Disputes over U.S. President Donald Trump’s trade tariffs and their consequences are being escalated at the World Trade Organization, with 12 requests for adjudication shown on Friday in an agenda for the WTO’s Oct. 29 dispute settlement meeting.
Schlumberger NV’s third-quarter profit rose 18.2 percent on higher oilfield services demand and the company said it expects the current pipeline bottlenecks in the Permian basin to be addressed within the next 12 to 18 months.
Procter & Gamble Co reported better-than-expected first-quarter sales on Friday, boosted by strong demand for beauty and home care products.
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.
Honeywell International Inc reported better-than-expected quarterly profit on Friday and lifted its full-year forecasts for cash flow and margins, driven by strong sales of aircraft parts and warehouse automation products.
– Shares of electric carmaker up 1.6 pct at $268.21 premarket
The European Union was set to sign a trade deal with Singapore on Friday after talks with Asian leaders keen to push back against U.S. protectionism, but efforts to encourage China to drop state subsidies ran into resistance from Beijing.
Wroclaw’s hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Instead, he opted for his own room and bathroom in a newly built private residence.
With Ford Motor Co’s stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of third-quarter results.
China’s regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging.
The European Union will sign a trade agreement with Singapore on Friday, the highlight of a two-day meeting of 51 European and Asian leaders and a signal of the EU’s push for open market accords with Asian countries.
A final communique for the Europe-Asia leaders summit will not include language calling for an end to trade and market distorting measures by governments at China’s request, according to the latest draft and EU diplomats.
Investors sold Italian bonds and the euro on Friday, with Italy’s bond yield hitting four-year highs as the European Union called its draft budget an “unprecedented” breach of EU fiscal rules.
China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
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