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Updated: 11 hours 56 min ago

Indian stocks shed big gains as euphoria on Modi election victory fades

Thu, 05/23/2019 - 13:57
India's stock market shot to record highs early on Thursday on news the prime minister was easily securing a second term, but all the gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy.

China calls out U.S. 'wrong actions' as Huawei ban rattles supply chains

Thu, 05/23/2019 - 13:41
Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the U.S. blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors feared a looming technology cold war.

Sensex, Nifty pull back from record highs

Thu, 05/23/2019 - 13:40
Indian shares ended lower on Thursday, after hitting record highs earlier in the session as Prime Minister Narendra Modi scored a thumping victory in the general elections.

Oil set for worst week in 6 months as crude stockpiles surge

Thu, 05/23/2019 - 13:35
Oil prices dropped on Thursday, extending falls from the previous session amid surging U.S. crude inventories as low refinery runs and ongoing trade tensions weighed on the demand outlook.

Deutsche Bank CEO readies investment bank cuts as stock hits low

Thu, 05/23/2019 - 12:39
Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive.

Factbox: Global tech companies shun Huawei after U.S. ban

Thu, 05/23/2019 - 12:32
Global tech firms, including chip suppliers, are cutting ties with China's Huawei Technologies Co Ltd after the U.S. government put the world's largest telecom equipment maker on a trade blacklist citing national security concerns.

Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries

Thu, 05/23/2019 - 12:31
Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.

Euro zone business growth fails to shine in May -PMI

Thu, 05/23/2019 - 12:26
A recovery in euro zone business activity was weaker than expected this month as a deepening contraction in the bloc's manufacturing industry is increasingly holding back services firms, a survey showed.

Ex-Nissan boss Ghosn to ask for monitored visit with spouse - lawyer

Thu, 05/23/2019 - 12:23
Lawyers for Carlos Ghosn will ask a Japanese court to allow the former Nissan Motor boss one monitored visit with his wife after the Supreme Court upheld curbs on contact with his spouse while he is on bail, his legal team said on Thursday.

Kazakhstan ready to supply oil to Belarus - Belta cites envoy

Thu, 05/23/2019 - 12:23
Kazakhstan is prepared to supply oil to Belarus, but the countries need to agree such deliveries with Russia across whose territory they would pass, Belta news agency cited Kazakhstan's ambassador as saying on Thursday.

PC maker Lenovo books Q4 profit surge, says production unaffected by trade war

Thu, 05/23/2019 - 12:18
Tech giant Lenovo Group Ltd on Thursday reported a market-beating three-fold surge in quarterly profit helped by strong personal computer (PCs) sales, and said its production plans had not been affected by the ongoing Sino-U.S. trade war.

China says lodged solemn representations with U.S. over Huawei

Thu, 05/23/2019 - 12:14
China said on Thursday it had lodged solemn representations with the United States after it escalated a trade war between the two countries by placing Chinese telecoms equipment maker Huawei Technologies Co Ltd on a blacklist for U.S. suppliers.

French first-quarter online retail sales rose 11.9% - Fevad

Thu, 05/23/2019 - 12:14
Online retail sales in France rose by 11.9% to 24.9 billion euros ($27.7 billion) in the first quarter, said the French E-Commerce Federation (Fevad), reflecting growth in a sector that has seen Amazon put pressure on traditional retailers such as Carrefour.

France's Voltalia in exclusive talks to buy Helexia

Thu, 05/23/2019 - 12:13
French renewables firm Voltalia is in exclusive talks to buy Helexia to expand in solar energy and energy efficiency services, Voltalia said on Thursday.

Trade woes sink global shares, Brexit weighs on sterling

Thu, 05/23/2019 - 12:12
World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies.

Japan's Nippon Life Insurance to raise stake in Reliance Capital-owned asset manager to 75%

Thu, 05/23/2019 - 11:57
Reliance Nippon Life Asset Management Ltd said on Thursday its Japanese investor would increase its stake in the Mumbai-based asset manager to 75%.

Carlsberg extends sponsorship deal with Liverpool FC

Thu, 05/23/2019 - 11:44
Danish brewer Carlsberg said on Thursday it had agreed with Liverpool FC to extend its sponsorship deal with the soccer club until the 2023-24 season, marking the longest running partnership in England's Premier League.

Asia oil refiners mull run cuts after margins hit lowest for season since 2003 - sources, data

Thu, 05/23/2019 - 11:30
Asia's oil refiners are considering reducing output after margins slumped to their lowest for the season since 2003, according to industry sources and Refinitiv data.

German business morale darkens on weak services

Thu, 05/23/2019 - 11:27
German business morale deteriorated more than expected in May due mainly to a plunge in services sector confidence, a survey showed, suggesting that Europe's largest economy is losing steam after solid growth at the start of the year.

Gold prices steady as trade woes, Fed stance boost dollar

Thu, 05/23/2019 - 10:32
Gold prices held firm on Thursday, as simmering Sino-U.S. trade tensions underpinned the dollar, while bullion investors looked for a direction after the minutes of the U.S. Federal Reserve meeting indicated that rates will remain unchanged.

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