Oil prices firm on trade hopes, but record U.S. output drags
Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
Italian ruling-party lawmakers push for Huawei ban: paper
A group of lawmakers from Italy’s ruling coalition is pushing the government to ban China’s Huawei Technologies Co Ltd from supplying equipment for the country’s rollout of 5G mobile communications, Il Messaggero newspaper said on Friday.
China rebound drives Asian shares higher
Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook.
Oil prices stable on trade hopes, but record U.S. output weighs
Oil prices reversed earlier falls on Friday, lifted by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
Tesla rolls out Model 3 in China ahead of schedule in sales push
Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions.
Puma goes up-market to join forces with Porsche Design
(This February 21 story refiles to give full name of Porsche Design in headline.)
A Fed pivot, born of volatility, missteps, and new economic reality
The Federal Reserve’s promise in January to be “patient” about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth.
Alibaba CEO rules out layoffs this year
Alibaba Group Holding Ltd expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday.
Tesla starts Model 3 delivery in China earlier than expected
Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as the U.S. luxury electric vehicle maker looks to revive sales in the world’s biggest auto market.
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.
