After bruising week, global stocks make fragile gains ahead of U.S. jobs data
Global stocks were slightly higher on Friday, clawing back some ground lost in their worst week for months, and safe haven assets rose ahead of a key jobs report as investors hoped this week’s dismal data would trigger more U.S. interest rate cuts.
Thomson Reuters buys events specialist firm FC Business Intelligence
Thomson Reuters Corp said on Friday it had acquired business-to-business events specialist, FC Business Intelligence (FCBI).
Oil edge up but still set for big weekly loss on demand worries
Oil prices rose on Friday but were still on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Factbox: Bernard Looney, BP’s next CEO
Bernard Looney, boss of oil and gas production at BP , will take over from Bob Dudley as chief executive next year.
Shell promotes Australia head to run global conventional oil, gas unit
Royal Dutch Shell has promoted its current Australia chief, Zoe Yujnovich, to the role of executive vice president for conventional oil and gas from Jan. 1, based in the group’s headquarters in The Hague, Shell Australia said on Friday.
Britain’s John Lewis withholds service payments to landlords
British department stores group John Lewis has told shopping centers landlords it will withhold 20% of this quarter’s service charge as it seeks to cut costs, it said on Friday.
EU likely to respond to U.S. tariffs with own measures: Germany’s Maas
The European Union is likely to take retaliatory measures in response to new U.S. tariffs on European goods, German Foreign Minister Heiko Maas told newspapers in remarks published on Friday.
BP names Bernard Looney as next CEO, Dudley to leave in 2020
BP on Friday appointed head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year after leading the oil and gas company back to growth from near collapse in 2010.
Oil climbs but set for big weekly loss over demand worries
Oil futures were higher ahead of the weekend but remained on track for large weekly losses on fears that slower global economic growth will hurt fuel demand, even as Saudi Arabia said it has fully restored oil output after recent attacks.
SoftBank’s plans for second mega-fund hit by WeWork debacle
SoftBank Group founder and CEO Masayoshi Son is struggling to raise money for a second massive technology investment fund in the wake of the failed public offering of office-rental company WeWork and sliding valuations of other major investments, accor…
