Facebook’s Libra has failed in current form: Swiss president
Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.
Wall Street at record highs as year-end rally continues
U.S. stock indexes rose slightly on Friday, continuing a year-end record rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.
Oil edges up to three-month highs as U.S. crude stocks fall
Oil prices rose on Friday to three-month highs after data showed U.S. crude inventories declined much more than expected and upbeat economic data and optimism over a U.S.-China trade deal improved investor sentiment.
Global shares rise in record year-end rally, dollar slips
World equity markets scaled fresh records as a year-end rally climbed further on Friday with upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent raising global growth prospects, but the dollar weakened as risk appetite grew.
Oil edges down from three-month highs after Russia downplays output cuts
Oil prices edged down from three-month highs on Friday as investors’ optimism on economic growth was clouded by the Russian energy minister’s comments downplaying oil output cuts next year.
Wall Street’s festive rally pauses as investors await trade details
Wall Street hovered at record highs on Friday, as investors paused after a year-end rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.
Turkey unveils first fully homemade car in $3.7 billion bet on electric
Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.
China fines Toyota 87.6 million yuan over Lexus price-fixing
China’s market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website.
Wall St. hits another opening record as investors cheer China data
Wall Street opened at another record high, as optimism over U.S.-China trade relations and an improving global economy brightened investor sentiment going into the new year.
Oil steadies near three-month highs on U.S. and Chinese economic data
Oil prices steadied on Friday, hovering just under three-month highs as upbeat economic data from China and the United States and optimism over a trade deal between the two major economies improved investor sentiment.
