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Oil Majors to Mull Fresh Cuts as Trade War Hits Prices

Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the U.S.-China trade war.

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Stocks Gain after Weak US Job Figures

Global stock markets posted modest gains on Friday while US jobs data pointed to a possible soft patch for the world's top economy, dealers said.

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Boeing Suspends Testing of Long-Haul 777X Aircraft

Boeing has suspended testing on its new long-haul 777X aircraft, the company said Friday, a setback that comes as it battles to rebound from the crisis surrounding the 737 MAX.

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China to Cut Reserve Requirements for Banks to Boost Economy

China's central bank announced Friday it was cutting the reserve requirements for banks, in a bid to boost lending and bolster the slowing economy.

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Trade War Cited as Cause for 10,000 U.S. Layoffs in August

The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on "trade difficulties" alone, according to figures released Thursday.

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U.S. Sees 'Modest' Growth, Businesses Show 'Near-Term' Optimism

The U.S. economy grew at an unspectacular pace in recent weeks, while businesses still took a rosy view of the near future despite the escalating U.S.-China trade war, the Federal Reserve said Wednesday.

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Putin Woos Asian Investors in Russia's Far East

President Vladimir Putin sought to lure Asian investment to Russia's Far East on Thursday as the launch was announced of a huge Arctic gas project aimed at Asian markets.

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Syria Enjoys 2019 Harvests Boost

Strong rains and reduced violence in many Syrian regions have led to much improved harvests in 2019 but high prices remain a threat to food security, the U.N. said Thursday.

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EU Makes 780 Million Euros Available in Emergency Funding for Brexit

The European Union is freeing up 780 million euros ($860 million) in emergency funds to cope with the impact of a possible no-deal Brexit on member states, officials said Wednesday.

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UK Business Activity Contracts, Raising Recession Risk

British business activity shrank in August, slammed by weakness in the key construction, manufacturing and services sectors, as the economy suffers from Brexit turmoil, a key survey showed Wednesday.

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