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Asia's surging fuel exports depress refining industry profits
Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits.
Posted on : 2019-02-22 13:31:34
Indian lawmakers summon Facebook officials over citizens' rights protection
An Indian parliamentary panel has summoned representatives of Facebook Inc, its messaging services WhatsApp and photo-sharing app Instagram to appear before it early next month and discuss how to safeguard citizens' rights on social media.
Posted on : 2019-02-22 13:12:37
Flat German net trade contributes to fourth-quarter stagnation: stats office
German exports rose by as much as imports in the fourth quarter, data showed on Friday, contributing to an economic stagnation in Europe's largest economy.
Posted on : 2019-02-22 13:08:20
Canada's Barrick Gold considers hostile $19 bln bid for Newmont Mining: media
Canada's Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country's Globe and Mail newspaper reported.
Posted on : 2019-02-22 13:06:25
Poll: Japan January output seen falling at fastest pace in a year on China
Japan's industrial output in January is forecast to have fallen at the fastest pace in a year as exports to China tumble due to a bruising trade war with the United States.
Posted on : 2019-02-22 13:04:37
Global Markets: China rebound drives Asian shares higher
Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook.
Posted on : 2019-02-22 13:00:34
Oil prices stable on trade hopes, but record U.S. output weighs
Oil prices reversed earlier falls on Friday, lifted by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
Posted on : 2019-02-22 12:54:51
Australia seeks to calm investors over China coal ban
Australia's prime minister sought to ease fears on Friday of a further rift in ties to China following a ban on coal imports at the northern port of Dalian that knocked coal exporters and the local dollar.
Posted on : 2019-02-22 12:39:59
Uber Eats close to selling Indian food delivery business to Swiggy: ET
Uber Eats, the food delivery arm of ride-hailing app Uber Technologies Inc, is close to a deal to sell its Indian business to Bengaluru-based Swiggy, the Economic Times reported on Friday.
Posted on : 2019-02-22 12:17:37
Sensex, Nifty largely flat; Kotak Mahindra drags
The Sensex and the Nifty were subdued on Friday amid declines in broader Asia triggered by a worsening global growth outlook, while Kotak Mahindra Bank Ltd sank to a three-week low after reports of a stake sale by ING Group.
Posted on : 2019-02-22 12:15:49
A Fed pivot, born of volatility, missteps, and new economic reality
The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.
Posted on : 2019-02-22 11:41:40
Australia seeks to calm investors over concerns at China coal ban
Australia's prime minister sought to ease fears on Friday of a further rift in ties to China following concerns of a ban on coal imports at the northern port of Dalian, as coal stocks pared early losses and the local dollar steadied.
Posted on : 2019-02-22 11:06:32
Alibaba CEO rules out layoffs this year
Alibaba Group Holding Ltd expects to avoid layoffs this year despite China's economic slowdown, CEO Daniel Zhang said on Friday.
Posted on : 2019-02-22 10:51:23
Singapore's OCBC shocks with near 2-year low quarterly profit, cautious on outlook
Singapore's Oversea-Chinese Banking Corp Ltd unexpectedly reported its lowest quarterly profit in nearly two years, pinning the blame on its insurance unit and saying a slowing economy will intensify challenging business conditions.
Posted on : 2019-02-22 10:35:10
Gold prices rise on trade talk optimism; Fed stance limits gains
Gold prices edged higher on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs of the U.S. Federal Reserve raising interest rates again this year capped gains.
Posted on : 2019-02-22 10:34:35
Facebook meeting shows challenges ahead for proposed 'oversight board'
Facebook's new effort to bring outside experts into its content review process promises to be complicated and possibly contentious, if discussions this week at a meeting in Singapore are any indication.
Posted on : 2019-02-22 10:24:04
EU debates how and when to start trade talks with Trump
European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.
Posted on : 2019-02-22 10:06:46
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
Posted on : 2019-02-22 10:02:26
Chinese search giant Baidu beats on ad sales but streaming costs surge
Chinese search engine operator Baidu Inc beat market estimates for fourth-quarter revenue and profit on Thursday, as its core online marketing business stayed resilient and revenue surged in its Netflix-like streaming service iQiyi.
Posted on : 2019-02-22 09:59:23
Global Markets: Asia shares fall as weakening global outlook offsets trade progress
Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.
Posted on : 2019-02-22 09:35:38
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