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Motiva preliminarily picked to run Curacao refinery: report

Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday.

OPEC has shown it can reach deal despite splits: Iran oil minister

Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

(This story corrects paragraph 8 to show Wanzhou was arrested in Canada, not China)

World Economic Forum lifts ban on Russian trio

Davos organisers change tack on high-profile businessmen who are subject to US [...]

Investment chiefs fret over high debt and liquidity crunch

CIOs overseeing $21tn expect volatility, protectionism and Brexit to pose big [...]

Wall St. looks to Fed outlook Wednesday for early Christmas gift

Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally.

Boeing opens first 737 plant in China amid U.S.-Sino trade war

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world’s top travel markets that has been overshadowed by the U.S-China trade war.

China should free Canadians held after Huawei arrest, U.S.’s Pompeo says

U.S. Secretary of State Mike Pompeo said on Friday China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.

Tesla cuts China prices after tariff drop on U.S.-made cars

Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.

China to halt added tariffs on U.S.-made cars in easing of trade tensions

China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies.

California regulator opens case against PG&E for falsifying pipeline safety records

The California Public Utilities Commission has opened a proceeding to consider penalties against Pacific Gas and Electric Company, ordering immediate action against the utility for falsifying safety documents for natural gas pipelines, the regulator said in a statement on Friday.

Global growth worry hits stocks, but U.S. data lifts dollar

A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.

CVS defends settlement that allowed Aetna merger as judge assesses

CVS Health Corp defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing.

U.S. sets new March 2 date for China tariff increases amid talks

The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.

How I became a Brexiter — and why ‘no deal’ would not be disastrous

I’m thrilled to see MPs finally having to make huge decisions for their [...]

Week ahead: Fed, BoE, US government shutdown

Anti-harassment groups share $20 million CBS handout after Moonves exit

CBS Corp on Friday named the Time’s Up anti-sexual harassment group and 17 other organizations that will share a $20 million donation stemming from the exit of its chief executive Les Moonves following allegations of sexual misconduct.

Wall St. tumbles on global growth worries, J&J decline

Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.

Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday.

Small-cap S&P 600 index confirms bear market

As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years.

J&J shares nosedive on report it knew of asbestos in Baby Powder

Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.

What’s knocked markets off course?

Financial markets had seen smooth sailing in recent years. But it looks like that’s [...]

Irish regulator investigates Facebook over private photo glitch

An Irish regulator said on Friday it was investigating Facebook Inc following the company’s disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.

Air Berlin’s administrator sues Etihad for up to 2 billion euros

German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.

Little cheer for the holidays as growth worries take hold

Mike Mackenzie’s daily analysis of what’s moving global [...]

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion: CNBC

Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.

Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions – sources

T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China’s Huawei Technologies, people familiar with the matter told Reuters.

PG&E seeks 6.4 percent rate hike in 2020

(This Dec. 13 story corrects the rate-hike percentage to 6.4 from 12 in the headline and the first paragraph)

Canada says it agrees with U.S. on need to keep politics out of Huawei case

Canada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said.

Global growth worries, J&J’s tumble drag Wall St. lower

U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.

U.S. says China should free Canadians held after Huawei arrest

U.S. Secretary of State Mike Pompeo on Friday said China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.

Exclusive: Nissan probe into Ghosn trains lens on ‘CEO Reserve’ fund, Dutch unit

Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.

Irish regulator probes Facebook after it discloses bug

An Irish regulator said on Friday it had launched an investigation into Facebook Inc after the company disclosed a bug that may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.

Exclusive: T-Mobile, Sprint parents consider dropping Huawei, see U.S. security clearance for deal – sources

T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China’s Huawei Technologies [HWT.UL], people familiar with the matter told Reuters.

Colombia court fines Odebrecht consortium $250 million for graft

A Colombian tribunal fined a consortium led by Brazilian construction firm Odebrecht [ODBES.UL] $250 million and banned it from government contracts for 10 years, saying the group used corrupt tactics to win infrastructure contracts.

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.

2018: The year volatility came home to roost

U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors.

LVMH splashes out on luxury hotels with $3.2 billion Belmond deal

Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice’s landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.

Volkswagen says talks on cooperation with Ford progressing

Volkswagen’s talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday.

Facebook’s lead EU regulator opens probe into data breach

Facebook’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Friday began an investigation into a number of breach notifications received from the social networking site.

U.S. consumer spending strengthening in boost to economy

U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken.

J&J shares nosedive on report company knew of asbestos in baby powder

Shares of Johnson & Johnson tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.

Canada slams China detentions; foreign minister to press Pompeo

Canadian Prime Minister Justin Trudeau on Friday said China’s detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.

BHS ex owner Dominic Chappell failed to give pension information

The man who bought BHS for £1 is fined for not providing documents about the collapsed chain’s pension [...]

Wall Street drops on global growth fears; J&J tumbles on Reuters report

U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.