Britain’s decision to suspend talks with Canada on a free trade deal creates the risk of tariffs being imposed on British-made cars sold in Canada, the UK car industry warned on Friday, as it urged the two sides to return to negotiations.
Brazilian airline Gol does not foresee layoffs related to its Chapter 11 proceedings, its chief executive said on Friday, after the carrier filed for bankruptcy protection in the United States as it grapples with high debt load.
Traders on Thursday piled on bets that the European Central Bank will cut interest rates from April as they took the view that policymakers are growing more comfortable with the inflation outlook.
American Express forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending amid elevated interest rates, sending the company’s shares up nearly 3% before the bell on Friday.
U.S. investors continued to reduce their holdings in equity funds for the fourth consecutive week up to Jan. 24, exhibiting caution ahead of a major inflation report and a Federal Reserve meeting set for the following week.
Shell will shut down its oil refinery in Wesseling, Germany, by 2025 and convert the site to produce chemicals as part of its drive to reduce its carbon emissions, the company said on Friday .
U.S. stock index futures fell on Friday as chip stocks sagged on a dour revenue forecast from Intel, while a crucial inflation print that could influence the Federal Reserve’s monetary policy outlook topped investors’ watch list.
Federal Reserve policymakers have signaled they won’t cut U.S. interest rates just yet; economists think they will wait until June, given ongoing strength in household spending and uncertainty over the economic outlook, and market bets now point to the April 30-May 1 policy meeting.
