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World stocks hold near 16-month highs after strong week

LONDON World stocks held near 16-month highs on Friday, set for a strong weekly gain, while the euro fell further after the European Central Bank’s decision to extend its stimulus program.

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Recent Business News

American Airlines raises fourth-quarter unit revenue forecast

American Airlines Group Inc raised its current-quarter forecasts for pre-tax margin and a key profitability metric, citing an improvement in average fares.

8:33am EST

Saudis order oil cuts to U.S., Europe ahead of non-OPEC talks

SINGAPORE/TOKYO/DUBAI Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.

Russia, Saudi Arabia 7:36am EST

EU launches new investigation into Chinese steel imports

BRUSSELS The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, a case Beijing said it viewed with deep concern.

6:17am EST

Pernod further expands in craft spirits with Smooth Ambler deal

PARIS Pernod Ricard , the world's second-largest spirits group, has agreed to buy a majority stake in Smooth Ambler Spirits, the U.S. maker of Old Scout bourbon and Greenbrier gin, further strengthening its portfolio of premium craft spirits.

6:38am EST

U.S. shares most attractive but recession may loom: Principal Global CEO

TOKYO Principal Global Investors has upgraded its view on the U.S. economy and equities as it sees higher growth because of likely tax cuts and increased fiscal spending from the incoming U.S. administration, its chief executive officer said on Friday.

8:02am EST

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