Blackstone to sell remaining stake in Hilton
(Reuters) – Private equity firm Blackstone Group LP has decided to exit Hilton Worldwide Holdings Inc by selling its about 5.8 percent stake or 15.8 million shares, the hotel chain operator said on Friday.
Trump’s bonfire of the treaties sweeps towards the WTO
GENEVA (Reuters) – President Donald Trump has the World Trade Organization in a chokehold, and the United States has made clear what he wants: no more judicial rulings that interpret WTO rules to Washington’s disadvantage.
Exclusive: BP chief sees shale, OPEC cooling oil markets
LONDON (Reuters) – BP Chief Executive Bob Dudley expects a flood of U.S. shale and the reopening of OPEC taps to cool the oil market after crude rose above $80 a barrel this week.
Stock futures edge higher with trade talks in focus
(Reuters) – U.S. stock index futures rose slightly in choppy trading on Friday as oil prices climbed, while investors kept a close watch on Sino-U.S. trade talks.
Socially responsible funds dump or rethink Facebook over data privacy
BOSTON (Reuters) – Several socially conscious investment firms are selling or rethinking their Facebook Inc holdings, unsatisfied by the company’s moves to strengthen personal data protection and online safety after scandals involving the improper shar…
Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle
(Reuters) – Cambridge Analytica, the political consultancy at the center of Facebook Inc’s privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday.
Porsche to recall 60,000 SUVs for emissions problems: German regulator
HAMBURG (Reuters) – Volkswagen’s sports-car brand Porsche has been asked by Germany’s KBA automotive regulator to recall around 60,000 diesel-engined Macan and Cayenne sport-utility vehicles, a KBA spokesman said.
China denies it has offered a $200 billion package to slash U.S. trade gap
BEIJING (Reuters) – China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in …
Oil prices set for sixth week of gains, India sounds alarm
LONDON (Reuters) – Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply …
Dollar and oil pause ascent, bonds and gold lick wounds
LONDON (Reuters) – Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar.
