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Futures rise on signs of easing trade tensions, jobs data in focus

(Reuters) -U.S. stock index futures rose on Friday as hopes of a de-escalation in a punishing U.S.-China trade war offset disappointing earnings updates from Apple and Amazon. Global stocks rose as Beijing said on Friday it was “evaluating” an offer from Washington to hold talks ...
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Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production

By Sheila Dang HOUSTON (Reuters) – Exxon Mobil on Friday beat Wall Street’s estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. Profit during the January-March quarter was $7.71 billion or $1.76 per ...
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Chevron meets Wall Street profit estimates as refining recovers from previous quarter

By Sheila Dang HOUSTON (Reuters) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, as the company saw a turnaround in its refining business from a loss late last year. The company’s chief financial officer, Eimear Bonner, said Chevron’s ...
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TikTok hit with 530 million euro privacy fine in investigation into China data transfer

LONDON (AP) — European Union privacy watchdogs fined TikTok 530 million euros ($600 million) on Friday after a four-year investigation found that the video sharing app’s data transfers to China breached the EU’s strict data privacy rules. Ireland’s Data Protection Commission also sanctioned TikTok ...
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TikTok fined 530 million euros by EU regulator over data protection

DUBLIN (Reuters) -TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator on Friday over concerns on how it protects user information and was ordered to suspend data transfers to China if its processing is not brought into compliance within ...
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World food prices increase in April, UN’s FAO says

LONDON (Reuters) -Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes ...
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HSBC says trade turmoil poses serious risks to global growth

By Lawrence White and Sinead Cruise LONDON (Reuters) -Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to read the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday. Speaking at the bank’s ...
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DHL CEO says rival’s claim it broke antitrust rules is unfounded

FRANKFURT (Reuters) – The CEO of German postal services group DHL said on Friday that accusations of anti-competitive conduct brought by smaller rival Deutsche Versand Services GmbH were without any merit. DHL CEO Tobias Meyer spoke at its annual shareholder meeting. Deutsche ...
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Japan’s finance minister calls US Treasury holdings ‘a card’ in tariff talks with Trump

TOKYO (AP) — Japan’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration, Finance Minister Katsunobu Kato said Friday. “It does exist as a card, but I think whether we choose to use ...
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Euro zone inflation holds steady in April, service prices surge

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone inflation held steady a touch above the ECB’s 2% target in April but underlying price pressures picked up more than projected, likely making some ECB policymakers nervous, even if a trade war may justify more interest rate cuts. Inflation ...
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Japanese trading houses lure investors with healthy returns amid US tariff uncertainty

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japanese trading houses from Mitsubishi to Sumitomo Corp promised healthy shareholder returns this year amid cautious profit forecasts, trying to keep investors, including Warren Buffett, happy amid U.S. tariff uncertainty. Buffett’s Berkshire Hathaway is a large minority shareholder ...
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Tesla’s sales in key European markets plunge in April

COPENHAGEN (Reuters) -Tesla sales in some European markets fell sharply in April, in an acceleration of a trend seen since the beginning of the year for Elon Musk’s EV brand, as Europeans buy more Chinese cars and some protest against his political views. Tesla’s new ...
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