U.S. stocks opened slightly higher on Friday after encouraging economic data, but were still pressured by worries over slowing global growth and the threat of a U.S. government shutdown.
Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions have paralyzed banking systems required to secure payments, industry and Iranian government sources say.
The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in November.
U.S. stock futures were slightly lower on Friday, cutting earlier losses after encouraging economic data, but were still pressured by worries over slowing global growth and the threat of a U.S. government shutdown.
The pace of U.S. vehicle sales is set to slow for the sixth straight month in December despite aggressive discounts from manufacturers, according to industry consultants J.D. Power and LMC Automotive.
The U.S. economy slowed in the third quarter a bit more than previously estimated, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter.
U.S. stock futures cut losses and even edged marginally higher on Friday after data showed third-quarter economic growth was revised lower, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector.
A Paris court on Friday fined French oil group Total 500,000 euros for bribing foreign public officials in a case related to contracts in Iran in 1997.
Ford Motor Co said Friday it is recalling 874,000 pickup trucks in North America with engine block heaters for fire risks.
A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market.
Japan’s Mitsui & Co Ltd , Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters.
Models testing fashion brands like Adidas, Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back.
The German food retailer Kaufland on Friday said that it was dropping Unilever products from its shelves to protest against price increases.
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