Wall Street rises as strong jobs data offsets trade worries
U.S. stocks rose on Friday as stronger-than-expected jobs growth in June and a surge in Biogen’s shares eased concerns about an escalating U.S.-China trade dispute after the two economies slapped tariffs on each other’s imports worth $34 billion.
EchoStar drops $3.2 billion bid for British rival Inmarsat
U.S. satellite group EchoStar dropped a $3.2 billion takeover approach for Inmarsat on Friday after failing with a late attempt to persuade the British company into talks.
Oil mixed as investors short-cover and Saudi boosts output
Oil was mixed on Friday, with short-covering pushing up U.S. crude futures while Brent slipped on global trade tensions and increased Saudi production.
Thyssenkrupp to refine strategy only after new CEO is named, board tells workers
Thyssenkrupp will embark upon a planned refinement of its strategy only after a new chief executive is named, the company’s management board wrote to employees on Friday.
Airbus raises demand forecast, predicts worst over in delivery delays
Airbus on Friday raised its forecast for aircraft demand over the next 20 years as it begins to recover from two years of late deliveries of its A320neo passenger jet.
World stock markets edge higher as U.S.-China trade tariffs take effect
World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for…
Volkswagen loses bid to block investigators examining legal files
Volkswagen has lost a legal challenge to prevent prosecutors from examining unpublished documents about its emission scandal, with Germany’s top court ruling on Friday that files seized from a U.S. law firm may be reviewed.
Venezuela’s domestic airline industry suffers amid economic crisis
Venezuela’s domestic airline industry is struggling to maintain operations due to hyperinflation and shortages of spare parts, according to an industry association, making it increasingly hard to obtain tickets and causing chronic flight delays.
Wall Street edges higher as strong jobs data offsets trade worries
U.S. stocks edged higher on Friday on stronger-than-expected job growth in June, offsetting concerns from a trade war between the United States and China.
Dollar falls after U.S. nonfarm payrolls report, tariffs kick in
The dollar hit three-week lows on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge – wage growth – rose less than forecast and the unemployment rate increased.
