Oil rises to $57 on China-U.S. trade talks, OPEC cuts
Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support.
China slashes banks’ reserve requirements again as economy slows
China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year — freeing up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown.
U.S. job growth likely picked up in December
U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy’s health that have roiled financial markets.
China-U.S. trade talks a tonic to battered markets
World stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down.
Oil rises toward $57 on China-U.S. trade talks, OPEC cuts
Oil rose toward $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices.
China cuts banks’ reserve ratios by 100 bps as economy slows
China’s central bank said on Friday it was cutting the ratio of cash that banks must hold as reserves by 100 basis points (bps), as it looks to reduce the risk of a sharper slowdown in the world’s second-biggest economy.
UK pay gap between CEOs and staff widens -lobby group
The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said.
UK consumer lending growth slows to near four-year low as Brexit approaches
Lending to British consumers grew at its slowest pace in nearly four years in November and the number of mortgage approvals fell, Bank of England data showed, adding to signs of a pre-Brexit slowdown in the economy.
Nissan’s Ghosn to make first public appearance in 7 weeks in court on Tuesday
Ousted Nissan Motor Co Ltd chairman Carlos Ghosn is set to make his first public appearance in seven weeks at a Tokyo court on Tuesday after he requested an open hearing to hear the reason for his continued detention.
Tesla to start delivering Model 3 to China buyers in March
Tesla Inc said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. electric vehicle (EV) maker’s chief executive, Elon Musk, tweeted about late last year.
