Oil India Q2 profit rises over 33 pc, but misses estimates

State-controlled Oil India Ltd posted a 33.4 percent rise in its second-quarter profit on Monday, helped by strong gains from its crude oil segment, but missed analysts' estimates.

Industry News

China says will further open up its economy, slams rising protectionism

Chinese Premier Li Keqiang said on Monday Beijing will further open up its economy in the face of rising protectionism, as he headed for meetings with Asia-Pacific leaders in Singapore that are expected to focus on trade tens

Economy News

Crude oil prices rise by 1% after Saudi Arabia announces December supply cut

Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday.

Commodities News

Asia stocks pressured on global growth worries, oil woes

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.17 percent in early trade. Australian shares were down 0.08 percent, while Japan's Nikkei stock index eased 0.12 percent.

Markets News

US dollar stands tall, inches closer to its 16-month high

The dollar index gained 0.12 percent on Monday, changing hands at 97.02, sitting a little below its 16-month high of 97.2 hit on Oct. 31. The dollar index has strengthened four weeks in row, gaining 0.37 percent last week.

Markets News

Central American migrants resume their march towards US border

Hundreds of Central American migrants resumed their march north through Mexico on Saturday, en route to the US border where President Donald Trump has effectively suspended the granting of asylum to migrants who cross illegal

us, donald trump, mexico, us president donald trump News

Netflix CEO Reed Hastings says no plans for cheaper India offerings

Netflix chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive's comments suggesting otherwise had been "misunderstood."

Industry News

Slump in oil prices and weak Chinese economic data weighs on global stocks

Stocks around the globe suffered their biggest drop in two weeks on Friday.

global stocks, global stock markets, stock markets News

Brent crude falls below $70 a barrel for the first time in seven months

Benchmark Brent crude oil fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.

Commodities News

AirAsia X considers switching part of Airbus order to narrowbody jets, says CEO Benyamin Ismail

AirAsia X Bhd, which has yet to firm up a tentative order for 34 Airbus A330neo widebody jets placed in July, is considering switching some of them to narrowbody A321neos, the CEO of its Malaysian arm said on Friday.

Industry News

Hundreds of homes destroyed by California wildfire, deaths reported

A fast-moving wildfire roared through a Northern California town on Thursday, with reports of fatalities as it burned hundreds of homes and sent tens of thousands of people fleeing 50-foot-high (15.25-metres-high) flames, aut

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Chance of no-deal Brexit holds firm at one-in-four as clock ticks

With less than five months left before Britain and the European Union officially part ways, there remains a one-in-four chance the sides fail to reach a deal on the terms of departure, according to economists polled by Reuter

World News

US Securities and Exchange Commission, EtherDelta founder Zachary Coburn settle charges over operating unregistered exchange

The US Securities and Exchange Commission (SEC) said on Thursday it settled charges against Zachary Coburn, the founder of cryptocurrency token trading platform EtherDelta.

US Securities and Exchange Commission, us News

Japanese firms see US trade talks boosting exports despite Donald Trump’s rhetoric

Half of Japanese companies expect new trade talks with Washington to boost their US-bound exports.

japan, us, china News

US Federal Reserve holds interest rates steady, says economy remains on track

The US Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the economy on track.

federal reserve, us federal reserve News

Google hears protesters, changes sexual harassment policies

Alphabet Inc's Google said on Thursday it would make changes to how it handles sexual harassment claim

google, technology News

Equities dip ahead of Federal Reserve’s statement

World equity markets edged lower on Thursday, with US stocks opening on the defensive while the US dollar strengthened ahead of a monetary policy announcement by the Federal Reserve.

federal reserve, us, dollar News

Pakistani Christian woman Asia Bibi acquitted of blasphemy ‘secure’, out of jail

A Pakistani Christian woman has been freed from prison a week after the Supreme Court overturned her conviction and death sentence for blasphemy against Islam, and she is at a secure location in the country, officials said on

Asia Bibi, acquitted of blasphemy, Asia Bibi out of jail, pakistan supreme court, islamist party,  Pope Francis News

Robyn Denholm replaces Elon Musk as new Tesla chair

Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker's chairman as part of a settlement with U.S. regulators.

Industry News

BMW dented by upfront expenditure for new car launches

Investments to develop electric and self-driving cars, as well as spending to boost production of new X5, X7 and 8-series luxury models weighed on earnings when tariffs between China and the United States and a price war in E

Car News

Alibaba’s on-demand online services unit valued at $30 billion – sources

Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters.

Industry News

Asia stocks cheered by post-election Wall St rally, dollar bounces

Asian stocks rose to a one-month peak on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar bounced and pulled away

Markets News

Behind Sri Lanka’s turmoil, a China-India struggle for investments and influence

Gleaming cranes stretch out on the waterfront in the Sri Lankan capital Colombo as Chinese companies construct a $1.5 billion new commercial district, including hotels, marinas and a motor racing track.

India News

Stocks rise after U.S. vote splits power; dollar slips

Most major stock markets rose on Wednesday, led by a strong rally on Wall Street, after the outcome of the U.S. midterm congressional elections drove expectations of political gridlock in Washington, boosting risk assets and

Markets News

US shares rally midterm elections; technology, healthcare stocks lead

Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for eq

Markets News

Dollar cuts losses as election jitters settle; focus turns to Fed

The dollar cut its losses on Wednesday as investors further digested the results of the U.S. midterm congressional elections, after an initial sell-off on expectations that the outcome would make further fiscal stimulus measu

Markets News

Oil dips as soaring U.S. production outweighs talk of OPEC output cuts

Oil prices dipped on Thursday as record U.S. crude output heightened concerns of a return of global oversupply, stoking talk from within OPEC that production curbs may become necessary once again to prevent a glut.

Markets News
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