Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.
Mexico to inject $3.6 billion in Pemex, seeks to prevent credit downgrade
Mexico will inject $3.6 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.
After strong 2019 start for U.S. stocks, trade verdict looms
Optimism about a U.S.-China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world’s two largest economies comes to a head.
Wall Street rallies on U.S.-China trade optimism
Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war.
Alphabet unit seeks share of property taxes for Toronto smart city
Alphabet Inc’s Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company’s slide presentation made public on Friday.
U.S.-China trade talks to resume next week, Trump hints at extension
The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. President Donald Trump repeated on Friday that he may extend a March 1 deadline for a deal and keep tariffs o…
Oil prices rise 2 percent on signs of further Saudi tightening
Oil prices climbed more than 2 percent on Friday after an outage at Saudi Arabia’s offshore oilfield boosted investor expectations for tightening supply.
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to …
U.S. drafts WTO reform to halt handouts for big and rich states
The United States proposed a reform of the World Trade Organization on Friday that would slash the number of countries that are eligible for “special and differential treatment”, a plan likely to be resisted by China, India and other countries.
Citgo Petroleum to dismiss workers in Aruba over U.S. sanctions: prime minister
A Citgo Petroleum Corp refining unit in Aruba plans to dismiss workers following sanctions imposed by the United States on Venezuela’s state-run PDVSA, the parent company of the U.S. refining firm, the island’s prime minister said on Friday.
