Toxic chemical at PES refinery mostly cleared, aiding probe of June blaze
Most of a highly toxic chemical stored at a fire-damaged Philadelphia oil refinery has been rendered inert, clearing the way for closer inspections of the site following a June blaze that led to the plant’s closure, officials said on Friday.
Argentine peso, bond prices fall further as S&P rating cut prompts selling
Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds.
Stocks edge higher but yuan weakens as tariffs loom
Hopes for a thaw in the U.S.-China trade war helped a gauge of global stocks edge higher on Friday despite weakness on Wall Street, though caution over pending U.S. tariffs on Chinese goods put the yuan on track for its biggest monthly decline in 25 ye…
Volkswagen overstated fuel economy on 98K U.S. vehicles, will reimburse consumers
Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the Environmental Protection Agency said vehicle software overstated real-world performance.
Oil falls ahead of hurricane but posts weekly gain as U.S.-China trade war eases
Oil futures fell on Friday, with U.S. crude down nearly 3% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of U.S.-China trade rhe…
IMF board to meet for informal session about Argentina -spokesperson
The executive board of the International Monetary Fund will meet for an “informal information session” on Friday to discuss recent events in Argentina, an IMF spokesman said.
Argentine asset prices fall further as S&P rating cut prompts sales
Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds.
FAA panel reviewing 737 MAX certification will take additional time
The Federal Aviation Administration said on Friday a blue-ribbon panel of experts around the world will need a few more weeks to finish its review into the Boeing 737 MAX certification.
Google to pay up to $200 million to FTC on YouTube probe: source
Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.
Yields rise on trade optimism, volumes muted
U.S. Treasury yields edged higher on Friday on hopes the United States and China will take steps to de-escalate their trade war, though trading volumes were muted before a U.S. holiday.
