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Updated: 9 hours 38 min ago

Gold heads for biggest weekly gain in 3 years on weak U.S. jobs data

Fri, 06/07/2019 - 19:47
Gold prices jumped on Friday to their highest since late February, as a sharp slowdown in U.S. jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year.

Wall Street rises on rate-cut hopes, China tariff delay

Fri, 06/07/2019 - 19:46
U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States' decision to delay tariffs on Chinese goods lifted the mood.

U.S. gives Chinese imports more time before more tariffs hit

Fri, 06/07/2019 - 19:39
U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday

Europe's 5G to cost $62 billion more if Chinese vendors banned: telcos

Fri, 06/07/2019 - 19:38
A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.

Traders pile into bets on Fed interest-rate cuts this year

Fri, 06/07/2019 - 19:37
The Federal Reserve is just about done being patient.

Oil rises as Saudi Arabia signals OPEC deal extension

Fri, 06/07/2019 - 19:32
Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers could extend their output reduction deal.

Take Five: Enter the dragon

Fri, 06/07/2019 - 19:29
There's plenty of life left in the Chinese dragon, but after roaring for three decades it's certainly lost some of its puff. Markets are primed for exports from the world's second largest economy to show weakness and for investment and lending data to show Beijing's stimulus efforts in the face of a trade war with Washington are bearing some fruit.

Barnes & Noble sells to hedge fund Elliott for $475.8 million

Fri, 06/07/2019 - 19:19
Barnes & Noble Inc said on Friday it would be bought by hedge fund Elliott Management Corp for $475.8 million, marking the end of the once-dominant U.S. book retailer as a public company after years of falling sales.

Russia's TCS co-owner to Yandex: let's integrate

Fri, 06/07/2019 - 19:17
Oleg Tinkov, the founder and key shareholder in Russia's TCS Group, said on Friday that if his bank were to merge assets with Russian Internet giant Yandex, the united company would be worth over $20 billion.

India likely to receive lower rains in June, monsoon to pick up in Aug-Sept: official

Fri, 06/07/2019 - 19:15
India is expected to receive below average monsoon in June but rains are likely to pick up in August and September as the El Nino weather pattern is likely to fade by then, a senior weather official said on Friday.

World bonds wave recession flags as future inflation evaporates

Fri, 06/07/2019 - 19:11
After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a generation.

OMV to pay Gazprom $1 billion for stake in Siberian gas field

Fri, 06/07/2019 - 18:59
OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia's Gazprom for a stake in a Siberian gas field, as part of the Austrian firm's strategy to boost its gas business.

Global regulators say tougher bank rules do not curb lending

Fri, 06/07/2019 - 18:34
Far higher bank capital requirements introduced after the financial crisis a decade ago dampened lending to small companies only briefly and therefore no rule changes are needed, the Financial Stability Board (FSB) said on Friday.

RBI relaxes stressed bank assets guidelines

Fri, 06/07/2019 - 18:24
The Reserve Bank of India diluted its earlier guidelines on stressed assets and has now mandated banks to undertake a review of a borrower account within 30 days of default, according to a fresh circular issued on Friday.

Global LNG: Asia falls to three-year low in thin volumes, August in focus

Fri, 06/07/2019 - 18:15
Asian spot prices for liquefied natural gas (LNG) fell to a three-year low in thin trading as market players focused on deals for August, when demand is expected to pick up.

Factbox: First woman to head the ECB? Not likely now, but here are some who could

Fri, 06/07/2019 - 17:55
The head of the European Central Bank, Mario Draghi, steps down at the end of October and the 19 euro zone countries are now looking for his replacement. The shortlists of likely candidates are almost exclusively male.

Focus: Beyond Meat's home in the meat aisle sparks food fight

Thu, 06/06/2019 - 19:56
In a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc bills itself the world's first plant-based burger sold in the meat case of U.S. grocery stores.

Ford to close engine plant in Wales in latest blow to UK car sector

Thu, 06/06/2019 - 19:52
Ford said it would close its plant in Bridgend, south Wales next year because of falling demand for some of its engines, putting 1,700 jobs at risk in a further blow to Britain's once booming car industry.

Exclusive: India plans to order taxi aggregators like Uber, Ola to go electric - documents

Thu, 06/06/2019 - 19:50
India plans to order taxi aggregators like Uber and Ola to convert 40% of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility.

Wall Street flat as rate cut hopes offset trade tensions

Thu, 06/06/2019 - 19:47
U.S. stocks treaded water on Thursday as hopes of a rate cut helped counter fears of a further escalation in the trade war with China following comments from President Donald Trump.