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Updated: 20 hours 1 min ago

Wall St. starts 2020 with new records on China stimulus, trade hopes

Fri, 01/03/2020 - 04:50
Wall Street's major indexes notched record highs to open the new year on Thursday, as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook.

HSBC kicks off year with Hong Kong branches closed, vandalised

Fri, 01/03/2020 - 03:07
HSBC is being drawn into Hong Kong's political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-centre headquarters.

Oil edges up on Mideast tensions, trade optimism

Fri, 01/03/2020 - 02:07
Oil inched up on Thursday on rising tensions in the Middle East and signs of improving Washington-Beijing trade relations, but a strong U.S. dollar limited price gains.

Lebanon receives Interpol arrest warrant for ex-Nissan boss Ghosn

Fri, 01/03/2020 - 02:02
Lebanon received an Interpol arrest warrant on Thursday for former Nissan chairman Carlos Ghosn, while Turkey launched an investigation into his daring escape from Japan via Istanbul.

Turkey detains pilots over Ghosn's escape through Istanbul

Fri, 01/03/2020 - 02:02
Turkish police detained seven people, including four pilots, on Thursday in an investigation into how ousted Nissan boss Carlos Ghosn transited through Istanbul en route to Lebanon after fleeing Japan, a police spokeswoman told Reuters.

Uber Eats goes local to find its niche in South African food fight

Fri, 01/03/2020 - 01:41
A stone's throw from Nelson Mandela's former home in South Africa's Soweto township, Dumile Badela's restaurant is now more hectic and lucrative than ever, thanks to Uber Eats, his hungriest customer yet.

From arrest to flight - key dates in the Ghosn affair

Fri, 01/03/2020 - 00:23
Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning that his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn said on Thursday.

Tesla says will start delivering China-made Model 3s to public on Jan. 7

Thu, 01/02/2020 - 22:45
Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday.

Gold rises back towards three-month high, markets eye Fed minutes

Thu, 01/02/2020 - 22:09
Gold firmed on Thursday, edging back towards the three-month peak it reached earlier in the week on the back of dollar weakness, with the market focusing on minutes of the U.S. Federal Reserve's December policy meeting.

UAE fund allocates $200 million to support economic projects in Pakistan - WAM

Thu, 01/02/2020 - 21:33
The de facto United Arab Emirates ruler, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, instructed the Khalifa Fund for Enterprise Development to allocate $200 million to support small and medium economic projects in Pakistan, state news agency reported on Thursday.

U.S. jobless claims edge lower but trend points to uptick in filings

Thu, 01/02/2020 - 19:37
The number of Americans filing claims for jobless benefits edged lower last week, a positive signal for the U.S. labour market amid recent signs that new claims may be trending slightly higher.

Indian rice export rates firm in muted holiday trade

Thu, 01/02/2020 - 18:13
Indian rice export prices edged higher this week, buoyed by a stronger rupee and higher local paddy prices, while trade remained thin in rival hubs because of the holiday season.

UK companies turn a little less gloomy over Brexit impact - BoE survey

Thu, 01/02/2020 - 18:09
British businesses turned less gloomy last month about Brexit's eventual impact even though they expected the uncertainty to persist for longer, according to a survey conducted either side of Prime Minister Boris Johnson's election win.

German employment hits record high in 2019, but momentum fades

Thu, 01/02/2020 - 18:06
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said on Thursday.

Dollar bounces after end-2019 selloff, yuan shrugs off policy easing

Thu, 01/02/2020 - 16:45
The dollar snapped a six-day losing streak to add 0.25% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off reserve ratio cuts that could add $115 billion worth of liquidity.

Nifty, Sensex surge as trade deal hopes lift investor sentiment

Thu, 01/02/2020 - 16:00
Indian stocks ended higher on Thursday, led by a surge in metals and infrastructure stocks, as hopes that the U.S. and China will sign a trade deal soon bolstered risk appetite.

Xiaomi to invest $7 billion in 5G, AI and IoT over next 5 years

Thu, 01/02/2020 - 15:51
Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation internet technologies over the next five years, as competition in the sector grows.

Singapore posts decade-low growth as trade war bruises output

Thu, 01/02/2020 - 08:11
Singapore's economy expanded at its slowest pace in a decade last year as its manufacturing sector contracted, preliminary data showed on Thursday, though fourth quarter data firmed expectations for a modest recovery in 2020.

Singapore posts decade-low growth as trade war bruises output

Thu, 01/02/2020 - 08:09
Singapore's economy expanded at its slowest pace in a decade last year as its manufacturing sector contracted, preliminary data showed on Thursday, though fourth quarter data firmed expectations for a modest recovery in 2020.

Ghosn met Lebanese president after fleeing Japan - sources

Thu, 01/02/2020 - 07:59
Fugitive former Nissan chairman Carlos Ghosn met Lebanon's president after fleeing from Japan, where he was smuggled out of house arrest by a private security company, two sources close to Ghosn said on Wednesday.

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