Oil heads for week of losses despite talk of supply cut
Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.
SAP defends $8 billion Qualtrics deal
Germany’s SAP hit back at suggestions that the German business software group is paying too much for Qualtrics, a U.S. company that specializes in tracking consumer sentiment online.
Tractor maker Deere aims to ride green revolution in Africa
U.S. Deere & Co expects to see demand for its farm equipment in Africa grow 8 to 10 percent annually in the coming years, driven by expansion in key markets like Ethiopia and Zimbabwe, a local company executive said.
T-Mobile says Sprint deal may close as early as first-quarter next year
T-Mobile US Inc’s Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp will close as early as the first quarter of 2019.
Shares and sterling try to shake Brexit blues
European stocks recovered but sterling and the euro remained fragile on Friday, after some of the most dramatic 24 hours yet in the Brexit process and another turbulent week for world markets.
BlackBerry to buy cybersecurity firm Cylance for $1.4 billion
BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity on Friday with the $1.4 billion purchase of California-based machine-learning specialists Cylance.
U.S. envoy to Japan defends trade policies, say not protectionist
The United States ambassador to Japan defended his country’s trade policies on Friday, saying they were not protectionist and were aimed at creating a more level playing field for American companies.
Oil firms on supply cut talk; still set for sixth weekly loss
Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns that have shaved more than a fifth off the Brent crude benchmark since early October.
Volkswagen CEO to take responsibility for China business: source
Volkswagen chief executive Herbert Diess will take on responsibility for the carmaker’s business in China, a source said as VW’s supervisory board met in Wolfsburg on Friday.
SAP expects to expand margins after Qualtrics deal: CFO
Germany’s SAP still expects its margins to expand after its $8 billion takeover of Qualtrics, a U.S. company that specializes in tracking the sentiment of consumers online, Chief Financial Officer Luka Mucic said on Friday.
