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Updated: 29 min 58 sec ago

Modi faces calls for resignation over Rafale jet deal

1 hour 5 min ago
Indian Prime Minister Narendra Modi faced calls for his resignation over allegations of corruption in a military jet deal with France after former French president Francois Hollande was quoted as saying New Delhi had influenced the choice of a local partner.
Categories: India News

No-deal Brexit would have limited impact on German labour market: Der Spiegel

1 hour 15 min ago
Chancellor Angela Merkel's government expects the impact of a no-deal Brexit on the German labour market to be "relatively small", magazine Der Spiegel said.
Categories: India News

Corrected: India's IL&FS unable to meet interest payment obligations

1 hour 46 min ago
(Corrects company name to IL&FS Financial Services in paragraph 4, not IL&FS)
Categories: India News

Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

2 hours 46 min ago
The United States is getting "very, very close" to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.
Categories: India News

Receding trade fears propel world shares to six-month peak

2 hours 57 min ago
The U.S. dollar rebounded and world shares hit a six-month high on Friday after China's moves to boost domestic consumption bolstered a rally driven by investor bets that the latest U.S.-China trade dispute was unlikely to dent global growth.
Categories: India News

Dow hits new closing high ahead of index reshuffle

2 hours 59 min ago
Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.
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As new iPhones go on sale, studies reveal chips from Intel and Toshiba

3 hours 4 min ago
Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models.
Categories: India News

Wall Street Weekahead: Volume spikes on sector reshuffle, quadruple witching

3 hours 8 min ago
An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
Categories: India News

Lehman Brothers workers share memories 10 years after the fall

3 hours 21 min ago
Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.
Categories: India News

Mexico will seek deal with Canada if NAFTA talks fail: Lopez Obrador

Fri, 09/21/2018 - 11:31pm
Mexico's incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday.
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China cancels trade talks with U.S. as tariff threats escalate: WSJ

Fri, 09/21/2018 - 11:14pm
China has cancelled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
Categories: India News

S&P 500, Dow hit new highs ahead of index reshuffle

Fri, 09/21/2018 - 2:34pm
The S&P 500 and Dow reached record highs on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.
Categories: India News

British inquiry intensifies Danske Bank money laundering scandal

Fri, 09/21/2018 - 2:23pm
Danske Bank's money laundering scandal spread on Friday to Britain where the National Crime Agency (NCA) said it is investigating the use of UK-registered companies.
Categories: India News

S&P, Dow hold on to record highs, Nasdaq dips

Fri, 09/21/2018 - 2:15pm
The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street's sector reshuffling and "quadruple witching" expirations.
Categories: India News

Exclusive: OPEC and allies consider oil output boost as Iranian supply falls - source

Fri, 09/21/2018 - 2:14pm
OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions, a source familiar with the discussions told Reuters.
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Gold falls over one percent as dollar firms

Fri, 09/21/2018 - 2:09pm
Gold prices fell more than 1 percent on Friday as the dollar firmed against the British sterling and the euro after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal.
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White House optimistic on China trade; no date for more talks

Fri, 09/21/2018 - 2:07pm
The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday.
Categories: India News

Crisis demands revamped South Africa defence sector: Paramount chairman

Fri, 09/21/2018 - 2:01pm
Effective collaboration between companies across South Africa's defence industry and lucrative export markets from Central Asia to Saudi Arabia offer a way out of a crisis in the sector - once a pillar of Africa's most advanced economy - a top industry figure said.
Categories: India News

Exclusive: AB InBev faces EU antitrust fine in Belgian beer case - sources

Fri, 09/21/2018 - 1:44pm
Anheuser-Busch InBev faces an EU antitrust fine for preventing cheaper beer imports into Belgium despite its efforts to settle the investigation, people familiar with the matter said.
Categories: India News

Comcast and Fox take $34 billion battle for Britain's Sky to the wire

Fri, 09/21/2018 - 1:41pm
Comcast and Twenty-First Century Fox face a quick-fire auction for British broadcaster Sky on Saturday after neither side backed down in a drawn-out $34 billion battle.
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