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Updated: 38 min 51 sec ago

Factbox: German coal-fired power capacity under review

Sat, 01/26/2019 - 19:27
A government-appointed commission recommended on Saturday that Germany shut its coal-fired power plants by 2038 at the latest and proposed at least 40 billion euros ($45.7 billion) in aid for the affected regions.

RWE says coal exit in 2038 too early, will review proposals

Sat, 01/26/2019 - 19:25
RWE, Germany's biggest electricity producer, said it would thoroughly review the impact of proposals by a government-appointed commission for how to phase out coal, adding fully exiting the fuel by 2038 was too early.

BAE chairman: UK should be 'critical friend' to Riyadh - Sky News

Sat, 01/26/2019 - 17:40
The killing of Jamal Khashoggi and Yemen's war have hurt Saudi Arabia's reputation, the chairman of BAE Systems told Sky News, adding Britain as a "critical friend" could help Riyadh refocus on the development push it was making before those crises emerged.

NLC India to set-up mines, power projects in Tamil Nadu

Sat, 01/26/2019 - 15:31
State-owned NLC India plans to invest about 238 billion Indian rupees ($3.4 billion) in Tamil Nadu to set up mines and power projects, the company said on Saturday.

Germany to phase out coal by 2038 in move away from fossil fuels

Sat, 01/26/2019 - 12:43
Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the planned phase-out.

China names ICBC banking veteran to head securities regulator

Sat, 01/26/2019 - 11:41
China has appointed banking veteran Yi Huiman to head the China Securities Regulatory Commission (CSRC), putting governance of the nation's stock markets in his hands at a time when investor confidence has been hit by a slowing economy and U.S. tariffs.

Mastercard says plans to apply for China license to clear card payments

Sat, 01/26/2019 - 07:47
U.S. payments card company Mastercard Inc said on Friday it still plans to apply for a bankcard clearing license in China and was in "active discussions" to explore solutions.

Malaysia to cancel $20 billion China-backed rail project: minister

Sat, 01/26/2019 - 07:14
Malaysia's economics minister said on Saturday the country will cancel its $20 billion East Coast Rail Link (ECRL) project with contractor China Communications Construction Co Ltd (CCCC).

Thyssenkrupp has no plans to sell elevator unit: Rheinische Post

Sat, 01/26/2019 - 05:21
Thyssenkrupp has no plans to sell its elevators business, its chief executive told a German newspaper, also saying that a current plan to split the group in two would sufficiently boost its equity and capital base.

Global Economy: Central bank policy tightening: damned if they do, damned if they don't

Sat, 01/26/2019 - 03:35
Central banks may be about to face one of their biggest challenges yet: Global economic growth is slowing, but they have struggled to build up their policy arsenals since the last crisis to effectively deal with another one.

Wall Street advances on Washington temporary shutdown deal

Sat, 01/26/2019 - 01:59
Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to temporarily end the longest U.S. government shutdown in history.

Focus: GE urges speedy fix for power turbine blades, says blade broke in 2015 - sources

Sat, 01/26/2019 - 01:47
General Electric Co is advising some buyers of its big power turbines to switch out faulty blades sooner than expected and has disclosed that a blade broke in 2015, according to a presentation reviewed by Reuters and people briefed on the matter.

Stocks, yields rise after deal announced to end U.S. government shutdown

Sat, 01/26/2019 - 01:16
Wall Street indexes rose and bond yields followed stocks higher on Friday after U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown and as investors reacted to corporate earnings reports.

Exclusive: Refiner Citgo prepares to fend off Venezuela's opposition government

Fri, 01/25/2019 - 23:45
Venezuela's most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to be removed and its revenues diverted to an opposition government, sources close to the talks said.

Exclusive: MoneyGram exploring options, including potential sale - sources

Fri, 01/25/2019 - 23:35
MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a U.S. government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday.

Wall Street Week Ahead: Consumer confidence in focus as shutdown fears fade

Fri, 01/25/2019 - 23:22
U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever.

Emerging markets brought the bears, now they have the bulls

Fri, 01/25/2019 - 20:44
This weekend marks a year since the start of one of most comprehensive global bear markets on record, but just as the developing world's equity indexes were first to fold last year, now they are leading the charge back up.

Take Five: Time for a break? World markets themes for the week ahead

Fri, 01/25/2019 - 19:55
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

Exclusive: Canada mulls measures to curb private lenders' growth

Fri, 01/25/2019 - 19:50
Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid growth, three sources with direct knowledge of the matter said.

India's 2018 thermal coal imports grew at fastest pace in four years: sources

Fri, 01/25/2019 - 19:38
India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit.