Asia shares struggle to rally, oil skids further
Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be “one-and-done” with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut.
Nissan ex-chairman Ghosn expected to be indicted on Monday: Nikkei
Tokyo prosecutors are expected to indict Nissan Motor’s ex-chairman Carlos Ghosn, former representative director Greg Kelly and the automaker itself on Monday, the Nikkei business daily reported on Friday.
Chinese state media says U.S. trying to ‘stifle’ Huawei with arrest
The United States is trying to “stifle” Chinese technology company Huawei and curb its global expansion with the arrest of a top executive, Chinese state media said on Friday.
Japan to ban Huawei, ZTE from government contracts: sources
Japan plans to ban government purchases of equipment from China’s Huawei Technologies Co Ltd and ZTE Corp to beef up its defenses against intelligence leaks and cyber attacks, sources told Reuters.
Oil drops as OPEC makes supply cut dependent on Russian support
Oil prices fell on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.
White House, Trudeau seek to distance themselves from Huawei move
President Donald Trump did not know about plans to arrest a top executive at Chinese telecoms giant Huawei in Canada, two U.S. officials said on Thursday, in an apparent attempt to stop the incident from impeding crucial trade talks with Beijing.
Bombardier expects increased business jet deliveries to fuel turnaround
Bombardier Inc said on Thursday it expects to deliver 150 to 155 business aircraft next year, helping the Canadian maker of planes and trains meet an $18 billion revenue target for 2019.
Oil firms on drop in U.S. crude stocks, market awaits OPEC/Russia supply decision
U.S. oil prices stabilized on Friday, buoyed by a fall in U.S. crude oil inventories, but sentiment remained weak as producer group OPEC postponed a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia.
Birchbox eyes ‘casual beauty customers’ with Walgreens launch
Online cosmetics retailer Birchbox made its debut inside several Walgreens Boots Alliance Inc stores across the United States on Thursday, one of many e-commerce companies expanding its physical presence to better connect with shoppers and drive sales….
Battered Asia shares try to rally on talk of Fed pause
Asian share markets tried to find their footing on Friday as speculation the Federal Reserve might be “one-and-done” with U.S. rate hikes helped salve some wounds after a punishing week.
