Freight rates for shipping naphtha and other clean oil products from the Middle East to Japan have jumped 13% to their highest levels in nearly two weeks after Washington imposed sanctions on tanker subsidiaries of China's COSCO, according to industry sources and Refinitiv data.
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the now grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House Committee said on Friday.
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U.S. stock markets were set to gain on Friday but still looked on course to end the week in negative territory as the shock of the launch of an impeachment investigation into President Trump was countered by hopes for progress with China on trade.
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Wells Fargo & Co on Friday named Charles Scharf, the chief executive officer of Bank of New York Mellon , to its top job.
Oil prices fell on Friday and were heading for a weekly loss on a faster than expected recovery in Saudi output while slowing Chinese economic growth dampens the demand outlook.
World shares erased losses on Friday, buoyed by a wave of optimism that U.S.-China trade tensions might be easing as markets largely brushed off concerns about possible impeachment moves against U.S. President Donald Trump.
Apple Inc plans to take a different path to streaming rival Netflix and allow theatrical releases for some of the feature-length films it has begun producing for its new Apple TV+ service, the Wall Street Journal reported on Friday.
British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities, bank executives said.
Germany intends to remain represented on the Executive Board of the European Central Bank and will shortly name a candidate to succeed Sabine Lautenschlaeger, who announced she would resign earlier this week, a Finance Ministry spokesman said.
The shock resignation of outspoken policy hawk Sabine Lautenschlaeger from the European Central Bank's Executive Board vacates a seat at the ECB's top table just as Mario Draghi prepares to hand over the presidency to Christine Lagarde.
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Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share from 38.50 euros, heating up a bidding war over Osram.