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Updated: 17 hours 21 min ago

Nifty, Sensex end up nearly 1%; state-run banks gain

Fri, 12/27/2019 - 17:44
Indian shares snapped a three-day losing streak to close around 1% higher on Friday as state-run banks surged, while strength in Asian markets on hopes that Washington and Beijing will soon sign the Phase 1 trade deal also boosted sentiment.

BOJ policymaker shunned IMF proposal to set price target in range

Fri, 12/27/2019 - 06:25
A Bank of Japan policymaker played down the chance of meeting a proposal by the International Monetary Fund to tweak the central bank's 2% inflation target into a looser goal set in a range, a summary of opinions at the BOJ's December rate review showed.

Japan's factory output, retail sales fall as demand stays depressed

Fri, 12/27/2019 - 06:21
Japan's industrial output slipped for the second straight month in November, raising the likelihood the economy will fall into contraction in the fourth quarter due to slowing demand abroad and at home.

Britain set to match pre-crisis level of wages in early 2020 - report

Fri, 12/27/2019 - 05:39
British real wages are expected to climb early in 2020 to levels not seen since before the financial crisis over a decade ago, a think-tank forecast on Friday.

Japan jobless rate falls in November to 2.2%

Fri, 12/27/2019 - 05:17
Japan's jobless rate fell and the availability of jobs held steady in November, government data showed on Friday.

Stocks rally to record highs; gold gains

Fri, 12/27/2019 - 05:15
A gauge of global equity markets and Wall Street's three major indices finished at all-time highs on Thursday in light holiday trade as a year-end rally advanced further on optimism over a U.S.-China trade agreement.

Japan Display discussing factory sale to Apple, Sharp - Nikkei

Fri, 12/27/2019 - 05:08
Japan Display Inc is discussing the sale of its key smartphone screen factory to Apple Inc and Sharp Corp for 70 billion to 80 billion yen ($730 million-$820 million), the Nikkei business daily reported on Friday.

Peru watchdog says McDonald's franchisee Arcos Dorados violated safety laws

Fri, 12/27/2019 - 05:06
Peru´s labour watchdog has found McDonald's Corp´s Latin America franchisee Arcos Dorados guilty of six "very serious" violations of local safety and health laws following the deaths of two employees in a restaurant kitchen.

Nasdaq tops 9,000 on boosts from Amazon, trade optimism

Fri, 12/27/2019 - 04:52
The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of after a report signalled robust online holiday sales.

Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory

Fri, 12/27/2019 - 04:32
Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday.

New Zealand's Metlifecare agrees to $994 million buyout, says market regulator

Fri, 12/27/2019 - 04:05
Metlifecare Ltd has agreed to be acquired in a deal that values the retirement village operator at NZ$1.49 billion ($994.28 million), New Zealand stock exchange's regulator said on Friday.

Boeing 737 MAX crisis adviser Michael Luttig to retire

Fri, 12/27/2019 - 03:25
Boeing Co said on Thursday Michael Luttig, who was appointed senior adviser to the planemaker's board amid the 737 MAX crisis in May, will retire at the end of the year.

Record online sales give U.S. holiday shopping season a boost - report

Fri, 12/27/2019 - 01:22
U.S. shoppers spent more online during this year's holiday shopping season, a report by Mastercard Inc showed on Wednesday, with e-commerce sales hitting a record high.

Peru delays goal to cut fiscal deficit by three years

Fri, 12/27/2019 - 00:53
Peru has extended the deadline for reducing its fiscal deficit by three years, to 2024, to focus on kickstarting its stalled economy, the government announced in an emergency decree on Thursday.

Rain keeps UK Boxing Day shoppers at home

Fri, 12/27/2019 - 00:46
UK shoppers sheltered at home on Thursday, with the numbers hitting post-Christmas sales set to drop significantly for a fourth year in a row, initial data showed.

Equinor reports commercial viability of pre-salt Carcará discovery in Brazil

Thu, 12/26/2019 - 23:37
Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Thursday.

Tiffany sees rise in holiday sales on higher China spending

Thu, 12/26/2019 - 23:23
Tiffany & Co, which is being bought by Louis Vuitton owner LVMH, on Thursday estimated sales growth of 1% to 3% during the holidays, with the biggest contribution coming from China and a recovery in the Americas.

Holiday season package returns to hit a record high, says UPS

Thu, 12/26/2019 - 23:04
United Parcel Service Inc expects returned packages to hit a record high following this year's holiday shipping season, as consumers shopped more online, the package delivery company said on Thursday.

Oil at highest since September on trade hopes, U.S. crude supplies

Thu, 12/26/2019 - 23:00
Oil prices were at the highest in more than three months on Thursday, buoyed by hopes of an end to the China-U.S. trade fight and by a report showing lower U.S. crude inventories.

Gold rises to near two-month high on thin holiday trade

Thu, 12/26/2019 - 22:04
Gold prices rose to a near-two month high on Thursday, holding firm above the key $1,500 level, as investors braced for a robust equity rally to run out of steam, while volumes remained low on holiday trade.