Shares and sterling leap on trade and Brexit boosts
Stock markets and sterling gained on Friday as U.S.-China trade hopes and an election win for Britain’s Brexit-backing Conservative Party cleared two of the clouds on the global investment horizon.
Futures up on trade deal hopes; tariff deadline closes in
U.S. stock index futures rose on Friday on hopes that the United States and China could reach an initial deal to end their trade war after Washington set its terms for an agreement, just days before fresh levies on Chinese goods kick in.
How ethanol plant shutdowns deepen pain for U.S. corn farmers
When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop to a local facility that produced the corn-based fuel.
Broker group warns of investor risks posed by U.S. direct share-listing proposal
The U.S. Securities and Exchange Commission risks weakening investor protections if it allows companies to raise money in the public market through a direct listing without the support of underwriting banks, an influential broker group said on Friday.
China detains CEO of U.S.-listed P2P firm Fincera for suspected financial crime
Chinese police on Friday detained the chairman and chief executive officer of New York-listed Fincera Inc for suspected financial crime.
Samsung Electronics executive receives jail term over union-busting: media
Samsung Electronics vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday.
Oil hits three-month high as trade hopes, UK election lift sentiment
Oil rose to its highest in nearly three months on Friday as progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain lifted investor’s appetite.
Samsung Elec exec receives jail term over union-busting: media
Samsung Electronics vice-president Kang Kyung-hoon received a 16-month jail term on Friday on charges of union-busting activities, South Korean media reported on Friday.
Shares and sterling soar as trade and Brexit fog lifts
Stocks rose and the pound gained on Friday as the prospect of a China-U.S. trade deal and an election victory for Britain’s Brexit-backing Conservative Party cleared two of the darkest clouds on the global investment horizon.
U.S. sets China trade deal terms, sources say, but Beijing mum
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing’s buying more American farm goods, U.S. sources said on Thursday.
