Weak credit growth raises odds of first China rate cut in years
China’s stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but economists and policy insiders say concerns about a potential knock to its currency will likely give the central bank pause.
SAP still expects to expand margins after Qualtrics deal: SAP
SAP , the German business software company, still expects its margins to expand after its $8 billion takeover of Qualtrics, the U.S. company that specializes in tracking the sentiment of consumers online, CFO Luka Mucic said on Friday.
Oil rises on expected OPEC cuts, though surging U.S. supply still weighs
Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.
VW’s supervisory board eyes multi-billion electrification plan
Volkswagen’s supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and to explore alliances with battery partners and rival carmakers.
Asia shares absorb Nvidia blow, sterling licks its wounds
Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector.
China’s U-turn on market curbs brings back the speculators
Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses.
Oil rises on expected OPEC cuts, but surging U.S. supply drags
Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.
Sterling gripped by Brexit crisis; yen enjoys safety bid
The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.
Asia mood soured by Nvidia slide, sterling scarred by Brexit chaos
Asian shares shed early gains on Friday after disappointing results from U.S. chipmaker Nvidia Corp hammered its stock and sent selling rippling through the entire tech sector.
Australia’s bank chiefs to face the music as misconduct inquiry wraps up
The CEOs of Australia’s top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry.
