Gold trades steady as investors await Fed decision

The Fed is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.

Spot gold was steady at $1,345.28 as of 0130 GMT. News

Oil extends gains amid Middle East tensions, US-China trade deal hopes

Fears of a confrontation between Iran and the United States have mounted since last Thursday's oil tanker attacks, which Washington has blamed on Tehran.

U.S. crude stocks also fell by 812,000 barrels last week to 482 million News

Asian shares jump on Fed rate fever, trade war hope

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.6% in early trade, adding to a 1% gain the day before.

The S&P 500 has gained 6% so far this month to be 1% from the all-time high hit in early May. News

Dollar near 2-week high before Fed as dovish ECB supports

The Fed is widely expected to stand pat on monetary policy this time but open the door for an interest rate cut at the next meeting in July.

The dollar index versus a basket of six major currencies was steady at 97.615 after climbing to 97.766 on Tuesday, its highest level since June 3. News

AirAsia to convert 253 orders for Airbus A320neo planes to larger A321neo

Airbus launched the A321XLR, which has a range of up to 4,700 nautical miles, at the Paris Airshow on Monday.

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Indo-US trade ties: Government to review data storage rules that irked American tech firms

On Monday Commerce Minister Piyush Goyal and leaders of technology companies discussed several federal plans in the works to push for more stringent data rules.

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Crude oil prices slip for second consecutive day on global growth concerns

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week's tanker attacks. 

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MTV Awards: Avengers Endgame beaten by U.S. Supreme Court Justice Ruth Bader Ginsburg

The MTV Movie and TV awards usually focus on crowd-pleasers and is an irreverent antidote to the more serious winter Hollywood awards season. Winners get popcorn-shaped trophies and are chosen by fans voting online. But while

Entertainment News

British finance minister Philip Hammond ‘prepared to resign’ over PM Theresa May’s legacy spending plans

The British government is understood to be asking Hammond to free up money from the 26.6-billion-pound "war chest" he set aside in case of a no-deal Brexit to fund the plans, according to the report.

Philip Hammond opposes those plans and is prepared to resign (Reuters photo) News

Gold holds steady ahead of Fed meeting

Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.

U.S. gold futures were almost unchanged at $1,343 an ounce. News

Oil prices hold steady amid Mideast tensions, weak economic data

The New York Federal Reserve said on Monday its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2-1/2 years, suggesting an abrupt contraction in regional activity.

Oil prices have fallen around 20% since 2019 highs News

Asia stocks capped ahead of Fed, oil on defensive

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.05%. Australian stocks added 0.1% while Japan's Nikkei dipped 0.05%.

The S&P 500 has gained 5% this month after sliding in May on trade war fears. News

Summer crop sowing lags on slow monsoon progress; IMD says rainfall to pick up next week

Lower production of soybeans could force India to raise imports of edible oils such as palm oil and soyoil, while a drop in cotton output could limit the world's biggest fibre producer's exports. Lower rice output could hit s

Summer crop, IMD, rainfall, soybean, cotton, rice, corn, monsoon rains, economy news

Crude oil prices slip as economic slowdown worries outweigh supply fears

Crude oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices hig

Oil prices, Brent crude futures, OPEC, oil demand, Russia , Russia, WTI crude News

Airtel Africa sets IPO price between 80-100 pence share

Airtel Africa also said it intends to list its shares on the Nigerian Stock Exchange at the same time as the London listing.

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Earthquake of 6.2 magnitude strikes in eastern Indonesia – agency

An earthquake of 6.2 magnitude struck in eastern Indonesia on Monday, the European monitoring agency said, but there were no immediate report of any casualties or damage.

Epicentre was 133 km (83 miles) northwest of the city of Kupang on Timor island (Representational image) News

Boeing crisis, trade tensions cast pall over Paris Airshow

Airlines that rushed to buy the fuel-efficient MAX are taking a hit to profits since having to cancel thousands of flights following the worldwide grounding in March.

Boeing is delaying decisions on the launch of a possible new aircraft (AP File photo) News

Hong Kong democracy activist Joshua Wong freed from jail, vows to join mass protests

His release comes a day after organisers of the protest calling for Lam to quit over a controversial extradition bill said almost two million black-clad people joined Sunday's march to government offices.

Joshua Wong was just 17 when he stood at the forefront of the broad civil disobedience movement (Reuters photo) News

India retain upper hand in World Cup rivalry with Pakistan

Pakistan have never beaten India in a World Cup but Sarfaraz Ahmed's men received encouragement from Prime Minister Imran Khan, the former cricketer who led the country to their maiden World Cup trophy in 1992.

Team India beat Pakistan by 89 runs (Twitter image) News

Asian shares wobble on trade, political tensions; focus turns to Fed meet

Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check.

MSCI's broadest index of Asia-Pacific shares outside Japan opened slightly lower and was last little changed, while Japan's Nikkei average stood flat. News

Gold off 14-month peak as strong US retail sales data lifts dollar

Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging U.S. retail sales data tempered fears about a sharp downturn in the world's largest economy.

U.S. gold futures fell 0.3% to $1,340.20 an ounce. News

Oil rises on tensions after Middle East tanker attacks

Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

Prices had jumped as much as 4.5% on Thursday after the attacks on two oil tankers near Iran and the Strait of Hormuz. News

Dollar holds near 2-week high after strong US retail data

The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world's largest economy.

The dollar index versus a basket of six major currencies was little changed at 97.509 after rising to 97.583 on Friday, its highest since June 3. News

Boeing says will take time to win back confidence after 737 MAX crashes

The head of Boeing Co said on Sunday the U.S. planemaker had made a mistake in implementing a cockpit warning system on the 737 MAX and predicted it would take time to rebuild the confidence of customers in the wake of two fa

Industry News

Tens of thousands expected to rally to demand Hong Kong leader steps down

The about-face was one of the most significant political turnarounds by the Hong Kong government since Britain returned the territory to China in 1997, and it threw into question Lam's ability to continue to lead the city.

Violent clashes in hong kong, hong kong protest, Carrie Lam, Hong Kong government, Britain, Beijing, Communist Party, latest updates on hong kong protest News

Hong Kong leader suspends extradition bill after protests

The extradition bill, which would cover Hong Kong’s 7 million residents as well as foreign and Chinese nationals in the city, was seen by many as a threat to the rule of law in the former British colony.

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