Business & Finance News
LONDON (Reuters) – Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar.
BANGKOK (Reuters) – The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a “snail secretion filtrate moisture system”. The Snail White branding – plus some positive internet reviews – is enough to have Chinese tourists recently lining up to buy the slime-infused product.
BEIJING (Reuters) – China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top officials meet in Washington.
LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of “personalized mass transit” tunnels under Los Angeles could be achieved without disturbance or noise at the surface.
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
(Reuters) – Cambridge Analytica, the firm at the center of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.
TOKYO (Reuters) – Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
NEW YORK (Reuters) – Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street’s nine-year bull market.
(Reuters) – After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.
TOKYO (Reuters) – Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
(Reuters) – Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.
BEIJING/WASHINGTON (Reuters) – China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world’s two biggest economies.
SYDNEY (Reuters) – No. 2 Australian lender Westpac Banking Corp said on Friday it had been “too slow” to resolve customer complaints and had created an executive role to handle them, as the country’s financial sector responds to revelations of serious misconduct.
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
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