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Updated: 18 hours 28 sec ago

Oil nears 3-month high as trade hopes, UK election boost sentiment

Sat, 12/14/2019 - 01:45
Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.

Wall Street steadies as U.S., China announce trade deal

Sat, 12/14/2019 - 01:13
The S&P 500 and the Dow industrials were little changed on Friday after hitting record highs earlier in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.

SoftBank’s China strategy wobbles as key bets disappoint

Sat, 12/14/2019 - 01:03
For SoftBank Group Inc , financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.

Lacklustre U.S. retail sales cast shadow on Q4 economic growth

Fri, 12/13/2019 - 23:39
U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labour market, raising fears the economy was slowing a bit faster than anticipated in the fourth quarter.

Dollar down on trade war reprieve; pound soars on win by UK PM Johnson

Fri, 12/13/2019 - 22:45
The dollar slipped against a basket of currencies on Friday as the announcement of an initial China-U.S. trade deal and an election victory for Britain's Brexit-backing Conservative Party appeared to clear the fog on the global investment horizon, sapping safe-haven demand for the greenback.

U.S. sets China trade deal terms, sources say, but Beijing mum

Fri, 12/13/2019 - 20:13
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.

Gold remains below one-month peak as shares soar on trade relief

Fri, 12/13/2019 - 20:12
Gold eased below last session's one-month high on Friday after reports the United States and China were close to signing a trade deal and Brexit optimism after Britain's election result fuelled a rally in stock markets.

Trump: Wall Street Journal story on China trade deal "completely wrong"

Fri, 12/13/2019 - 19:45
President Donald Trump on Friday said a Wall Street Journal story on a U.S. trade deal with China is completely wrong.

U.S. chipmaker Nvidia offers no concessions to EU to ease through $6.8 billion Mellanox deal

Fri, 12/13/2019 - 19:28
U.S. chipmaker Nvidia has not offered any concessions to EU antitrust regulators examining its $6.8 billion bid for Mellanox Technologies, the European Commission website showed on Friday.

Indian gold sold at discount as wedding demand disappoints

Fri, 12/13/2019 - 18:55
Gold dealers in India offered a discount this week due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities.

Global Markets: Shares and sterling leap on trade and Brexit boosts

Fri, 12/13/2019 - 18:35
Stock markets and sterling gained on Friday as U.S.-China trade hopes and an election win for Britain's Brexit-backing Conservative Party cleared two of the clouds on the global investment horizon.

India's November trade deficit narrows to $12.12 billion

Fri, 12/13/2019 - 18:04
India's trade deficit narrowed to $12.12 billion in November from $17.58 billion a year ago, the trade ministry said on Friday.

Delivery Hero leaps on $4 billion food app deal to buy South Korea's Woowa

Fri, 12/13/2019 - 17:38
Germany's Delivery Hero agreed a $4 billion deal to buy South Korea's top food delivery app owner Woowa Brothers, ratcheting up consolidation in the industry as it expands in Asia's fast-growing but crowded market.

Altice to sell stake in Portuguese fibre network for $2.5 billion to cut debt

Fri, 12/13/2019 - 16:51
Telecoms and cable group Altice Europe said on Friday it would sell a 50% stake in its Portuguese fibre network to Morgan Stanley Infrastructure Partners for 2.3 billion euros ($2.5 billion) to help pay down its debt.

Kenya's competition regulator approves Airtel Kenya, Telkom Kenya merger

Fri, 12/13/2019 - 16:40
Kenya's competition authority has approved the planned merger between Airtel Kenya and Telkom Kenya, the regulator said on Friday, in a deal that could challenge market leader Safaricom's dominance of the East African country's telecoms industry.

Banks to push for new EU access plan after UK election

Fri, 12/13/2019 - 16:36
Banks in Britain are drawing up fresh proposals for how they could access customers in the European Union after Brexit in a bid to influence UK-EU trade talks next year following the Conservative Party's resounding election victory.

Factbox: What next for finance in Britain after the election?

Fri, 12/13/2019 - 16:35
Prime Minister Boris Johnson has said that on Jan. 31 Britain will leave the European Union, the biggest export customer for its financial services sector.

BOJ seen holding fire as trade war fears ease, may warn of soft output

Fri, 12/13/2019 - 16:30
The Bank of Japan is set to keep monetary policy steady next week, as receding fears of a disorderly Brexit and signs of progress in U.S.-China trade talks take some pressure off the central bank to use its dwindling ammunition to underpin growth.

Nifty, Sensex gain 1%, post best week in six on rising risk sentiment

Fri, 12/13/2019 - 15:52
Indian shares ended about 1% higher on Friday, as prospects of a trade deal between the United States and China and hopes of a swift Brexit after thumping election win by Britain's Conservative Party spurred risk appetite.

Japan's Hoya to launch $1.4 billion counter-bid for Toshiba unit NuFlare

Fri, 12/13/2019 - 15:24
Japan's Hoya Corp said on Friday it would make a $1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out.