Business & Finance News
China’s Foreign Ministry said on Friday China and the United States have maintained close contact on bilateral trade issues.
Oil prices were little changed on Friday but set for a slide of about 4% on the week hurt by rising global supply and concerns about future demand.
British car dealership Lookers on Friday issued its second profit warning in less than four months and announced the departure of its two top executives.
Nissan Motor Co on Friday appointed American Stephen Ma as its next chief financial officer and said Hitoshi Kawaguchi and other veteran executives were stepping down, a shake-up that one source said marked a “generational change” at the automaker.
China’s Suntien Green Energy Co. Ltd , a wind power producer and piped gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval, a company official said.
China’s Foreign Ministry said on Friday China and the United States have maintained close contact on a potential meeting of U.S. President Donald Trump and Chinese President Xi Jinping.
Nissan Motor Co on Friday appointed American Stephen Ma as its next chief financial officer, and said that some veteran executives including Hitoshi Kawaguchi were stepping down, marking the latest shake-up at the automaker.
Taste Holdings , owner of Starbucks and Domino’s Pizza franchises in South Africa, said on Friday it was abandoning the food business, and had already sold its 13 stores of the coffee chain to a consortium for 7 million rand ($464,000).
Asian shares scaled three-month highs on Friday as a surprise bounce in Chinese manufacturing activity eclipsed doubts raised by a Bloomberg news report over whether the United States and China can reach a long-term trade deal.
Australia’s Genex Power Ltd on Friday said it won’t be able to line up funding for its pumped hydro project until next year, after failing to sign a power sale agreement from the project.
South Africa’s Taste Holdings said on Friday it had sold its Starbucks business for 7 million rand ($464,200) and was also considering selling others in its food business, including Domino’s Pizza, as part of a new plan to become a luxury retail group.
Nokia is targeting Malaysian ports in a bid to get a share of the country’s fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year.
U.S. job growth likely slowed sharply in October, weighed down by a strike at General Motors , while the unemployment rate is expected to tick up from near a 50-year low of 3.5%.
Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand.
Asian shares reversed early losses on Friday as an unexpected bounce in Chinese manufacturing activity offset some negativity cast by a Bloomberg news report that raised doubts over whether the United States and China can reach a long-term trade deal.
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