Business & Finance News
Beverage distributors working for Brazilian brewer Ambev SA have filed a complaint against the company at the local antitrust regulator Cade, accusing it of anticompetitive practices.
U.S. stock indexes rose on Friday after strong results from Intel added to what has largely been a better-than-expected third-quarter earnings season so far and offset a dour forecast from Amazon.com.
When Tiffany & Co said this month it was sending its priciest jewelry to mainland China to reach wealthy shoppers no longer jet-setting abroad, it reflected a trend helping global luxury brands weather a Chinese economic slowdown.
The U.S. Federal Aviation Administration (FAA) on Friday revoked the repair certification of Florida-based Xtra Aerospace LLC, which repaired a sensor suspected of contributing to the catastrophic crash of a Lion Air 737 MAX a year ago.
Oil prices eased on Friday but were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.
Estonia’s far-right finance minister has been criticized by lawmakers for holding up financial reforms promised after the Baltic state became the focus of Europe’s biggest money laundering scandal.
Anheuser-Busch InBev saw more than $13 billion wiped off its market value on Friday, after a profit warning and weaker-than-expected third-quarter earnings growth sparked by reduced demand for its beer in Brazil and South Korea.
Argentina has given the go-ahead to Amazon.com Inc’s Web Services division AWS to build an $800-million data facility in Buenos Aires, which would mark a massive investment for the company in South America, according to a provincial bulletin dated Oct. 24.
Mexico’s Deputy Foreign Minister for North America, Jesus Seade, said on Friday he believes U.S. lawmakers will soon begin the process of approving the new United States-Mexico-Canada (USMCA) trade deal now that President Andres Manuel Lopez Obrador has vowed wage increases and funding for labor reforms.
Vale SA’s chief executive said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.
Wall Street was set to open flat on Friday, as a dour sales forecast from Amazon overshadowed a clutch of strong results in what has so far been an upbeat third-quarter earnings season.
Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business.
Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters.
Geopolitical tensions, muted economic data and mixed earnings stymied global stocks on Friday with sterling languishing near a one week lows amid a new bout of Brexit anxiety.
The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev , Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.
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