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French parliament definitely adopts tax on tech giants despite U.S. probe

Thu, 07/11/2019 - 16:07
A French tax on tech companies was definitely adopted by parliament on Thursday after the Senate approved a final version of the bill in defiance of a U.S. investigation.

South Korea steps up effort to get U.S. help in export row with Japan

Thu, 07/11/2019 - 15:59
South Korea has warned the United States of the potential damage from "undesirable" Japanese restrictions on exports of high-tech material to South Korea, as a trade row between the East Asian U.S. allies intensifies.

European startups navigate long, winding road to self-driving future

Thu, 07/11/2019 - 15:58
Far from the sunny, wide streets of Phoenix, where Waymo's self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept roads of European cities.

New Thai cabinet eases uncertainty, but doubts persist over economy

Thu, 07/11/2019 - 15:54
The appointment of Thailand's new cabinet dispels some political uncertainty, but doubts remain over its ability to spur long-term growth in an economy that lags regional peers, analysts said on Thursday.

Sensex, Nifty close higher as Fed chief rekindles rate-cut hopes

Thu, 07/11/2019 - 15:53
Indian shares ended higher on Thursday, driven by broad-based gains and tracking strength across global equities, after dovish comments by U.S. Federal Reserve Chairman Jerome Powell reignited rate-cut hopes.

Israel's Bezeq Telecom to reduce workforce at ISP subsidiary

Thu, 07/11/2019 - 15:52
Israel's largest telecom group, Bezeq, said on Thursday that wholly owned subsidiary Bezeq International, an internet service and overseas calling provider, reached an agreement with its labor union regarding a efficiency program through 2021.

Gold extends rally after Fed's Powell hints at rate cut

Thu, 07/11/2019 - 15:44
Gold prices rose to a one-week high on Thursday, extending gains from the previous session after U.S. Federal Reserve Chairman Jerome Powell's dovish remarks bolstered expectations of an interest rate cut this month.

Oil at six-week high on Gulf of Mexico storm, Iran tensions

Thu, 07/11/2019 - 15:42
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.

Kenya orders Safaricom to shut down betting payments in revenue blow

Thu, 07/11/2019 - 15:42
Kenya has ordered telecoms firm Safaricom to stop processing payments for sports betting companies, potentially shutting down a lucrative source of revenue for the company.

Bleak China autos outlook triggers raft of profit warnings

Thu, 07/11/2019 - 15:35
Auto suppliers Johnson Electric Holdings and Sensirion slashed their earnings forecasts on Thursday, blaming a slowdown in car sales and pessimism about the prospects of a Chinese car sector recovery.

Insight: Wall Street banks bailing on troubled U.S. farm sector

Thu, 07/11/2019 - 15:35
In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.

Bang & Olufsen sees return to sales growth after bleak year

Thu, 07/11/2019 - 15:34
TV and speaker maker Bang & Olufsen swung to a fourth-quarter operating loss but forecast a return to sales growth this year on new products and store openings in major cities aimed at enticing clients willing to pay for its luxury goods.

Shrinking demand to eclipse supply issues in tin market

Thu, 07/11/2019 - 15:34
The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa.

China sets 2019 subsidies for large-scale solar power projects at $248 million

Thu, 07/11/2019 - 15:30
China has estimated government subsidies for centralised solar power projects in 2019 at 1.7 billion yuan ($247.64 million), involving total installed capacity of 22.79 gigawatts (GW), the National Energy Administration (NEA) said on Thursday.

Air China plans to buy 20 A350-900 aircraft from Airbus

Thu, 07/11/2019 - 15:29
Air China, China's flagship carrier, will buy 20 A350-900 jets from Airbus SE worth $6.54 billion based on list prices, the carrier said on Thursday.

Thai rice exports hit by strong baht, unlikely to meet 2019 goal

Wed, 07/10/2019 - 16:31
Thailand's rice exports fell by 12% in the first half of 2019 hurt by a strong baht, and will likely fall short of this year's target of 9.5 million tonnes, an exporter group said on Wednesday.

Refile: China's 2019 growth seen slowing to 6.2% as trade war weighs: Reuters poll

Wed, 07/10/2019 - 16:27
(Corrects a word in 2nd subhead, making it: More measures expected)

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

Wed, 07/10/2019 - 16:13
The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a major risk to the bloc.

Nifty, Sensex close lower, financials drag

Wed, 07/10/2019 - 16:10
Indian shares closed lower on Wednesday amid a slew of disappointing news, with Bajaj Finance Ltd and Indiabulls Housing Finance Ltd weighing the most on the NSE Nifty.

Gold slips as dollar strengthens ahead of Powell's testimony

Wed, 07/10/2019 - 15:56
Gold prices eased on Wednesday, as the dollar climbed on reduced expectations of a sharp U.S. interest rate cut and ahead of Federal Reserve Chairman Jerome Powell's congressional testimony due later in the day.

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