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Updated: 18 hours 2 min ago

Gold steadies; palladium retreats after surge towards $2,000/oz

Tue, 12/17/2019 - 22:26
Gold steadied on Tuesday as robust U.S. manufacturing data lifted risk appetite and countered support from lingering doubts on U.S.-China trade, while scarce palladium retreated after its record run towards the $2,000 an ounce level.

Exclusive: Daimler seeks majority control of its main China joint venture - sources

Tue, 12/17/2019 - 22:24
Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker.

India aims to buy stakes in producing oil and gas fields abroad

Tue, 12/17/2019 - 22:22
India aims to invest in producing oil and gas fields abroad to compensate for falling domestic output and to help reduce the impact of oil price volatility, the oil minister said on Tuesday.

Britain threatens Brexit cliff-edge to force EU trade deal by December 2020

Tue, 12/17/2019 - 22:20
Britain set a hard deadline of December 2020 on Tuesday to reach a new trade deal with the European Union, betting that the prospect of another Brexit cliff-edge would force Brussels to move more quickly than usual to seal an accord.

Oil rises further above $65 on trade hopes, supply cuts

Tue, 12/17/2019 - 22:14
Oil prices rose 1% on Tuesday, supported by hopes the U.S.-China trade deal will bolster oil demand in 2020 after a prolonged dispute between the world's two largest economies dented global market sentiment.

Global Markets: Sterling falls on new Brexit fears, stocks edge higher

Tue, 12/17/2019 - 22:03
The dollar rose on Tuesday amid concerns about Britain's setting a hard deadline to reach a new trade deal with the European Union, while global equity markets gained, lifted by a resurgent U.S. housing market that bodes well for the economy.

U.S. housing market regaining steam; manufacturing stabilizing

Tue, 12/17/2019 - 22:00
U.S. homebuilding increased more than expected in November and permits for future home construction surged to a 12-1/2-year high as lower mortgage rates continue to boost the housing market and support the broader economy.

Giant solar park in the desert jump starts Egypt's renewables push

Tue, 12/17/2019 - 21:58
Near the southern Egyptian city of Aswan, a swathe of photovoltaic solar panels spreads over an area of desert so large it is clearly visible from space.

U.S. spending bill holds win for wind energy, setback for solar

Tue, 12/17/2019 - 21:54
U.S. clean energy producers would get only some of what they hoped for under a massive U.S. spending bill unveiled late Monday, with wind developers getting more time to land a big subsidy and solar developers losing their bid to extend a key investment credit.

TRAI defers abolition of telecom interconnection fees by a year

Tue, 12/17/2019 - 21:50
The Telecom Regulatory Authority of India (TRAI) on Tuesday deferred by a year a plan to abolish interconnection usage fees that operators pay each other for calls made from one network to another, a move that will help Bharti Airtel and Vodafone Idea .

Chocolate makers hobble Ivory Coast, Ghana cocoa premium with discounts

Tue, 12/17/2019 - 21:43
Ivory Coast and Ghana's move to combat farmer poverty with a living income premium for their cocoa sales is being undermined by chocolate makers scaling down purchases and negotiating discounts on other parts of the price, sources said.

NMDC gets 20-year extension for four iron ore mines

Tue, 12/17/2019 - 21:11
India's largest state-owned iron ore miner NMDC Ltd said on Tuesday it had received a 20-year extension for four mines in its biggest mining project in the central state of Chhattisgarh.

Kudlow: U.S.-China deal 'absolutely' done, U.S. exports to China will double

Tue, 12/17/2019 - 01:19
The so-called Phase One trade deal between Washington and Beijing has been "absolutely completed," a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement.

Boeing suppliers bracing for production freeze of grounded 737 MAX

Tue, 12/17/2019 - 01:11
Boeing Co suppliers, customers and financiers braced on Monday for a possible freeze in Boeing 737 production for the first time in more than 20 years as the grounding of the best-selling MAX looks set to last well into 2020.

Mexico seeks to counter criticism over U.S. labour provision in trade deal

Tue, 12/17/2019 - 00:46
The U.S. and Mexican governments on Monday sought to defuse a growing controversy over a U.S. plan to monitor Mexican labour standards under a new regional trade deal, with Mexico insisting it would have the final say over any U.S. officials appointed for that purpose.

Exclusive: Prosieben's NuCom eyes acquisition of Meet Group - sources

Mon, 12/16/2019 - 23:38
German broadcaster ProSiebenSat.1 Media SE's e-commerce arm NuCom Group is exploring the acquisition of U.S. livestreaming app developer Meet Group Inc , people familiar with the matter said on Monday.

Cineworld tops North American box office with Cineplex deal

Mon, 12/16/2019 - 23:36
Cineworld will buy Canada's Cineplex for $1.65 billion in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services.

Factbox: What is actually in the U.S.-China 'Phase One' trade deal?

Mon, 12/16/2019 - 23:14
The United States and China have agreed on the terms of a "Phase One" trade deal that reduces some U.S. tariffs on Chinese goods and is said to boost Chinese purchases of American farm, energy and manufactured goods while addressing some disputes over intellectual property.

UK's Johnson, Trump look forward to ambitious trade agreement: Downing Street

Mon, 12/16/2019 - 23:09
British Prime Minister Boris Johnson and U.S. President Donald Trump said they looked forward to continued close cooperation and the negotiation of an "ambitious free trade agreement" during a phone call on Monday, Johnson's Downing Street office said.

Strains in German coalition as SPD eyes 5G rules that could exclude Huawei

Mon, 12/16/2019 - 22:46
Germany's Social Democrats (SPD) will decide on Tuesday whether to adopt a proposal that could bar China's Huawei from taking part in the rollout of 5G services, which could further strain its alliance with conservative Chancellor Angela Merkel.