OPEC, Russia agree to slash oil output despite Trump pressure
OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.
Analyst View: OPEC, allied exporters to cut crude output by 1.2 million bpd
OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.
Tech stocks pull Wall St. lower, offseting jobs data bump
A drop in technology stocks weighed on Wall Street on Friday, offseting strong oil prices and a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes without fanning fears of an economic slowdown.
Kudlow says does not see Huawei issue spilling into trade talks with China: CNBC
White House economic adviser Larry Kudlow told CNBC on Friday that he does not see the recent controversy surrounding China’s Huawei Technologies Co Ltd spilling into the trade talks between the United States and China.
Investors flee bonds and stocks in turbulent week for growth and trade
Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday.
As bitcoin trading shifts shape, big money stays away
(This version of the December 7th story corrects spelling of first name to Erik (not Eric) in paragraph 21)
Oil surges 5 percent as OPEC agrees output cut
Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.
Wall St. dips at open after jobs data
U.S. stocks pulled back from steeper losses in futures trading to open slightly lower on Friday after a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes, but not enough to fan fears of an economic slowdown.
Huawei denies it poses security threat after EU warning
Chinese tech giant Huawei [HWT.UL] denied on Friday that it posed a security risk, saying that it had never been told by any government to obtain covert access through so-called “backdoors”.
OPEC, Russia close to slashing oil output despite U.S. pressure
OPEC and its Russia-led allies moved closer on Friday to clinching a deal that would cut oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.
