Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
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Indian low-cost carrier SpiceJet Ltd may consider taking some of the Boeing 737 MAX planes that were due to be delivered to now bankrupt Jet Airways but are still sitting in Seattle, its chairman said on Friday.
Top news and what to watch in the markets on Friday, October 4, 2019. …read more […]
Global stocks were slightly higher on Friday, clawing back some ground lost in their worst week for months, and safe haven assets rose ahead of a key jobs report as investors hoped this week’s dismal data would trigger more U.S. interest rate cuts.
A look at the shareholders of GlaxoSmithKline plc (LON:GSK) can tell us which group is most powerful. Large companies… …read more […]
Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Bernard Looney, boss of oil and gas production at BP , will take over from Bob Dudley as chief executive next year.
Royal Dutch Shell has promoted its current Australia chief, Zoe Yujnovich, to the role of executive vice president for conventional oil and gas from Jan. 1, based in the group’s headquarters in The Hague, Shell Australia said on Friday.
British department stores group John Lewis has told shopping centers landlords it will withhold 20% of this quarter’s service charge as it seeks to cut costs, it said on Friday.
The European Union is likely to take retaliatory measures in response to new U.S. tariffs on European goods, German Foreign Minister Heiko Maas told newspapers in remarks published on Friday.
BP on Friday appointed head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year after leading the oil and gas company back to growth from near collapse in 2010.
“Slightly lower dollar, some adjustments in market positioning ahead of the weekend and expectations of Fed rate cuts are supporting Asian currencies,” said Irene Cheung, a senior strategist for Asia at ANZ Banking Group (Singapore). “With markets already fully loaded for an October FOMC (Federal Open Market Committee) rate cut, it may require an outsized positive surprise from the NFP (non-farm payroll) numbers to shake out the very short-term dollar bears,” OCBC said in a note. India’s rupee gained marginally, showing little reaction to a 25 basis point rate cut that was in line with expectations. …read more […]
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