[ad_1] WASHINGTON (Reuters) – U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to
Oil prices rise on Iran tensions, OPEC output cuts
[ad_1] NEW YORK (Reuters) – Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally. FILE
India considering relaxing foreign investment rules for several sectors
[ad_1] NEW DELHI (Reuters) – The Indian government on Friday said it will consider further liberalizing foreign direct investment (FDI) rules in certain sectors, part of its efforts to make Asia’s third-largest economy a more
Brent oil rises on Iran tensions and OPEC, U.S. crude slips
[ad_1] NEW YORK (Reuters) – Brent oil prices edged up on Friday, supported by tensions over Iran and a decision by OPEC and its allies to extend an output supply cut deal until next year,
India plans $10 billion bank recapitalisation, help for shadow lenders
[ad_1] MUMBAI/NEW DELHI (Reuters) – The Indian government on Friday announced a fresh capital infusion of about $10 billion into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost
Exit of Deutsche Bank’s investment bank chief marks end of era
[ad_1] FRANKFURT (Reuters) – The head of Deutsche Bank’s investment bank agreed to step down on Friday in a sign of the division’s waning influence as Germany’s largest lender prepares a multi-billion dollar restructuring aimed
India’s cautious budget puts onus on RBI to spur growth
[ad_1] NEW DELHI (Reuters) – The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging economy, adding to pressure on
South Africa’s Ramaphosa: U.S.-China trade war born from jealousy
[ad_1] FILE PHOTO: Zimbabwe’s President Emmerson Mnangagwa arrives for the inauguration of Cyril Ramaphosa as South African president, at Loftus Versfeld stadium in Pretoria, South Africa, May 25, 2019. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) –
Indian banks’ loans rose 12% year-on-year in two weeks to June 21: RBI
[ad_1] A cashier stacks Indian currency notes inside a bank in Chandigarh, India, November 19, 2016. REUTERS/Ajay Verma/File Photo BENGALURU (Reuters) – Indian banks’ loans rose 12% in the two weeks ended June 21 from
BMW seeks new CEO after Krueger announces 2020 retirement
[ad_1] FRANKFURT (Reuters) – BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another