Oil prices rise $1, on course for weekly gain
Oil prices rose on Friday and were on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
Mitsubishi Motors delays factory restart in China on coronavirus
Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said on Friday.
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday.
India court stalls Amazon, Flipkart antitrust probes: lawyers
An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.
Nissan’s South Korean unit planning voluntary redundancies: source
Nissan Motor Co’s South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the automaker’s shares sank to their lowest in more than a decade.
Oil prices steady, on course for weekly gain
Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.
Zuckerberg accepts Facebook may pay more tax in different places: Politico
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Boeing to extend labor contract with engineer’s union by four years
U.S. planemaker Boeing Co said it has agreed to a tentative deal with its engineers’ union to extend its labor contract by another four years.
European shares scale record even as coronavirus shows no signs of peaking
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy.
Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers
Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker’s earnings forecast and dividend raised questions about its future profitability.
