News

The European Union's Brexit negotiator Michel Barnier on Friday ruled himself out of the race to become the head of the European Commission, the bloc's executive, next year, saying he needed to remain focused on the talks with Britain.

Tesla Inc Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html on Friday, citing sources.

Bank of England Deputy Governor Dave Ramsden said on Friday he saw signs that investors were increasingly insuring against "downside" Brexit outcomes, although these moves were small in comparison to before the Brexit vote.

Russia's current account surplus more than doubled in the first half of 2018 to $49.4 billion from $22.9 billion a year earlier, the Russian central bank said in a statement on Friday. (Writing by Andrey Kuzmin Editing by Gareth Jones)

* Analysts worry over ability to raise funds without Musk (Updates shares, recasts lede, adds former SEC official)

Tesla Inc's Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html on Friday, citing sources.

A small centrist party holding the balance of power in Norway's parliament should consider aligning itself with the Labour-led opposition, the party's leader said on Friday, in a switch that could topple the centre-right government.

The European Union's Brexit negotiator Michel Barnier on Friday ruled himself out of the race to become the head of the bloc's executive late next year.

A small centrist party holding the balance of power in Norway's parliament should consider aligning itself with the Labour-led opposition, the party's leader said on Friday, in a switch that could topple the centre-right government.

U.S. Treasury yields held near their session lows on Friday as data on domestic consumer spending and income came within expectations in August, supporting analysts' view of solid economic growth in the third quarter.