes to next year, restart cheap loans soon: Reuters poll

Fri, 03/01/2019 - 22:10
Faced with a serious slowdown in euro zone economic growth, the European Central Bank is set to delay hiking interest rates from record lows until next year and will soon re-launch its offer of long-term loans to banks, a Reuters poll found.

WPP shares stage relief rally after better than feared outlook

Fri, 03/01/2019 - 22:08
WPP gained some respite on Friday as the world's biggest advertising firm delivered results and forecasts that were not as bad as feared after a year of turmoil, lifting its shares.

After Air France-KLM share grab, Dutch pledge coordination with French

Fri, 03/01/2019 - 22:06
The French and Dutch governments will issue joint strategy recommendations for Air France-KLM, their finance ministers said on Friday, as they sought to defuse a row over a surprise purchase of a stake in the airline group by the Dutch.

Tata Motors denies reports of JLR unit stake sale

Fri, 03/01/2019 - 22:04
Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc.

Oil turns sharply lower as U.S. data stokes demand worries

Fri, 03/01/2019 - 21:59
Oil prices reversed course on Friday, falling 2 percent as bearish U.S. manufacturing data stoked concerns over global energy demand growth.

Gold sags on upbeat dollar, heads for worst week since November

Fri, 03/01/2019 - 21:57
Gold prices fell to a near five-week low on Friday, as the dollar recovered and global stock advances spurred risk-taking, pushing the metal towards its worst week in about four months.

Toyota, Fiat Chrysler U.S. auto sales fall in February

Fri, 03/01/2019 - 21:43
Toyota Motor Corp and Fiat Chrysler Automobiles NV reported a fall in U.S. auto sales in February, as the industry faces weak demand following a long bull run after the financial crisis.

Fiat Chrysler Canada's February auto sales fall 2 percent

Fri, 03/01/2019 - 21:42
Fiat Chrysler Automobiles NV on Friday reported a 2 percent fall in total February auto sales in Canada.

Wall Street weekahead: U.S. stock reign may not last over other regions

Fri, 03/01/2019 - 21:27
U.S. stock prices are outpacing those in most other regions to start 2019, but the gap is narrow and some investors are eyeing potential catalysts to tip the scales to the rest of the world.

A day of reckoning for the ECB?

Fri, 03/01/2019 - 21:06
The European Central Bank has downplayed a global slowdown for months, but it will finally take a tentative step next week to prop up the euro zone economy, signalling fresh stimulus to keep banks lending.

In rebuff to Trump, OPEC oil output drops further in February

Fri, 03/01/2019 - 20:28
OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia and its Gulf allies over-delivered on the group's supply pact while Venezuelan output registered a further involuntary decline.

Pakistan annual inflation accelerates to 8.21 percent in February: Bureau of Statistics

Fri, 03/01/2019 - 20:14
Pakistan's annual consumer price inflation surged to 8.21 percent in February from 7.19 percent a month earlier, the Bureau of Statistics said on Friday.

SBI confirms account frauds totalling $1.12 billion

Fri, 03/01/2019 - 20:09
State Bank of India (SBI) confirmed on Friday it had reported fraud totalling 79.51 billion rupees ($1.12 billion) during the first nine months of this financial year.

Global Markets: China cheers MSCI weight gain, yen takes the strain

Fri, 03/01/2019 - 20:00
World markets enjoyed a lively end to an otherwise slow week on Friday, with Chinese A-shares leaping after MSCI quadrupled their weight in its global benchmarks and strong U.S. economic data lifting the dollar and bond yields.

Tesla shares down 5 percent after Model 3 launch, sales shake-up

Fri, 03/01/2019 - 19:49
Wall Street reacted nervously on Friday to Tesla Inc's move to shut its network of showrooms and launch a long-awaited cheaper version of its Model 3 sedan, with its shares falling 5 percent and most analysts expressing concern over the company's long-term margins.

Jet Airways grounds two more planes, takes total to 21

Fri, 03/01/2019 - 19:47
India's Jet Airways Ltd said on Friday it grounded two more aircraft as the carrier failed to make payments to its lessors, taking the total number to 21.

U.S. personal income falls; spending weakest since 2009

Fri, 03/01/2019 - 19:45
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.

Jet Airways founder Naresh Goyal agrees to step down as chairman: sources

Thu, 02/28/2019 - 22:32
Jet Airways' founder Naresh Goyal has agreed to step down as chairman of the airline's board, two sources with direct knowledge of the matter told Reuters on Thursday, as the cash-strapped Indian carrier inches closer to securing a rescue deal.

India finalising $1.4 billion subsidy scheme for electric, hybrid vehicles: sources

Thu, 02/28/2019 - 22:07
India is close to finalising a scheme to spend $1.4 billion to subsidise sales of electric and hybrid vehicles, two sources told Reuters, part of efforts by the South Asian nation to curb pollution and reduce dependency on fossil fuels.

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