Oil rises after reports of Iranian tanker attack
Oil prices rose as high as $60.65 a barrel on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, but bearish oil demand forecasts soon pulled crude off session highs.
Renault names Delbos as interim CEO to replace Bollore
French carmaker Renault on Friday named Clotilde Delbos at interim chief executive after ending the tenure of Thierry Bollore following a boardroom vote.
Shares bask in ‘very good’ U.S-China trade talks and Brexit deal hopes
World shares on Friday basked in optimism for a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.
Burning trash sparked wildfire that destroyed dozens of homes in California: fire department
Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for hundreds of thousands of people.
California governor says broad power shutdown to prevent fires ‘unacceptable’
California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable”, as gale-force winds and dry weather posed a critical fire threat to the north of the state.
Ford’s China sales decline again despite new models
Ford Motor Co’s July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second biggest market.
For a few dollars more: global funds take on FX risk
By Saikat Chatterjee, Hideyuki Sano and Gertrude Chavez-Dreyfuss
Chinese foreign ministry hopes China can work with U.S. for progress on trade talks
China’s foreign ministry said on Friday it hoped China can work with the United States for progress on trade consultations, when asked about trade talks between the two countries.
SAP reverts to co-CEOs after showman McDermott’s decade of growth
Bill McDermott stood down on Friday after a decade building up SAP as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
