Germany paves way for upgrading exhaust systems on older diesel cars
Germany on Friday cleared away legal hurdles for carmakers to upgrade exhaust emissions filtering systems on older diesel cars as a way to avoid vehicle bans, but failed to quell doubts among manufacturers and suppliers over the effectiveness of retrof…
World stocks at one-week highs as Wall Street extends rebound
World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets.
Tough to stop Nord Stream 2 now it’s being built – EU’s Oettinger
U.S. President Donald Trump’s criticism of the Russian-backed Nord Stream 2 pipeline is no reason to stop the project and any attempt to do so would be difficult now that it is being built, European Commissioner Guenther Oettinger said.
Britain’s HMV faces the music as retailer calls in administrators
Music retailer HMV said on Friday it was calling in the administrators, blaming a worsening market for entertainment CDs and DVDs, to become the latest victim of brutal trading conditions in Britain’s retail sector.
Take Five: The Year of the Bear! World markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Stock futures higher as Wall St.’s post-Christmas rally continues
U.S. stock futures were higher on Friday, extending a two-day rally amid volatile trading and raising expectations that the recent selloff may have eased for now.
Rosneft to buy at least 6 million tonnes of oil for $2 billion in 2019
Russia’s largest oil producer Rosneft will buy around 6 million tonnes of oil worth over $2 billion from domestic producers next year, according to an announcement on a state-owned website for purchases of companies’ needs.
Global stocks cautiously follow Wall Street’s surge
Stocks in Europe and Asia rose cautiously on Friday after Wall Street ended a volatile session with big gains, but fears of further price swings and worries about U.S. politics kept safe-haven currencies such as the yen and Swiss franc in demand.
Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ
The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Oil prices rebound but still weak due to oversupply
Oil prices rebounded on Friday, recovering slightly from heavy losses this week, but remained close to the lowest levels in over a year as rising U.S. inventories and concern over global economic growth rattled markets.
