China will exempt Tesla Inc's electric vehicles from its purchase tax, the Ministry of Industry and Information Technology (MIIT) said on Friday, a concession made amidst trade tensions with the United States.
The U.S. Federal Reserve's favored measure of inflation increased last month at the pace expected by Wall Street for the first time this year.
Airbus SE on Friday pulled out of a multibillion-dollar competition to supply Canada with 88 new fighter jets, a decision that boosts the chances of rival Lockheed Martin Corp .
U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
Argentina's battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor's triggered automatic selling mechanisms at big pension funds.
The executive board of the International Monetary Fund will meet for an "informal information session" on Friday to discuss recent events in Argentina, an IMF spokesman said.
The Federal Aviation Administration said on Friday a blue-ribbon panel of experts around the world will need a few more weeks to finish its review into the Boeing 737 MAX certification.
Fintech News Switzerland | Aug 26, 2019 The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licences to two new blockchain service providers. FINMA recognises the innovative potential
Volkswagen AG must forfeit greenhouse gas emissions credits and is lowering the fuel economy ratings on 98,000 vehicles after the Environmental Protection Agency said vehicle software overstated real-world performance.
Alphabet Inc's Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube's alleged violation of a children's privacy law, a person briefed on the matter told Reuters.
U.S. Treasury yields edged higher on Friday on hopes the United States and China will take steps to de-escalate their trade war, though trading volumes were muted before a U.S. holiday.
A decline in economic activity in the U.S. Midwest, apparent in a little-noticed report on Friday from the Chicago Federal Reserve Bank, adds to evidence of slowing growth in factory-heavy corners of the country key to next year's U.S. presidential election.
U.S. stocks lost steam in afternoon trading on Friday as investors moved to the sidelines ahead of a long Labor day weekend but the three major indexes were on course to wrap up the week with their biggest gains since June.
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General Motors has cut about 350 jobs from its Thai subsidiary's operations, a labor representative said on Friday, slashing more than 15% of the workforce for the U.S. automaker that has two factories in Thailand.