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Updated: 11 hours 53 min ago

Nissan's Ghosn indicted on two new charges of financial misconduct

Fri, 01/11/2019 - 08:24
Tokyo prosecutors indicted former Nissan Motor Co Ltd Chairman Carlos Ghosn on two new charges of financial misconduct on Friday, his lawyer said, adding to the legal challenges for the once-feted auto executive.

Oil on track for weekly gains on trade talk hopes, OPEC-led supply cuts

Fri, 01/11/2019 - 08:12
Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes, and as OPEC-led crude output cuts started to tighten supply.

Nifty subdued ahead of Infosys results; TCS, L&T Infotech lag

Fri, 01/11/2019 - 08:10
Indian shares were little changed on Friday, as investors awaited technology giant Infosys Ltd's results for clarity after rival Tata Consultancy Services' quarterly margins contracted.

Exclusive: China to set lower GDP growth target of 6-6.5 percent in 2019 - sources

Fri, 01/11/2019 - 07:51
China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year's target of "around" 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher U.S. tariffs and weakening domestic demand.

Social media giants plan push-back on India's new regulations - sources

Fri, 01/11/2019 - 07:34
Global social media and technology giants are gearing up to fight sweeping new rules proposed by the Indian government that would require them to actively regulate content in one of the world's biggest Internet markets, sources close to the matter told Reuters.

After Monsanto patent ruling, Indian farmers hope for next-gen GM seeds

Fri, 01/11/2019 - 07:03
A court ruling in India this week that upheld a Monsanto patent on genetically modified (GM) cotton seeds has raised hopes among farmers that the company would now launch its next-generation seeds, the application for which it pulled two years ago.

China pledges easier foreign tourist access to Tibet amid U.S. pressure

Fri, 01/11/2019 - 06:24
The Chinese government in Tibet said it will boost numbers and cut waiting times for foreign tourists visiting the highly restricted region, amid renewed pressure from the United States for greater access for U.S. officials and journalists.

Iran's crude exports stay subdued in January despite waivers: sources

Fri, 01/11/2019 - 05:43
Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find new buyers amid fresh U.S. sanctions even though its traditional customers secured waivers, according to tanker data and industry sources.

Trump's attorney general nominee to recuse from AT&T-Time Warner appeal

Fri, 01/11/2019 - 03:24
William Barr, nominated by President Donald Trump to become U.S. attorney general, plans to recuse himself from a major antitrust case, according to people who spoke with him on Thursday, as he navigates possible conflicts of interest presented by about $37 million in assets he amassed as a private-sector lawyer.

Ford, Jaguar slash thousands of jobs across Europe

Fri, 01/11/2019 - 03:07
Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday as carmakers struggle with a slump in demand for diesel vehicles, tougher emissions rules and a global economic slowdown led by China.

U.S. expects China's top trade negotiator to visit 'most likely' this month

Fri, 01/11/2019 - 02:56
U.S. officials expect China's top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week's talks with mid-level officials in Beijing as the world's two largest economies try to hammer out a deal to end a tit-for-tat tariff war.

Trump cancels planned Davos trip as shutdown drags on

Fri, 01/11/2019 - 02:03
U.S. President Donald Trump on Thursday canceled a planned visit later this month to the World Economic Forum in Davos, Switzerland, signaling he was prepared for the political showdown over the partial federal government shutdown to stretch into late January.

Macy's cuts profit, sales forecast after weak holiday season

Fri, 01/11/2019 - 01:55
Macy's Inc shares plunged 18 percent on Thursday after the department store operator slashed its full-year profit and sales forecast on the back of an anemic holiday season, sending a chill through the wider retail sector.

PVH raises profit forecast, unveils fixes for Calvin Klein

Fri, 01/11/2019 - 01:46
Apparel maker PVH Corp on Thursday raised its fourth-quarter adjusted profit forecast and said it would record a $120 million charge for restructuring its Calvin Klein unit.

Johnson & Johnson raises U.S. prices on around two dozen drugs

Fri, 01/11/2019 - 01:31
Johnson & Johnson raised U.S. prices on around two dozen prescription drugs on Thursday, including the psoriasis treatment Stelara, prostate cancer drug Zytiga and blood thinner Xarelto, all among its top-selling products.

Jaguar Land Rover to make 'substantial' job cuts after China, diesel slump: source

Thu, 01/10/2019 - 09:34
Britain's biggest carmaker Jaguar Land Rover (JLR) is set to announce "substantial" job cuts in the thousands, a source told Reuters, as the company faces double-digit drops in demand in China and a slump in sales for diesel cars in Europe.

Global Markets: Most Asia shares inch up as signals on trade talks awaited

Thu, 01/10/2019 - 09:33
Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks seesawed as markets awaited some details on this week's U.S.-China trade talks amid hopes an all-out trade war can be averted.

German industry demands tougher EU line on China

Thu, 01/10/2019 - 09:32
Germany's influential BDI industry association has called on the European Union to adopt a tougher economic policy towards China to help firms as concern mounts over price dumping, technology transfer and unequal access to licenses and financing.

Pakistan eyes investment pacts with Saudi Arabia, UAE

Thu, 01/10/2019 - 09:26
Pakistan expects to sign investment agreements with Saudi Arabia and the United Arab Emirates in the coming weeks, the prime minister's office said, as Islamabad builds on its ties with states that have recently lent it billions of dollars.

Uniqlo's Fast Retailing blames warm winter for surprise profit decline

Thu, 01/10/2019 - 09:01
Uniqlo operator Fast Retailing Co Ltd reported an unexpected decline in quarterly profit on Thursday, blaming warm weather for hurting winter clothing sales even as its Chinese business shrugged off concerns of a decelerating economy.