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Economy

De Beers eyes tech markets for synthetic diamonds future

Fri, Oct 19, 2018

Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.

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Asia shares extend slump as global sentiment sours

Fri, Oct 19, 2018

Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy`s 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.

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Exclusive - U.S. asks for WTO panel over metals tariffs retaliation

Fri, Oct 19, 2018

The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminium, according to a U.S. official familiar with the matter.

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Wall St. slides as Saudi Arabia, Italy add to economic concerns

Fri, Oct 19, 2018

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Wall Street drops on Italy, Saudi Arabia worry

Fri, Oct 19, 2018

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy`s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors` appetite for risk.

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Wall St. drops on Italy, Saudi Arabia worry

Fri, Oct 19, 2018

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy`s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors` appetite for risk.

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New Pakistani government seeks to renegotiate LNG terminal deals - minister

Fri, Oct 19, 2018

Pakistan`s new government will renegotiate agreements for two liquefied natural gas (LNG) import terminals, the country`s petroleum minister said on Thursday, part of a wider investigation into deals struck by the previous government.

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Wall St. slides on Saudi Arabia, Italy concerns

Fri, Oct 19, 2018

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy`s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia.

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U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

Fri, Oct 19, 2018

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

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Italy defends budget as EU warns of 'unprecedented' rules breach

Fri, Oct 19, 2018

Italy`s Prime Minister defended its free-spending budget on Thursday, brushing off criticism from Brussels as the European Commission stepped up pressure over a draft it labelled an unprecedented breach of EU fiscal rules.

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U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

Fri, Oct 19, 2018

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

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VW's Porsche expects to repeat record vehicle sales this year

Thu, Oct 18, 2018

Volkswagen`s Porsche sports car brand is confident it can repeat last year`s record sales in 2018, the division`s chief executive told Reuters.

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Oil pares losses as focus returns to Iran sanctions

Thu, Oct 18, 2018

Oil prices dipped on Thursday but pared losses as investors turned their attention to the impending loss of Iran`s crude exports after the United States re-imposes sanctions in early November.

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Global Markets: Souring sentiment drags stocks lower; oil falls

Thu, Oct 18, 2018

Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy`s budget concerns and a widening gap between the United States and Saudi Arabia.

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VW's Porsche expects to repeat record vehicle sales this year

Thu, Oct 18, 2018

Volkswagen`s Porsche sports car brand is confident it can repeat last year`s record sales in 2018, the division`s chief executive told Reuters.

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Telcos to delete Aadhaar data if customer gives alternative KYC docs: COAI

Thu, Oct 18, 2018

Mobile service customers who want to get their Aadhaar details removed from the records of telecom operators would need to provide alternative verification documents, industry body COAI said Thursday.

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Haryana to set up State Bench of GST Appellate Tribunal in Hisar

Thu, Oct 18, 2018

The Haryana government has decided to constitute State Bench of Goods and Services Tax Appellate Tribunal in Hisar for speedy settlement of matters related to GST, Finance, Excise and Taxation Minister Capt Abhimanyu said Thursday.

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Wall Street slides on weak earnings, hawkish Fed, Saudi concerns

Thu, Oct 18, 2018

U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve`s minutes.

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Norway, EU ask WTO to set up panel on U.S. steel, aluminium tariffs

Thu, Oct 18, 2018

Norway, the European Union and several other countries asked the World Trade Organization (WTO) on Thursday to set up a dispute resolution panel to address U.S. tariffs on steel and aluminium.

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U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

Thu, Oct 18, 2018

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

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