Vale CEO says not yet time to resume dividend payment, buybacks
Vale SA’s chief executive said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.
Amazon sales forecast, slower AWS growth disappoint investors
Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business.
U.S. FAA revokes repair station certificate of Xtra Aerospace
U.S. Federal Aviation Administration (FAA) on Friday issued an order to revoke the repair station certificate of Xtra Aerospace LLC, which repaired a sensor suspected of contributing to the crash of a Lion Air 737 MAX a year ago.
Wall Street slips at open as Amazon weighs
Wall Street opened marginally lower on Friday, as a dour sales forecast from Amazon overshadowed another set of strong results in what has so far been an upbeat third-quarter earnings season.
Factbox: ‘Fly up’ co-pilot urges in final moments of fatal Lion Air crash
A final Indonesian report on the fatal crash of Lion Air flight 610 published on Friday details stress and confusion in the cockpit as the Boeing 737 MAX’s MCAS software, misled by faulty sensor readings, repeatedly lowered the plane’s nose.
China to ask U.S. to remove tariffs in exchange for agricultural buys in talks Friday
Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told …
Wall St treads water after mixed earnings reports
Wall Street was set to open flat on Friday, as a dour sales forecast from Amazon overshadowed a clutch of strong results in what has so far been an upbeat third-quarter earnings season.
Brexit woes, mixed earnings see stocks lose steam, sterling lingers
Geopolitical tensions, muted economic data and mixed earnings stymied global stocks on Friday with sterling languishing near a one week lows amid a new bout of Brexit anxiety.
Exclusive: India probe finds AB InBev, Carlsberg, United Breweries colluded on prices – sources
The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev , Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.
EU readies stricter rules against money laundering: document
The European Union is getting ready to tighten rules against money laundering, an EU draft document shows, a year after previous reforms now deemed inadequate to tackle a series of banking scandals.
