Friday 15 February 2019

Oil rises over 2 percent to 2019 highs on tightening supplies

Oil rises over 2 percent to 2019 highs on tightening supplies

Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.

Big U.S. exchanges to sue SEC over 'overreaching' fee experiment

The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.

Mattel shares plunge on 2019 forecast

Mattel Inc said on Friday 2019 gross sales were expected to be flat, with weakness in Thomas & Friends and American Girl offseting comparatively stronger sales of its Barbie and Hot Wheels brands, sending the toymaker's shares down 14 percent.

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

Mexico to inject $3.6 billion in Pemex, seeks to prevent credit downgrade

Mexico will inject $3.6 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.

After strong 2019 start for U.S. stocks, trade verdict looms

Optimism about a U.S.-China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world's two largest economies comes to a head.

Wall Street rallies on U.S.-China trade optimism

Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war.

Alphabet unit seeks share of property taxes for Toronto smart city

Alphabet Inc's Sidewalk Labs unit is proposing it get a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to build a smart city, according to the company's slide presentation made public on Friday.

U.S.-China trade talks to resume next week, Trump hints at extension

The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. President Donald Trump repeated on Friday that he may extend a March 1 deadline for a deal and keep tariffs on Chinese goods from rising.

Hundreds of Chinese protest against BBVA in Madrid

Hundreds of Chinese citizens waving Spanish and Chinese flags took to the streets of Madrid on Friday to protest against BBVA, saying the bank had blocked their accounts.

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