U.S. job growth slows in July, unemployment rate drops
U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that labor market conditions continued to tighten.
China says its latest proposed tariffs on U.S. goods rational, restrained
China’s Commerce Ministry said on Friday that Beijing’s new set of proposed import tariffs on $60 billion worth of U.S. goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.
Trade worries keep lid on stocks, Italian bonds sell off on government tensions
World stocks climbed on Friday, driven by a combination of strong earnings and a rally in the technology sector after Apple became the world’s first trillion dollar company, although worries over a global trade dispute kept a lid on gains.
Kraft Heinz tops estimates as higher pricing boosts U.S. sales
Kraft Heinz Co topped quarterly profit and revenue estimates as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States, sending its shares up 4 percent in early trading.
Amazon reports 1.7 million pound UK tax bill due to share deductions
The main UK subsidiary of Amazon.com Inc had a tax bill of 1.7 million pounds ($2.21 million) on profits of 72.4 million pounds in 2017 thanks to deductions related to share-based awards to staff, accounts published this week show.
Facing U.S. tariff threat, Toyota warns car costs could rise
Toyota Motor Corp on Friday said higher U.S. auto tariffs would ramp up the cost of vehicles produced locally along with those imported to the United States from Japan, which would have a “big impact” on its bottom line.
Audi steps up production ahead of new pollution rules
Audi has stepped up production ahead of a September deadline when it becomes harder to register vehicles as roadworthy, the German premium carmaker said on Friday.
China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout: source
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions.
Heineken toasts $3.1 billion China Resources Beer premium tie-up
Heineken is taking a $3.1 billion stake in the parent of China Resources Beer , China’s top brewer, to tap a growing thirst for premium brands in the world’s biggest beer market.
Opel to slow production at two German plants: newspaper
Carmaker Opel, a unit of France’s PSA Group , plans to slow production at two German sites after the summer to help cut costs in response to declining sales, regional newspaper Allgemeine Zeitung reported on Friday.
