Tim Hortons President Alex Macedo to leave next year
(Reuters) – Restaurant Brands International Inc said on Friday Alex Macedo, the president of coffee and breakfast chain Tim Hortons, will be stepping down after two years in the role. … Read More
China to switch benchmark for floating-rate loans to lower funding costs
By Kevin Yao BEIJING (Reuters) – China’s central bank will use the loan prime rate (LPR) as a new benchmark for pricing existing floating-rate loans, in a step that analysts … Read More
Sinochem unit gets $1.65 billion investment from state firms
BEIJING (Reuters) – Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news … Read More
Explosion at Kansas aircraft plant injures 15 people
(Reuters) – At least 15 people were injured on Friday after a liquid nitrogen line exploded at a Textron Aviation plant near Wichita, Kansas, potentially setting back the launch of … Read More
Global shares gain in record year-end rally, dollar slips
By Herbert Lash NEW YORK (Reuters) – World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal … Read More
Turkish central bank lowers interest rates on credit cards: Official Gazette
ANKARA (Reuters) – Turkey’s central bank lowered the maximum limit for monthly interest rates on credit cards to 1.40% from 1.60% previously for Turkish lira, Turkey’s Official Gazette said on … Read More
S&P 500, Dow eke out records; Nasdaq win streak ends
By Lewis Krauskopf (Reuters) – The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing … Read More
Exclusive: FBI investigating British socialite and others who ‘facilitated’ Epstein
By Mark Hosenball (Reuters) – The FBI is investigating British socialite Ghislaine Maxwell and several other people linked to U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on … Read More
Sudan to lift fuel subsidies gradually in 2020: minister
KHARTOUM (Reuters) – Sudan’s transitional government plans to remove fuel subsidies gradually in 2020 and double public sector salaries to ease the impact of galloping inflation, the finance minister said … Read More
Amazon’s Ring cameras are vulnerable to hackers, lawsuit in U.S. claims
By Jonathan Stempel (Reuters) – Amazon.com Inc <AMZN.O> and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras’ defective design leaves purchasers … Read More
Dollar retreats as risk appetite returns at year-end
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar weakened across the board on Friday as optimism about the outlook for a U.S.-China trade deal lifted investors’ appetite … Read More
Oil hits three-month high on falling oil stocks, investor optimism
By Collin Eaton HOUSTON (Reuters) – Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far … Read More