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Global markets: Asia shares slip, dollar gains as sterling slides

A surprisingly strong reading on U.S. retail sales released overnight had outweighed weakness in industrial production for the June quarter and boosted the dollar.

Global markets, Asian shares, Wall Street, oil prices, Asia Pacific shares, US retail sales, Nasdaq, Donald Trump News

Government to launch rules to end gas distributors’ monopoly in 34 areas, including New Delhi and Mumbai

GAIL has direct or indirect control of many of the single-city distributors, such as Mahanagar Gas Ltd in Mumbai, Indraprastha Gas Ltd in New Delhi.

Industry News

Tesla axes Model X, S base variants, cuts prices of middle variants to push sales

To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance". It also trimmed the price of its now entry-leve

Car News

Gold little changed; US retail sales data in focus

Spot gold was down 0.1% at $1,412.24 per ounce, as of 0107 GMT.

Commodities News

Oil down for a second day as US Gulf of Mexico output returns

The U.S. benchmark fell about 1% in the previous session. Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middle East.

Oil prices, Chinese economic data, US crude oil,  economic growth, Gulf of Mexico, Middle East News

Global markets: Asian shares tick up, US data, earnings in focus ahead of Fed

Investors were relieved by encouraging Chinese economic data on the previous day, though broad pressure across global business and investment from Sino-U.S. trade frictions and slowing world growth reinforced expectations of

Global markets, Asian shares, US data, US retail sales data,  Sino US trade, US Federal Reserve, Japan Nikkei stock index News

China’s GDP growth slows to a 27-year low as trade war bites

Motor vehicle production actually fell 15.2%, the 11th monthly decline in a row, suggesting automakers don't expect a sustained bounce in demand any time soon.

Economy News

Budget 2019: How India’s new tax on rich will impact foreign investment; check here

Union Budget 2019-20: The Indian government's budget proposal earlier this month to increase taxes on those with annual incomes of more than 20 million rupees ($292,269) has rattled many foreign portfolio investors(FPIs).

PSU Disinvestment, CPSE, current fiscal, THDCIL, RailTel, TCIL, Water & Power Consultancy Services, FCI,  Nirmala Sitharaman, economy news

Diesel cars face dark future in India as automotive industry turns towards petrol vehicles

Transportation has historically accounted for two-thirds of India's diesel use, but a steady decline in diesel's discount to gasoline has seen sales of diesel-powered cars fall to a record low share of total sales.

Car News

Huawei plans extensive layoffs at its US operations: Report

The layoffs could be in the hundreds, one person told the Journal.

Huawei Technologies Co Ltd, layoffs in Huawei, US blacklisting, Wall Street,  jobs in huawei, latest news on huawei layoffs News

Housing finance firm DHFL warns it may not survive due to “substantial financial stress”

One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL) , warned on Saturday that its financial situation was so grim that it may not survive.

Banking & Finance News

Simona Halep shocks Serena Williams to win first Wimbledon title

The 27-year-old Halep broke serve in the opening game and raced into a 4-0 lead.

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Wimbledon 2019: Vintage Federer holds off Nadal to set up final clash with Djokovic

The 40th career meeting between the golden duo with 38 Grand Slam titles between them, swung this way and that before Federer seized control to claim a 7-6(3) 1-6 6-3 6-4 victory.

Wimbledon, Wimbledon 2019, Roger Federe, Rafael Nadal News

Wall Street stocks climb, dollar drops on rate-cut optimism

The U.S. Treasuries yield curve steepened slightly, with yields largely unmoved by stronger-than-expected producer price data.

Wall Street, Wall Street stocks, US market, gloabal market, dollar, gold, gold prices, market news

PSU disinvestment: Modi govt to raise Rs 3.25 lakh crore from stake sale in 5 years

The government has identified a number of state-owned firms, including ONGC, Indian Oil, GAIL, NHPC, NTPC, NMDC, Coal India and BHEL for stake sale.

Disinvestment, indian psu, psu india, Govt, insurer, New India Assurance, DIPAM, DFS, HPCL, investors, Centre, rejig, ETF baskets, markets news, L&T, NMDC, indian rupee, indian bonds, bond market, bonds, rupee, narendra modi, News

भारत में बने टॉपएंड iPhone की बिक्री अगले महीने होगी शुरू! बिक्री में तेजी आने की उम्मीद

एक सूत्र के मुताबिक भारत में बने iPhone XR और XS अगस्त तक भारतीय बाजार में आ जाएंगे.

apple may soon launch cheap in cost high end iphone models aseembled in india News

Donald Trump drops census citizenship question, vows to get data from government

Critics of the effort said asking about citizenship in the census would discriminate against racial minorities and was aimed at giving Republicans an unfair advantage in elections by lowering the number of responses from peop

Donald Trump, Voting Rights Act, Democrats, US Supreme Court,  White House, US cenus News

Donald Trump blasts Bitcoin, Facebook’s Libra, demands they face banking regulations

"If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International," he added.

Donald Trump, Bitcoin, Facebook, Libra, Libra digital coin, Mastercard Inc, PayPal Holdings Inc, Uber Technology, ies Inc, global cryptocurrency News

Gold gains on US-China trade jitters, rate cut hopes

Spot gold was up 0.4% at $1,408.62 per ounce as of 0133 GMT.

Gold prices, US gold futures, Spot gold, US-China trade, US tariffs on china, dollar index News

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel.

Commodities News

Global markets: Asian shares ease as Donald Trump rekindles Sino-US trade tensions

S&P 500 e-mini futures were last up 0.21% at 3,010.25. Federal Reserve Chairman Jerome Powell indicated on Thursday that a rate cut is likely at the Fed's next meeting as businesses slow investment due to trade disputes and a

Global markets, Asian shares, Sino-US trade tensions, Jerome Powell,  Federal Reserve rate cut, Asia-Pacific shares, Nikkei stock News

Walmart told US govt India e-commerce rules regressive, warned of trade impact

Walmart's problems in India highlight the regulatory complications it faces as it restructures its international business to boost growth and online sales.

Walmart,US govt, India, e commerce, trade impact, us india, us india trade, us india relationship, FDI  News

US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

Brent crude futures were down 5 cents, or 0.1%, at $66.96 a barrel, after ending Wednesday up 4.4%.

oil price, US oil futures, Gulf of Mexico, WTI crude futures, Middle East, oil firms, US oil markets News

Gold hits 1-week high as comments from Fed’s Powell stoke rate cut bets

Spot gold was up 0.4% at $1,423.80 per ounce as of 0112 GMT, after earlier hitting its highest since July 3 at $1,426.

Gold prices, Jerome Powell, US Treasury yield, US gold futures,  Federal Reserve Chairman News

Global markets: Asia stocks rise, dollar sags as Fed chair sets stage for rate cut

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, while Japan's Nikkei added 0.15%.

Global markets, Asia stocks, Fed chair, Jerome Powel, US economy, Nikkei, Asia-Pacific shares, japan, US crude oil futures News

‘Gag on media freedom’: Editor’s guild asks Finance Ministry to withdraw restrictions on journalists

Sitharaman says she is trying to streamline the system and has denied there is any blanket ban. Prime Minister Narendra Modi's government has previously been accused of undermining freedom of the press in India.

Editors guild, Finance Ministry, restrictions on journalist, journalist, Nirmala Sitharaman, india news, ban on journalist News

US wants North Korea freeze as beginning, not end, of denuclearization

The Trump administration has dismissed a New York Times report that said an idea was taking shape among U.S. officials to seek to negotiate a nuclear freeze by North Korea, rather than its complete denuclearization, thereby t

North Korea, US, North Korean nuclear program, Pyongyang, Donald Trump, Kim Jong Un, North Korea denuclearization, Mike Pompeo News