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Borrowers whose schools abruptly shut down or used misleading practices won’t have to pay taxes on their forgiven balances. Press Release Distribution Service

The S&P 500, Nasdaq and Russell 2000 are all in record territory. Press Release Distribution Service

Raids were carried out on the homes and offices of the three people, at a time when Berlin faces pressure over Huawei, the Chinese company that the U.S. has labeled a national security risk. Press Release Distribution Service

The new deal between the United States and China leaves untouched the thorniest issues driving the two economic giants apart. Solving them could take years. Press Release Distribution Service

President Trump and a top Chinese official signed a long-awaited phase-one trade deal yesterday. Here’s who benefited, and who was left out in the cold. Press Release Distribution Service

The embattled executive says he left the automaker in good shape. But industry experts and U.S. dealers blame his strategy for its current troubles. Press Release Distribution Service

World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. Press Release Distribution Service

China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. Press Release Distribution Service

Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. Press Release Distribution Service

HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters. Press Release Distribution Service

China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. Press Release Distribution Service

SoftBank has offered to invest up to $40 billion in the new capital city Indonesia plans to build on Borneo island, a minister said on Friday, though the Japanese tech conglomerate said no figure had been suggested yet. Press Release Distribution Service

Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility. Press Release Distribution Service

Indian Prime Minister Narendra Modi’s ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon announced plans to create a million jobs in the country by 2025. Press Release Distribution Service

Bayer is close to settling more than 75,000 cancer claims related to its Roundup herbicide, mediator Ken Feinberg told Bloomberg in an interview, saying he was “cautiously optimistic” a deal could be reached in about a month. Press Release Distribution Service

Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-U.S. trade deal. Press Release Distribution Service

Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters. Press Release Distribution Service

The world’s second-biggest fashion retailer H&M said on Friday it would open a first store in Panama at the end of 2020, making the country its first Central American market. Press Release Distribution Service

As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. Press Release Distribution Service

Renault said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. Press Release Distribution Service

British Airways-owner IAG lifted a restriction on non-EU investors’ ability to buy its stock, helping boost its share price by more than 5%. Press Release Distribution Service

Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. Press Release Distribution Service