Asian shares were mostly higher Friday ahead of an update on the U.S. job market that will offer insights into how the economy is faring. U.S. futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05.
Asian shares were mostly higher Friday ahead of an update on the U.S. job market that will offer insights into how the economy is faring. U.S. futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05.
SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre is expanding free shipping in its main market Brazil, it said on Friday, a move expected to be costly but which the company hopes will drive sales higher amid fierce competition. MercadoLibre, Latin's America most valuable company by market cap, earns more than 50% of its e-commerce revenues in Brazil, where it competes with Amazon and Sea's Shopee, and more recently with players like Temu. MercadoLibre said sales of 19 reais ($3.40) or more are now exempt from shipping fees in Brazil, from a minimum of 79 reais ($14.15) previously.
SINGAPORE (Reuters) -Oil prices slipped on Friday but were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world's two largest economies. Brent crude futures fell 11 cents, or 0.2%, to $65.23 a barrel as of 0634 GMT. U.S. West Texas Intermediate crude gave up 12 cents, also 0.2%, to $63.25, after gaining around 50 cents on Thursday.
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