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Updated: 11 hours 56 min ago

Gold treads lower on improved risk appetite; palladium at record high

Wed, 01/09/2019 - 08:32
Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-U.S. trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve.

Bangladesh clashes prompt garment industry wage review

Wed, 01/09/2019 - 08:26
Bangladesh, the world's second biggest garment exporter behind China, will consider demands for an increase in the minimum wage, a minister said, after a third day of clashes with police that killed one worker and wounded dozens.

Sensex rises, Infosys leads gains on buyback plan

Wed, 01/09/2019 - 08:04
Indian shares traded higher on Wednesday tracking gains in broader Asia, as risk appetite improved on hopes of a positive outcome of the U.S.-China trade talks, while domestic investors remained optimistic about a strong results season starting this week.

U.S. trade delegation wrapping up meetings in China, hopes of a deal build

Wed, 01/09/2019 - 07:58
The U.S. trade delegation in Beijing is "wrapping up" meetings with Chinese officials and will return to the United States later on Wednesday after a "good few days", a U.S. official said.

World Bank sees global growth slowing in 2019

Wed, 01/09/2019 - 07:53
The growth of the global economy is expected to slow to 2.9 percent in 2019 compared with 3 percent in 2018, the World Bank said on Tuesday, citing elevated trade tensions and international trade moderation.

Oil prices climb amid U.S.-China trade talk optimism

Wed, 01/09/2019 - 07:02
Oil prices rose more than 1 percent on Wednesday, extending gains from the previous session on signs that Washington and Beijing may soon resolve a trade dispute that has cast a pall over the global economy.

New York City launches $100 mln universal health insurance program

Wed, 01/09/2019 - 07:01
New York City has launched a $100 million health insurance program to cover 600,000 uninsured residents, including those unable to afford coverage and those living in the United States illegally, Mayor Bill de Blasio said on Tuesday.

Indian banks propose $900 million turnaround plan for Jet Airways: Mint

Wed, 01/09/2019 - 07:00
Debt-laden Jet Airways Ltd's lenders proposed a $900 million resolution plan, the Mint daily reported on Wednesday, citing sources familiar with the matter.

Indian rupee seen facing more punishment, but no new record low: Reuters poll

Wed, 01/09/2019 - 05:09
The battered Indian rupee will take another bruising this year, despite a recent revival, weighed down by uncertainty around national elections in May and an expected economic slowdown, a Reuters poll found.

India to issue new safety rules for A320neos: aviation secretary

Wed, 01/09/2019 - 04:54
India will issue new safety protocols for airlines operating Airbus A320neo aircraft fitted with Pratt & Whitney engines, the civil aviation secretary said, after temporary grounding orders affected the planes last year.

China to introduce policies to strengthen domestic consumption- state media

Wed, 01/09/2019 - 03:08
China plans to introduce policies to boost domestic spending on items such as autos and home appliances this year, state television CCTV quoted a senior state planning official as saying on Tuesday.

DoubleLine's Gundlach: High-yield market flashing 'yellow' on recession

Wed, 01/09/2019 - 02:47
The high-yield "junk" bond market, which has been a leading indicator of recessions, is flashing "yellow now," Jeffrey Gundlach, chief executive of Doubleline Capital, said on Tuesday.

Japan real wages rise most in five months, positive sign for consumption

Wed, 01/09/2019 - 02:45
Japan's real wages rose the most in five months in November, reversing from a third straight month of drops, government data showed, raising hopes for stronger domestic consumer spending to offset slowing external demand.

Japan's younger Watanabes seek more diverse portfolios

Wed, 01/09/2019 - 02:40
For years, Japan's retail currency investors were known as "Mrs Watanabes", a reference to the metaphorical housewife who invests family savings mostly in foreign exchange. Now, a younger generation of women is looking at a wider asset range in which to park investments.

Exclusive: New documents link Huawei to suspected front companies in Iran, Syria

Wed, 01/09/2019 - 02:33
The U.S. case against the chief financial officer of China's Huawei Technologies, who was arrested in Canada last month, centers on the company's suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm's owner, a holding company registered in Mauritius.

German industrial output falls third month in a row in November

Tue, 01/08/2019 - 09:19
German industrial output unexpectedly fell in November for the third consecutive month, data showed on Tuesday, in a further sign that Europe's largest economy shifted into a lower gear in the final quarter of 2018.

Supreme Court backs Monsanto on GM cotton payments

Tue, 01/08/2019 - 09:18
The Supreme Court ruled on Tuesday that U.S. seed maker Monsanto can claim patents on its genetically modified (GM) cotton seeds in the world's biggest producer of the fibre.

LG Electronics sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

Tue, 01/08/2019 - 09:06
South Korea's LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations.

Ghosn's lawyer: Nissan agreed on transfer of currency contracts

Tue, 01/08/2019 - 08:56
Nissan Motor Co had agreed with former chairman Carlos Ghosn to take on his personal foreign exchange contracts, his lawyer said, disputing allegations of financial misconduct.

Global Markets: Asian shares run out of gas; investors look to Sino-U.S. trade talks, Fed policy

Tue, 01/08/2019 - 08:55
Asian shares dipped on Tuesday, running out of steam after a brief rally sparked by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further.