Gold falls by ₹145 on weak global trends, strong rupee

Gold prices on Friday declined ₹145 to ₹38,925 per 10 gram in the national capital on weak global trends and a strong rupee, as per HDFC Securities.

On Thursday, the precious metal had closed at ₹39,070 per 10 gram.

“Spot gold price for 24 Karat in Delhi was trading down by ₹145 to ₹38,925 on weak global prices and a stronger rupee. The spot rupee was trading 5 paise stronger against the dollar during the day,” HDFC Securities Senior Analyst – Commodities, Tapan Patel said.

Silver also lost ground and fell by ₹315 to ₹46,325 per kg from the previous close of ₹46,640 per kg.

In the international market, gold was ruling lower at USD 1,488 an ounce and silver at USD 17.46 per ounce.

“The international gold prices traded lower on easing worries over Brexit deal,” he added.

Spain olive industry hit by US tariffs on EU products

New US tariffs affecting $7.5bn worth of European products have just come into effect in response to what Washington calls illegal EU subsidies for aircraft manufacturer Airbus

New US tariffs affecting $7.5bn worth of European products have just come into effect.

This is in response to what Washington calls illegal European Union subsidies for aircraft manufacturer Airbus.

But the repercussions are being felt beyond the aviation industry including in Spain, where thousands of families depend on olive oil exports for their livelihoods.

Al Jazeera’s Charlie Angela has more.

ManpowerGroup stock falls after revenue miss, downbeat profit outlook

Shares of ManpowerGroup MAN, +2.13% shed 2.1% in premarket trading Friday, after the provider of workforce services reported third-quarter revenue that missed expectations, and provided a fourth-quarter profit outlook that was below forecasts. Net income fell to $146.1 million, or $2.42 a share, from $158.0 million, or $2.43 a share, in the same period a year ago. The results included an accounting gain related to the July 10 initial public offering on the Hong Kong Stock Exchange of a joint venture in China. The FactSet consensus for net earnings per share was $1.94. Revenue fell 3.1% to $5.25 billion, below the FactSet consensus of $5.33 billion, as Americas revenue rose 2.0%, Southern Europe revenue fell 5.4% and Northern Europe revenue dropped 10.1%. The company expects fourth-quarter EPS of $2.00 to $2.08, below the FactSet consensus for net EPS of $2.17. "The global economic environment continues to be uncertain, leading to uneven market conditions as economic growth slows but labor markets remain tight and skills shortages high," said Chief Executive Jonas Prising. The stock has lost 4.8% over the past three months through Thursday, while the S&P 500 SPX, +0.28% has edged up 0.1%.

Argentineans mark day of loyalty to former leader Juan Peron

This year’s celebrations had a special meaning: The Peronist party is making a strong bid to return to power, led by Alberto Fernandez and former President Cristina Kirchner.

Argentineans have been marking a day of loyalty to their former leader, Juan Peron, and his wife Eva.

This year’s celebrations had a special meaning: The Peronist party is making a strong bid to return to power, led by Alberto Fernandez and former President Cristina Kirchner.

Al Jazeera’s Teresa Bo reports from La Pampa.

Five More States Approve Centene’s Acquisition Of WellCare – Quick Facts

Centene Corp. (CNC) and WellCare Health Plans, Inc. (WCG) announced Friday that the insurance departments of Arizona, Connecticut, Georgia, Ohio and Texas have now also approved Centene’s pending acquisition of WellCare, bringing the total number of states to approve the transaction to 24.

Completion of the transaction remains subject to clearance under the Hart-Scott-Rodino Act, receipt of the remaining required state regulatory approvals and other customary closing conditions.

In March 2019, Centene agreed to acquire WellCare in a cash and stock transaction for $305.39 per share for a total enterprise value of $17.3 billion to create a premier healthcare enterprise focused on government-sponsored healthcare programs and a leader in Medicaid, Medicare and the Health Insurance Marketplace.

Centene and WellCare continue to expect that the acquisition will be completed by the first half of 2020.

UK's SFO to bring no further charges after Libor manipulation probe

Oct 18 (Reuters) – The United Kingdom’s Serious Fraud Office said on Friday it had concluded its investigation into Libor interest rate rigging and would bring no further charges. (bit.ly/2ML2KQ4)

The London interbank offered rate (Libor) rigging scandal that unfolded in 2012 led to billions of dollars in fines for major banks and jail sentences for traders convicted of manipulating the benchmark for profit.

White House says ceasefire will 'takes time' at Syria-Turkey border

WASHINGTON (Reuters) – Implementing a ceasefire will take time, a White House spokeswoman said on Friday as machine-gun fire, shelling and smoke were observed at the Syria-Turkey border one day after top U.S. officials announced a truce.

Asked about the fighting in the region despite the pause agreement, White House spokeswoman Stephanie Grisham told Fox News in an interview that the U.S. delegation was “successful in a ceasefire, but that takes time”, adding that she would not discuss operations on the ground.

Ukraine parliament passes provisional budget for next year

KIEV (Reuters) – Ukraine’s parliament approved the government’s budget for next year at the first reading on Friday, a step that is required for the International Monetary Fund to approve a new loan deal for the country.

The government’s budget draft currently sees the budget deficit at 2.09% of gross domestic product, economic growth at 3.3% and inflation at 6%. The draft will be examined by a parliamentary committee before being voted on a second time.