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Updated: 12 hours 13 min ago

Asian LNG prices slip as numerous sell tenders overshadow demand

Fri, 05/17/2019 - 10:57
Asian spot prices for liquefied natural gas (LNG) fell to a three-week low this week as cargoes were offered against little buying interest despite the approach of summer, when warmer weather typically boosts power generation demand.

Gold prices wobble as risk sentiment improves

Fri, 05/17/2019 - 10:56
Gold prices marked time on Friday, after seeing its biggest one-day percentage loss in a month on Thursday, on a firmer dollar and increased investor appetite for riskier assets due to strong U.S. data and corporate results.

Oil steady as Middle East tensions mounts, set for weekly gains

Fri, 05/17/2019 - 10:03
Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions.

Japan April exports seen down for 5th month as U.S.-China trade war deepens: Reuters poll

Fri, 05/17/2019 - 09:28
Japan's exports likely contracted for a fifth straight month in April as the U.S.-China trade war raged, adding to pressure on its struggling economy, a Reuters poll of economists showed on Friday.

Bitcoin sinks abruptly after seven weeks of recovery

Fri, 05/17/2019 - 09:27
The price of bitcoin abruptly sank more than 20% on Friday, a move that didn't appear to have a particular trigger and came after a strong recovery in the crypto-currency since early April that took it to 10-month highs.

Nifty, Sensex rise as auto, financials drive gains

Fri, 05/17/2019 - 09:23
Indian shares rose on Friday, boosted by gains in auto stocks, while robust March-quarter results of financials, including Bajaj Finance Ltd and Bajaj Finserv Ltd, also lifted investor sentiment.

Global Markets: Asia shares shudder as Beijing talks tough

Fri, 05/17/2019 - 09:13
Asian shares suffered a fresh bout of the shakes on Friday as tough words on trade from China's media drowned out upbeat news on the U.S. economy and corporate earnings.

BP faces investor push to beef up fight against climate change

Fri, 05/17/2019 - 09:08
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act.

Bank of England turns to quick-fire data to help with Brexit dilemma

Fri, 05/17/2019 - 09:07
The Bank of England, preparing for a possible no-deal Brexit, is trying to harness reams of real-time digital data on traffic jams, card payments and shipping in case it has to make a snap decision to raise or cut interest rates.

China evokes patriotism, past wars as trade conflict with U.S. heats up

Fri, 05/17/2019 - 08:44
The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party's People's Daily wrote in a front-page commentary that evoked the patriotic spirit of past wars.

Huawei's HiSilicon says it has long been preparing for U.S. ban scenario

Fri, 05/17/2019 - 08:37
Huawei Technologies' chip arm HiSilicon said on Friday it has long been prepared for the "extreme scenario" that it could be banned from purchasing U.S. chips and technology, and is able to ensure steady supply of most products.

Kuroda says BOJ may keep low rates well over year, dismisses debt monetisation

Fri, 05/17/2019 - 08:07
The Bank of Japan may maintain ultra-low rates for a further period of well over a year, governor Haruhiko Kuroda said on Friday, but warned against the idea of propping up the economy through unlimited money-printing to finance government spending.

Microsoft, Sony partner on streaming games, chips and AI

Fri, 05/17/2019 - 08:03
Microsoft Corp and Sony Corp on Thursday said they struck a strategic partnership in which Sony would use Microsoft's cloud for streaming games and media and the two would work together to develop image sensors.

Palladium boom gives South African miners only temporary reprieve

Fri, 05/17/2019 - 08:02
A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough.

U.S. 'not sincere' about wanting more trade talks with China - media

Fri, 05/17/2019 - 07:47
The United States is not sincere about wanting to resume trade talks with China and has damaged the atmosphere for negotiations with its recent moves, a state media social media account said.

Gold steadies as trade optimism dims on Huawei sanctions

Thu, 05/16/2019 - 10:49
Gold steadied on Thursday, consolidating in a tight range below the key $1,300 pivot, as Washington slapped sanctions on Chinese telecoms giant Huawei, souring optimism for a thaw in U.S-China trade tensions.

Malaysia's first-quarter growth pace surprises, but central bank warns of risks

Thu, 05/16/2019 - 09:50
Malaysia's economy grew faster than expected in the first quarter supported by a recovery in the agriculture sector, but weakening global demand and the U.S.-China trade war are seen raising risks for Southeast Asia's third-largest economy.

Oil edges up for third session on Mideast tensions

Thu, 05/16/2019 - 09:46
Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories.

Opting out: Some of China’s '996' tech tribe quit, seek less stress

Thu, 05/16/2019 - 09:45
For over six years Qi Yaqian was a proud member of China's so-called 996 tech tribe, working nights and weekends at Nuomi, a group deals website.

Lack of innovation is 'Achilles heel' for China's economy, Xi says

Thu, 05/16/2019 - 09:28
A lack of innovation is China's "Achilles heel", President Xi Jinping warned in an article given high prominence by state media on Thursday, where he also bemoaned the economy for being big yet without being strong.