Business & Finance News
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
U.S. stocks fell at open on Friday, with technology stocks leading losses as investors were skeptical that a U.S.-China deal would be reached before the March deadline, adding to nerves over slowing global growth.
American Media Inc, the owner of the National Enquirer, said on Friday it acted lawfully in its reporting on Jeff Bezos, chief executive of Amazon.com Inc, and that it would thoroughly investigate his claims of blackmail and take whatever action was necessary.
Sprint Corp sued AT&T Inc late on Thursday, saying it is misleading consumers into believing that they are using fifth generation wireless network, known as 5G, a technology that has not yet been widely deployed.
Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row.
Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.
Cryptocurrencies may be facing a prolonged bear market.
Boeing’s 747 jumbo jet, an aircraft that democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets, has bounced back from near death to mark its 50-year flying anniversary on Saturday, thanks to a cargo market boom fueled by online shopping.
Canadian private equity firm Brookfield Asset Management is in preliminary talks with India’s Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday.
Zsuzsanna Czeizel told herself she’d never work again after she retired in 2012. But since October, she’s held a job — scanning boxes of sweets in a large warehouse near Budapest.
Bank of America Merrill Lynch has named Sanaz Zaimi as head of its new European Union broker-dealer unit BofA Securities Europe, the U.S. bank said on Friday, as it steps up Brexit preparations.
Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week’s first-half results but calling for boardroom changes and better margins.
India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter said.
Germany’s Finance Minister Olaf Scholz said on Friday he was in talks with banks about their future and called reports of a merger of Deutsche Bank and Commerzbank “speculation”.
Global shares fell for a third straight day on Friday and were set to post their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row.
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