Business & Finance News
Mothercare Plc said on Friday Boots UK, owned by U.S.-based Walgreens Boots Alliance , will become its new exclusive franchisee partner and stock the struggling retailer’s brand of clothing, home and travel products.
China will give a news briefing at 1030 pm local time (1430 GMT) on the state of trade discussions with the United States, the State Council Information Office said on Friday.
Chinese police on Friday detained the chairman and chief executive officer of New York-listed Fincera Inc for suspected financial crime.
Samsung Electronics vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday.
Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
Oil rose on Friday to its highest in nearly three months as progress in resolving the U.S.-China trade dispute and Britain’s general election result appeared to lift two clouds that have been dampening investor appetite for risk.
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing’s buying more American farm goods, U.S. sources said on Thursday.
Shares already trading at record highs piled on the gains and the pound soared on Friday as a last-gasp Sino-U.S. trade deal and a thumping election win by Britain’s Conservative Party cleared two of the darkest clouds on the global investment horizon.
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude.
China’s Foreign Ministry, when asked about the trade deal with the United States, said it is committed to resolving the issues but the deal must be mutually beneficial.
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing buying more American farm goods, U.S. sources said on Thursday.
Washington will suspend some tariffs on Chinese goods and cut others in return for Beijing buying more American farm goods, U.S. sources said on Thursday, although a lack of confirmation from either side cast doubt on whether a deal was finalized.
Israel’s aviation regulator has ordered airlines with Boeing Co 737 jets converted to freighters by Israel Aerospace Industries (IAI) to comply with loading restrictions and use additional straps when needed before they can resume flying.
Australia’s Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year.
California’s power producer PG&E Corp said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
