Mitsubishi says Singapore-based oil trader lost $320 million in unauthorized trades
Mitsubishi Corp , Japan’s biggest trading house by revenue, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorized transactions in crude oil derivatives, and the matter has been reported to the police.
Netflix chief says ‘The Crown’ will look a bargain after streaming explosion
Netflix Chief Executive Reed Hastings said on Friday the entrance of Apple, Disney and NBC to the global streaming market will push content costs to levels that make its epic drama about the British Royal family “look like a bargain”.
Commerzbank considers sale of Polish unit mBank: Handelsblatt
Germany’s Commerzbank is considering selling its Polish subsidiary mBank as part of a new strategy, daily Handelsblatt reported on Friday.
U.S. repo rate rises ahead of Fed repo operation
The interest rate on U.S. overnight repurchase agreements climbed early Friday in advance of an operation conducted by the New York Federal Reserve which may add up to $75 billion in temporary cash in the U.S. banking system.
Peninsula fund gives Mediaset insurance in Vivendi dispute
A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros ($1.1 billion) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.
Wall Street futures rise on global stimulus efforts
U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth.
Stimulus soothes stocks as oil heads higher
World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Fund managers gird for long trade war after FedEx slide
A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
Reuters poll: Trump tweetstorm hasn’t slanted view of Fed
President Donald Trump’s barrage of tweets blasting the U.S. Federal Reserve appears to have been ignored by both Republicans and Democrats who largely see the central bank as neutral in its decision making, according to results of a new Reuters Ipsos …
No crowds as Apple’s iPhone 11 hits stores in China
Apple’s latest iPhone 11 range hit stores in China on Friday, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches.
