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Oracle to hire 2,000 workers to expand cloud business to more countries

Seeking to better compete with bigger rivals Amazon Web Services and Microsoft Corp, the move will also help transition Oracle's business software for finance, sales and other functions to new systems over the next year.

The company currently has 16 such regions, a dozen of which it opened in the past year. News

Gold edges lower as dollar strengthens ahead of trade talks

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.13% and the U.S. dollar against a basket of currencies firmed around 98.98.

U.S. gold futures dropped 0.6% to $1,495.20. News

Asian shares inch up in cautious mood over trade, lira stumbles

U.S. and Chinese deputy trade negotiators on Monday launched two days of talks aimed at paving the way later this week for the first minister-level negotiations in months.

On Wall Street, the S&P 500 lost 0.45% on Monday, unable to sustain gains made after positive tweets and news headlines about the trade talks. News

Dollar steadies as markets hit holding pattern, eyeing US-China trade talks

The greenback had gained overnight as risk aversion, and low expectations for a breakthrough trade deal, drove trade-exposed currencies such as the Australian and New Zealand dollars, the Chinese yuan and Korean won lower.

"The U.S. and China are just too far apart on key issues," he said, leaving only a very limited deal in prospect. News

Brain-controlled exoskeleton helps paralysed man walk again!

A man paralysed from the shoulders down has been able to walk using a pioneering four-limb robotic system, or exoskeleton, that is commanded and controlled by signals from his brain.

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Oil prices slip again amid gathering gloom over global economy

Brent crude futures edged down 24 cents to $58.13 a barrel by 0147 GMT while U.S. West Texas Intermediate (WTI) crude was at $52.69, down 12 cents.

Global supply also faces facility repair and maintenance pressures. News

Gold rises ahead of US-China trade negotiations

Spot gold was up 0.3% to $1,508.23 per ounce as of 0101 GMT. Prices had edged 0.5% higher in the previous week on fears of global economic slowdown.

U.S. gold futures inched 0.1% higher to $1,513.90 an ounce. News

Asian shares buoyed by US jobs, trade talks in focus

The focus will shift to the next round of U.S.-China trade negotiations expected in Washington on Oct. 10-11 to see if the two sides can end a bruising year-long trade war that has hurt global growth and raised the risk of re

U.S. stock futures, fell 0.35% in Asia on Monday after the S&P 500 ended 1.4% higher on Friday. News

Will use every possible way to export oil: Iran

Iran’s crude oil exports were cut by more than 80% when the United States re-imposed sanctions

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Hong Kong metro system partially reopens as city braces for further protests

The operator's closure on Saturday had largely paralysed most of the city with its network typically carrying about 5 million passengers a day.

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North Korea breaks off nuclear talks with US in Sweden

"The negotiations have not fulfilled our expectation and finally broke off," Kim told reporters outside the North Korean embassy, speaking through an interpreter.

North Korea, north korea US talks, Washington, Pyongyang, Sweden, DPRK counterparts News

US President Trump suspends entry of immigrants who cannot pay for healthcare

The document listed the types of insurance considered approved, such as employer-sponsored plans and the Medicare program for the elderly.

Donald Trump on immigrants, donald trump healthcare, US Visa, us immigratin policy, us medical visa News

EXPLAINED: Deadly civil unrest — what is happening in Iraq?

There is no mention so far of reshuffles or resignations. Parties that agreed to bring Abdul Mahdi to power, and which control the weak premier, are likely to want to keep him there. 

World News

US trade deficit rises 1.6 per cent in August

The import bill was boosted by a $1.9 billion surge in capital goods imports to the highest on record. Cellphone imports rose by $1.1 billion.

World News

US jobs growth rises moderately; unemployment rate falls to 3.5 per cent

Nonfarm payrolls increased by 136,000 jobs last month, the government said. August data was revised to show 168,000 jobs created instead of the previously reported 130,000 positions.

World News

Brexit: UK PM Boris Johnson may ask for extension if no deal by October 19

Anti-Brexit campaigners began legal action in Scottish courts on Friday to order him to comply with the Benn Act or have judges write to the EU on his behalf asking for the extension.

World News

PMI survey: India’s services sector contracts in September on weak demand

It was the second month this year the index had fallen below the 50-mark separating growth from contraction - the last one being in June. A manufacturing survey earlier this week also showed a cooling in activity.

The weak manufacturing and dismal services sector activity dragged down the composite PMI to just below the 50-mark for first time since February 2018. (Representational image) News

Facebook says it removed 211 accounts in UAE, Nigeria and Egypt

Facebook Inc on Thursday said it removed several pages, groups and accounts on its platforms that were engaged in "coordinated inauthentic behavior", originating from the United Arab Emirates, Egypt and Nigeria.

A total of 211 accounts, 107 pages, 43 groups were removed from Facebook and 87 accounts were taken down from Instagram, Facebook said. (Reuters image) News

Gold gains on soft US service sector data, focus on jobs report

Spot gold was up 0.2% at $1,508.12 per ounce, as of 0132 GMT. It climbed to $1,518.50, its highest since Sept. 25 in the previous session.

U.S. gold futures were flat at $1,513.9 an ounce. News

PC maker HP to cut up to 9,000 jobs in restructuring push

HP estimates the plan will result in annual gross run rate savings of about $1 billion by the end of fiscal 2022, it added.

HP's shares have fallen about 10% this year up to Thursday's close. News

Dollar on back foot after US service sector survey fans recession worries

Coming on the heels of a similar survey on manufacturing, announced on Tuesday, showing activity plunging to a more than 10-year low, the weak data increased fears of a U.S. recession.

Adani Group, BASF, MoU, chemical venture, Abu Dhabi National Oil Company, ADNOC, Borealis  News

Oil edges higher but on track for big weekly loss

Brent crude oil futures rose 8 cents, or 0.1%, to $57.79 a barrel by 0138 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 12 cents, or 0.2%, to $52.57 a barrel.

For the week, Brent futures were down 6.7%, marking its largest weekly loss since December, while WTI was down 6%, its biggest decline since July. News

Asia stocks edge higher but markets on tenterhooks ahead of US payrolls

Investors have been caught out by a set of weak U.S. data this week, including surveys on services and manufacturing sectors, deepening fears the Sino-U.S. trade war is starting to hurt growth in the world's biggest economy.

The two-year yield, which tracks expectations for U.S. monetary policy, rose slightly to 1.3941% in Asia but was still close to a two-year low of 1.3680%. News

Apple chief Tim Cook weighs in against setting up digital currency

Three months ago, Facebook announced plans to launch a digital currency in June 2020, in partnership with other members of the Libra Association set up by the U.S. tech giant to manage the project.

"Currency, like defence, needs to stay in the hands of countries, that's the heart of their mission," Cook said. News

Wall Street gains as weak services data raises rate-cut expectations

The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016.

The Dow Jones Industrial Average rose 0.47% to end at 26,201.04, while the S&P 500 gained 0.80% to 2,910.63. News

Gold rises as weak US data fuels global slowdown worries

Spot gold was up 0.1% at $1,500.59 per ounce at 0105 GMT. Prices rose 1.4% on Wednesday, the biggest one-day percentage gain since Aug. 23.

U.S. gold futures were down 0.1% at $1,506.4 an ounce. News

Oil steadies in rebound after jitters over economic outlook, US inventories

World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears the global economy could slip into recession.

Brent crude oil futures edged 10 cents higher, or 0.2%, to $57.79 a barrel by 0209 GMT, after tumbling 2% in the previous session. News