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Updated: 10 hours 3 min ago

China copper imports in June fall 27% from a year earlier

Fri, 07/12/2019 - 15:57
China's unwrought copper imports in June fell 27.2% from a year earlier, official data showed on Friday, as a slowdown in the world's second-biggest economy continues to weigh on demand for the metal.

Nifty, Sensex slip as Wipro, ONGC drag

Fri, 07/12/2019 - 15:56
Indian shares closed lower after a volatile session on Friday, led by declines in IT firm Wipro Ltd and Oil and Natural Gas Corporation Ltd.

Slimmed-down WPP to net $3.1 billion selling Kantar stake to Bain

Fri, 07/12/2019 - 15:56
WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderman Thompson funds to cut debt and rebuild.

Daimler warns on profit again, blames diesel and recall costs

Fri, 07/12/2019 - 15:56
Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags.

Italy wants to enlist France, Spain in push to change EU fiscal rules

Fri, 07/12/2019 - 15:53
Italy wants France and Spain to support its campaign to change the European Union's fiscal rules and focus them more on growth in the face of a regional and global economic slowdown, Economy Minister Giovanni Tria said in remarks published on Friday.

Volkswagen to contribute $2.6 billion to Ford's autonomous venture - source

Fri, 07/12/2019 - 15:52
Carmaker Volkswagen will inject $1 billion in capital and $1.6 billion worth of assets into Ford's self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs.

Exclusive: India aims to raise $47 billion from stake sales in state firms over five years - sources

Fri, 07/12/2019 - 15:45
The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatisation push in more than two decades.

Global Markets: Shares flat as investors parse economic data, dollar dips for third day

Fri, 07/12/2019 - 15:44
World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even a stronger-than-expected U.S. inflation print failed to shake bets on Federal Reserve interest rate cuts.

Thomas Cook turns to China's Fosun to save oldest travel firm

Fri, 07/12/2019 - 15:41
Thomas Cook is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism control of the indebted British group's package-tour business, in a blow to other shareholders.

Finance Minister Nirmala Sitharaman says tax targets 'absolutely' achievable - HT

Fri, 07/12/2019 - 15:30
India has given itself achievable targets for its tax collections, Finance Minister Nirmala Sitharaman said in an interview to news daily Hindustan Times, adding that goods and services tax (GST) collections could "absolutely" move higher.

India's diesel demand set for detour as drivers switch to gasoline

Fri, 07/12/2019 - 15:22
India's strong diesel demand growth is decoupling from the car market as motorists increasingly turn to gasoline vehicles, leaving it more reliant on patchy demand from construction and heavy industry.

Property speculators hope for investment paradise in southwest China

Fri, 07/12/2019 - 15:03
A bus came to a halt amid a tropical rainforest not far from China's border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow.

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

Fri, 07/12/2019 - 14:49
Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes.

Japan export curbs on South Korea may widen rift over wartime labour compensation

Fri, 07/12/2019 - 14:48
Japan's restrictions on certain tech exports to South Korea are deepening a decades-long feud over wartime forced labour and may make compromise harder as leaders in both countries appeal to their political bases.

Euro zone industrial output rises more than expected in May

Fri, 07/12/2019 - 14:45
Euro zone industrial production rose more than expected in May, data released on Friday showed, offsetting declines in the past two months and defying gloomy forecasts caused by prolonged trade tensions.

India-U.S. trade talks to restart Friday with little sign of compromise

Thu, 07/11/2019 - 16:54
Indian and U.S. trade negotiators will meet on Friday, with little sign of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners.

French Senate approves tax as U.S. opens probe into digital levy

Thu, 07/11/2019 - 16:39
France's Senate on Thursday gave final approval to a tax on big technology companies, potentially opening a new front in a trade row between Washington and the European Union.

Reckitt to pay $1.4 billion to end opioid addiction treatment probes

Thu, 07/11/2019 - 16:31
Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has been hanging over the British company for years.

China second-quarter GDP growth seen easing to 6.2%, more stimulus expected: Reuters poll

Thu, 07/11/2019 - 16:15
China's second-quarter economic growth likely slowed to its weakest pace in at least 27 years, a Reuters poll showed, as demand at home and abroad weakened amid a bruising trade war with the United States.

India to receive below-average monsoon rains in next two weeks

Thu, 07/11/2019 - 16:08
India may receive below-average rainfall in the next two weeks with a large deficit in the soybean and cotton growing central and western regions, a weather department official said on Thursday, raising concerns over the output of summer-sown crops.