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Updated: 17 hours 22 min ago

Exclusive: TOMS Shoes creditors to take over the company

Sat, 12/28/2019 - 07:55
TOMS Shoes LLC's creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter.

Spotify to suspend political advertising in 2020

Sat, 12/28/2019 - 05:42
Spotify Technology SA said on Friday it would pause selling political advertisements on its music streaming platform in early 2020.

Exclusive: TOMS Shoes creditors to take over the company

Sat, 12/28/2019 - 05:17
TOMS Shoes LLC's creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter.

Tim Hortons President Alex Macedo to leave next year

Sat, 12/28/2019 - 04:52
Restaurant Brands International Inc said on Friday Alex Macedo, the president of coffee and breakfast chain Tim Hortons, will be stepping down after two years in the role.

Recession, robots and rockets: another roaring 20s for world markets?

Sat, 12/28/2019 - 04:22
Helicopter cash, climate crises, smart cities and the space economy -- investors have all those possibilities ahead as they enter the third decade of the 21st century.

Global shares gain in record year-end rally, dollar slips

Sat, 12/28/2019 - 04:09
World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent, but the year-end rally ebbed on Wall Street and the dollar eased as risk appetite grew.

S&P 500, Dow eke out records; Nasdaq win streak ends

Sat, 12/28/2019 - 03:14
The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along.

Amazon's Ring cameras are vulnerable to hackers, lawsuit in U.S. claims

Sat, 12/28/2019 - 02:15 Inc and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras' defective design leaves purchasers vulnerable to cyberattacks.

Oil hits three-month high on falling oil stocks, investor optimism

Sat, 12/28/2019 - 01:42
Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.

Wall Street at record highs as year-end rally continues

Fri, 12/27/2019 - 22:35
U.S. stock indexes rose slightly on Friday, continuing a year-end record rally that has been fueled by optimism over a U.S.-China trade truce and an improving global economy.

U.S. crude stocks fall far more than expected - EIA

Fri, 12/27/2019 - 22:06
U.S. crude stocks fell much more than anticipated as refineries boosted output near the end of the year, the Energy Information Administration said on Friday.

Gold little changed on sparse trade, trade uncertainties linger

Fri, 12/27/2019 - 21:33
Gold held firm above $1,500 an ounce on Friday and was set for its best week in nearly four months, as volumes remained thin in cautious holiday trade, with global economic growth concerns and U.S.-China trade uncertainties providing support.

Deutsche Telekom, works council agree T-Systems restructuring

Fri, 12/27/2019 - 21:00
Deutsche Telekom has reached an agreement with its works council on restructuring its troubled T-Systems IT services division, a company spokesman said on Friday.

UK's Domino's Pizza says CFO dies in snorkelling accident

Fri, 12/27/2019 - 20:59
Domino's Pizza Group said on Friday its Chief Financial Officer (CFO) David Bauernfeind had died in a snorkelling accident on Dec. 26 while on holiday, and an announcement about his successor would be made in due course.

Turkey unveils first fully homemade car in $3.7 billion bet on electric

Fri, 12/27/2019 - 20:34
Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.

India's internet shutdowns costing mobile carriers millions of rupees in lost revenue

Fri, 12/27/2019 - 20:11
Indian mobile operators are losing around 24.5 million rupees ($350,000) in revenue every hour they are forced to suspend internet services on government orders to control protests against a new citizenship law, a top lobby group said on Friday.

India's financial system stable despite weakening economic growth, says RBI

Fri, 12/27/2019 - 20:09
India's financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India (RBI) said on Friday.

More investors sue Danske Bank for alleged money laundering

Fri, 12/27/2019 - 19:35
About 60 investors have sued Danske Bank for 1.5 billion crowns ($224 million) over alleged money laundering, their lawyers said on Friday, the third such case to hit Denmark's biggest lender.

Indian gold dealers switch to premium on holiday constrained supply

Fri, 12/27/2019 - 19:09
Gold prices flipped to a premium this week in India due to limited supplies even as demand remained subdued, while other Asian regions barely saw any holiday purchasing.

EU may need to extend deadline for trade talks with UK - von der Leyen

Fri, 12/27/2019 - 18:47
The European Union may need to extend the deadline for talks about a new trade relationship with Britain, European Commission President Ursula von der Leyen told French daily Les Echos in an interview published on Friday.