Italy’s economy minister expressed appreciation to FCA Chairman for Peugeot deal: sources
Italy’s Economy Minster Roberto Gualtieri expressed his appreciation to Fiat Chrysler Chairman John Elkann for a planned merger with France’s automaker PSA , government sources said on Friday.
Jobs data, trade progress boost S&P, Nasdaq to records
U.S. stocks climbed on Friday as the S&P hit an intraday record for the fourth time this week after an upbeat U.S. jobs report and data on Chinese manufacturing lessened concerns about slowing global growth.
After year-long bumpy ride, Fed appears to make soft landing
After a year-long struggle with bond markets, the Trump administration, and each other, Federal Reserve policymakers found their way to a compromise this week with a rate cut that even the White House said had put monetary policy in a much better place…
Factbox: GM strike sends ripples across auto parts suppliers
Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors .
U.S. disappointed by WTO decision allowing China to slap trade sanctions on U.S. goods
The United States is disappointed by a World Trade Organization (WTO) decision that China may slap compensatory sanctions on U.S. imports worth $3.579 billion annually for the U.S. failure to remove anti-dumping duties, a U.S. official said on Friday.
U.S. cites progress in U.S.-China trade talks
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin made progress on a variety of issues during a telephone call on Friday with China’s Vice Premier Liu He about an interim trade agreement, USTR said in a statement.
Musk to go off Twitter … again
Elon Musk is going offline from Twitter after questioning “the good” of the social networking site.
Oil rises 3% on U.S.-China trade hopes, but set for weekly drop
Oil prices rose nearly 3% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.
White House adviser Kudlow sees optimism over China trade deal
China trade talks are making progress and the United States still aims to sign an initial deal this month, although the phase one agreement remains unfinished and some issues will be pushed to a second pact, a White House official said on Friday.
U.S., China reach consensus on principles after trade talks: Xinhua
The United States and China have reached consensus after talks between their main trade negotiators on Friday, Beijing’s state-media Xinhua News Agency reported.
