Business & Finance News
U.S. stock index futures jumped on Friday after China said it will hold a fresh round of trade talks with the United States and ahead of, what is expected to be, a healthy U.S. employment report.
World stock markets rallied on Friday after China’s central bank moved to support its slowing economy, Chinese services data pointed to positive growth, and Beijing announced a new round of trade talks with Washington.
The U.S. Federal Trade Commission’s antitrust case accusing Qualcomm Inc of abusing a monopoly on mobile chip technology is expected to head to the courtroom on Friday for a trial whose outcome could have a major impact on the smartphone industry.
Marriott International Inc said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected.
China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown.
Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support.
There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of five internal audits seen by Reuters.
China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year — freeing up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown.
U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy’s health that have roiled financial markets.
World stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down.
Oil rose toward $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices.
China’s central bank said on Friday it was cutting the ratio of cash that banks must hold as reserves by 100 basis points (bps), as it looks to reduce the risk of a sharper slowdown in the world’s second-biggest economy.
The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said.
Lending to British consumers grew at its slowest pace in nearly four years in November and the number of mortgage approvals fell, Bank of England data showed, adding to signs of a pre-Brexit slowdown in the economy.
Ousted Nissan Motor Co Ltd Chairman Carlos Ghosn is set to appear in a Tokyo court on Tuesday after he requested an open hearing to hear the reason for his continued detention.
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