U.S.-China trade war triggers seafood supply chain shake-up
The U.S.-China trade war has triggered a seafood supply chain shake-up, with U.S. importers scrambling to stockpile frozen Chinese squid and tilapia ahead of looming price increases while Canada exports more lobsters to China.
Global funds raise U.S. stock holdings to three-and-a-half-year high
Global investors increased holdings of U.S. equities to their highest since May 2015 in September while reducing their exposure to emerging-market assets, where a majority believe the shake-out still has some way to go.
Healthcare momentum rides on defensive appeal, earnings, election
Healthcare company shares have taken the lead in the record-setting U.S. stock market, and a desire for investors to become more defensive combined with potentially strong upcoming earnings could drive them even higher.
SEC lawsuit sends Tesla shares tumbling
Shares of Tesla Inc dived 11 percent in early trading on Friday after U.S. regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company.
Euro falls below $1.16 as Italy’s budget seen as defying EU
The euro slipped below $1.16 on Friday for the first time in two weeks after Italy’s government agreed a budget seen by some investors as defying Brussels.
Ryanair strikes disrupt 40,000 passengers across Europe
A staff walkout at low-cost carrier Ryanair grounded planes in six European countries on Friday, disrupting the plans of more than 40,000 passengers.
Belgium to sue Google for not blurring images of defense sites
The Belgian defense ministry will sue Google for not complying with its requests to blur satellite images of sensitive military sites, a ministry spokeswoman said on Friday.
Factbox – ‘Funding secured’: SEC gives timeline surrounding tweet from Tesla’s Musk
The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Officer Elon Musk of fraud and sought to remove him from the role, saying he made a series of “false and misleading” tweets about potentially taking the company private.
Euro falls and Italian bond yields jump after ministers agree budget
The euro fell on Friday to its lowest in nearly two weeks while Italy’s bond yields hit their highest in three after the government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels.
Euro slips as Italy agrees ‘people’s budget’; dollar buoyant
The euro fell to an eleven-day low on Friday after Italy’s government agreed a budget overnight seen by some investors as defying Brussels.
