Asian shares rocketed to three-week highs on Friday while the dollar softened on a report that U.S. President Donald Trump is taking steps to resolve a damaging trade war with China that has cast a pall over the global economy and financial markets recently.
Asian shares jumped to three-week highs on Friday and U.S. equity futures rebounded on a report that U.S. President Donald Trump has asked officials to draft terms for a potential trade deal with China following a phone call with leader Xi Jinping.
U.S. job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.
Asian shares jumped on Friday after a phone call between the U.S. and Chinese presidents raised hopes of a thaw in trade tensions, but gains were checked by signs of slowing global growth and a warning from tech giant Apple Inc on holiday sales.
First Apple Inc took away the headphone jack on its iPhones. Then it took away the home button.
Asian equity markets rose on Friday as China and the United States expressed optimism about resolving their bruising trade war, though a warning from tech giant Apple Inc on holiday sales amid emerging market weakness could weigh on technology shares.
BMW is expanding its car-sharing service DriveNow into five more London boroughs as the carmaker overcomes some of the barriers to operating across the city where firms need to strike agreements with separate local authorities.
Britain’s biggest carmaker Jaguar Land Rover (JLR) will create 100 jobs with a new technical engineering office in Hungary to allow for close collaboration with suppliers in central and Eastern Europe, the firm said on Friday.
Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets and foreign exchange costs.
A federal judge on Thursday dismissed the central claim in lawsuits accusing five food producers and retailers of deceiving consumers by using “100% Grated Parmesan Cheese” labels to describe products that contained cellulose, an anti-clumping agent made from wood pulp.
The U.S. Court of Appeals for the Federal Circuit on Thursday upheld a lower court ruling that Sunoco not be allowed to claim $1 billion in alcohol fuel mixture credits on its federal excise tax returns, the U.S. Justice Department said.
AT&T Inc’s WarnerMedia has accused the U.S. Department of Justice of “collaborating” with Dish Network Corp in a high profile dispute over carrying HBO and Cinemax.
Canada’s auto sales slid for the seventh straight month in October as demand for new cars waned with rising interest rates.
Thousands of Google employees around the world briefly walked off their jobs on Thursday to protest the company’s response to sexual harassment and demand that the world’s largest search engine address rising concerns about workplace inequality.
U.S. stocks rose for a third straight session on Thursday as President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.
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