Lyft to woo investors with fast US growth in IPO race with Uber

Lyft will pitch investors on its fast growth in the United States as it seeks to beat out Uber to become the first publicly listed ride-hailing company, according to people familiar with the matter.

lyft, uber, us News

India’s oil imports from Iran plunged 45% in January

India's oil imports from Iran fell by 45% in January to 270,500 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes were delayed.

india, iran, oil News

Drought, pests could force India to grant duty-free corn imports

The shift to imports in the world’s seventh-largest corn producer, which typically exports to Asia, highlights the breadth of the crop losses due to the drought and armyworm.

pests, corn imports News

India plans over $12 billion in power plant, EV incentives to cut pollution

Of the 885 billion rupees, 835 billion would be used for curbing sulphur emissions from power plants, and the rest to develop electric vehicles infrastructure in 70 cities in the five years ending 2025, the statement said.

Industry News

U.S. may trim over 1,000 troops from Afghanistan in belt-tightening-general

U.S. Army General Joseph Votel, the head of the U.S. military's Central Command, said the decision to reduce some of the roughly 14,000 American forces in Afghanistan was not linked to those peace efforts, however.

World News

More flights grounded, this time at Dubai Airport, as drones get airborne

The issue of drones interfering with commercial air traffic has taken on new urgency after reports of sightings around airports in Britain and the United States.

Dubai International Airport,drones at dubai international airport, flights grounded in debai airport, united arab emirates, Gatwick Airport News

Brexit deal: Theresa May has 50:50 chance of getting it ratifies, says Goldman Sachs

Goldman said it saw the probability of a no-deal exit at 15 percent and the probability of no Brexit at around 35 percent.

Brexit deal, Goldman Sachs, theresa may, british parliament, brexit divorce deal News

Gold in tight range as dollar caps gains; investors wait for trade talks

Investors are awaiting further developments from ongoing U.S.-China trade talks before making any big moves.

gold prices, global growth, US china trade, Us equities,  US gold futures, Xi Jinping, donald trump News

Oil prices hit 2019 highs amid OPEC-led supply cuts

The international benchmark for oil prices is at a near 3-month high and set for a 4.5 percent gain for the week.

oil prices, oil prices news, OPEC, brent crude, Iran, WTI crude futures, US ouput News

Global markets: Asian stocks slip after grim US retail sales data

Japan's Nikkei dropped 1.1 percent while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 percent in early trade, with South Korea's Kospi shedding 1.0 percent.

Global markets, asian stocks, US retail sales, japan nikkei, asia pacific shares, US Federal Reserve News

Samsung says will launch Galaxy A series smartphone every month from March, expects $4 billion sales in India

The South Korean giant will unveil one smartphone from the Galaxy A series every month beginning in March, through June, Ranjivjit Singh, Samsung India's chief marketing officer, told Reuters in a telephone interview.

Industry News

Acting Pentagon chief backs NATO, despite Trump’s past criticism

Shanahan, asked about Germany's defense spending in particular, said 1.5 percent of GDP on defense was not enough.

World News

Brexit: What happens in Britain’s parliament on Thursday

If the motion is rejected, it would undermine May's efforts to show Brussels that if they do agree to renegotiate the Irish backstop, she has a stable majority in parliament and can get the deal passed.

World News

These Nestle products sold the most in China, North America; improved company’s sluggish growth

It also wants to return to mid-single digit sales growth and reach an underlying trading operating profit margin target of 17.5-18.5 percent by 2020.

Industry News

Beware! Software pirates hijack Apple technology to spread hacked apps

Apple has no way of tracking the real-time distribution of these certificates, or the spread of improperly modified apps on its phones, but it can cancel the certificates if it finds misuse.

Apple technology, apple, hacked apps, Spotify, Software pirates, App Store, apps on iPhones News

Airbus jets at 50% discount? What data reveals

For years, planemakers such as Airbus and U.S. rival Boeing have grabbed headlines by announcing orders at catalogue prices that are far above the real market value of jets.

Airbus, aircraft industry, airbus jets on 50% discount, jet price, global jet market, Boeing News

A380 grounded: Airbus to scrap world’s largest aircraft production

The European company said it would enter talks with unions in coming weeks over the 3,000-3,500 jobs potentially affected. Airbus will produce 17 more of the planes including 14 for Emirates and 3 for Japanese airline ANA.

A380 grounded, airbus, airbus A380superjmubo to stop production, Boeing 747, Emirates, A330neo models News

Donald Trump considers 60-day extension of March tariffs deadline on Chinese imports

A trade delegation led by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin began high-level talks with Chinese counterparts, led by Vice Premier Liu He, on Thursday.

US china trade talks, Donald Trump, US china trade deal, Liu He, Steven Mnuchin News

Gold prices rises on hopes of Federal Reserve pause; trade talks in focus

Gold prices touched a more than one-week high of $1,318.12 on Wednesday, but pared gains in the late session on the dollar's strength.

gold prices, spot gold, federdal reserve, SPDR Gold Trust, US inflation data, US china trade taljs News

Oil prices rise on hopes for US-China trade spat breakthrough

The global oil market will struggle this year to absorb fast-growing crude supply from outside the Organization of the Petroleum Exporting Countries (OPEC), even with the group's production cuts and U.S. sanctions on Venezuel

oil prices, US china trade talk, gllobal economy, sino US tariff, crude futures, brent crude oil, US china trade deal News

Global markets: Asia stocks wait on Sino-US tariff talks, China trade data

MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat, having just touched peaks last seen in early October.

Global markets, asia stocks, sino US talks, china trade, japan nikkei, asian pacific shares News

Nestle set to sell first Starbucks coffee under $7.15 billion deal

After last year's $7.15 billion cash deal for exclusive rights to sell the U.S. chain's coffees and teas, Nestle will start selling Starbucks labelled coffee beans, roast and ground coffee and single-serve capsules for its Ne

Nestle, Starbucks, coffee beans, roast coffee, ground coffee, Nespresso, Nescafe Dolce Gusto, coffee makers News

Google, Apple asked to pull Saudi app allowing men to snoop on wives

Saudi Arabia, one of the world's most gender-segregated nations, is ranked 138 of 144 states in the 2017 Global Gender Gap, a World Economic Forum study on how women fare in economic and political participation, health and ed

Industry News

Brexit: What will happen in the British parliament on Feb. 14?

If the motion is rejected, it would undermine May's efforts to show Brussels that if they do agree to renegotiate the Irish backstop, she has a stable majority in parliament who would approve the deal and other necessary legi

World News

Belgium airports cancel all flights as workers stage national strike

Belgian Prime Minister Charles Michel said talks needed to resume by Thursday and added that companies had created 219,000 jobs in the past four years thanks to the government's policies.

World News
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