- Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals.
Recent Business News
- Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world's largest publicly traded oil company.
HONG KONG/SHANGHAI - China is pressing foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources said, extending its pursuit of "malicious" short sellers of Chinese stocks to overseas jurisdictions.
WASHINGTON - The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.
BRUSSELS - The International Monetary Fund is participating fully in the ongoing talks for a new bailout program for Greece, a spokeswoman for the European Commission said on Friday, dismissing reports the IMF could be abandoning the rescue plan.
SYDNEY - Fiat Chrysler Automobiles traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and illegally enriching himself through commercial deals.