Oil prices jumped more than 2 percent on Friday as Russia and the major Middle East producers in OPEC edged closer to an agreement to reduce output to try to drain inventories and support the market.
U.S. stock index futures pared nearly all losses on Friday after data showed a slowdown in November U.S. jobs growth, which could support expectations of fewer interest rate increases from the Federal Reserve in 2019.
Iran gave OPEC the green light on Friday to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an OPEC source said.
U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019.
U.S. President Donald Trump on Friday sounded an optimistic note about negotiations with China on trade issues, but did not offer any details in an early morning tweet, as major companies worried about how the arrest of a top Huawei executive would affect relations between Washington and Beijing.
Iran gave OPEC the green light on Friday to cut oil output by around 0.8 million barrels per day from 2019, an OPEC source said.
Monday is the end of former Nissan chairman Carlos Ghosn’s 22-day detention, having been held without charge since his arrest on suspicion of under-reporting compensation for five years following a whistleblower tip-off.
U.S. stock futures fell about 0.5 percent on Friday, sitting out a modest recovery in global markets, as investors awaited U.S. payrolls data amid fears that the economy is heading into a rough patch after years of solid growth.
The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology commissioner said on Friday.
French Finance Minister Bruno Le Maire said on Friday Chinese tech giant Huawei [HWT.UL] was welcome in France, though the government could block certain investments.
Brazilian planemaker Embraer said on Friday that it will appeal an injunction issued hours earlier blocking its proposed tie-up with Boeing , according to a securities filing.
Volkswagen on Friday said it can build up to 15 million electric cars using its new MEB vehicle platform, revealing the extent of the carmaker’s push to mass produce zero-emission vehicles.
At a closed-door security meeting of U.S. companies in Singapore on Thursday, one topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei [HWT.UL] and the potential backlash on American firms operating in China.
The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology commissioner said on Friday.
Russian Foreign Minister Sergei Lavrov said on Friday that the detention of Chinese technology giant Huawei’s chief financial officer in Canada was an example of “arrogant” U.S. policy abroad.
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