Reuters

Reuters

Animation fans lay flowers, pay respects at Japan studio ravaged by arson

On Friday morning people gathered in the rain at the edge of the cordon set up by police and fire officials.

A man places flowers outside the Kyoto Animation Studio building (AP Photo) News

Blast near Afghan university kills six, injures 27

Afghan security forces are facing almost daily attacks by Taliban militants, despite reported progress in efforts by the United States to broker an end to Afghanistan's nearly 18-year war.

Health ministry spokesman Wahid Mayar said two bodies and 10 injured people had been taken to hospital after the blast. (AP File photo) News

Wall Street rises as Fed’s Williams cements rate-cut expectations

Williams said that when rates and inflation are low, policymakers cannot afford to keep their "powder dry" and wait for potential economic problems to materialize.

Losses in Netflix triggered a 0.9% fall in the communication services sector, which has been one of the best-performing S&P sectors so far this year. News

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

The comments by Williams made it a virtual certainty the Fed would opt to cut interest rates by 25 basis points (bps) at its July 30-31 policy meeting and also fuelled expectations of an even deeper 50 bp reduction.

Australian stocks added 0.4%, South Korea's KOSPI rose 0.8% and Japan's Nikkei advanced 1%. (Representational image) News

Dollar under pressure after Fed fuels bets on large rate cut

The greenback fell broadly on Thursday after Williams' remarks bolstered bets that the Fed would cut interest rates by 50 basis points, rather than 25 basis points.

The dollar index, which hit a two-week low of 96.648, bounced to 96.824. (File photo) News

Oil rises after US Navy destroys Iranian drone

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

Brent crude futures were up 82 cents, or 1.3%, at $62.75 by 0100 GMT. (File photo) News

Gold hits 6-year peak on US rate cut prospect, Middle East tensions

Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, before easing to be down 0.2% at $1,442.71 as of 0117 GMT.

U.S. gold futures jumped 1% to $1,441.90 an ounce. (File photo) News

Bullied by peers, LGBT+ children in India drop out of schools

Despite a landmark 2018 court ruling that decriminalised gay sex, India's LGBT+ community are often rejected by their families and denied jobs and driven into sex work or begging.

Education News

Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

The social media company is fighting to get Washington on its side after it shocked regulators and lawmakers with its announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.

Facebook, Libra cryptocurrency plan, data privacy, facebook inc, digital coin News

Unbowed, Donald Trump intensifies attacks on four Democratic congresswomen

"So these congresswomen, their comments are helping to fuel the rise of a dangerous, militant hard left," Trump said to roars from the crowd in North Carolina, a state seen as key to his re-election.

Donald Trump, Democratic congresswomen, donald trump racist comment,  immigration, Nancy Pelosi, Republican Party News

Gold scales 2-week peak on Fed rate cut expectations, softer dollar

Spot gold was steady at $1,425.87 per ounce as of 0127 GMT, after hitting its highest since July 3 at $1,428.40.

Gold prices, US Federal Reserve, US-China trade, Wall Street stocks, SPDR Gold Trust News

Global markets: Stocks wobble, bond yields fall on earnings woes, trade worries

Moments earlier, the Bank of Korea unexpectedly cut its policy interest rate for the first time in three years, as uncertainties from a trade dispute with Japan added to anxiety about the economy's outlook.

Global markets, Asian shares, Wall Street stocks, US-China trade war, Donald Trump,  Nasdaq Composite, Huawei Technologies, Asia-Pacific shares News

G7 finance ministers look to rein in tech giants at French meeting

G7 governments are concerned that decades-old international tax rules have been pushed to the limit by the emergence of Facebook and Apple, which book profits in low-tax countries regardless of the source of the underlying in

G7 finance ministers, Facebook, Apple, Donald Trump, Bruno Le Maire, digital firms, paris, digital taxation News

Amazon in deal with German watchdog to overhaul marketplace terms

Silicon Valley's tech giants have come under increasingly intense scrutiny in Europe, with Alphabet's Google hit with billions of euros in fines for breaches of European Union competition rules.

Amazon, German watchdog, United States, European Union, Jeff Bezos, European marketplaces, Luxembourg, Federal Cartel Office News

Gold inches down as strong US retail sales lift dollar

Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT.

Gold prices, US retail sales,  Spot gold, dollar, US gold futures News

Oil prices steady after falling to more than one-week lows

Iran denied it was willing to negotiate over its ballistic missile program, contradicting a claim by U.S. Secretary of State Mike Pompeo, and appearing to undercut Trump's statement that Washington had made progress on its di

Oil price, US crude, Brent crude futures, oil futures, US iran tensions, global oil price News

Global markets: Asia shares slip, dollar gains as sterling slides

A surprisingly strong reading on U.S. retail sales released overnight had outweighed weakness in industrial production for the June quarter and boosted the dollar.

Global markets, Asian shares, Wall Street, oil prices, Asia Pacific shares, US retail sales, Nasdaq, Donald Trump News

Government to launch rules to end gas distributors’ monopoly in 34 areas, including New Delhi and Mumbai

GAIL has direct or indirect control of many of the single-city distributors, such as Mahanagar Gas Ltd in Mumbai, Indraprastha Gas Ltd in New Delhi.

Industry News

Tesla axes Model X, S base variants, cuts prices of middle variants to push sales

To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance". It also trimmed the price of its now entry-leve

Car News

Gold little changed; US retail sales data in focus

Spot gold was down 0.1% at $1,412.24 per ounce, as of 0107 GMT.

Commodities News

Oil down for a second day as US Gulf of Mexico output returns

The U.S. benchmark fell about 1% in the previous session. Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middle East.

Oil prices, Chinese economic data, US crude oil,  economic growth, Gulf of Mexico, Middle East News

Global markets: Asian shares tick up, US data, earnings in focus ahead of Fed

Investors were relieved by encouraging Chinese economic data on the previous day, though broad pressure across global business and investment from Sino-U.S. trade frictions and slowing world growth reinforced expectations of

Global markets, Asian shares, US data, US retail sales data,  Sino US trade, US Federal Reserve, Japan Nikkei stock index News

China’s GDP growth slows to a 27-year low as trade war bites

Motor vehicle production actually fell 15.2%, the 11th monthly decline in a row, suggesting automakers don't expect a sustained bounce in demand any time soon.

Economy News

Budget 2019: How India’s new tax on rich will impact foreign investment; check here

Union Budget 2019-20: The Indian government's budget proposal earlier this month to increase taxes on those with annual incomes of more than 20 million rupees ($292,269) has rattled many foreign portfolio investors(FPIs).

PSU Disinvestment, CPSE, current fiscal, THDCIL, RailTel, TCIL, Water & Power Consultancy Services, FCI,  Nirmala Sitharaman, economy news

Diesel cars face dark future in India as automotive industry turns towards petrol vehicles

Transportation has historically accounted for two-thirds of India's diesel use, but a steady decline in diesel's discount to gasoline has seen sales of diesel-powered cars fall to a record low share of total sales.

Car News

Huawei plans extensive layoffs at its US operations: Report

The layoffs could be in the hundreds, one person told the Journal.

Huawei Technologies Co Ltd, layoffs in Huawei, US blacklisting, Wall Street,  jobs in huawei, latest news on huawei layoffs News

Housing finance firm DHFL warns it may not survive due to “substantial financial stress”

One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL) , warned on Saturday that its financial situation was so grim that it may not survive.

Banking & Finance News
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