French carmaker Renault cuts 2019 revenue outlook
French carmaker Renault on Friday cut its 2019 revenue outlook, on the back of falling demand and tough conditions within the automotive industry....
Oil prices nudge up as geopolitical tensions counter sluggish demand
Oil prices edged higher on Friday on worries about Middle East tensions, offset by a flagging global economic growth outlook amid the U.S.-China trade war....
Canada’s new cannabis licensing favors richer companies, experts say
A new licensing process for legal cannabis producers in Canada limits the ability of smaller companies to attract investment, which could leave the fledgling industry...
U.S. economic growth seen slowing in second quarter
The U.S. economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was...
Asian shares slip on mixed U.S. earnings, ECB rate hold
Asian share prices dropped on Friday following mixed U.S. earnings reports and after the European Central Bank unexpectedly held interest rates steady, while the euro...
Australian regulator to get unit specializing in tech companies
Australia’s antitrust watchdog will be strengthened with a special branch to oversee the market power of U.S. technology giants Facebook and Google under sweeping regulatory...
Australia to set up antitrust office to police Facebook, Google
Australia said it would establish the world’s first dedicated office within an antitrust regulator to police Facebook Inc and Google , setting a precedent for...
SoftBank Group announces new $108 billion Vision Fund, broadens investor base
SoftBank Group Corp announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured memoranda of understanding (MOU) for...
In Roundup case, U.S. judge cuts $2 billion verdict against Bayer to $86 million
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer Roundup...
Alphabet’s revenue rebounds; easing doubts on growth and boosting shares
Alphabet Inc shares rose about 8% after the company reported quarterly results that eased investors’ concerns about growth challenges facing its Google advertising business....