Wall Street's main indexes dropped sharply on Friday after Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip to Montana, dampening early optimism on U.S.-China trade talks.
Argentine bond prices rose and risk spreads tightened on Friday after the government submitted a debt renegotiation framework bill to Congress the night before, lending some clarity to how the country will respond to its latest financial crisis.
The U.S. dollar will make up 50% of the basket of currencies backing Facebook's (FB) planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook.
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to the lowest since May 2017, even as crude prices jumped more than 7% this week after an attack halved output in the world's top oil exporter Saudi Arabia.
Reven Housing Reit Inc (RVEN): * REVEN HOUSING REIT (RVEN) - CO, SOR PORT TO AMEND SOME TERMS ON RIGHTS, PREFERENCES, PRIVILEGES, VOTING POWERS OF SERIES OF SOME PREFERRED STOCK Source text: Further company coverage:
Boston Federal Reserve President Eric Rosengren on Friday said he might temper his opposition to interest rate cuts if he starts to see weakness in consumer spending. If you think the consumer is going to hold up its pretty hard to have a bad outcome, Rosengren said in answer to a question following a speech outlining his opposition to Wednesday's rate cut by the Federal Reserve.
Britain said on Friday a Brexit deal with the European Union could be reached at a summit next month, but EU member Ireland said the sides were far from agreement and London had not yet made serious proposals.
* Brent rises 6.7% in biggest weekly advance since January. * U.S. crude up 5.9% in biggest weekly gain since June. * Geopolitical tensions rise as Saudi coalition attacks Yemen. * Tropical storm Imelda hits U.S. energy infrastructure. * U.S. oil drillers cut rigs to least since May 2017 -Baker Hughes. By Stephanie Kelly.
Facebook's (FB) planned cryptocurrency Libra will be backed by a basket of currencies including the U.S. dollar, euro, yen, sterling and Singapore dollar, but excluding China's yuan, Der Spiegel reported, referring to a letter from Facebook.
The U.S. dollar rose against a
basket of currencies on Friday, putting it on track for its
first weekly increase in three, prompted by hopes of progress in
U.S.-China trade talks and that the Federal ...
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