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Updated: 20 hours 26 min ago

Dollar treads water as traders stare at event risk

Wed, 12/11/2019 - 21:07
The U.S. dollar treaded water against a basket of major currencies on Wednesday, as FX markets braced for a host of events, including central bank meetings in the United States and Europe, the UK general election and a key deadline for U.S.-China trade talks.

Gold firms as tariff deadline looms, eyes Fed outlook

Wed, 12/11/2019 - 21:01
Gold rose on Wednesday as a deadline for an additional round of U.S. tariffs on Chinese imports loomed with no phase-one deal in sight, while palladium again soared to a record on supply woes.

OPEC sees small 2020 oil deficit even before latest supply cut

Wed, 12/11/2019 - 20:42
OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact with other producers takes effect, suggesting a tighter market than previously thought.

Home Depot forecasts 2020 sales growth below expectations

Wed, 12/11/2019 - 19:17
Home Depot Inc on Wednesday forecast tepid sales growth for next year, pointing to more weakness at the No.1 U.S. home improvement chain, just weeks after it cut its outlook for the 2019 fiscal year due to disappointment over an online overhaul.

India eases lending rules for weak shadow banks

Wed, 12/11/2019 - 18:57
India's cabinet has approved easier lending rules for shadow banks, the government said on Wednesday, to help them get more access to funds.

Oil prices drop as trade war concerns haunt market

Tue, 12/10/2019 - 16:33
Oil prices slipped for a second straight session on Tuesday as a slowing global demand outlook outweighed OPEC's deal with associated producers last week to deepen output cuts in 2020.

German investor morale surges on signs of resilient exports

Tue, 12/10/2019 - 16:19
The mood among German investors improved far more than forecast in December, a survey showed on Tuesday, with an unexpected rise in October exports boosting hopes for an upturn in Europe's biggest economy.

WTO ban on tariffs for digital trade extended until June 2020

Tue, 12/10/2019 - 16:15
World Trade Organization (WTO) members agreed on Tuesday to renew a 20-year moratorium on placing tariffs on digital trade for six months, allaying fears that people would have to pay duties on e-books and software for the first time.

Nifty, Sensex end lower on profit taking; IT, state-owned banks top drags

Tue, 12/10/2019 - 15:48
Indian shares ended lower on Tuesday, weighed down by information technology and state-owned bank stocks, as investors took profits in overbought shares toward the year end.

Indonesia e-commerce executives say new rules may choke booming online growth

Tue, 12/10/2019 - 15:47
Indonesian e-commerce industry executives have criticised new regulations requiring online vendors to obtain government permits, saying the mandatory procedures would sharply increase costs and stifle the country's booming e-commerce market.

Amazon secures top Champions League rights for Germany

Tue, 12/10/2019 - 15:27 has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company said on Tuesday.

South Africa's power crisis shuts down mines across country

Tue, 12/10/2019 - 15:26
Power blackouts in South Africa caused by flash flooding have shut down mining operations across the country, several mining companies said on Tuesday.

Malaysia's mega 1MDB scandal that has scalded Goldman Sachs

Tue, 12/10/2019 - 15:13
Malaysian Prime Minister Mahathir Mohamad has vowed to bring back billions of dollars allegedly stolen from state fund 1Malaysia Development Bhd (1MDB), co-founded by his predecessor Najib Razak.

Japan's markets watchdog recommends $22 million fine for Nissan over Ghosn pay

Tue, 12/10/2019 - 15:11
Japan's markets watchdog said on Tuesday it has recommended that Nissan Motor Co Ltd be fined about 2.4 billion yen ($22 million) over the underreporting of former chairman Carlos Ghosn's compensation.

Malaysia considering selling stakes in Petronas to provinces: Mahathir

Tue, 12/10/2019 - 15:05
Malaysia is considering selling stakes in energy giant Petronas to provinces where the company's oil and gas fields are, Prime Minister Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government.

Austrian sensor specialist AMS acquires 59% of Osram shares

Tue, 12/10/2019 - 15:04
Austrian sensor specialist AMS said on Tuesday that the acceptance rate in its 4.6 billion euro ($5.1 billion) takeover offer for German lighting group Osram was 59.3%, a little more than the required 55% threshold.

Japan's 7-Eleven admits it underpaid staff for years

Tue, 12/10/2019 - 15:04
Japan's 7-Eleven convenience store chain, already under nationwide scrutiny over labour issues, admitted on Tuesday that the company had been underpaying workers for years due to miscalculations.

UK economy flat-lines, hit by Brexit and global slowdown, as election nears

Tue, 12/10/2019 - 15:02
Britain's economy grew at its slowest annual pace in nearly seven years in October, offering a weak backdrop to Thursday's national election in which both leading parties are promising to boost growth.

Ted Baker CEO, chairman step down; outlook cut, dividend suspended

Tue, 12/10/2019 - 15:01
Ted Baker Plc said on Tuesday its chief executive officer and chairman have stepped down, and the British fashion retailer also cut its full-year outlook again and suspended its dividend.

France fines Morgan Stanley $22 million for manipulating sovereign bonds

Tue, 12/10/2019 - 15:01
France's markets watchdog AMF said on Tuesday it has fined U.S bank Morgan Stanley 20 million euros ($22 million) for manipulation of sovereign bonds.