U.S. removes some Chinese furniture, modems from planned 10% tariffs
The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.
EQM stops some work on WV-VA Mountain Valley natgas pipe
EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.
PG&E to hold sole rights to bankruptcy exit plan: WSJ
A judge overseeing PG&E Corp’s bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday.
Dollar firms, global stocks soar on ECB rate cut expectations
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.
Wall Street ends sharply higher on German stimulus optimism
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
Canada awards multi-billion contract to General Dynamics as election looms
Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
Amazon.com defeats IRS appeal in U.S. tax dispute
Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
Oil rises alongside equities, but downbeat OPEC outlook caps gains
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Exclusive: Fed’s Mester weighing argument for U.S. rate cut
One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.
Lower rates could boost housing stocks, but risks remain
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
