Sanctions-hit refiner Nynas handed administrator by Swedish court
Nynas AB, owned by Venezuela’s state-run PDVSA and Finland’s Neste Oil , on Friday filed for company reorganization at a Swedish court as the refiner failed to extend loans as it dealt with the fallout of U.S. sanctions.
China says reached phase one deal with U.S., to cancel Sunday tariffs
China and the United States have agreed on the text of a phase one trade deal, and Beijing has decided to cancel an earlier plan to impose additional tariffs on U.S. imports on Dec. 15, senior Chinese government officials said on Friday.
Power Financial shares jump on buyout offer by parent
Shares of Power Financial Corp (PFC) rose nearly 10% on Friday, their biggest jump in more than a decade, after parent Power Corp of Canada (PCC) agreed to buy the rest of the stake it does not currently own.
Shares gain, but doubts linger on U.S.-China deal, oil rises
Equity markets globally rose and oil prices surged on Friday after China and the United States agreed on a “phase one” trade deal and U.S. President Donald Trump said Washington would suspend tariffs on Chinese imports scheduled for Sunday.
U.S. prosecutor calls on UAW to cooperate, probe may widen
The U.S. Attorney leading the investigation of corruption within the United Auto Workers (UAW) told Reuters on Friday the union’s leadership still is not fully cooperating with the government, but that individuals are giving federal investigators tips …
U.S. says agrees to lower tariffs on some Chinese imports in trade deal
The United States agreed to modify its tariffs on Chinese goods in a “significant way” under a phase one trade agreement with Beijing, while China would buy substantially more U.S. goods and services, the U.S. Trade Representative’s office said on Frid…
Shares of SoftBank-backed OneConnect rise 5% in U.S. market debut
Shares of OneConnect Financial Technology jumped 5% in their U.S. market debut on Friday, valuing the Chinese cloud tech firm at $3.79 billion.
Oil nears three-month high as trade hopes, UK election lift sentiment
Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.
SoftBank more cautious after WeWork – Softbank Latam partner
SoftBank Group Corp has been more cautious on assessing its investments after myriad governance problems and large losses forced WeWork to shelve IPO plans, Latin America Softbank managing partner Andre Maciel, said on Friday.
Uber submits appeal to regain London taxi license
Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take r…
