Wall St set to open higher ahead Trump’s budget plan

By Tanya Agrawal Undated, May 23 : U.S. stocks looked set to open higher on Tuesday, shrugging off a deadly bomb blast in Britain and ahead of U.S. President Donald Trump’s first full budget plan that is aimed at slashing government spending and trimming the deficit. Trump is set to propose a raft of politically […]

Manchester attack, election polls put sterling on defensive

By Ritvik Carvalho LONDON, May 23 : Sterling slipped against the dollar on Tuesday, with a suicide bombing in the English city of Manchester and concerns over the ruling Conservative Party’s campaign for next month’s election putting the currency on the defensive. The pound fell as low as $1.2954 in morning trade in London, down […]

Oil firm on expected cut extension, but economic slowdown weighs

By Henning Gloystein SINGAPORE, May 23 : Oil prices were firm on Tuesday on the expectation that an OPEC-led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets. Brent crude futures at 0019 GMT were up 3 cents from their last close at […]

Britain’s FTSE recovers, set for fourth straight week of gains

By Helen Reid LONDON, May 19 : Britain’s major share index recovered on Friday after a pullback in the previous session, marching towards its fourth straight week of gains as investors focused on underlying earnings growth and better economic data. The FTSE 100 was up 0.5 percent by 0900 GMT, on track for its fourth […]