Business News
Danske Dank reported to police for overcharging customers: regulator
Denmark’s Financial Supervisory Authority (FSA) has reported Danske Bank to the police for overcharging customers, the financial watchdog said on Friday.
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Business News
Stock futures rise on U.S.-China trade optimism
U.S. stocks index futures rose on Friday, as investors took comfort from signals that the United States and China will resume trade talks.
Business News
Campbell Soup reports 2% rise in sales
U.S. food company Campbell Soup Co said on Friday quarterly sales rose 2%, helped by demand for its soups and snacks.
Business News
Exclusive: Saudi Aramco board sees too many risks for New York IPO – sources
By Rania El Gamal, Alex Lawler, Marwa Rashad and Hadeel Al Sayegh
Business News
China will exempt 16 Tesla models from purchase tax
China will exempt 16 Tesla Inc electric vehicle (EV) models from purchase tax, the Ministry of Industry and Information Technology said in a statement on its website.
Business News
Disabled workers chase ‘dream jobs’ in tight U.S. labor market
Megan Helsel, a kayaking wildlife specialist, has her dream job, and T’angelo Magee is making headway toward his, a commercial pilot. Both say work is central to their identity. Both are disabled.
Business News
Boeing aims to strengthen engineering oversight after panel review
Boeing Co needs to reorganize its engineering reporting lines company-wide and ensure higher ranking officials, including its CEO, get faster feedback about potential safety concerns from lower levels of the company, according to an internal review at the U.S. planemaker following two recent fatal crashes.
Business News
Global stocks scale one-week high on trade hopes, yuan softens
World stocks rose to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China’s yuan softening again, on track for its weakest month in 2-1/2 decades.
Business News
Oil prices fall but set for big weekly gain as trade dispute rhetoric eases
Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric.
Business News
Malaysia’s AirAsia cuts Airbus A330neo order plans, adds A321XLR
Malaysia’s flagship budget airline AirAsia Group Bhd slashed its plans for Airbus SE A330neo orders by nearly two-thirds to 12, but said it would order 30 of the new long-range A321XLR narrowbodies.
Business News
Toyota won’t build cars at UK factory the day after Brexit
Japan’s Toyota will not build cars at its British factory the day after Britain leaves the European Union as part of plans to handle any disruption from a potentially disorderly Brexit.
Business News
Malaysia’s AirAsia cuts Airbus A330neo order plans but adds A321XLR
Malaysia’s flagship budget airline AirAsia Group Bhd on Friday cut its plans for Airbus SE A330neo orders by nearly two-thirds to 12, as it firmed up an order, but said it would also order 30 of the new long-range A321XLR narrowbodies.
Business News
Month of bond market milestones: How low can you go?
August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory.
Business News
China, U.S. trade negotiating teams maintaining ‘effective communication’: China
Chinese and U.S. trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday at a daily news briefing in Beijing.
Business News
Oil prices fall but set for big weekly gain on trade dispute hopes
Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric.