BP Plc is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.
Twitter been ramping up its purges of fake users, suspending 70 million …read more […]
Brazil’s state-run oil company Petróleo Brasileiro SA has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA, Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of a major global corruption investigation, involving numerous other firms that paid billions of dollars in bribes to win contracts with Petrobras in the last two decades. …read more […]
Twitter Inc suspended more than one million accounts a day in recent months to lessen the flow of misinformation on the platform, the Washington Post reported on Friday, citing data it obtained.
Jul.06 — Biogen Inc. and Japanese partner Eisai Co. surged after a closely watched Alzheimer’s drug showed positive results in a large clinical trial, raising hopes for treatment of a disease that’s befuddled researchers for decades. Bloomberg’s Drew Armstrong has more on “What’d You Miss?” …read more […]
U.S. stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute.
A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.
BEIJING/WASHINGTON (Reuters) – A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions. The escalating fight between the world’s two biggest economies meant that it could “take economic and political pain to get these two parties to the (negotiating) table,” said Scott Kennedy, head of China studies at the Center for Strategic and International Studies in Washington. President Donald Trump already is threatening additional rounds of tariffs, possibly targeting …read more […]
Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index. …read more […]
Companies seeking product exclusions from tariffs on Chinese goods imported into the United States will get 90 days to file such requests, until Oct 9, the U.S. Trade Representative’s office said on Friday.
With the United States and China finally formalizing tit-for-tat import tariffs, Wall Street is gearing up to dissect U.S. corporate earnings in the coming weeks for signs of a trade war impact and whether it will affect spending plans.
The S&P 500 and the Nasdaq rose to their highest levels in two weeks on Friday as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute.
BP Plc is in the lead to acquire the U.S. onshore shale assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.
A key decision on its only drug in development is on tap. …read more […]
German luxury automaker BMW said on Friday that it will be unable to “completely absorb” a new Chinese 25 percent tariff on imported U.S.-made models and will have to raise prices on the vehicles it makes in Spartanburg, South Carolina.
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