Oil prices firm on trade hopes, but record U.S. output drags

Oil prices firm on trade hopes, but record U.S. output drags
SINGAPORE (Reuters) – Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained just below 2019 peaks reached... Read More

Italian ruling-party lawmakers push for Huawei ban: paper

Italian ruling-party lawmakers push for Huawei ban: paper
FILE PHOTO: The logo of Huawei Technologies in front of the German headquarters of the Chinese telecommunications group in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay/File Photo MILAN (Reuters) – A group of lawmakers from Italy’s ruling coalition is pushing the government to ban China’s Huawei Technologies Co Ltd from supplying equipment for the country’s rollout of 5G mobile communications,... Read More

China rebound drives Asian shares higher

China rebound drives Asian shares higher
SHANGHAI (Reuters) – Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13,... Read More

Oil prices stable on trade hopes, but record U.S. output weighs

Oil prices stable on trade hopes, but record U.S. output weighs
SINGAPORE (Reuters) – Oil prices reversed earlier falls on Friday, lifted by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained below 2019 peaks reached... Read More

Tesla rolls out Model 3 in China ahead of schedule in sales push

Tesla rolls out Model 3 in China ahead of schedule in sales push
BEIJING/SHANGHAI (Reuters) – Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as it looks to revive its sales that have been hit hard by Sino-U.S. trade tensions. FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake The California-based... Read More

Puma goes up-market to join forces with Porsche Design

Puma goes up-market to join forces with Porsche Design
A pair of shoes is displayed as sports retailer Puma launches their first sportswear collection in collaboration with Porsche Design in Berlin, Germany February 21, 2019. REUTERS/Annegret Hilse (This February 21 story refiles to give full name of Porsche Design in headline.) BERLIN (Reuters) – Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories... Read More

A Fed pivot, born of volatility, missteps, and new economic reality

A Fed pivot, born of volatility, missteps, and new economic reality
WASHINGTON (Reuters) – The Federal Reserve’s promise in January to be “patient” about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth. FILE PHOTO: A screen displays the headlines that the U.S. Federal Reserve raised interest rates as a trader works... Read More

Alibaba CEO rules out layoffs this year

Alibaba CEO rules out layoffs this year
FILE PHOTO: Daniel Zhang, Chief Executive Officer of Alibaba Group Holding Ltd., attends the Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shanghai, China, November 11, 2017. Picture taken November 11, 2017. REUTERS/Aly Song SHANGHAI (Reuters) – Alibaba Group Holding Ltd expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. The comments... Read More

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

Apple teams with Ant Financial, banks for interest-free iPhone financing in China
SHANGHAI (Reuters) – Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales. FILE PHOTO: A new iPhone X is sold at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo... Read More