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BOJ holds policy, sticks to modest economic growth view despite trade perils
The Bank of Japan kept monetary policy steady on Wednesday and maintained its view the economy will continue to expand modestly, even as escalating global trade frictions threaten to chill growth.
Posted on : 2018-09-19 08:46:51
Exclusive: CBI scrutinizes India's largest law firm Cyril Amarchand in PNB fraud investigation after documents moved
India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM's premises in February, a lawyer representing the government and a police source told Reuters.
Posted on : 2018-09-19 08:18:24
Oil prices fall amid surprise growth in U.S. crude stocks
Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in U.S. crude stockpiles.
Posted on : 2018-09-19 06:36:50
Stocks, U.S. bond yields rise as trade row fails to dent confidence
Asian stocks rose and U.S. Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the U.S.-China trade conflict, seen by some market participants as less severe than expected.
Posted on : 2018-09-19 06:28:26
China will use trade war with U.S. to replace imports - state media
China is not afraid of "extreme measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said.
Posted on : 2018-09-19 06:13:32
Exclusive - Indian police scrutinize major law firm in PNB fraud probe after documents moved
India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank from CAM's premises in February, a lawyer representing the government and a police source told Reuters.
Posted on : 2018-09-19 04:43:11
U.S. senators seek punishment if China's ZTE violates deal
Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China's ZTE Corp if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company.
Posted on : 2018-09-19 04:37:06
Why is Japan's monetary policy so unpopular with banks?
Japan's central bank has been pursuing quantitative easing for the past five years to spur consumption in the world's third largest economy, but its policies have also made it unpopular with banks due to pressure on their earnings.
Posted on : 2018-09-19 03:42:03
Wall Street bounces back as investors shrug off trade tensions
Wall Street rebounded on Tuesday in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.
Posted on : 2018-09-19 02:39:23
Stocks rise as no harm seen in trade row, dollar gains
Global equity markets rallied on Tuesday as the latest tit-for-tat U.S.-Chinese trade dispute was seen as barely denting world growth, while U.S. Treasury yields rose in anticipation the Federal Reserve will hike interest rates this year and next.
Posted on : 2018-09-19 02:09:13
U.S. Justice Department probes Musk statement on taking Tesla private
Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric carmaker private, the latest and biggest threat to Musk and his leadership of the electric car maker.
Posted on : 2018-09-19 01:13:06
Oil gains 1 percent on signs OPEC not prepared to boost output
Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signalled an informal target near current levels.
Posted on : 2018-09-19 00:59:04
U.S. senators seek 'painful' punishment if China's ZTE violates deal
Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China's ZTE Corp if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company.
Posted on : 2018-09-19 00:33:01
Wall Street rebounds in the face of heated trade row
Wall Street bounced back on Tuesday, led by gains in consumer discretionary, technology and industrial stocks as investors shrugged off escalating trade rhetoric between the United States and China.
Posted on : 2018-09-19 00:21:22
SeaWorld, ex-CEO settle SEC charges they hid 'Blackfish' impact
SeaWorld Entertainment Inc and former Chief Executive James Atchison will pay more than $5 million to settle U.S. Securities and Exchange Commission charges that they misled investors about the negative impact of the documentary "Blackfish" on the company.
Posted on : 2018-09-18 23:52:41
Marsh & McLennan to pay $5.7 billion for British insurance broker JLT
Marsh & McLennan Cos Inc has agreed to buy British rival Jardine Lloyd Thompson for $5.7 billion as the world's biggest insurance broker looks to expand its global presence and increase its focus on faster-growing niche insurance areas.
Posted on : 2018-09-18 23:47:03
India could offer incentives for exports of 5 million tonnes of sugar: sources
India is likely to consider on Wednesday a proposal to get mills to export 5 million tonnes of sugar by incentivising overseas sales in the 2018/19 season, two government officials said.
Posted on : 2018-09-18 23:44:58
Exclusive: Qualcomm prepares to add new board directors - sources
Qualcomm Inc is preparing at add at least two new directors to its board, people familiar with the matter told Reuters, as the U.S. smartphone chip maker looks to appease shareholders who withheld voting support for its board last March.
Posted on : 2018-09-18 23:31:23
U.S. DoJ requests documents related to Musk statement on taking Tesla private
Tesla Inc said on Tuesday it received a request for documents from the U.S. Department of Justice over Chief Executive Elon Musk's public statements in August about taking the electric carmaker private.
Posted on : 2018-09-18 23:30:06
Ferrari plans 15 new models, SUV to deliver earnings growth
Ferrari plans 15 new models, including hybrids, a utility vehicle and special editions in its drive to hit a softened but still exacting mid-term earnings target.
Posted on : 2018-09-18 23:27:35
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