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Reuters: Money News

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Updated: 22 min 44 sec ago

Global stocks dip as 'Santa Claus rally' elusive, oil rises

1 hour 7 min ago
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Categories: India News

Wall Street sinks; Gundlach says U.S. stock are in bear market

1 hour 9 min ago
Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine's Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week.
Categories: India News

Exclusive: Dubai's DP World seeks to quash India antitrust probe over Mumbai port-court filing

1 hour 40 min ago
Dubai's DP World has approached an Indian court to quash an antitrust investigation recently ordered into its alleged anti-competitive behaviour at the country's largest container port in Mumbai, a legal document reviewed by Reuters showed.
Categories: India News

Top U.S. fund managers prepare for bear market in small company stocks

2 hours 16 min ago
The shares of small companies in the U.S. haven't technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable.
Categories: India News

Exclusive: Venezuela creditors demand payment on $1.5 billion defaulted bond - lawyer

2 hours 23 min ago
A group of creditors has demanded payment on $1.5 billion in defaulted Venezuelan bond, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation.
Categories: India News

Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow

2 hours 29 min ago
Goldman Sachs Group Inc, Morgan Stanley and Bank of America Merrill Lynch are regaining clout in Latin America's largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows.
Categories: India News

Fed draws White House fire as it prepares to raise rates

2 hours 58 min ago
Just two days before the Federal Reserve is expected to raise interest rates for a fourth time this year, U.S. President Donald Trump and his top trade adviser on Monday ratcheted up their criticism of the central bank's monetary tightening.
Categories: India News

Retailers, health stocks lead Wall Street lower; banks help ease pain

3 hours 1 min ago
Wall Street dropped on Monday, but recovered from a slide of over 1 percent, weighed down by an Amazon-led drop in retailers and weakness in health stocks, with gains in banks ahead of a widely expected rate hike limiting losses.
Categories: India News

Madhya Pradesh to waive up to $5.3 billion in farm debts

3 hours 7 min ago
The new leader of the state of Madhya Pradesh is to waive up to $5.3 billion of farm loans, becoming the latest area to offer relief ahead of a national election next year as farmers reel from losses caused by falling crop prices.
Categories: India News

Regulator cautions banks to prepare for Brexit amid uncertainty

3 hours 21 min ago
European banks should prepare themselves and their customers for the risk of an abrupt departure by Britain from the European Union, one of the bloc's top regulators warned on Monday.
Categories: India News

Eni, Shell knew of 'sharks' in Nigeria graft case: judge

3 hours 25 min ago
An Italian judge said on Monday oil majors Eni and Royal Dutch Shell were fully aware their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.
Categories: India News

Facing opposition, Britain's May will bring Brexit deal back to parliament

3 hours 48 min ago
Prime Minister Theresa May said on Monday she would bring her Brexit deal back to parliament for a vote in mid-January, pledging to get assurances from the European Union to break the deadlock over Britain's departure from the bloc.
Categories: India News

White House adviser Navarro says no need for Fed rate hike

3 hours 59 min ago
White House trade adviser Peter Navarro said on Monday that the Federal Reserve should not raise interest rates on Wednesday because the U.S. economy is growing without inflation, and the central bank's monetary policy should be more data-dependent.
Categories: India News

J&J shares extend losses; company defends Baby Powder as safe

4 hours 7 min ago
Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday's Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder.
Categories: India News

Bitcoin climbs above $3,400, headed for biggest daily rise in nearly three weeks

4 hours 14 min ago
Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.
Categories: India News

Brexit: Chaotic exit, referendum or last-minute deal?

4 hours 17 min ago
The United Kingdom's exit from the European Union has been plunged into disarray by Prime Minister Theresa May's failure to find a divorce deal the British parliament will approve.
Categories: India News

Britain's Labour heaps pressure on PM by calling for no confidence vote

4 hours 49 min ago
Britain's main opposition Labour Party will call for a no confidence vote in Theresa May on Monday, a largely symbolic move to step up pressure on a prime minister facing deadlock in parliament over her Brexit deal.
Categories: India News

Wall Street drops 1 percent as health stocks weigh; Nasdaq erases 2018 gains

4 hours 52 min ago
Wall Street slid 1 percent on Monday, led by healthcare stocks after a federal ruling that Obamacare was unconstitutional, with the decline in the market-leading sector further unnerving investors already concerned about slowing global growth.
Categories: India News

Saudi's Falih discusses joint refining projects with Reliance

5 hours 26 min ago
India's Reliance, operator of the world's biggest refining complex, and top oil exporter Saudi Arabia will explore joint investments in refining and petrochemicals in the two countries, Saudi Arabian Energy Minister Khalid al-Falih said.
Categories: India News

Exclusive: Dubai's DP World seeks to quash India antitrust probe over Mumbai port - court filing

5 hours 33 min ago
Dubai's DP World has approached an Indian court to quash an antitrust investigation recently ordered to probe its alleged anti-competitive behaviour at the country's largest container port in Mumbai, a legal document reviewed by Reuters showed.
Categories: India News

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