Stocks set for best week since March
LONDON (Reuters) – World shares rose on Friday as investor appetite for risky assets got a boost from soft U.S. inflation numbers, helping soothe worries that the Federal Reserve might step up the pace of its rate hikes.
Oil near multi-year highs as Iran sanctions tighten supply outlook
LONDON (Reuters) – Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand.
Iran says Airbus to announce its decision on selling planes to Tehran soon: Fars
ANKARA (Reuters) – Iran said on Friday that Airbus would announce in the next few days whether it would sell planes to Tehran after the United States withdrew from an international nuclear deal and said it would reinstated sanctions on the Islamic Rep…
Britain’s Zoopla, PrimeLocation bought by Silver Lake for $3 billion
(Reuters) – Silver Lake is buying Zoopla and PrimeLocation owner ZPG for 2.2 billion pounds ($3 billion), delivering a windfall for its largest shareholder the Daily Mail publishing group.
Exclusive: North Korean traders offering cheap coal on hopes sanctions will ease – Chinese traders
BEIJING (Reuters) – Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, t…
Silver Lake to buy property websites Zoopla, PrimeLocation for $3 billion
(Reuters) – U.S.-based private equity firm Silver Lake Management Company has agreed to acquire ZPG plc , the owner of British property websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3 billion).
Asian stocks near three-week high, eyes on upcoming U.S.-Korea summit
SYDNEY (Reuters) – Asian shares rallied on Friday as investors’ appetite for riskier assets got a boost from soft U.S. inflation, which helped alleviate worries of faster rate hikes by the Federal Reserve.
South Korea takes more cautious view on GM Korea turnaround than U.S. automaker
SEOUL (Reuters) – General Motors’ South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a …
Nestle falls behind as millennials warm up to frozen meals
Solon, OHIO (Reuters) – At Nestle’s $50 million research center outside Cleveland, food technicians and packaging experts set out three years ago to remake its frozen food lineup and appeal more to busy, health-conscious adults in their 20s and 30s.
U.S. activist fund Elliott to vote against Hyundai restructuring plan
SEOUL (Reuters) – U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group’s restructuring plan and urged other shareholders to reject the proposal to reform South Korea’s second-largest conglomerate.
