Gold climbs to over 6-month peak on global slowdown fears

Gold prices rose to a fresh 6-1/2 month high on Friday as tumbling share markets on the back of weak U.S. data fanned fears of a global economic slowdown, putting the safe haven metal on track for a third weekly gain.

Commodities News

Oil slips on economic downturn fears, but OPEC cuts offer support

Oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.

Commodities News

Tesla cars get cheaper in US to offset lower green tax credits

Chief Executive Elon Musk, who has often set goals and deadlines that Tesla has failed to meet, surprised investors by delivering on his pledge to make Tesla profitable in the third quarter, for only the third time in its 15-

tesla, tesla Shanghai, tesla factory shanghai, US china trade war, China, Shanghai News

Wall Street ekes out gain, Apple cuts revenue forecast after the bell

Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast.

Markets News

China gains cushion Asian shares after Apple jolt; flash crash hits currencies

U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushioning

Markets News

Etihad holds first class ticket for Jet’s tailspin

Jet is struggling to turn things around as it grapples with cutthroat competition. Rivals with lower operating costs are keeping fares low in one of the world’s fastest growing aviation markets.

Industry News

Oil prices drop amid currency and stock market turmoil

Oil prices fell by more than one percent on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019.

Commodities News

Gold gains on global growth fears, falling Asian stocks

Gold prices inched up on Thursday as a dip in Asian equities and worries about a sharp global economic slowdown propelled demand for safer investments.

Commodities News

Japanese Yen gains as new year trade starts on cautious note

The dollar eased against the yen on Wednesday as caution prevailed on the first trading day of the new year on wider concerns about global economic growth, the U.S. government shutdown and a slower pace of Federal Reserve rat

Markets News

Crude oil falls as traders gear up for volatile 2019

Oil markets reversed early gains on Wednesday to fall on the back of surging U.S. crude production and concerns of an economic slowdown in 2019.

Commodities News

Asian shares blindsided on first trading day of new year by dismal China data

Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures.

Markets News

Asia takes heart from New Year gains in US stock futures

Asian shares crept cautiously higher on the first trading day of the new year as early gains in U.S. stock futures spoke of some improvement in risk appetite.

Markets News

NASA probe nears distant space rock for landmark flyby  

After trekking 1 billion miles beyond Pluto into the Kuiper Belt, New Horizons will now seek clues about the formation of the solar system and its planets.

Lifestyle News

India exempts rupee payments for Iran oil from hefty taxes – Government order

Those have been building up since Tehran was put under stringent U.S. sanctions in early November.

Economy News

Wall Street may gain Monday but unlikely to mute December losses

Investors could see one last boost to Wall Street stocks in the final trading session of the year on Monday, but they do not expect gains to offset losses in the worst December since the 1930s.

Markets News

Dollar steady; Aussie gains on US-China trade developments

The dollar traded narrowly against its peers on Monday, as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial U.S. government shutdown.

Markets News

Bangladesh election result: PM Sheikh Hasina records big victory amid vote rigging claims

Prime Minister Sheikh Hasina's ruling party won Bangladesh's election with a thumping majority, the country's Election Commission said early on Monday, giving her a third straight term following a vote that the opposition rej

World News

Gold inches lower as US-China trade talks boost risk appetite

Gold prices fell slightly on Monday as Asian equities benefited from hints of progress on the long-drawn China-U.S. trade spat, while the dollar held steady in a narrow range.

Commodities News

Asian stocks pin hopes on Sino-US talk, as year ends deep in the red

Asian stocks crept higher on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally.

Markets News

Oil prices rise, but set for first annual decline since 2015

Brent crude futures - the international benchmark for oil prices - rose 17 cents, or 0.3 percent, to $53.38 a barrel by 0115 GMT. Brent has shed about 20 percent in 2018 following two years of successive growth.

Commodities News

Russian President Vladimir Putin, in New Year letter to Donald Trump, says Moscow is open for dialogue

In a separate letter to Syrian President Bashar al-Assad, Putin pledged continuation of aid to the Syrian government and people in the "fight against terrorism".

Russian, Vladimir Putin, Donald Trump, Moscow, New Year letter, russia-us, world news

China probe readies to land on dark side of the moon

The moon is tidally locked to Earth, rotating at the same rate that it orbits our planet, so the far side - or the "dark side" - is never visible from Earth. Previous spacecraft have seen the far side of the moon, but none ha

Lifestyle News

Italian parliament passes budget in confidence vote, after EU deal

The Italian parliament on Saturday passed the government's 2019 budget just ahead of an end-year deadline, following last week's deal with the European Commission which calmed financial markets and averted a risk of fines aga

World News

Instagram accidentally enables horizontal feed, blames ‘bug’

Instagram said on Thursday it has fixed a bug that led to a temporary change in the appearance of its feed for a large number of users

Industry News

India vs Australia: Jasprit Bumrah grabs six as India dismiss Australia for 151

Australia fell 93 runs short of making India bat again on a steamy afternoon at the Melbourne Cricket Ground but captain Virat Kohli did not enforce the follow-on.

Sports News

Wall Street roars back late to keep rally going

Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.

Markets News

Brent crude oil prices jump, but oversupply worries persist

Oil prices jumped as much as 3 percent on Friday to win back a chunk of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressu

Commodities News
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