Iran-U.S. tensions take the edge off world stocks rally
World stocks fell on Friday, as worries about a threatened U.S. military strike against Iran and a global trade conflict took the edge off a central bank-induced rally from earlier in the week.
World stocks fell on Friday, as worries about a threatened U.S. military strike against Iran and a global trade conflict took the edge off a central bank-induced rally from earlier in the week.
British Airways said on Friday it will adhere to guidance from the U.S. Federal Aviation Administration (FAA) to avoid parts of Iranian airspace and its flights will continue to operate using alternative routes.
Oil prices rallied towards $65 per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world's oil output.
Huawei smart phones sales in western European countries have risen "in the past few days" as customers grow more confident the Chinese company will weather U.S. sanctions levied last month, a European executive said on Friday.
Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.
Three European central bankers are claiming oversight over Facebook's planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money.
U.S. stock index futures dipped on Friday, after a strong rally in the prior session that helped the S&P 500 hit a record high, as rising tensions between the United States and Iran kept investors on edge.
Brent oil rallied above $65 per barrel and was set to notch up a 6% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.
Shares of Micron Technology fell on Friday after J.P. Morgan lowered its outlook for the chipmaker due to the U.S. restrictions on Huawei.
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Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.
The Givling app has attracted a large and loyal following of borrowers hoping for relief from decades of monthly loan payments. It might be making their situations worse.
In a statement Friday, Bullard explains his vote against the decision to leave its benchmark interest rate unchanged.
U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introduced following the 2007-09 financial crisis.