July 19, 2019

Fed rate cut bets lift stocks, dollar steadies

Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a […]
July 19, 2019

Oyo founder to buy back $2 billion worth stake in SoftBank-backed Indian co

Indian hospitality startup Oyo Founder Ritesh Agarwal raised his stake in the company with a $2 billion buyback, in a move that will bring his ownership […]
July 19, 2019

Asia stocks firm as Fed props up rate cut expectations

Asian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier […]
July 19, 2019

Oil jumps after U.S. Navy downs Iranian drone

Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the […]
July 19, 2019

BMW picks ‘decisive’ new CEO to catch up with rivals

BMW named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars […]
July 19, 2019

Exclusive: IEA revising oil demand growth forecast down on slowing economy

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director […]
July 19, 2019

IEA says does not expect ‘huge increase’ in crude prices

The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its […]
July 19, 2019

GM’s mid-engine Corvettes roar onstage to take on Europeans

General Motors Co unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 […]
July 19, 2019

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary […]
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