Asian indices were mostly in positive territory on Friday after a calmer end to trading in New York, while the FTSE opened was 1.5% up in early deals – recovering some of the previous day’s 3.2% loss. Investors took fright when it emerged the chief financial officer at Chinese telecoms giant Huawei had been arrested […]

(Reuters) – Wall Street fell more than 1 percent on Friday, with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report. The trade standoff between Washington and Beijing […]

WASHINGTON (Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. The Labor Department’s closely watched monthly employment report on Friday came against a backdrop of a steep sell-off […]

FRANKFURT/NEW YORK (Reuters) – Activist investor Elliott has taken a position in Germany’s Bayer (BAYGn.DE), the latest in a string of investments in German companies, three people familiar with the matter told Reuters on Friday. Elliott has held shares in Bayer already for more than one year, two of the sources said, declining to specify […]

FRANKFURT (Reuters) – Germany luxury carmaker BMW (BMWG.DE) said on Saturday Alejandro Vukotich will be the new head of its driver assistance and autonomous driving development department from January 2019. Vukotich will replace Elmar Frickenstein, who has been in charge of the department since it was created in May 2016 and who will retire after […]

The trio, who offered more than £5m in donations for the Leave campaign, each offered scathing criticism of the political process and insisted that Brexit had been “hampered”, “squandered” or “obstructed”. Billionaire financier Peter Hargreaves said there would be “no Brexit” because politicians “are cowards”. Investment manager Jeremy Hosking, a major shareholder in Crystal Palace […]

SINGAPORE (Reuters) – Noble Group (NOBG.SI) said on Friday it will seek changes to its original debt restructuring plan, with the spotlight now moving toward what the once mighty commodity merchant has called the alternative: insolvency protection. In an unusually strong move, Singapore on Thursday issued a joint statement by police, the Monetary Authority of […]

The family behind Dublin- listed home builder Abbey is in line for a windfall of more than €17m in the New Year after the company announced a special dividend for shareholders. More than 81pc of Abbey is owned by the extended Gallagher family, including executive chairman Charles Gallagher, which represents almost 17.5m shares in the […]

BRUSSELS — They are creating defenses to limit Chinese investment, accusing China of seizing technology from foreign companies and warning of Chinese efforts to undermine their political system. It may all sound like a game plan hatched by officials in Washington, but the agenda is straight out of Brussels. While President Trump battles China over […]

LOS ANGELES — The last year has been a roller coaster with 20 loops for MoviePass and its customers. The fast-growing subscription service for movie tickets spent months insisting that it was not running out of money despite evidence to the contrary. That emergency loan to keep operating? All part of the plan. That auditor’s […]