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Updated: 33 min 30 sec ago

Oil holds around 2019 highs ahead of U.S. weekly data

Tue, 03/19/2019 - 21:52
Oil prices were largely steady around four-month highs on Tuesday on expectations that OPEC would continue production cuts till the end of the year, and ahead of weekly U.S. data that was forecast to show a build in crude stocks.

Palladium breaks above $1,600 in record run on supply woes

Tue, 03/19/2019 - 21:45
Palladium surged past $1,600 for the first time on Tuesday, in a seven-session rally, on expectations that strained supplies of the autocatalyst metal could worsen, while platinum soared 3 percent.

Wall Street inches higher as Fed meeting convenes

Tue, 03/19/2019 - 21:43
Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting.

Global Markets: Stocks and oil touch 2019 highs; sterling rides Brexit twists

Tue, 03/19/2019 - 21:15
Stocks across the globe rose on Tuesday for a seventh straight session, the longest upward streak of the year, while the pound wobbled against the dollar on expectations that European Union officials would give Britain a delay on Brexit negotiations.

Trump says trade talks with China going 'very well'

Tue, 03/19/2019 - 20:47
President Donald Trump said on Tuesday that U.S. trade talks with China were going well as two top American officials reportedly plan a visit to China next week for a fresh round of talks.

U.S.-China plan new trade talks for deal by end of April: WSJ

Tue, 03/19/2019 - 19:44
Top U.S. and China negotiators are planning new rounds of talks starting next week to end a trade dispute between the two nations, the Wall Street Journal reported on Tuesday.

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

Tue, 03/19/2019 - 19:28
The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it had fined Citigroup $25 million for violating the Fair Housing Act by denying some borrowers preferential rates on the basis of their race, color or other factors.

Boeing CEO says company understands 'lives depend' on plane safety

Tue, 03/19/2019 - 19:20
Boeing Co Chief Executive Dennis Muilenburg, facing the biggest crisis of his tenure, said on Monday that the company understands "lives depend on the work we do" and was taking steps to "fully ensure" the safety of the 737 MAX jet in the wake of deadly crashes.

EU rules Italian bank rescue legal in blow to antitrust watchdog

Tue, 03/19/2019 - 18:53
European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted the bloc's rules.

Saudi Arabia invests $23 billion to improve living in Riyadh

Tue, 03/19/2019 - 18:52
Saudi Arabia said on Tuesday it would spend 86 billion riyals ($23 billion) to boost the quality of life in the capital Riyadh, increasing green space and recreational areas and installing 1,000 works of art across the city.

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

Tue, 03/19/2019 - 18:28
Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.

Riding with 'Uncle Diego': Uber's wild drive for growth in Chile

Tue, 03/19/2019 - 18:26
The Uber driver pulled up to the international airport outside Chile's capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble.

Egypt, Nissan agree to produce 100,000 cars a year: minister

Tue, 03/19/2019 - 18:20
Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100,000 cars a year in Egypt, the minister for public enterprises said on Tuesday.

U.S. sanctions Venezuela gold mining company for backing Maduro

Tue, 03/19/2019 - 18:17
The United States imposed sanctions on Tuesday against Venezuela's state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro.

Aluminium maker Hydro battles to contain ransomware attack

Tue, 03/19/2019 - 18:11
Norsk Hydro, one of the world's largest aluminium producers, battled on Tuesday to contain a cyber attack which halted parts of its production, the latest example of the damage hackers can cause to business and industry.

Lenders and travellers stick with Ethiopian Airlines, for now

Tue, 03/19/2019 - 17:46
Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people.

RBI chief Shaktikanta Das says new liquidity tool well received

Tue, 03/19/2019 - 17:17
The Reserve Bank of India's new step to infuse rupees into the banking system through a dollar/rupee forward buy-sell swap auction window has been well received by the market, Governor Shaktikanta Das said on Tuesday.

Mindtree management rejects L&T's hostile takeover bid

Tue, 03/19/2019 - 17:14
India's Mindtree on Tuesday rejected conglomerate Larsen & Toubro's hostile takeover bid, saying L&T's plan to acquire a controlling stake will not create value for the IT services firm or its shareholders.

EU to study Boeing software updates before allowing flights to resume

Tue, 03/19/2019 - 16:57
The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc's aviation safety agency said.

U.S. factory orders barely rise; shipments fall further

Tue, 03/19/2019 - 16:55
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.