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Current feed - Reuters: Business News

U.S. sources say terms set for China trade deal, but Beijing mum
Washington will suspend some tariffs on Chinese goods and cut others in return for Beijing buying more American farm goods, U.S. sources said on Thursday, although a lack of confirmation from either side cast doubt on whether a deal was finalized.

California power producer PG&E files amended reorganization plan
California power producer PG&E Corp said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy.

Oil prices hit highest in three months as U.S.-China trade deal takes shape
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies that has raised big questions about global demand for crude.

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Regulator puts loading curbs on 737 jets converted to freighters by Israel Aerospace
Israel's aviation regulator has ordered airlines with Boeing Co 737 jets converted to freighters by Israel Aerospace Industries (IAI) to comply with loading restrictions and use additional straps when needed before they can resume flying.

Qantas selects Airbus over Boeing for world's longest flights
Australia's Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world's longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year.

Asian shares, sterling on a high as global risks ebb
Asian shares scaled eight-month peaks on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain's Conservative Party cleared a couple of dark clouds from the global horizon.

'Out of market today': Australia brandishes four words crucial to case against Citi, Deutsche
A four-word handwritten note by a JPMorgan Chase & Co banker has been seized by Australian prosecutors as fundamental to a criminal cartel prosecution against Citigroup Inc and Deutsche Bank AG , a court heard on Friday.

U.S., China agree to reduce tariffs, delay duties scheduled for Dec. 15: source
The United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs that were slated to go into effect on Dec. 15 as part of a trade deal between the two economic giants, a U.S. source familiar with the situation said on Thursday.

U.S. regulator weighs action against Facebook over how its apps interact: report
The U.S. Federal Trade Commission is considering asking a court to stop Facebook Inc from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

U.S. labor board approves McDonald's bid to settle case by franchise workers
A U.S. labor board on Thursday approved McDonald's Corp's proposed settlement allowing the fast-food company to avoid a ruling on whether it is a “joint employer” of franchise workers and could be made to bargain with unions.

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