Oil ends week steady as China growth offsets trade deal optimism
Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-U.S. trade deal…
H&M to enter Panama in late 2020
The world’s second-biggest fashion retailer H&M said on Friday it would open a first store in Panama at the end of 2020, making the country its first Central American market.
Renault expects slight 2020 car market decline in Europe, Russia and China
Renault said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed.
World shares up as China data fuels bets on growth
World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world’s second-biggest economy was stabilizing.
British Airways-owner IAG lifts ownership restrictions, boosting shares
British Airways-owner IAG lifted a restriction on non-EU investors’ ability to buy its stock, helping boost its share price by more than 5%.
Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture
Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said.
After India’s Amazon snub, Modi’s party slams Bezos-owned Washington Post
Indian Prime Minister Narendra Modi’s ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon announced plans to create a million jobs in the country by 2025.
Renault reports 3.4% fall in 2019 global sales as China weighs
French automaker Renault on Friday reported a 3.4% fall in 2019 worldwide sales to 3.75 million vehicles despite growth in Europe.
H&M to enter Panama in 2020
The world’s second-biggest fashion retailer H&M said on Friday it would expand to Central America, starting with a first store in Panama at the end of 2020.
Asian shares firm as China data show signs of easing economic strains
Asian shares rose on Friday after data in China showed pressure on the world’s second biggest economy may be starting to diminish.
