Wall St. opens higher on trade optimism
U.S. stocks opened broadly higher on Friday as investors took comfort from signals that the United States and China will resume trade talks, easing worries about further damage from their long-standing trade war that has roiled financial markets.
Strong consumer spending seen underpinning U.S. economy
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains…
Trade war with U.S. won’t affect China’s pork supply: Chinese ministry
China said its trade dispute with the United States would not affect the Asian nation’s pork supply, state-television reported on Friday, citing an official at the agriculture ministry.
Trade hopes lift global stocks to one-week high, yuan softens
World stocks climbed to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China’s yuan softening again, on track for its weakest month in 2-1/2 decades.
Danske Bank reported to police for overcharging customers: regulator
Denmark’s financial watchdog said on Friday it had reported Danske Bank to the police for overcharging customers, the latest blow to the lender as it tries to restore trust after involvement in a major money laundering scandal.
Trump prods General Motors over its auto plants in China
U.S. President Donald Trump, who is engaged in a trade war with Beijing, said on Friday that the largest U.S. automaker, General Motors Co , should begin moving its operations back to the United States.
Campbell’s profit beats estimates on cost cuts, shares rise
U.S. food company Campbell Soup Co reported better-than-expected fourth-quarter profit, benefiting from cost cuts, sending shares up 5% before the bell.
China will exempt Tesla cars from purchase tax
China will exempt Tesla Inc’s electric vehicles from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website, sending the company’s shares up more than 4% in early trading.
Danske Dank reported to police for overcharging customers: regulator
Denmark’s Financial Supervisory Authority (FSA) has reported Danske Bank to the police for overcharging customers, the financial watchdog said on Friday.
Stock futures rise on U.S.-China trade optimism
U.S. stocks index futures rose on Friday, as investors took comfort from signals that the United States and China will resume trade talks.
