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Markets

Fed voters a less-hawkish bunch in 2020, lowering bar for US rate cut

The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve's policy-setting panel as part of its annual membership reshuffle.

Markets

Saudi, Russia win over oil producers to deeper cuts

Saudi Arabia and Russia won backing for deeper output cuts from OPEC and allied oil producers on Friday as they look to head off global oversupply in 2020 and sustain prices.

Markets

‘Moving right along’? Shares nudge up after Trump trade talk

World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialing down the damaging trade war with China were "moving right along".

Markets

US cracks down on Russian ‘Evil Corp’ hackers after US$100 million spree

U.S. and British authorities on Thursday took aim at the Russia-based cybercriminal group known as Evil Corp, indicting two of its leaders and ordering asset freezes against 17 of its associates over a digital crime spree that has netted more than US$100 million from companies across the world.

Markets

Exclusive: China’s Dongfeng plans partial sale of PSA stake – sources

China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned merger with Fiat Chrysler .

Markets

As United Airlines seals CEO succession plan, eyes turn to American

With United Airlines Holdings Inc unveiling on Thursday plans for industry veteran Scott Kirby to take the helm as chief executive officer next year, investors are turning to succession plans at another carrier: American Airlines Group Inc .

Markets

H&M’s brand tests clothing rental service in China

H&M , the world's second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in the country as environmentally conscious consumers rein in purchases.

Markets

Jurors expected to begin deliberating in Elon Musk defamation trial

Jurors were expected to begin deliberating in Los Angeles on Friday in the lawsuit brought against Elon Musk by a British cave explorer who says the Tesla founder defamed him with tweets suggesting he is a pedophile.

Markets

China unveils plan to boost pork production

China will free up as much land as possible to restore pork production to pre-swine fever levels -- including areas designated pig-free zones for environmental reasons, the agriculture ministry said Friday.

Markets

China-built Tesla cars recommended for subsidies: ministry

China's Industry Ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, according to a document published on Friday.

Markets

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