Oil rises on hopes for U.S.-China trade deal
Oil prices rose on Friday on signs of progress in U.S.-China trade talks and a surprise bounce in Chinese manufacturing activity.
Phase one trade deal with China is in good shape: U.S. Commerce Secretary
The initial “phase one” trade pact with China appears to be in good shape and is likely to be signed around mid-November, although a finite date is still in question, U.S. Commerce Secretary Wilbur Ross said on Friday.
Exxon Mobil profit halves on weak oil prices, chemicals margins
Exxon Mobil Corp’s third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.
AbbVie lifts 2019 profit forecast as Humira helps beat revenue estimates
AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.
Nasdaq to restart equity trading in Nordics and Baltics at 1200 GMT
Nordic and Baltic stocks market operator Nasdaq said on Friday its markets would reopen at 1200 GMT following a trading halt due to technical issues.
Alibaba beats quarterly revenue estimates, shares rise
China’s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses.
Shares shuffle higher, dollar lays low ahead of U.S. jobs data
World shares were eyeing two-year highs and a fourth straight week of gains on Friday as the third U.S. interest rate cut of the year and a surprise bounce in Chinese manufacturing activity eclipsed a blizzard of otherwise sickly global data.
Deutsche Bank appoints Campelli to implement turnaround plan
Deutsche Bank said on Friday it had promoted Fabrizio Campelli to chief transformation officer with a mandate to oversee the biggest reorganization in the bank’s history, including its plans to cut 18,000 jobs worldwide.
Why Brazil’s bid to lure low cost airlines may be doomed
Brazilian government officials this week tempted airline executives with a pitch: Latin America’s largest domestic aviation market is opening up and it badly needs more competition.
Nissan picks American as finance chief as new generation takes helm
Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.
