Stock rally pauses after disappointing China data
Global shares edged down from their highest in two months on Friday as data showing shrinking factory activity in China ended a rally that took them to their best January on record.
Exclusive: Qatar, Exxon to proceed with $10 billion Texas LNG project – sources
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.
Honda plans to front-load UK production ahead of Brexit
Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories.
IAG’s Walsh says Airbus needs to be more aggressive on price to sell A380s
Airbus will have to set a cheaper price for its A380 if it wants to sell more of them, IAG CEO Willie Walsh said on Friday, after Reuters reported that Emirates could switch some orders for the world’s largest jetliner.
Tesla begins sales of cheaper Model 3 car variant in China
U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing.
Disappointing factory activity threatens global growth
Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth.
Go-Jek raises $1 billion in round led by Google, Tencent, JD
Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday.
Weak China data pauses Fed-inspired rally in stocks
Global shares crept lower from their highest levels in two months on Friday as data showing shrinking factory activity in China dampened a rally that took them to their best January on record.
Sony’s profit disappoints as weaker games biz overshadows record result
Japan’s Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of EMI nevertheless pushed the quarterly result to a record high.
New e-commerce rules jolt Amazon.com in India as products vanish
India’s revised e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a wide range of products such as sunglasses and floor cleaners.
