Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories.
SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than the usual range, pegging the share sale at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing.
An optional warning light could have alerted engineers about mechanical faults on Lion Air’s Boeing 737 MAX jet that crashed last month, experts said, sparking an industry debate over whether installing the system should become mandatory.
A police raid of Deutsche Bank is continuing on Friday for a second day over money laundering allegations linked to the “Panama Papers”, a spokeswoman for the Frankfurt prosecutor’s office said.
With sluggish growth translating into the most disappointing earnings in years, European stocks are set for a tough ride if a full blown Sino-U.S. trade war erupts following Presidents Donald Trump and Xi Jinping’s G20 dinner on Saturday.
Japanese Prime Minister Shinzo Abe and French President Emmanuel Macron were arranging to meet on the sidelines of the G20 summit meeting, media said, amid signs of a brewing diplomatic feud over the power balance at the troubled Renault-Nissan alliance.
SoftBank Corp has set an indicative price of 1,500 yen ($13.23) per share for its IPO, a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.
A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war.
The leaders of Mexico, Canada and the United States were due to sign a North American trade pact on Friday, although brinkmanship over the final details of the deal continued through the eve of the signing.
Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check.
Growth in China’s vast manufacturing sector stalled for the first time in over two years in November as new orders slowed, piling pressure on Beijing ahead of crucial trade talks between Presidents Xi Jinping and Donald Trump this weekend.
Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year.
Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check.
China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must be “fair minded” if it wants to defuse spiraling tensions.
In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp’s deal to buy insurer Aetna Inc , which closed earlier this week, during a routine portion of the legal process.
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