Business & Finance News
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.
Facebook Inc has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, making him the most senior European politician ever in a leadership role in Silicon Valley.
Oilfield services provider Schlumberger NV on Friday reported a slight profit beat but said that the pace of growth in North America had slowed due to transportation bottlenecks in the largest U.S. shale basin.
Investors shed Italian bonds on Friday, driving their yields to 4-year highs while the euro fell to a 2-month low as the European Union called Rome’s draft budget an “unprecedented” breach of EU fiscal rules.
Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.
Facebook Inc has hired former U.K. deputy prime minister Nick Clegg as head of the social network’s global affairs and communications team, the Financial Times reported on Friday.
Procter & Gamble Co reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products.
U.S. stock futures ticked higher on Friday as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia that drove a 1 percent fall a day earlier.
Disputes over U.S. President Donald Trump’s trade tariffs and their consequences are being escalated at the World Trade Organization, with 12 requests for adjudication shown on Friday in an agenda for the WTO’s Oct. 29 dispute settlement meeting.
Schlumberger NV’s third-quarter profit rose 18.2 percent on higher oilfield services demand and the company said it expects the current pipeline bottlenecks in the Permian basin to be addressed within the next 12 to 18 months.
Procter & Gamble Co reported better-than-expected first-quarter sales on Friday, boosted by strong demand for beauty and home care products.
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.
Honeywell International Inc reported better-than-expected quarterly profit on Friday and lifted its full-year forecasts for cash flow and margins, driven by strong sales of aircraft parts and warehouse automation products.
– Shares of electric carmaker up 1.6 pct at $268.21 premarket
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