International News
Europe close: Stocks gain as weak US jobs report boosts Fed rate cut expectations
European stocks ended in the green on Friday as a disappointing non-farm payrolls report fuelled hopes of a rate cut by the US Federal Reserve, helping to offset some weak German data.
Trump could use 'national emergency' to impose tariffs on Mexico
Trump could consider declaring a new national emergency in order to be able impose tariffs on Mexico.
Russian destroyer nearly collides with American cruiser in Philippine Sea, US Navy says
A Russian destroyer nearly collided with an American guided missile cruiser in the Philippine Sea overnight.
Beyond Meat shares soar as group ups guidance, tops revenues estimates
Plant-based substitutes manufacturer Beyond Meat topped estimates on the Street with its first-quarter results overnight and told investors that its revenues would more than double in 2019 on the back of a seemingly never-ending demand for its products.
US open: Rally continues into fourth straight session as potential rate cuts remain in focus
Wall Street got off to a good start on Friday, with stocks looking to extend their rally into a fourth straight session amid hopes of progress on trade talks between the US and Mexico and increased chances of a Fed rate by the end of the year.
Toyota aims to launch two ultra-compact electric vehicles by 2020
Toyota is aiming to get half of its global sales from electric vehicles by 2025 and is looking to launch two two-seater ultra-compact electric vehicles by next year.
New Huawei models won't have Facebook, Instagram or Whatsapp pre-installed
Facebook won’t allow Huawei to pre-install its apps on the manufacturer's new smartphones anymore, reported Reuters on Friday.
US NFP rise by 75,000 in May, 2-year Treasuries jump
Hiring in the States slowed down sharply in May, even if after a 224,000 gain during the previous month.
PBoC Governor says "tremendous" room left for more stimulus
China's central bank has "tremendous" room to provide further policy stimulus if trade tensions with Washington escalate, its Governor said at the end of the week.
Waterstones owner Elliott to buy Barnes & Noble in $683m deal
Barnes & Noble, the largest bookseller in the US, has agreed to be bought by Elliott Management for around $683m in cash.
German industrial production slumps in April
German industrial production fell much more sharply than expected in April, according to figures released by Destatis on Friday.
Huawei must improve 'shoddy' security standards, UK cyber official says
A senior British cyber security official from the GCHQ said on Thursday that Huawei needs to raise its “shoddy” security standards as the company faces pressure from the US and its allies.
Asia report: Markets rise on US trade talk optimism, PBoC confidence
Asian markets followed US indices higher overnight, with investors optimistic that the US will delay the imposition of 5% tariffs on Mexican goods that is set to go into force next week.
US pre-open: Stocks look set to continue rally into fourth straight session
Stocks on Wall Street looked set to extend their rally into a fourth straight session on Friday amid hopes of progress on trade talks between the US and Mexico.
Bundesbank cuts growth forecasts as industry lags
Germany's central bank has cut its forecast for growth in 2019 and 2020, blaming an industrial downturn in Europe's biggest economy.