Month: December 2018

Ted Baker’s CEO and founder Ray Kelvin is to take a voluntary leave of absence while allegations about his conduct are investigated, the British fashion retailer said on Friday.

…read more […]

Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.

…read more […]

Brazilian planemaker Embraer said on Friday that it would appeal an injunction issued hours earlier blocking its proposed tie-up with Boeing , according to a securities filing.

…read more […]

The Brazilian government said on Friday that it will appeal an injunction blocking a proposed deal between planemakers Embraer and Boeing from going through.

…read more […]

Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market.

…read more […]

U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies.

…read more […]

Activist investor Elliott has taken a position in Germany’s Bayer , the latest in a string of investments in German companies, three people familiar with the matter told Reuters on Friday.

…read more […]

The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology chief said on Friday, echoing concerns raised elsewhere in the world.

…read more […]

White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top Huawei Technologies Co Ltd executive “are two separate events,” calling the timing of events a coincidence.

…read more […]

Virgin Atlantic said on Friday it was aiming to ensure its pre-Christmas flights went ahead as scheduled after hundreds of its pilots voted to strike from Dec. 22 until Dec. 25 in a dispute over union recognition.

…read more […]

OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.

…read more […]

OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.

…read more […]

Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday.

…read more […]

Bitcoin’s value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn’t the only aspect of trading that has changed.

…read more […]

Chinese tech giant Huawei [HWT.UL] denied on Friday that it posed a security risk, saying that it had never been told by any government to obtain covert access through so-called “backdoors”.

…read more […]