Business & Finance News
Oil prices gained on Friday, on track to end the week up more than 2 percent as the market strengthened, bucking off bearish forces that had pulled it down earlier in the session.
U.S. stocks reversed course on Friday to trade lower after Bloomberg reported that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products.
Britain’s Financial Conduct Authority has banned former Deutsche Bank trader Christian Bittar from performing any function in relation to any regulated financial activity.
A worst-case scenario Brexit would affect Airbus’s sites not only in Britain but also in the rest of Europe, board member Tom Williams has told the German magazine Der Spiegel.
Allergan Plc said revenue from its medical aesthetics business could double by 2025, even as it faces increasing competition for its blockbuster wrinkle treatment, Botox.
U.S. stocks edged higher on Friday as banks gained after 10-year U.S. Treasury yields topped 3 percent, but gains were capped by a drop in the rate-sensitive utilities, real estate and telecom sectors.
The home of Fiat bid farewell on Friday to Sergio Marchionne, one of the auto industry’s most exacting and determined leaders, who rescued the Italian car giant and U.S. Chrysler.
Oil prices were largely steady on Friday after the previous session’s steep drop due to demand concerns, but were on track to end the week higher bolstered by earlier gains on supply constraints from Iran following U.S. sanctions.
A narrowing gap between long-term and short-term borrowing costs does not necessarily signal a coming recession, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
Federal Reserve Bank of Chicago President Charles Evans said on Friday that two further interest-rate hikes this year by the U.S. central bank would not be surprising, given the strength of the economy.
The United States on Friday imposed sanctions against a Thai aviation company that it said was acting on behalf of Iran’s Mahan Air, which it accused of ferrying troops and supplies into Syria in support of Syrian President Bashar al-Assad.
Following are five big themes likely to dominate the thinking of investors and traders in the coming week, and the Reuters stories related to them.
Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle a divorce deal for departing Britain within the next two months.
An index of world stock markets climbed to its highest in over a week on Friday as expectations grew that the United States and China would start fresh trade talks, while an interest rate hike in Turkey supported the lira and emerging markets.
U.S. stocks were flat on Friday, as declines in real estate and utilities were offset by gains for banking stocks, driven by a rise in 10-year Treasury yields above 3 percent.
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