Oil prices on Friday were set for their biggest weekly gains since early July, boosted by a decline in U.S inventories and a looming hurricane in Florida, while new signs of trade talks between the United States and China emerged.
U.S. electric vehicles maker Tesla Inc said on Friday it had raised prices for some vehicles in China, a decision that comes as the Chinese yuan trades at its weakest levels in more than 10 years.
Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.
Asian shares jumped to a one-week high on Friday as the United States and China returned to the negotiating table to resolve their tariff dispute and on hopes central banks and governments will do more to avert a global growth slowdown.
A feud between two South Korean battery makers escalated on Friday as SK Innovation Co Ltd said it plans to sue bigger rival LG Chem Ltd in the United States over alleged patent infringement related to electric vehicles (EV).
Oil took a breather on Friday after three days of solid gains, but was set for its strongest week since early July, boosted by a decline in U.S inventories and a looming hurricane in Florida, while new signs of trade talks emerged.
Oil prices eased on Friday after three days of gains, with concerns about the state of the global economy amid the U.S.-China trade war keeping prices in check.
South Korean battery maker SK Innovation Co Ltd on Friday said it plans to sue compatriot LG Chem Ltd and its U.S. subsidiary in the United States over alleged patent infringement related to electric vehicle (EV) batteries.
Asian shares ticked higher on Friday as China struck a hopeful tone on trade with the United States but continued fears about a global growth slowdown, or even a recession, capped sharp rallies.
Ratings agency Standard & Poor’s said on Thursday that Argentina’s decision to “unilaterally” extend maturities on its short-term debt constituted a “default,” and warned that the country’s local and foreign currency sovereign credit ratings were now in “selective default.”
The United States and China gave signs on Thursday that they will resume trade talks as the two economic superpowers discussed the next round of in-person negotiations in September ahead of a looming deadline for additional U.S. tariffs.
Dell Technologies Inc beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company’s shares up 9% in extended trading.
Waymo, the self-driving car unit of Google parent Alphabet Inc, on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to “promptly” remove regulatory barriers for cars without steering wheels and brake pedals.
A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business.
The U.S. Securities and Exchange Commission said on Thursday that it had fined and settled with California-based Juniper Networks, Inc. more than $11.7 mln to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA).
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