Oil rises on hopes for U.S.-China trade deal
Oil prices rose on Friday on signs of progress in U.S.-China trade talks and a surprise bounce in Chinese manufacturing activity.
Oil prices rose on Friday on signs of progress in U.S.-China trade talks and a surprise bounce in Chinese manufacturing activity.
U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would continue to prop up the slowing economy for a while.
Exxon Mobil Corp's third-quarter profit nearly halved, hit by lower oil prices and weaker margins in refining and chemicals, with its three major business reporting lower year-over-year profit.
Chevron Corp reported a 36% drop in third-quarter profit on Friday as the oil major was hit by lower oil and gas prices due to record shale oil output in North America and a slowing global economy.
U.S. stock index futures extended gains on Friday after data showed domestic job growth slowed less than expected in October, adding to optimism spurred by strong manufacturing data out of China.
British car dealership Lookers said on Friday its top boss and operations chief will step down immediately after weak sales led to a second profit warning in less than four months, sending its shares down as much as 30% and rattling peers.
A wide swath of the U.S. travel and leisure industry is set to provide insight next week on the state of the economy, including trends in consumer spending, fallout from U.S.-China trade tensions and any damaging impact from the stronger U.S. dollar.
U.S. stock index futures gained on Friday as a surprise rise in China's manufacturing activity boosted sentiment, while investors awaited a crucial U.S. jobs report.
Insurer American International Group Inc missed analysts' estimates for third-quarter profit on Friday due to weakness in its life and retirement business.
Brazilian government officials this week tempted airline executives with a pitch: Latin America's largest domestic aviation market is opening up and it badly needs more competition.
Deutsche Bank said on Friday it had promoted Fabrizio Campelli to chief transformation officer with a mandate to oversee the biggest reorganization in the bank's history, including its plans to cut 18,000 jobs worldwide.
China's Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses.
Nordic and Baltic stocks market operator Nasdaq said on Friday its markets would reopen at 1200 GMT following a trading halt due to technical issues.
IndiGo must replace all Pratt & Whitney (P&W) engines on its fleet of 97 twin-engined Airbus A320neo family aircraft with new P&W power units, India's air safety watchdog said on Friday following recent inflight engine shutdowns.
Exxon Mobil Corp's third-quarter profit nearly halved, mainly hit by lower oil prices and weakness in its chemicals business.