China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR
China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters on Friday, adding the deal would be signed the first week of January.
Wall Street steadies as tech stocks gain on limited trade deal
U.S. stocks gained ground in early afternoon trading on Friday after a tumultuous morning, as a limited trade deal between the United States and China paved the way for a rise in technology shares.
Lackluster U.S. retail sales dim fourth quarter economic growth outlook
U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears the economy was slowing a bit faster than anticipated in the fourth quarter.
Britain’s Aston Martin talking to investors as reviews funding
Luxury British carmaker Aston Martin is in early stage talks with potential investors about building “longer term relationships” which it said on Friday may or may not involve an equity investment, as part of a funding review.
Bankrupt Philadelphia refinery expects second insurance payment
Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed.
China to buy $50 billion in U.S. farm products under deal, Trump says
China will likely hit $50 billion in purchases of U.S. agricultural products, U.S. President Donald Trump said on Friday after earlier announcing that he would roll back scheduled tariffs on Chinese imports as Washington and Beijing finalized an initia…
Facebook, privacy activist Schrems battle nears end on Dec. 19
Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or not.
Exclusive: French side of PSA-Fiat merger want governance guarantees – sources
The French partners in the planned merger between French carmaker PSA and Fiat Chrysler are seeking reassurances before the deal is signed that the number of seats they are allotted under the draft deal will not change if CEO Carlos Tavares leaves, two…
Ruling on Ryanair bid to delay COO’s easyJet move set for next week
An Irish High Court judge hopes to rule next week on whether Ryanair can prevent its operations chief Peter Bellew from joining arch-rival easyJet until 2021.
Take Five: What’s the deal?
U.S. President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting U.S. tariffs on Chinese goods.
