International News
'I think we'll have a deal (with China),' Trump says
Wall Street's main market gauges flickered into life on Friday afternoon in New York, reversing early losses and moving into the green, on the heels of upbeat remarks from the US President regarding the chances of his administration being able to strike a trade deal with Beijing.
US interest rates closer to 'neutral', Fed's Clarida says
The US central bank's second-in-command noted recent volatility in stock markets, but continued to defend the need for gradual rate hikes.
Nvidia shares plunged 19% after reporting weak Q3 results
Nvidia stock fell by as much as 19% in extended hours trading on Thursday and continues to plunge on Friday after the company reported results for the third quarter of its 2019 fiscal year that fell short of analysts’ expectations.
Huawei aims to become number one smartphone maker by 2020
Huawei boss Richard Yu said he aims to make the company the number one smartphone player in the world by 2020 after overtaking Apple this year.
US open: Stocks mostly down as 'cult' stock Nvidia misses on revenue, again
US stocks opened mostly down on Friday as investors mulled over the latest developments in Sino-US relations, while disappointing earnings from chip maker Nvidia weighed on sentiment.
US industrial production rises in October, boosted by output of business equipment
US industrial production edged higher last month on the back of sharp increases in the output of business equipment and construction.
ECB's Draghi confident, but argues for patience and persistence
Outgoing European Central Bank President, Mario Draghi, sounded a confident note on the outlook for the euro area economy, describing a recent slowdown as a 'soft patch', but said policymakers needed to be "patient and persistent" in providing monetary stimulus.
Asia report: Markets mixed as sentiment takes a Brexit-fuelled dive
Markets in Asia finished in a mixed state on Friday, with sentiment taking a hit from ongoing political turmoil in the UK, as a number of ministers resigned from Theresa May’s government in the wake of the UK striking a Brexit agreement with the European Union.
Blackberry to buy AI and cybersecurity group Cylance for $1.4bn
Blackberry has agreed to buy artificial intelligence and cybersecurity company Cylance for $1. 4bn in cash.
US pre-open: Stocks seen lower as investors mull Sino-US relations, earnings
US stocks looked poised for a weaker open on Friday as investors mulled over the latest developments in Sino-US relations, with chip makers likely to see some pressure following disappointing earnings from Nvidia.
Walmart's wages targeted by new Bernie Sanders legislation
Walmart has been targeted by a new bill that would prevent large companies from completing stock buy-backs unless their employees are paid at least $15 an hour, which was introduced by senator Bernie Sanders.
Kim Jong-Un supervises tests of new North Korean 'tactical' weapon
North Korea leader Kim Jong-Un inspected a new “tactical” weapon for the first time in nearly a year this week, reported the country’s state media on Friday.
US sets sanctions on 17 Saudi officials over Khashoggi murder
The US imposed economic sanctions on 17 Saudi Arabian officials late on Thursday after the killing of journalist Jamal Khashoggi last month.