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Updated: 20 hours 26 min ago

Oil market to remain oversupplied despite OPEC+ pact, says IEA

Thu, 12/12/2019 - 16:01
Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the United States and other non-OPEC nations, the International Energy Agency (IEA) said on Thursday.

Nifty, Sensex end higher on government boost for shadow banks

Thu, 12/12/2019 - 15:50
Indian shares ended higher on Thursday as the government's move to ease rules for shadow banks lifted investor sentiment, with banking, metals and finance stocks leading the gains.

Euro zone industrial production falls as expected in October

Thu, 12/12/2019 - 15:31
Euro zone industrial production fell as expected in October because of a decline in the output of capital goods used for investment, estimates from the European Union's statistics office Eurostat showed on Thursday.

Global Markets: Stocks rise after Fed keeps rates on hold; oil falls

Thu, 12/12/2019 - 15:29
Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an unexpected increase in U.S. crude inventories.

EU seeks to arm itself against U.S, others in trade disputes

Thu, 12/12/2019 - 15:20
The European Union could impose tariffs on the United States and other rivals if they refuse to settle trade disputes after the crippling of the World Trade Organization (WTO).

U.S. chief executives back revised USMCA trade deal

Wed, 12/11/2019 - 23:58
The Business Roundtable, a trade group of top U.S. chief executives, announced Wednesday its members backed the revised U.S.-Mexico-Canada (USMCA) trade deal after negotiators brought the hard-won agreement across the finishing line.

FAA probing Boeing 737 production issues as Congress raises concerns

Wed, 12/11/2019 - 23:28
The Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues.

Factbox - Failure to launch: The biggest IPO pull-outs of 2019

Wed, 12/11/2019 - 22:54
Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.

China retaliatory tariffs cost billions in lost consumption: study

Wed, 12/11/2019 - 22:50
Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto sales in 2018 as the hit to local incomes undercut household spending, according to an analysis released on Wednesday by the National Bureau of Economic Research.

FAA chief says 737 MAX won't be cleared to resume flying in 2019

Wed, 12/11/2019 - 22:44
U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co's (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.

U.S. consumer inflation rises; Fed seen staying pat

Wed, 12/11/2019 - 22:40
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.

Oil drops as U.S. data shows unexpected rise in crude stocks

Wed, 12/11/2019 - 22:38
Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.

Dow falls as Boeing, Home Depot weigh; S&P 500, Nasdaq cling to gains

Wed, 12/11/2019 - 22:32
The Dow Jones index was pressured by losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq held on to gains as traders awaited the Federal Reserve's December policy statement for clues on the strength of the domestic economy.

After year of living dangerously, Fed expected to signal time to lie low

Wed, 12/11/2019 - 21:55
The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs three times in response to the global trade war.

Explainer: What the U.S. Federal Reserve will be watching in 2020

Wed, 12/11/2019 - 21:55
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its final policy meeting of the year on Wednesday.

'Vindication' - Saudi Arabia hails 10% debut jump in Aramco shares

Wed, 12/11/2019 - 21:47
Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company.

Timeline: Saudi Aramco's winding road to an IPO

Wed, 12/11/2019 - 21:47
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

India's fuel demand growth hits 23-month high in November

Wed, 12/11/2019 - 21:28
India's fuel demand grew by 10.5% in November from a year earlier, its fastest pace since January 2018, driven by higher consumption of transport fuels gasoil and gasoline, and cooking gas.

Tenfold rise in onion prices leaves Indians teary-eyed

Wed, 12/11/2019 - 21:26
As onion prices in India have soared tenfold this year, Mukesh Thoke, a restaurant owner on the outskirts of Mumbai, faces a dilemma - raise prices or take a hit on margins.

China's bitcoin miners scoop up greater production power: research

Wed, 12/11/2019 - 21:22
China's bitcoin miners now control two-thirds of the crypto network's processing power, research showed on Wednesday, a growing share that is likely to benefit the country's miners.