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Updated: 5 hours 26 min ago

China to halt added tariffs on U.S.-made cars in easing of trade tensions

6 hours 9 min ago
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.

Mexico loses 10-year WTO battle over U.S. tuna labelling

6 hours 14 min ago
The United States won a legal battle over "dolphin safe" tuna-labelling on Friday, when the World Trade Organization's appeals judges dismissed Mexico's argument that the U.S. labelling rules violated WTO rules.

Noble says to push forward with restructuring after Bermuda court order

8 hours 44 min ago
Noble Group said on Friday it will take steps to complete its restructuring as soon as possible after a Bermuda court appointed an officer to facilitate the process.

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal - sources

8 hours 49 min ago
T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.

Wall Street tumbles on global growth worries, J&J decline

8 hours 56 min ago
Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.

Global growth worry hits stocks, but U.S. data lifts dollar

8 hours 57 min ago
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.

U.S. sets new March 2 date for China tariff increases amid talks

10 hours 33 min ago
The U.S. Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.

Farm, automaker groups press U.S. officials to push for more EU access

11 hours 34 min ago
U.S. farm, automaker and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union lead to an increase in their access to EU markets with less red tape.

Irish regulator investigates Facebook over private photo glitch

11 hours 56 min ago
An Irish regulator said on Friday it was investigating Facebook Inc following the company's disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.

Bond giant Pimco expects 30 percent chance of U.S. recession in '19

Fri, 12/14/2018 - 23:58
Declining global economic growth rates will boost defensive stocks and could lead to opportunities in emerging market currencies and mortgage bonds in the year ahead, asset manager Pacific Investment Management Co (Pimco) said in its 2019 outlook on Thursday.

LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

Fri, 12/14/2018 - 23:57
Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.

J&J shares nosedive on report it knew of asbestos in Baby Powder

Fri, 12/14/2018 - 23:49
Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.

Oil drops 2 percent on Wall Street losses, weak China data

Fri, 12/14/2018 - 23:27
Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world's biggest oil importer.

J&J knew for decades that asbestos lurked in its Baby Powder

Fri, 12/14/2018 - 23:14
Darlene Coker knew she was dying. She just wanted to know why.

Exclusive: Nissan probe into Ghosn trains lens on 'CEO Reserve' fund, Dutch unit

Fri, 12/14/2018 - 21:02
Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal 'CEO Reserve' fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.

EU banking watchdog says no-deal Brexit could disrupt payments

Fri, 12/14/2018 - 20:30
Although the main banks have stepped up preparations for a potential no-deal Brexit, UK-based payment firms used by European Union customers are not ready, the bloc's banking watchdog said on Friday.

Gold dips to one-week low as dollar bounces on strong data

Fri, 12/14/2018 - 20:22
Gold fell to its lowest in more than a week on Friday and was on track to mark its biggest weekly decline in more than a month, as the dollar climbed on robust U.S. economic data ahead of a U.S. Federal Reserve meeting next week.

Mexico's new budget: fiscal miracle or a December disaster?

Fri, 12/14/2018 - 20:15
Nervous bond holders will pore over Mexico's budget like never before this weekend to see if leftist President Andres Manuel Lopez Obrador can pull off higher social spending, tax cuts and pricey oil ventures without increasing debt.

Italy's Conte sees EU budget deal close, no changes to 2019 deficit

Fri, 12/14/2018 - 20:13
Italian Prime Minister Giuseppe Conte expressed hope on Friday of reaching a deal with Brussels this weekend over his government's revised 2019 budget to avoid an EU disciplinary procedure, but offered few new concessions.

China's aluminium output rebounds in November, defies weak prices

Fri, 12/14/2018 - 06:17
China's primary aluminium output rebounded in November after three straight months of decline, defying a fall in prices for the metal used in everything from construction to making cars.