Saudi Aramco shares to start trading December 11: Tadawul exchange
Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.
Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut
The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve’s policy-setting panel as part of its annual membership reshuffle.
Saudi, Russia win over oil producers to deeper cuts
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin
Futures inch up after Trump comments; November jobs data eyed
U.S. stock index futures edged higher on Friday as comments from President Donald Trump that trade talks with China were “moving right along” helped set a calmer tone ahead of the Labor Department’s much anticipated monthly jobs report.
Saudi, Russia look to seal deeper output cuts with oil producers
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin
OPEC+ agrees to 500,000 bpd additional cut, to meet in March: sources
OPEC and allied oil producers, the so-called OPEC+, have agreed to deepen their output cuts by 500,000 barrels per day, sources said on Friday.
Exclusive: China’s Dongfeng plans partial sale of PSA stake – sources
China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker’s planned merger with Fiat Chrysler (FCA) .
As United Airlines seals CEO succession plan, eyes turn to American
With United Airlines Holdings Inc unveiling on Thursday plans for industry veteran Scott Kirby to take the helm as chief executive officer next year, investors are turning to succession plans at another carrier: American Airlines Group Inc .
H&M’s brand COS to test clothing rentals in China with YCloset
H&M , the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally conscious consumers rein in purchases.
China-built Tesla cars secure new energy vehicle subsidies
Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the world’s biggest auto market.
