Nestle teams up with Canadian plant-based ingredient makers
Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.
Boeing considers another cut in 787 Dreamliner production: Bloomberg
Boeing Co is contemplating another cut in 787 Dreamliner production, Bloomberg reported on Friday.
Intel’s blockbuster results lift shares to dotcom peak, fire up sector
Intel Corp’s shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker’s data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.
Tesla touts safeguards as senator urges company to rebrand ‘Autopilot’
Tesla Inc touted safeguards to its driver assistance system “Autopilot” after a Democratic U.S. senator on Friday urged the automaker to rebrand the system because it has “an inherently misleading name.”
New Huawei restriction in limbo after Pentagon disagrees with Commerce approach
The U.S. Commerce Department has put on hold a rule aimed at further reducing sales to China’s Huawei Technologies amid pushback from the Defense Department, people familiar with the matter said.
Brazil investors pour record $5.4 billion into domestic equity funds: BAML
Brazilian investors are pouring a record amount of cash into local equity funds, while foreign investors notched up their sixth straight week of buying, Bank of America Merrill Lynch said on Friday.
Wall Street bogged down by China virus fears, Intel limits losses
Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes.
U.S. Treasury Secretary Mnuchin expects next China trade talks in ‘near future’
U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.
Dollar rises vs euro as European PMI data fails to impress
The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.
Positive eurozone data pushes global equity markets higher
Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.
