The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
Oil rises alongside equities, but weak OPEC outlook caps gains
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Premium brews in Asia stoke Carlsberg’s half-year sales
Danish brewer Carlsberg posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday.
Gold rises as global recession fears lift safe-haven appeal
Gold rose over 1% on Wednesday as an inversion in the closely-watched U.S. Treasury yield curve and weak data from the euro zone stoked fears of global economic recession and drove investors toward safe-haven bullion.
Trafigura in ship fuel venture with Frontline, Golden Ocean
Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike.
Gold gains as equities slip on trade woes, growth concerns
Gold prices rose on Monday and stayed above the key $1,500 per ounce psychological level, as stock markets slipped on concerns about global economic growth and the U.S.-China trade dispute, triggering safe haven bids.
Versace apologises after T-shirt triggers fierce criticism in China
Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company’s T-shirts was widely criticised on social media in China for identifying the Chinese-controlled territories of Hong Kong and Macau as countries.
Cathay Pacific suspends pilot arrested in Hong Kong protests
Hong Kong flag carrier Cathay Pacific Airways Ltd said on Saturday it had suspended a pilot arrested during anti-government protests in Hong Kong and that “overly radical” staff would be barred from crewing flights to the mainland.
Argentines, hurting in the shadow of recession, weigh Macri’s plea for patience
Argentina’s opposition have their sights set on voters like Alfredo Espinoza, 55, a recently laid-off metals worker from the edge of Buenos Aires, looking to tap into rising hardship to rally supporters and win over swing voters disenchanted by President Mauricio Macri.
Chinese trade data calms volatile global markets
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety due to fears of a worldwide economic pullback.