Business & Finance News
Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to trim output boosted oil prices.
Danske Bank’s board of directors on Friday elected top shareholder A. P. Moller Holding’s candidate, Karsten Dybvad, as its new chairman.
Brazil’s government said on Friday that it would appeal an injunction issued Thursday blocking a proposed tie-up between planemakers Embraer and Boeing , joining Embraer, which has also said it will challenge the decision.
Global stocks staged a modest rebound on Friday with Asian and European markets gaining after a selloff the previous day, while crude oil edged up after indications Russia would contribute a bigger output cut than previously suggested to producers.
Ted Baker’s CEO and founder Ray Kelvin is to take a voluntary leave of absence while allegations about his conduct are investigated, the British fashion retailer said on Friday.
Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.
Brazilian planemaker Embraer said on Friday that it would appeal an injunction issued hours earlier blocking its proposed tie-up with Boeing , according to a securities filing.
The Brazilian government said on Friday that it will appeal an injunction blocking a proposed deal between planemakers Embraer and Boeing from going through.
Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market.
U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies.
Activist investor Elliott has taken a position in Germany’s Bayer , the latest in a string of investments in German companies, three people familiar with the matter told Reuters on Friday.
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 chief said on Friday, echoing concerns raised elsewhere in the world.
White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top Huawei Technologies Co Ltd executive “are two separate events,” calling the timing of events a coincidence.
Virgin Atlantic said on Friday it was aiming to ensure its pre-Christmas flights went ahead as scheduled after hundreds of its pilots voted to strike from Dec. 22 until Dec. 25 in a dispute over union recognition.
OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.
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