Oil prices drop as trade tensions stoke economy worries

U.S. West Texas Intermediate crude futures were down 20 cents, or 0.4%, at $57.46 a barrel.

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Global markets: Asian stocks hobbled by fading expectations for aggressive Fed rate cut

Japan's Nikkei rose 0.5% thanks in part to the yen's retreat against the dollar. On Wall Street, the S&P 500 lost 0.48% while the Nasdaq Composite dropped 0.78%, led by fall in Apple Inc .

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Global shares fall as prospect of sharp US rate cut fades

U.S. investment bank Morgan Stanley's decision to reduce its exposure to global equities due to misgivings about the ability of policy easing to offset weaker economic data also weighed on investor sentiment.

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Wall Street falls as Apple drags, sharp rate cut hopes fade

U.S. stocks fell on Monday, dragged down by losses in Apple and Boeing and as investors cut back bets of an aggressive interest rate cut by the Federal Reserve later this month.

Markets News

Asian shares fall as bets off on sharp US rate cuts

Share sentiment was also dampened by US investment bank Morgan Stanley's decision to reduce its exposure to global equities due to misgivings about the ability of policy easings to offset weaker economic data.

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Amazon founder Jeff Bezos’ divorce final with $38 billion settlement, says report

The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate large position.

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China says existing US tariffs must be removed for a trade deal

Existing U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China's commerce ministry said on Thursday.

Economy News

Monsoon in India: Rainfall below average for fifth straight week

India's monsoon rains in the week ending on Wednesday were below average for the fifth time in a row, although the deficit was the lowest since the start of the season, after it revived in central and western regions.

Economy News

IMF board approves $6 billion loan package for Pakistan

The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan on Wednesday to rein in mounting debts and stave off a looming balance of payments crisis, in exchange for tough aust

Economy News

ICC World Cup 2019: Bairstow ton crushes New Zealand, England join India and Australia in semis

England stormed into the Cricket World Cup semi-finals for the first time since 1992 after Jonny Bairstow's second consecutive century helped secure a comprehensive 119-run victory over New Zealand on Wednesday.

Sports News

Marathwada’s parched fields yield rich crop of women cops

Beed lies in Maharashtra's parched Marathwada region where years of drought have ravaged crops, forcing farmers to migrate and fuelling a demand for brides to work alongside their men so the family earns more.

India News

Christine Lagarde ECB pick triggers euro-zone share rally as investors chase yield

Euro zone stocks surged on Wednesday as investors piled into firms with big dividends on hopes European Central Bank chief nominee Christine Lagarde will maintain the ECB's dovish stance, while Italian shares jumped over 2% o

Economy News

Donald Trump says immigrants ‘unhappy’ with detention centers should stay home

Democratic lawmakers and civil rights activists who have visited migrant detention centers along the border in recent days have described nightmarish conditions marked by overcrowding and inadequate access to food, water and

World News

Oil prices edge down, pressured by U.S. supply

Oil prices inched lower on Thursday after solid gains the day before, pressured by data showing a smaller-than-expected decline in U.S. crude stockpiles.

Commodities News

Facebook, WhatsApp, Instagram users across the globe report glitches

The website's live outage map showed that the issues mainly cropped up in parts of Europe and the United States.

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Budget 2019: Modi govt’s budget likely to hike spending to combat slumping growth

Budget 2019 India: A shortfall in monsoon rains, pivotal for the farm sector that employs nearly half of India's workers, has increased concerns of rural distress and strengthened the case for intervention, a leader of Modi's

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Budget 2019: Modest rise in military spending likely, modernisation on hold

Budget 2019 India: India's air force desperately needs hundreds of combat planes and helicopters to replace its Soviet-era aircraft while the navy has long planned for a dozen submarines to counter the expanding presence of t

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Budget 2019: Going for growth, India set to borrow more, say economists

Budget 2019 India: After winning a second term by a landslide a little over a month ago, Prime Minister Narendra Modi's government's first budget since then is forecast to echo an interim budget from February in borrowing to

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Budget 2019: Government needs to hike defence spending, says Manish Tewari

Budget 2019 India: "China is spending more on defence. Their defence spending has grown over the years," Tewari said in the Lok Sabha during the Zero Hour.

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Gold hits 1-week peak; global trade woes, lower US yields support

India's gold imports rose 12.6% in June from a year earlier to $2.69 billion amid a jump in global prices to six-year highs, a government source said on Tuesday.

U.S. gold futures were up 2.1% at $1,437.7 an ounce. (File photo) News

Japan hit by torrential rains, orders 800,000 to evacuate from Kyushu island

Another 310,000 residents of the island were advised to find shelter, Kyodo News reported.

About 900 mm (35.4 inches) of rain has fallen on the southernmost main island of Kyushu, where Kagoshima is located, since late June, NHK said. (Reuters File photo) News

Asian shares subdued as trade enthusiasm ebbs

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, while Japan's Nikkei was down 0.4% in early trade.

The 10-year yield fell below two percent to fall as low as 1.969%, a low last seen in November 2016. (File photo) News

Dollar hobbled by lower US yields, pound sags on dovish BoE

The dollar index against a basket of six major currencies stood at 96.742 after pulling back from 96.875 scaled on Tuesday, its highest since June 20.

The dollar traded at 107.83 yen, having been nudged off a 12-day high of 108.535 scaled at the start of the week. (File photo) News

Oil edges up after steep fall; OPEC cuts, stocks draw support

An expected large draw in crude oil inventory in the United States also buoyed sentiment after a bigger-than-expected fall in inventories in a private survey.

Brent crude futures for September delivery were trading up 48 cents, or 0.8%, at $62.88 a barrel by 0053 GMT. (File photo) News

Wilful defaults in India cross $21 billion in 2018-19

India's state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as "wilful defaults" in 2018-19, with the biggest lender State Bank of India accounting for nearly a third, the finance minister sa

Economy News

Easter bombings: Sri Lanka police chief, ex-defence secretary arrested over bombings

Sri Lankan police on Tuesday arrested their own chief and the former defence secretary for failing to prevent attacks on churches and luxury hotels that killed more than 250 people in April, a police spokesman said.

World News

Norway goes big on electric cars: Almost half of sales account for EVs

The reason why so many people are buying electric cars in Norway is because of widespread charging infrastructure along with a number of incentives from the government on buying an EV.

Car News