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December 6, 2019
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Global stocks rally, dollar gains on robust U.S. jobs data

Reuters
NEW YORK (Reuters) – The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. FILE PHOTO: Traders work on the...
Reuters - Business

Wall Street jumps on strong jobs data, trade hopes

Reuters
NEW YORK (Reuters) – Wall Street advanced on Friday as a robust jobs report and a note of optimism regarding ongoing U.S.-China trade negotiations enticed buyers to the equities market. All three major U.S. stock indexes were firmly in the black, inching within 1% of record highs set last week....
Reuters - Business

Strong U.S. job growth showcases economy’s resilience

Reuters
WASHINGTON (Reuters) – U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors (GM.N) returned to work after a strike, the strongest sign yet the economy is in no danger of stalling. The unemployment rate ticked...
Reuters - Business

Trump will make final call on China tariffs, likes direction of talks: Kudlow

Reuters
WASHINGTON (Reuters) – Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. FILE PHOTO: Director of...
Reuters - Business

Elon Musk defamation trial in homestretch, jury may get case Friday

Reuters
LOS ANGELES (Reuters) – Elon Musk arrived on Friday at a federal court in Los Angeles looking relaxed in a dark-colored suit, as a trial over whether the Tesla (TSLA.O) founder defamed a British cave explorer with tweets suggesting he was a pedophile approached its end. FILE PHOTO: Elon Musk...
Reuters - Business

U.S. agencies looking into Goldman-1MDB settlement below $2 billion: Bloomberg

Reuters
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid WASHINGTON (Reuters) – Goldman Sachs Group Inc (GS.N) could end up paying less than $2 billion to resolve...
Reuters - Business

Stocks rally, dollar gains on robust U.S. jobs data

Reuters
NEW YORK (Reuters) – The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks. FILE PHOTO: Traders work on...
Reuters - Business

Wall Street jumps after bumper jobs data, upbeat tone on trade

Reuters
(Reuters) – U.S. stocks advanced on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. A Labor Department report showed domestic job growth increased by the most in 10 months in November,...
Reuters - Business

Bayer reaches agreement to postpone more glyphosate lawsuits for settlement talks

Reuters
FILE PHOTO: The logo of Bayer AG is pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE) has agreed with plaintiffs to postpone its next two U.S. lawsuits over the alleged cancer-causing effects of...
Reuters - Business

Instant View: U.S. Nov payrolls up by most in 10 months

Reuters
(Reuters) – U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors’ (GM.N) payrolls and the healthcare industry stepped up hiring, confirming that the economy remained on a moderate expansion path despite a prolonged manufacturing slump. FILE PHOTO: Work crews...
Reuters - Business

Aston Martin CEO says shareholders in it for the long-term, not soliciting participation

Reuters
An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy ST ATHAN, Wales (Reuters) – Aston Martin’s two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm’s boss said...
Reuters - Business

Saudi Aramco shares to start trading December 11: Tadawul exchange

Reuters
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) – Saudi Aramco (2222.SE) shares will start trading on Dec....
Reuters - Business

Saudi, Russia look to seal deeper output cuts with oil producers

Reuters
(Reuters) – Top oil producers Saudi Arabia and Russia will seek approval for deeper output cuts from OPEC and allies on Friday in an attempt to support prices and head off a new glut building in 2020. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside...
Reuters - Business

H&M’s brand COS to test clothing rentals in China with YCloset

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar STOCKHOLM (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in...
Reuters - Business

Jurors expected to begin deliberating in Elon Musk defamation trial

Reuters
LOS ANGELES (Reuters) – Jurors were expected to begin deliberating in Los Angeles on Friday in the lawsuit brought against Elon Musk by a British cave explorer who says the Tesla (TSLA.O) founder defamed him with tweets suggesting he is a pedophile. FILE PHOTO: Elon Musk walks with his face...
Reuters - Business

Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

Reuters
JAKARTA (Reuters) – Indonesia will fine flag carrier PT Garuda Indonesia (GIAA.JK) for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport minister as saying. Evidences of Harley Davidson and Brompton bicycle, which...
Reuters - Business

Britain’s Phoenix to buy Swiss Re’s ReAssure business for $4.1 billion

Reuters
LONDON/ZURICH (Reuters) – Phoenix Group Holdings (PHNX.L) has agreed to buy the British business of Swiss Re (SRENH.S) for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer’s biggest deal to date, driving the two companies’ shares higher. The logo of Swiss insurer Swiss Re is seen...
Reuters - Business

‘Moving right along’? Shares nudge up after Trump trade talk

Reuters
LONDON (Reuters) – World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialling down the damaging trade war with China were “moving right along”. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December...
Reuters - Business

SoftBank’s Son cleaves to gut-led investing in chat with Alibaba’s Ma

Reuters
TOKYO (Reuters) – Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma. SoftBank Group founder and CEO Masayoshi Son and Alibaba founder and former Chairman...
Reuters - Business

JPMorgan banker testifying for cartel prosecutors says there was no agreement

Reuters
SYDNEY (Reuters) – A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity. FILE PHOTO: A sign outside the headquarters of JP...

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