Business & Finance News
Oil edged further above $65 a barrel on Friday as concerns about a possible renewed spike in Middle East tensions outweighed rising U.S. inventories and other signs of ample supply.
A U.S. stock market that has weathered trade wars, weak corporate earnings, and now a U.S.-Iran conflict to continually hit record highs faces a new obstacle: the 2020 U.S. election season.
Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles.
U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.
The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump branding it socialist and progressive Democratic presidential contenders Senators Elizabeth Warren and Bernie Sanders prominently endorsing it.
Italy’s biggest commercial broadcaster Mediaset holds a shareholder meeting on Friday over governance changes needed to enable a pan-European expansion plan, which its second-largest investor Vivendi is fighting in court.
Carmaker Jaguar Land Rover (JLR) posted a 6% fall in full-year sales on Friday after a challenging year in which its performance was hit by the weakening Chinese autos market and falling demand for diesel vehicles in Europe.
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising U.S. inventories and other signs of ample supply.
Carmaker Jaguar Land Rover (JLR) posted a 6% fall in full-year sales on Friday after a challenging year in which its performance was hit by the weakening Chinese autos market and falling demand for diesel vehicles in Europe.
World stocks set new record highs on Friday and the prices of safe-haven assets such as gold pulled back as investors cheered an apparent de-escalation in U.S.-Iran tensions and looked instead to prospects of improved global growth.
Boeing Co has released hundreds of internal messages that contained harshly critical comments about the development of the 737 MAX, including one that said the plane was “designed by clowns who in turn are supervised by monkeys”.
BMW said it sold 2.52 million BMW, Mini and Rolls-Royce vehicles in 2019, making it the best-selling premium car group, ahead of rival Daimler .
Former Nissan boss Carlos Ghosn’s lawyer on Friday told Japan’s government that the authorities had failed to arrange for a fair trial that respected universal rights.
Oil prices dipped on Friday as the threat of war in the Middle East receded and investors switched their attention to rising U.S. crude oil and product inventories.
Boeing Co has released hundreds of internal messages that show attempts to duck regulatory scrutiny in the development of the 737 MAX, as well as employees disparaging the plane, the company and aviation regulators.
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