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Didcot power station: Power cut as cooling towers demolished

Thousands lose power when a pylon catches fire moments after the Didcot A plant is brought [...]

Argentina’s economy minister resigns as peso sheds value

Nicolas Dujovne quits as the currency plummets following the president’s astounding poll [...]

Trump to extend reprieve for US companies selling to Huawei

Move comes as Washington and Beijing try to get trade negotiations back on [...]

Lime and soda? No thanks, say non-drinkers

Diageo’s investment in alcohol-free spirit maker Seedlip shows how big firms want to reach [...]

Ferrari will expand its lineup of road cars, but not too much

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.

Can big investors save the world?

Will the big polluters clean up their acts if the people who actually own them say they [...]

Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis

Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.

New board to oversee completion of Ferguson ferries

The new board will try to secure the cheapest delivery of two CalMac ferries at the now nationalised [...]

Last orders: Rise of closing auctions stirs worries in European stock markets

The final five minutes of trading have become the busiest time of day for stock market traders in Europe.

Sainsbury’s says not talking to internal candidates for CEO succession

Sainsbury’s is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company’s shareholders and the board, a company spokesperson told Reuters late on Saturday.

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.

Sajid Javid will ‘simplify’ the tax system in first Budget

The chancellor says he is a “low tax guy” and he wants to see “simpler” taxes when he delivers his [...]

Standard Chartered faces fine for sanctions breaches: Sky News

Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.

Standard Chartered faces fine in coming weeks for sanctions breaches: Sky News

Standard Chartered PLC is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.

Labour promises to tackle ‘retail apocalypse’

The party wants to give councils powers to fill empty shops to avoid the creation of “ghost [...]

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables.

Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, sources familiar with the situation said.

Court leaves PG&E with sole right to submit bankruptcy plan

A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.

PES up against the clock to sell Philadelphia refinery in cash crunch

Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.

Amazon.com defeats IRS appeal in U.S. tax dispute

Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.

U.S. judge urges VW, SEC to resolve civil Dieselgate suit

A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.

Airbnb records 30% growth rate in first-quarter on booking strength: source

Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

Tech’s Dog Days

London CCTV cameras proliferate, WeWork IPO prospectus, OnePlus 5G [...]

Trump says he is having dinner Friday with Apple CEO Cook

U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.

Take Five: Fed in a hole

On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut.

U.S. removes some Chinese furniture, modems from planned 10% tariffs

The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.

EQM stops some work on WV-VA Mountain Valley natgas pipe

EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.

PG&E to hold sole rights to bankruptcy exit plan: WSJ

A judge overseeing PG&E Corp’s bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday.

Week ahead: Jackson Hole, Fed and ECB minutes, Italy

Wall Street ends sharply higher on German stimulus optimism

U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.

Hong Kong protests: ‘We don’t want to leave but may have no choice’

Months of political unrest in Hong Kong is prompting firms to question its appeal as a business [...]

Trump spoke with bank CEOs amid market turmoil

Leaders of JPMorgan Chase, Citigroup and Bank of America briefed president on [...]

Dollar firms, global stocks soar on ECB rate cut expectations

U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.

Canada awards multi-billion contract to General Dynamics as election looms

Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.

Fitch downgrades Argentina after peso’s collapse

Rating agency cites debt risks after Macri loses primary vote to rival [...]

Oil rises alongside equities, but downbeat OPEC outlook caps gains

Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.

Exclusive: Fed’s Mester weighing argument for U.S. rate cut

One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.

Lower rates could boost housing stocks, but risks remain

Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.

Wall Street jumps on German stimulus hopes

Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week.

Markets yield to fears of a global downturn

The leading recession indicator suggests the latest downturn may already have begun but is it [...]

Oil rises alongside equities, but weak OPEC outlook caps gains

Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.

Tyson recalls nearly 40,000 pounds of Weaver chicken patties

Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said.

U.S. housing market mired in weakness; consumer sentiment ebbs

U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market.