Wall Street Week Ahead: Supercharged telecom sector could become investor favorite
SAN FRANCISCO (Reuters) – An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street’s hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.
Airbus says no-deal Brexit would threaten its role in UK
PARIS/LONDON (Reuters) – Airbus issued its strongest warning yet over the impact of Britain’s departure from the European Union, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at…
OPEC moves toward raising oil supply as Iran softens stance
VIENNA (Reuters) – OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage.
Casino and L’Oreal team up to launch new beauty stores
PARIS (Reuters) – French supermarket chain Casino and cosmetics group L’Oreal are launching new beauty stores in Paris this weekend, the latest effort by brick and mortar retailers to retain customers in the face of online competition.
Volkswagen hands over regional responsibility to brands
BERLIN (Reuters) – Volkswagen AG is handing over responsibility for regional markets to its different brands, the German carmaker said on Friday, its latest efforts to get closer to markets to respond to customer demand more quickly.
Stocks set for worst week in three months on trade war worries
LONDON (Reuters) – World shares rose on Friday but were set to end a second week lower amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices were higher ahead of an OPEC meeting later in the day.
OPEC struggles for deal to ease supply cuts as Iran resists
VIENNA (Reuters) – OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions.
Uber driver was streaming Hulu show just before self-driving car crash: police report
SAN FRANCISCO (Reuters) – Police in Tempe, Arizona said evidence showed the “safety” driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, …
Asian shares hit six-month lows as tariffs take economic toll
TOKYO (Reuters) – Asian shares stumbled to their lowest in six months on Friday, hurt by signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy before an OPEC meeting to…
Chinese media says U.S. has ‘delusions’ as impact of trade war spreads
BEIJING/SHANGHAI (Reuters) – U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese media said on Friday as Beijing kept up with its war of words with Washington w…
