 | | | | Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. | | | | | | Investors are edging back into emerging markets, even though worries about the coronavirus' impact on global economic growth have clouded prospects for the boom-and-bust asset class. | | | | | | Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year. | | | | | | Luxury department store operator Saks Fifth Avenue, owned by Canada's Hudson's Bay Co , is expanding into bankrupt fashion chain Barneys' Beverly Hills shop, people familiar with the matter said on Friday. | | | | | | Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices registered their first weekly gain since early January. | | | | | | Google on Friday attacked what it called an eye-catching 2.4 billion euro ($2.6 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount. | | | | | | Volkswagen said it will compensate owners of its heavily polluting diesel vehicles in Germany in a settlement that will cost the German carmaker 830 million euros. | | | | | | United Airlines Holdings Inc extended on Friday the cancellation of Boeing 737 MAX flights until early September, a fresh delay that comes as sources told Reuters that the timing of a key certification flight may not happen until at least April. | | | | | | Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. | | | | | | Venezuela's state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters. | | | | | |
