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China and the United States have agreed on the text of a phase one trade deal, vice finance minister Liao Min said in a media briefing on Friday.

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears of a much faster slowdown in fourth-quarter economic growth than currently anticipated.

U.S. President Donald Trump on Friday said the United States had reached a so-called Phase One trade deal with China in which Washington would suspend tariffs on Chinese imports scheduled for Sunday, while Beijing would step up purchases of U.S. agricultural products.

The United States has agreed to phase out tariffs on Chinese goods, Chinese officials said at a press conference in Beijing Friday evening.

Uber submitted an appeal on Friday against a decision by London's transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process during which it can continue to take rides.

Fenwick & West LLP | Ran Ben-Tzur and James D. Evans | Dec 5, 2019 Just What Is a Direct Listing? For people not familiar with the term, a direct listing is an alternative way for a private company to "go public," but without selling its shares directly to the public and without the traditional

SoftBank Group Corp has been more cautious on assessing its investments after myriad governance problems and large losses forced WeWork to shelve IPO plans, Latin America Softbank managing partner Andre Maciel, said on Friday.

The U.S. Securities and Exchange Commission risks weakening investor protections if it allows companies to raise money in the public market through a direct listing without the support of underwriting banks, an influential broker group said on Friday.

Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.

China has postponed a news briefing to give an update on progress in trade talks with the United States until around 11:00 p.m. local time (1500 GMT) on Friday, half an hour later than originally scheduled.

Stock markets and sterling gained on Friday as U.S.-China trade hopes and an election win for Britain's Brexit-backing Conservative Party cleared two of the clouds on the global investment horizon.

U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending, which could see economists dialing back economic growth forecasts for the fourth quarter.

U.S. import prices rebounded modestly in November and the underlying trend remained soft, consistent with subdued imported inflation pressures.

Daimler is very positive about the prospects for selling luxury cars in China next year, the company's China boss Hubertus Troska said on Friday.

China will give a news briefing at 1030 pm local time (1430 GMT) on the state of trade discussions with the United States, the State Council Information Office said on Friday.