Progress made on trade component of G20 statement: Argentine minister
Progress has been made on the issue of trade for the final communique of the G20 meeting, Argentine Foreign Minister Jorge Faurie said on Friday.
Factbox: Tariff wars – duties imposed by Trump and U.S. trading partners
U.S. President Donald Trump has rattled the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by China, the European Union and other major trading partners of the United States.
Oil drops; losses limited by hopes of OPEC, Russia output cut
Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week.
Does Google harm local search rivals? EU antitrust regulators ask
EU antitrust regulators have asked Google’s rivals if the internet search giant unfairly demotes local search competitors, according to a questionnaire seen by Reuters, a move which could lead to a fourth case against the Alphabet unit.
Wall Street cautious ahead of crucial Trump-Xi trade meeting
U.S. stocks seesawed between slight gains and losses on Friday, as investors kept away from making big bets ahead of a trade meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies.
GM CEO to meet with U.S. lawmakers over job cuts
General Motors Co Chief Executive Mary Barra plans to visit Capitol Hill next week to discuss the company’s plans to halt production at five plants in North America next year and cut up to 15,000 jobs, two congressional aides said on Friday.
France’s Macron urges Renault-Nissan stability in talks with Japan’s Abe
French President Emmanuel Macron met Japanese Prime Minister Shinzo Abe and stressed that the Renault-Nissan alliance should be preserved, following Chairman Carlos Ghosn’s arrest in Tokyo, an Elysee official said on Friday.
G20 opens Argentina summit under shadow of China-U.S. tensions
The leaders of the world’s largest economies opened talks on Friday overshadowed by U.S. President Donald Trump’s threat to escalate tariffs on imports from China as well as military tensions between Russia and Ukraine.
SKF settles last carmaker lawsuit over ball bearings cartel
SKF has reached a settlement with Daimler over the Swedish engineering group’s alleged participation in a ball bearings cartel, drawing a line under its disputes with automakers over this issue.
Oil glut sends prices down 20 percent for November; shares little changed before Trump-Xi talks
Oil prices retreated further on Friday amid a global glut, racking up a 20 percent drop for November, while most major equity markets kept moves tight ahead of weekend talks between U.S. President Donald Trump and Chinese leader Xi Jinping.
