U.S. consumer spending, factory data point to weak first quarter GDP growth
U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter.
Global shares rise on tame inflation, MSCI’s China move
World equity markets rose on Friday to end an otherwise slow week on benign U.S. inflation and after strong economic data from China helped feed into optimism around trade, while crude oil retreated on news of weaker U.S. factory activity.
Huawei to be arraigned in U.S. fraud case in New York on March 14
Huawei Technologies Co Ltd and two affiliates will be arraigned on March 14 in U.S. District Court in Brooklyn, New York, on accusations the company committed bank and wire fraud and violated sanctions against Iran, according to a court filing on Frida…
Jaguar Land Rover to announce major UK investment: BBC
Luxury carmaker Jaguar Land Rover, part of Tata Motors Ltd, is preparing to announce hundreds of millions of pounds worth of investment in Britain, the BBC reported on Friday.
BNP Paribas to cut up to 2,500 jobs at its Belgian bank
BNP Paribas reached an agreement with unions over a plan to cut as many as 2,500 jobs at its Belgian retail banking unit by 2021 as part of an effort to bring down costs.
Lyft IPO filing shows surging revenue, widening losses
Lyft Inc inched closer to becoming the first ride-hailing company to make a stock market debut by releasing its filing for an initial public offering on Friday, revealing to the public a detailed look at its financial performance.
Wall Street moves higher on trade optimism after slow week
Wall Street’s main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains.
Volkswagen’s flagship VW brand missed margin goal in 2018: Spiegel
Volkswagen’s flagship VW brand missed its margin target in 2018 as operating profits declined despite growth in top-line revenues at the German carmaker, news weekly Spiegel reported on Friday, citing unpublished figures.
Gap shares surge 24 percent as Wall Street praises split
Gap Inc shares surged as much as 24 percent on Friday as a number of Wall Street analysts lauded the company’s decision to separate its better-performing Old Navy brand.
Canada PM speaks to Trump about tariffs, sources see little progress
Canadian Prime Minister Justin Trudeau spoke to U.S. President Donald Trump on Thursday about American tariffs on steel and aluminum, Trudeau’s office said on Friday, but well-placed sources said there was little sign of progress.
