Yellow metal loses shine as markets await US healthcare vote

Gold futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued safe-haven demand on firm US dollar as traders waited to see if US President Trump will face hurdles on his economic agenda after US lawmakers delayed a vote on healthcare bill.

Trump will get a second chance to tr

Investors shed euro zone bonds on further signs of economic strength

By Abhinav Ramnarayan

LONDON  - Investors sold euro zone government bonds on Friday as reports on private-sector activity in the bloc provided further signals of economic growth, strengthening the case for a withdrawal of monetary stimulus.

Despite uncertainty over a delayed U.S. healthcare vote that may have implications for the "Trumpflation"

Asian currencies inch lower, focus on U.S. healthcare vote

By Masayuki Kitano

SINGAPORE  - Most Asian currencies were steady to slightly lower on Friday, ahead of a U.S. vote on a healthcare bill that is seen as a gauge of the Trump administration's ability to implement its policy goals.

U.S. President Donald Trump's struggles to secure passage of the bill have stirred renewed concern about possible del

All drill, no frack: U.S. shale leaves thousands of wells unfinished

By Devika Krishna Kumar

NEW YORK  - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.

Rising U.S. shale output has rattled OPEC's most influential exporter S

Toshiba banks push for quick Westinghouse bankruptcy filing - Nikkei

TOKYO  - Toshiba Corp's main lenders are asking it to submit a bankruptcy filing for U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources.

Such a move would pile further pressure on the embattled conglomerate to make a quick decision over a Chapter 11 filing after Finance

Samsung Elec rejects calls for holding company structure, for now

By Se Young Lee

SEOUL  - Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.

Investors had expected the global leader in smartphones and memory chips to adopt a holding company structure, as th

Donald Trump preparing orders to review trade deals, procurement - officials

By David Lawder and David Shepardson

WASHINGTON  - The Trump administration is preparing new executive orders to re-examine all 14 U.S. free trade agreements and review government procurement policies to aid American companies, two administration officials said.

The North American Free Trade Agreement (NAFTA) with Mexico and Canada will top the list of

Tata Consultancy says plans to step up local hiring in U.S.

By Elias Glenn

BOAO, China - India's top software services exporter Tata Consultancy Services will step up local hiring in the United States and has no plans to cut investments there as it continues to expect robust growth from its biggest overseas market.

"In the last four or five years, we have been recruiting heavily in the U.S.," Girish Ram

Oil up from four-month lows, inventories curb recovery

By Edmund Blair

LONDON - Oil prices climbed off four-month lows on Thursday but the recovery was cautious with investors fretting that OPEC-led supply cuts were not yet reducing record U.S. crude inventories.

Brent crude, the international benchmark for oil, was trading at $50.84 a barrel by 0915 GMT, up 20 cents on the day and rebounding from Wednesday'

European shares slip as investors stay cautious over Trump plans

MILAN - European shares fell in early trade on Thursday as investors assessed the risks to Donald Trump's stimulus plans, just before a vote in the U.S. Congress on his healthcare bill.

By 0822 GMT, the pan-European STOXX 600 index was down 0.1 percent, following slight losses in the previous session. Britain's FTSE fell 0.2 percent.

The U.S. vote, w

Starbucks to add 240,000 jobs worldwide by 2021

US coffeehouse chain, Starbucks has planned to hire 240,000 more people globally by 2021, including 68,000 jobs in America, the media reported.

The company announced its plans for a hiring spree at its annual shareholders meeting on Wednesday, CNN reported. 

It marks the final shareholder event that Howard Schultz will attend as CEO before being replaced by Kevin Johnso

Taiwan unveils US$29 billion stimulus amid uncertainty over U.S., China

By Faith Hung and Jeanny Kao

TAIPEI  - Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China.

Taiwan's trade-reliant economy is showing signs of recovery, but it is highly vulnerable to protectionis

Cabinet apprised of Indo-US cyber security pact

The Cabinet has been apprised of the cyber security agreement between Indian security watchdog CERT-In and the US Homeland Security Department. "The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of the memorandum of understanding (MoU) signed between the Indian Computer Emergency Response Team (CERT-ln)... and the US Homeland Security Department on cooperation in

U.S. shares recover after downturn; gold rallies

By Sam Forgione

NEW YORK  - U.S. shares recovered from five-week lows on Wednesday following a downturn on concerns over potential delays to President Donald Trump's pro-growth policies, while European shares ended lower and safe-haven gold, U.S. Treasuries, and the yen rallied on those worries.

The benchmark U.S. S&P 500 stock index notched its

China values trade with South Korea, will continue to abide by WTO rules

BEIJING  - China values trade with South Korea, and will continue to abide by World Trade Organisation (WTO) rules, the commerce ministry said at its regular briefing on Thursday.

South Korea has complained to the WTO about Chinese retaliation against South Korean companies over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) anti-missile d

Oil bounces off November lows, but bloated US stockpiles pressure market

By Henning Gloystein

SINGAPORE - Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

Brent crude futures, the international benchmark for oil, were at $50.82 per barrel at 0807 GMT, up 18 cents,

Shareholders urge Akzo to negotiate with suitor PPG

By Thomas Escritt and Toby Sterling

AMSTERDAM  - Shareholders piled pressure on Dutch paint maker Akzo Nobel  to open talks with U.S. rival PPG Industries  on Wednesday after Akzo rejected a revised 22.7 billion euro takeover offer as too low, too risky and a bad fit culturally.

With Akzo insisting that the interests of staff and investors wer

China's ZTE Corp pleads guilty in U.S. court in sanctions case

By Karen Freifeld

NEW YORK  - Chinese telecom equipment maker ZTE Corp  on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.

The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 mil

North Korean missile launch fails - U.S. military says

By Ju-min Park

SEOUL, March 22  - A North Korean missile appeared to have exploded on Wednesday just after it was launched, the U.S. and South Korean militaries said after detecting the latest in a series of weapons tests by the nuclear-armed state that have alarmed the region.

The launch attempt was made from near the city of Wonsan, on North Korea'

U.S. bans Divi's factory, shares hit 3-year low

MUMBAI- U.S. health regulators have banned a drug production site in India belonging to Divi's Laboratories Ltd  due to manufacturing violations, sending the company's shares down to a near three-year low on Wednesday.

This comes at a time when an increasingly protectionist stance by U.S. President Donald Trump is threatening to make the operating environ

Rupee tumbles 19 paise against greenback

The Indian rupee fell sharply against its US counterpart on Wednesday amid fund outflows by foreign funds and importers due to fresh demand for the American currency. Adding to it, weakness in global equity market also weighed on home currency movement. The equity markets tumbled amid fading hopes that the Trump government will deliver its tax cuts promises.

At the Interbank Foreign E

India tries to fix Iran trade payments as Trump hardens line

By Nidhi Verma and Manoj Kumar

NEW DELHI  - India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.

U.S. President Donald Trump has denounced an agreement between I

Asia firms' confidence hits near 2-year high on U.S., China pick-up - Thomson Reuters/INSEAD

By Yawen Chen and Ryan Woo

BEIJING  - Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.

The Thomson Reuters/INSEAD Asian Business Sentiment

Japan February exports jump, surplus with U.S. raises fears of trade tensions

By Tetsushi Kajimoto

TOKYO - Japan's exports grew the most in more than two years in February, rebounding from a Lunar New Year slowdown in January, as a widening trade surplus with the United States potentially raises tensions in the face of rising U.S. protectionism.

Annual export growth of 11.3 percent topped a 10.6 percent increase expected by econom

Rumors that hedge fund Elliott has bought Hyundai Motor stake not true - source

SEOUL - Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea's Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday.

Hyundai shares rose 8.6 percent on Tuesday after touching their highest level in 22 months on hopes that the broader Hyundai Motor Group will reorganise its owne