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World Gold Council warns India against curbs on gold imports
India should not tamper with its gold import duty or impose other restrictions to support the rupee, the World Gold Council said on Wednesday, as the government considers ways to cut "non-necessary" imports to stem an outflow of dollars.
Posted on : 2018-09-19 11:25:24
China's Tencent Music halves U.S. IPO to $2 billion - sources
Tencent Music Entertainment Group, China's biggest music-streaming company, has halved the amount it is seeking to raise in a U.S. listing to about $2 billion, according to three people close to the deal.
Posted on : 2018-09-19 11:12:26
Asian stocks rise as stimulus hopes lift Chinese stocks amid trade row
Asian stocks rose across the board on Wednesday as expectations that Beijing would implement stimulus to soften the economic blow from the Sino-U.S. trade war helped Chinese shares rally.
Posted on : 2018-09-19 11:10:04
Insight: Inside China's strategy in the soybean trade war
The executive from one of China's biggest soybean crushers sat on a panel at a Kansas City agricultural exports conference, listening to an expert beside him explain why China would remain dependent on U.S. soybeans to feed its massive hog herds.
Posted on : 2018-09-19 10:57:23
Danske Bank set to shed light on Russian money flows to Europe
Danske Bank will on Wednesday lift the lid on how billions of euros from Russia and ex-Soviet states flowed through its accounts in Estonia, the latest scandal to highlight Europe's inability to tackle alleged money-laundering.
Posted on : 2018-09-19 10:44:57
Gold fades as dollar regains safe-haven appeal, U.S. Treasuries rise
Gold prices turned negative on Tuesday as the dollar strengthened following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose, helping boost the dollar but pressuring gold.
Posted on : 2018-09-19 10:42:53
Exclusive: India considers raising import duty on steel to support rupee - document
India's steel ministry has proposed increasing the effective import duty on some steel products to 15 percent from current rates ranging from 5 percent to 12.5 percent, according to two sources and a government document reviewed by Reuters, as the country looks to support the rupee.
Posted on : 2018-09-19 10:23:37
Amazon says launches in Turkey
Amazon.com Inc said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country.
Posted on : 2018-09-19 10:22:35
BOJ sanguine about economic outlook as exports firm, but trade risks grow
Japan's exports rose in August and its central bank kept its view the economy was expanding modestly, but policy makers and analysts warned of risks to the outlook from a U.S.-led trade war that some fear could chill global investment and growth.
Posted on : 2018-09-19 10:15:11
China's Premier Li says unilateral trade actions will not resolve problems
China's Premier Li Keqiang said on Wednesday that multi-lateralism should be upheld, and that unilateral trade actions will not solve any problems.
Posted on : 2018-09-19 09:51:52
Oil prices steady as concerns about producer output outweigh U.S. stockpile gain
Oil prices were steady on Wednesday as concerns that producers will not be able to respond to a shortfall in supply once U.S. sanctions on Iran are enacted outweighed a gain in stockpiles in the United States, the world's biggest oil user.
Posted on : 2018-09-19 09:48:37
Asian firms' confidence sinks to near three-year low on trade war fears - Thomson Reuters/INSEAD survey
Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
Posted on : 2018-09-19 09:41:24
China will boost effective investment but not rely on it to spur growth - Premier Li
China will boost effective investment but will not rely on investment to spur economic growth, Premier Li Keqiang said on Wednesday.
Posted on : 2018-09-19 09:26:28
Asian stocks, U.S. Treasury yields climb as trade row fails to dent confidence
Asian stocks rose across the board and long-term U.S. Treasury yields hovered near four-month highs on Wednesday with investors looking past the latest escalation in the U.S.-China trade feud, seen by some market participants as less severe than expected.
Posted on : 2018-09-19 08:55:10
Explainer: 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 08:53:55
Asian firms' confidence sinks to near three-year low on trade war fears - Thomson Reuters/INSEAD poll
Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
Posted on : 2018-09-19 08:53:05
Japan exports rise as U.S.-bound shipments grow amid trade war fears
Japan's export growth accelerated in August from the previous month supported by stronger shipments to the United States, a sign the escalating trade friction between the Washington and Beijing has yet to hit Japanese trade.
Posted on : 2018-09-19 08:49:35
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
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