Reuters: Money News
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Updated: 1 hour 28 min ago
BENGALURU (Reuters) - Gold was little changed on Friday and poised for the biggest weekly fall in seven weeks as investors sought out higher returns than those from holding the non-interest bearing yellow metal by buying into riskier assets .
SINGAPORE (Reuters) - Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.
REUTERS - Britain's Old Mutual Plc said it would sell its 26 percent stake in Kotak Mahindra Old Mutual Life Insurance Ltd to Kotak Mahindra Bank Ltd for about 12.93 billion rupees ($201.7 million)
SINGAPORE (Reuters) - Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.
WASHINGTON (Reuters) - The U.S. Congress is set to debate legislation that would extend until May 5 the deadline for a deal on federal spending through September and head off a feared government shutdown at midnight on Friday.
WASHINGTON/NEW YORK (Reuters) - Boeing Co on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian planemaker Bombardier's new CSeries airplane, adding to growing trade tensions between the United States and Canada.
TOKYO (Reuters) - Japan's core consumer prices rose at a slower than expected pace in March and household spending fell more than expected in a worrying sign for the central bank that domestic demand won't be strong enough to generate sustained inflation.
HONG KONG/BEIJING (Reuters) - Didi Chuxing, China's top ride-hailing firm, is set to become the country's second-most valuable privately owned company, with a valuation of more than $50 billion, through a fund raising round of up to $6 billion, sources said on Thursday.
GHAZIABAD, India (Reuters) - India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.
(Reuters) - Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.
LOS ANGELES (Reuters) - Starbucks Corp's new chief executive has a tall order to fill in keeping the world's biggest coffee chain's promise to return to historic growth rates amidst stubborn U.S. restaurant and retail slumps.
(Reuters) - Microsoft Corp slightly missed Wall Street's average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market.
NEW YORK (Reuters) - The Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal and Intuit, while the S&P 500 and the Dow were little changed.
(Reuters) - Amazon.com Inc on Thursday said revenue from its cloud business, advertising and subscription services rose in the first quarter, helping it beat profit expectations and sending its shares to an all-time high in extended trading.
NEW YORK (Reuters) - MetLife Inc plans to invest $1 billion in an efficiency program through 2019 that will eventually reduce annual operating costs by around $800 million, the insurer said on Thursday.
(Reuters) - Alphabet Inc Chief Executive Larry Page said on Thursday that the holding corporate structure for search unit Google and a host of new businesses has succeeded in creating more transparency for investors.
WASHINGTON (Reuters) - Manufacturers and Wall Street have led the quest for business access to President Donald Trump in his first 100 days in office, with media companies and Silicon Valley seldom entering the presidential bubble, a Reuters review found.
LONDON (Reuters) - A sharp dip in bad loans shows that Standard Chartered is turning a corner, its Chief Financial Officer told Reuters a day after reporting the bank's first quarter profit had doubled.
ISLAMABAD (Reuters) - Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview.
PARIS/VIENNA (Reuters) - A heated row broke out between Austria and Europe's largest aerospace company on Thursday as Airbus Chief Executive Tom Enders accused Vienna of playing politics with a fraud investigation and the government told him to calm down.