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Updated: 5 min 37 sec ago

EU debates how and when to start trade talks with Trump

Thu, 02/21/2019 - 11:36pm
European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.
Categories: India News

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

Thu, 02/21/2019 - 11:32pm
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
Categories: India News

Chinese search giant Baidu beats on ad sales but streaming costs surge

Thu, 02/21/2019 - 11:29pm
Chinese search engine operator Baidu Inc beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi.
Categories: India News

Global Markets: Asia shares fall as weakening global outlook offsets trade progress

Thu, 02/21/2019 - 11:05pm
Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.
Categories: India News

Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands

Thu, 02/21/2019 - 11:03pm
Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry.
Categories: India News

Oil prices fall as U.S. crude output hits record 12 million bpd

Thu, 02/21/2019 - 11:02pm
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.
Categories: India News

Gold prices edge up on trade talk hopes, but Fed stance caps gains

Thu, 02/21/2019 - 8:27pm
Gold inched up on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs the U.S. Federal Reserve could raise interest rates again this year kept prices below 10-month highs hit this week.
Categories: India News

No-deal Brexit would take a chip off UK home values: Reuters poll

Thu, 02/21/2019 - 8:17pm
Britain's overvalued housing market will undergo a modest correction if the country leaves the European Union at the end of next month without a deal, a Reuters poll found, with London being affected to a greater degree.
Categories: India News

Singapore lender OCBC's fourth quarter profit falls 10 percent, cautions on economic growth

Thu, 02/21/2019 - 8:12pm
Oversea-Chinese Banking Corp Ltd warned of slower economic growth after Singapore's second-biggest listed lender missed market estimates with a 10 percent drop in quarterly profit, due to a weak performance in its insurance business.
Categories: India News

Global Markets: Asian shares tread water as investors watch trade talks

Thu, 02/21/2019 - 7:51pm
Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.
Categories: India News

Japan's consumer inflation ticks up but still distant from BOJ's goal

Thu, 02/21/2019 - 7:44pm
Japan's annual core consumer inflation accelerated slightly in January but remained distant from the central bank's 2 percent target, reinforcing market expectations the country is nowhere near an exit from ultra-loose monetary policy.
Categories: India News

Oil prices dip as U.S. crude output hits record 12 million barrels per day

Thu, 02/21/2019 - 7:30pm
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.
Categories: India News

U.S., China haggle over toughest issues in trade war talks

Thu, 02/21/2019 - 7:26pm
Top U.S. and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending their trade war, just one week before a Washington-imposed deadline for a deal expires and triggers higher U.S. tariffs.
Categories: India News

Singapore lender OCBC's fourth quarter net profit falls 10 percent, misses estimates

Thu, 02/21/2019 - 7:23pm
Singapore's Oversea-Chinese Banking Corp Ltd missed market estimates by reporting a 10 percent drop in quarterly profit on Friday, hit by a subdued performance in its insurance business.
Categories: India News

Japan's Aso: Trump has never mentioned FX when talking about Japan trade

Thu, 02/21/2019 - 7:18pm
Japanese Finance Minister Taro Aso said on Friday that U.S. President Donald Trump has never mentioned currencies when discussing trade with Japan.
Categories: India News

Bank of Ireland launches 2 billion euro Brexit Fund

Thu, 02/21/2019 - 7:11pm
The Bank of Ireland said on Friday it will earmark 2 billion euros ($2.3 billion) for lending to small and medium businesses that need capital to adapt to the challenges of Britain's departure from the European Union.
Categories: India News

Cryptocurrency companies use 'backdoor' listings to ease into mainstream

Thu, 02/21/2019 - 7:08pm
Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.
Categories: India News

GM CEO will not appear before Canada legislators on plant closure

Thu, 02/21/2019 - 6:39pm
General Motors Co Chief Executive Mary Barra will not come before Canadian legislators to answer questions about the automaker's future in the country, but lower-ranking executives will appear, a lawmaker said on Thursday.
Categories: India News

Dropbox expects drop in first-quarter operating margin, shares fall

Thu, 02/21/2019 - 6:29pm
File sharing and storage company Dropbox Inc forecast a drop in current-quarter operating margins from a year earlier, sending its shares down nearly 11 percent in extended trading.
Categories: India News

Former Enron CEO Jeffrey Skilling released from federal custody

Thu, 02/21/2019 - 6:28pm
Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the company’s spectacular collapse, has been released from federal custody, the Houston Chronicle reported on Thursday.
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