Stocks bask in ‘very good’ trade talks, Brexit deal hopes
World shares on Friday basked in optimism over signs of a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline
The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in th…
Uber launches boat service in Nigeria’s megacity Lagos
Global ride-hailing firm Uber Technologies Inc [UBER.UL] on Friday launched a pilot test of a boat service in Nigeria’s commercial capital Lagos to attract commuters seeking to avoid the megacity’s notoriously congested roads.
OxyContin maker Purdue begins showdown to halt opioid lawsuits
OxyContin maker Purdue Pharma LP will ask a U.S. Bankruptcy Judge on Friday to pause litigation against the company and its owners over the objections of U.S. states that allege the company is trying to protect the controlling Sackler family.
Uber faces UK tax challenge
Uber Technologies Inc says the UK is seeking to classify the company as a transportation provider, potentially opening it up to new tax charges that could weigh heavily on its business, according to UK accounts filings in recent days.
Renault ousts CEO Bollore in abrupt shake-up
The board of French carmaker Renault on Friday voted to oust Thierry Bollore as CEO, naming the firm’s financial director Clotilde Delbos to take over his job on an interim basis.
BP warns of third-quarter charges as it spurs $10 billion divestment target
BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by the end of 2019, a year ahead of schedule.
Rising old used car prices help push poor Americans over the edge
For America’s working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite prolonged economic growth and low unemployment.
Factbox: Renault’s new top executive committee
Below are some facts on some of the new top executives appointed at Renault on Friday.
With U.S. tariffs looming, China drums up hope for a partial trade deal
A Chinese state newspaper said on Friday that a “partial” trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing’s aim of cooling the row before more U.S. tariffs kick in.
