Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal – sources
The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters.
European stocks climb as economic data fuels growth hopes
European shares on Friday were set to post their first daily gain this week on signs of a recovery ahead for growth, with easing worries over the coronavirus outbreak in China also emboldening investors.
AmEx profit beats on strong U.S. holiday season spending
Credit card issuer American Express Co reported a fourth-quarter profit on Friday that beat analysts’ estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment also helped.
Sale of Renk, MAN Energy Solutions depends on buyer: Volkswagen labor chief
Workers’ approval of a possible divestment of Volkswagen’s transmissions making unit Renk and MAN Energy Solutions depends on who the new owner will be, the carmaker’s labor chief said on Friday.
Bayer faces fourth U.S. Roundup cancer trial in Monsanto’s hometown
Bayer AG is set to face a fourth U.S. jury trial over allegations that its Roundup weed killer causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to begin making their case on Friday.
Bargain hunters fire up rally in cannabis stocks
Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year.
Euro tumbles to seven-week lows as PMI data fails to excite FX bulls
The euro weakened to a seven-week low on Friday as lacklustre PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.
Oil falls below $62, heads for weekly loss on China virus concerns
Oil slipped below $62 a barrel on Friday and headed for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, overshadowing supply cuts.
SoftBank-backed CloudMinds slashes workforce amid cash burn: sources
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the stock market, people familiar with the matter said.
Ericsson hit by higher 5G costs and weaker U.S. market
Sweden’s Ericsson warned it faced higher costs this year as it rolls out new 5G networks and was also hit by a temporary slowdown in its U.S. market, sending its shares 7% lower on Friday. After a number of lean years, Ericsson has been boosted by …
