U.S. business inventories increase strongly in October
– U.S. business inventories rose solidly in October as stocks at retailers increased by the most in more than a year, suggesting inventory investment could contribute to economic growth in the fourth quarter.
LSE names Experian’s Donald Robert as next chairman
London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world’s biggest credit data firm Experian Plc .
Wall Street drops at open on growth fears
U.S. stocks opened sharply lower on Friday as weak economic data from China and Europe exacerbated global growth fears and added to nerves over the U.S.-China trade talks.
GM to begin U.S. layoff notices as it offers job transfers
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America.
U.S. core retail sales accelerate in November
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy.
U.S. industrial output up 0.6 percent in November, manufacturing flat
U.S. industrial output rose in November as a jump in mining and utilities production was offset by drops in other sectors including business equipment and construction.
China to halt additional tariffs on U.S.-made cars as trade dispute de-escalates
China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country’s finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies.
Insolvent Air Berlin’s administrator sues Etihad for up 2 billion euros
German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
Weak economic data send world stocks tumbling
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute.
Futures drop about 1 percent on global growth risks
U.S. stock index futures dropped about 0.8 percent on Friday, after weak economic data from China and Europe exacerbated global growth fears and added to unease over the ongoing trade dispute between the United States and China.
