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Updated: 11 hours 55 min ago

India's sugar mills struggling to export surplus as overseas prices fall

Thu, 01/10/2019 - 08:56
India's sugar exports are likely to be far lower than a 5 million-tonne target set by New Delhi as a strengthening rupee and falling global prices make shipments unattractive despite a government push for overseas sales, industry officials said.

Prosecutors set to indict Nissan's Ghosn again on Friday: source

Thu, 01/10/2019 - 08:52
Japanese prosecutors plan to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three.

Jet Airways proposes late debt repayments to creditors: document

Thu, 01/10/2019 - 08:42
India's cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters.

Chinese group swindles $18.5 million from Indian arm of Italian company: Economic Times

Thu, 01/10/2019 - 08:40
A group of Chinese hackers robbed 1.3 billion rupees ($18.45 million) from the Indian unit of Tecnimont SpA through an elaborate cyber fraud that included impersonating the Italian engineering firm's chief executive, the Economic Times reported.

China's soft factory-gate inflation raises prospect of more stimulus

Thu, 01/10/2019 - 08:30
China's producer prices in December rose at their slowest pace in more than two years, a worrying sign of deflationary risks that could see Beijing roll out more policy support to help stabilise the economy.

Volkswagen, Ford to reveal deeper alliance next week: sources

Thu, 01/10/2019 - 08:24
Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday.

Nifty, Sensex slip on overnight oil price rise; all eyes on TCS results

Thu, 01/10/2019 - 08:15
Indian shares snapped a four-session rally on Thursday, as an overnight jump in oil prices hit trading sentiment, while investors awaited technology giant Tata Consultancy Services' results before making fresh bets.

At China port, tariff drop a salve for hard-hit traders of American cars

Thu, 01/10/2019 - 08:14
In the Chinese port city of Tianjin, grey market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary.

U.S. oil export boom sparks a battle to build Texas ports

Thu, 01/10/2019 - 08:12
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.

Exclusive: Volkswagen, China spearhead $300 billion global drive to electrify cars

Thu, 01/10/2019 - 08:10
Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry's transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers.

Vietnam arrests former BIDV banker amid graft crackdown

Thu, 01/10/2019 - 08:08
Police in Vietnam have arrested a former senior executive of BIDV, a bank that has come under scrutiny from an anti-graft campaign in the communist-ruled country, the Ministry of Public Security said on Thursday.

Gold gains as dovish Fed, U.S. political impasse drag dollar

Thu, 01/10/2019 - 08:05
Gold prices rose on Thursday as growing expectations that the U.S. Federal Reserve will pause its rate tightening cycle this year and an impasse between U.S. President Donald Trump and Democrats on funding for a border wall weighed on the dollar.

Oil falls 1 percent on swelling U.S. supply, concerns on U.S.-China trade talks

Thu, 01/10/2019 - 07:24
Oil prices fell by about 1 percent on Thursday on swelling U.S. supply and amid a cautious reaction to trade talks between the United States and China, the world's two largest oil consumers, that finished without concrete details to ending their dispute.

New year brings fresh hopes for bulls in Asian currencies: Reuters poll

Thu, 01/10/2019 - 07:03
Investors turned bullish on most Asian currencies for the first time since early last year, a Reuters poll showed, as risk appetite rose on hopes of a halt to the U.S. rate hike cycle, and the world's top two economies settling a months-long trade row.

China envoy accuses Canada of 'double standards' over Huawei arrest

Thu, 01/10/2019 - 06:50
China's ambassador to Ottawa has accused Canada of "double standards" and disregarding his country's judicial sovereignty, in a diplomatic row sparked by the arrest of Huawei executive Meng Wanzhou at the request of the United States.

U.S. oil exports to Asia set to rise in second-quarter as freight costs fall

Wed, 01/09/2019 - 09:20
U.S. crude oil exports to Asia are set to rise in the second quarter as sellers cut prices following sharp drops in freight rates and expected weaker demand in the United States, trading and shipping sources said.

Ted Baker posts higher retail sales for Christmas season

Wed, 01/09/2019 - 09:19
British fashion retailer Ted Baker Plc reported higher retail sales in the holiday period, helped by a surge in online demand and said an investigation into reports related to the conduct of its founder were progressing.

Exclusive: Saudi private jet industry stalls after corruption crackdown

Wed, 01/09/2019 - 09:14
A crackdown on corruption in Saudi Arabia has severely dented the kingdom's private jet industry in a sign of the impact the campaign has had on private enterprise and the wealthy elite.

Global Markets: Asian shares rise to 3-1/2-week high on U.S.-China trade optimism, oil climbs

Wed, 01/09/2019 - 09:12
Asian shares climbed to a 3-1/2-week high on Wednesday and European and U.S. markets looked set to follow on growing optimism that the United States and China were inching toward a trade deal that could lift a major threat to the global economy.

Tokyo court rejects request to end Ghosn's detention: Jiji

Wed, 01/09/2019 - 08:39
The Tokyo District Court has rejected a request by lawyers of Carlos Ghosn to end the detention of the ousted Nissan Motor Co Ltd chairman, who has been held since his Nov. 19 arrest on accusations of financial misconduct, Jiji Press reported on Wednesday.