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Updated: 9 hours 31 min ago

Japan's exports fall for 9th straight month as global demand falters

Wed, 09/18/2019 - 06:36
Japan's exports slipped for a ninth straight month in August as international trade tensions ramped up risks for the world's third-largest economy, although the decline was slightly smaller than expected.

Global Markets: Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

Wed, 09/18/2019 - 06:33
Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Oil extends losses after Saudi Arabia to restore output by end-September

Wed, 09/18/2019 - 06:00
Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia's energy minister said the Kingdom will restore lost oil production by the end of the month.

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

Wed, 09/18/2019 - 05:25
Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.

Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars

Wed, 09/18/2019 - 05:22
China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

Trump says China trade deal could come before U.S. election, or not

Wed, 09/18/2019 - 04:46
U.S. President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the U.S. presidential election, or an agreement could be reached the day after U.S. voters go to the polls.

UK companies would incur tariff costs after no-deal Brexit: survey

Wed, 09/18/2019 - 04:43
Almost 40% of British businesses with suppliers in the European Union have signed "Brexit clauses" to allow prices or other terms to be renegotiated if trade tariffs return after a no-deal departure from the bloc, a survey showed on Wednesday.

Virgin Atlantic eyes over 80 new routes at expanded Heathrow

Wed, 09/18/2019 - 04:35
Virgin Atlantic is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport including short-haul and domestic flights, the British airline said on Wednesday.

Investors turn heat on Big Oil ahead of U.N. climate summit

Wed, 09/18/2019 - 04:33
Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change.

Top U.S. antitrust regulators admit to infighting on big tech probe

Wed, 09/18/2019 - 03:49
The top U.S. antitrust regulators admitted at a congressional hearing on Tuesday that they had wasted time arguing over who would investigate which tech company, as they take on major probes of firms like Alphabet's Google for allegedly using their market power unfairly.

Oil plummets 6% as Saudi minister says supplies fully restored

Wed, 09/18/2019 - 03:42
Oil prices tumbled about 6% on Tuesday after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.

Toyota invests $391 million in its Texas truck assembly plant

Wed, 09/18/2019 - 03:40
Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.

Saudi Arabia to restore oil output fully by end of September: energy minister

Wed, 09/18/2019 - 03:38
Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.

BoE governor appointment to be delayed until after forthcoming election: FT

Wed, 09/18/2019 - 03:28
The appointment of the next governor of the Bank of England will be pushed back until after the forthcoming election, the Financial Times reported on Tuesday, citing people briefed on the matter.

Gold rises as investors await Fed policy decision

Wed, 09/18/2019 - 03:09
Gold rose on Tuesday, propped up by expectations for an interest rate cut by the U.S. Federal Reserve, but traded within a relatively narrow range as investors awaited further clarity on the central bank's stance on future monetary policy.

U.S. FAA to brief international regulators on status of Boeing 737 MAX

Wed, 09/18/2019 - 02:35
Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.

Wall Street rises as oil fears recede, market awaits Fed

Wed, 09/18/2019 - 02:23
Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday.

Global Markets: Oil falls as supply worries fade; stocks edge higher

Wed, 09/18/2019 - 02:22
Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output.

France's Macron bets on private-sector funding to fuel startup push

Wed, 09/18/2019 - 02:14
France aims to raise 5 billion euros ($5.53 billion) in funds from private-sector investors to give French startup companies a leg up and help the most promising ones grow further, President Emmanuel Macron said on Tuesday.

Global Markets: Oil trims gains but Middle East risks keep stocks on back foot

Tue, 09/17/2019 - 06:43
Oil futures shed some of their massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.