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Reuters: Money News

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Updated: 29 min 56 sec ago

Sensex little changed; oil refiners down

59 min 54 sec ago
REUTERS - Indian shares were nearly unchanged on Tuesday as gains in IT stocks were offset by losses in oil refiners such as Hindustan Petroleum Corp Ltd, with sentiment dampened after data showed the country's trade deficit widened in December.
Categories: India News

Exclusive - U.S. lawmakers urge AT&T to cut commercial ties with Huawei: sources

1 hour 16 min ago
WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc , the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies Co Ltd [HWT.UL] and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, said two congressional aides.
Categories: India News

Bonds fall after RBI deputy says banks face high interest rate risk

1 hour 22 min ago
MUMBAI (Reuters) - Bond yields spiked on Tuesday morning after a deputy governor of the Reserve Bank of India (RBI) said public sector lenders face risks of high interest rate from their large bond holdings.
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Oil prices near three-year highs, supported by healthy demand

Mon, 01/15/2018 - 11:58pm
SINGAPORE (Reuters) - Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014's dramatic oil market slump.
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Asian shares shrug off losses, euro near three-year top

Mon, 01/15/2018 - 11:55pm
TOKYO (Reuters) - Asian shares pushed higher on Tuesday, erasing early modest losses while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
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China consumer group seeks answers from Apple about slowing iPhones

Mon, 01/15/2018 - 11:23pm
SHANGHAI (Reuters) - A Chinese consumer group has asked Apple for information about the slowing of older iPhones after operating system updates, demanding a reply before Friday, state news agency Xinhua reported.
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Bidder for the Weinstein Company says bankruptcy may be best option

Mon, 01/15/2018 - 10:33pm
(Reuters) - Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the U.S. film and TV studio.
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HNA's problems mount as airlines delay payments, bank sets up team to handle debt - sources

Mon, 01/15/2018 - 10:31pm
SHANGHAI/SINGAPORE (Reuters) - Some airlines affiliated with China's HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financer of the group, has formed a team to handle the conglomerate's liquidity issues, several banking and leasing sources said.
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Euro zone widens trade surplus despite strong euro

Mon, 01/15/2018 - 10:03pm
BRUSSELS (Reuters) - The trade surplus in the 19 countries sharing the euro expanded in November to its highest point in eight months, as a rise in exports of goods outpaced increasing imports, despite a stronger euro, official estimates released on Monday showed.
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Airbus wins 2017 order race after last-gasp sales spree

Mon, 01/15/2018 - 9:57pm
PARIS (Reuters) - Frantic dealmaking in the closing weeks of 2017 saw Airbus overtake Boeing Co's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380.
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Asian shares slip as iron ore softens, euro near three-year top

Mon, 01/15/2018 - 9:54pm
TOKYO (Reuters) - Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
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Global carmakers to invest at least $90 billion in electric vehicles

Mon, 01/15/2018 - 9:46pm
DETROIT (Reuters) - Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.
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America Last? EU says Trump is losing on trade

Mon, 01/15/2018 - 11:23am
BRUSSELS (Reuters) - The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the U.S. president will be.
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Britain's Carillion collapses after banks pull the plug

Mon, 01/15/2018 - 11:01am
LONDON (Reuters) - Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to road works.
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UK parliamentary committee launches inquiry after Carillion collapse

Mon, 01/15/2018 - 10:28am
LONDON (Reuters) - A British parliamentary committee said on Monday it would hold an inquiry into government sourcing practices following the collapse of contractor Carillion.
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Gold hits 4-month high as dollar index falls to 3-year low

Mon, 01/15/2018 - 9:52am
LONDON (Reuters) - Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts said the greenback's slide could be short-lived as it was not driven by fundamentals.
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India's trade deficit widens to over three-year high in December

Mon, 01/15/2018 - 9:12am
NEW DELHI (Reuters) - India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.
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Israel's Netanyahu pushes for India free trade deal during rare visit

Mon, 01/15/2018 - 9:09am
NEW DELHI (Reuters) - India and Israel will begin work on a free trade pact that Israel has been pushing for, officials said on Monday, as Benjamin Netanyahu began a first visit by an Israeli prime minister in 15 years.
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India's trade deficit widens to $14.88 billion in December

Mon, 01/15/2018 - 8:09am
NEW DELHI (Reuters) - India's trade deficit widened to $14.88 billion from $13.83 billion in the previous month, government data showed on Monday.
Categories: India News

Air India to be split into 4 entities ahead of sale - Bloomberg

Mon, 01/15/2018 - 6:47am
(Reuters) - India will split state-run carrier Air India into four separate companies and offer at least 51 percent in each of them as part of a divestment plan proposed by the government, Bloomberg reported on Monday.
Categories: India News