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Updated: 11 hours 56 min ago

Coffee price slump leaves farmers earning less than a cent a cup

Mon, 01/14/2019 - 10:41
In the verdant southern highlands of Ethiopia, coffee farmer Gafeto Gardo is thinking about calling time on an industry that has sustained families for generations.

India's softer wholesale inflation opens door to monetary easing

Mon, 01/14/2019 - 10:40
India's wholesale inflation eased to an eight-month low in December, strengthening views among some economists the central bank could ease its monetary policy stance next month as the country faces a slowdown in manufacturing.

Apple-supplier Dialog Semi's Q4 sales at bottom of forecast range

Mon, 01/14/2019 - 10:30
Chip designer Dialog Semiconductor, which supplies iPhone maker Apple, reported preliminary fourth-quarter sales at the low end of its target range on Monday, sending its shares down more than 3 percent.

Oil falls by one percent on China trade slump, although crude imports remain high

Mon, 01/14/2019 - 10:23
Oil prices fell by 1 percent on Monday, with Brent crude slipping below $60 per barrel, after Chinese data showed weakening imports and exports in the world's biggest trading nation and second-largest crude oil consumer.

JD Sports sees full-year profit at higher end of market view

Mon, 01/14/2019 - 10:16
JD Sports Fashion Plc forecast annual profit at the higher end of expectations on Monday as Britain's biggest sportswear retailer refused to cut prices in a tough retail environment.

Continental warns weaker markets, electric shift to hit margins

Mon, 01/14/2019 - 10:16
German automotive supplier Continental AG warned of a drop in profitability this year, blaming a downturn in car markets and the industry's costly shift from combustion engines towards electric vehicles.

Gold rises on U.S. Fed pause expectation, equity pullback

Mon, 01/14/2019 - 09:51
Gold prices rose on Monday as the dollar fell on expectations that the U.S. Federal Reserve will not raise rates this year and as Asian stocks tumbled after lacklustre China data pointed to a slowdown in the world's second-largest economy.

China car sales hit reverse for first time since 1990s

Mon, 01/14/2019 - 09:33
Car makers in China will face more fierce competition this year, after a tough 2018 when the world's biggest auto market contracted for the first time in more than two decades, the country's top auto industry association said on Monday.

China's exports shrink most in two years, raising risks to global economy

Mon, 01/14/2019 - 09:09
China's exports unexpectedly fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand.

Fintech firms want to shake up banking, and that worries the Fed

Mon, 01/14/2019 - 08:53
The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are exploring granting federal bank-like licenses to tech-driven firms that offer financial services, such as money transfer

China's auto market contracts in 2018: industry association

Mon, 01/14/2019 - 08:30
China's automotive market contracted in 2018, the country's top auto industry association said on Monday, marking the first time sales have hit reverse since the 1990s.

Saudi's Falih meets Japan economy minister, discusses how to meet Japan oil requirements

Mon, 01/14/2019 - 08:28
Saudi Energy Minister Khalid al-Falih met with the Japanese Minister for Economy and Trade in the United Arab Emirates capital of Abu Dhabi on Monday and discussed energy security.

Focus: India's electric vehicle goals being realised on two wheels, not four

Mon, 01/14/2019 - 08:26
Hurt by high fuel prices, Vinod Gore, a farmer in Gove village in Maharashtra, ditched his petrol scooter for an electric model, underlining how two-wheelers are driving the country's goal of electrification of its vehicles.

Samsung to launch India-first smartphones to counter Chinese rivals

Mon, 01/14/2019 - 08:22
Samsung plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi in the world's second-biggest mobile phone market.

Nifty, Sensex slip; Infosys softens blow

Mon, 01/14/2019 - 08:00
Indian shares fell in line with broader Asia on Monday after a shock contraction in Chinese exports raised fears of a sharper global slowdown, but the blow was cushioned by gains in Infosys Ltd after the IT major raised its revenue forecast and announced a buyback.

Global Markets: Asia shares, U.S. stock futures hit as China's export slump jolts investors

Mon, 01/14/2019 - 08:00
Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world's second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits.

Exclusive: PG&E talking to banks on multibillion dollar bankruptcy financing-sources

Mon, 01/14/2019 - 07:33
PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday.

Brexit takes toll on Britain's financial sector, outlook weak

Mon, 01/14/2019 - 06:36
Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed.

China December crude oil imports at second highest, gas imports at record

Mon, 01/14/2019 - 06:22
China's crude oil imports in December surged nearly 30 percent from a year earlier to the second highest for a month on a daily basis, Reuters calculations of customs data showed on Monday.

Australia Wesfarmers' department store sales sag, shares drop

Mon, 01/14/2019 - 06:10
Australian retail conglomerate Wesfarmers Ltd warned on Monday that its discount department stores made slower-than-expected sales over Christmas, sending its shares sliding to a one-month low and auguring badly for rival retailers.