OPEC leaders have reached an agreement to boost global crude output by around 600,00 to 700,0000 barrels a day, but the smaller-than-expected increase has U.S. oil prices marching higher Friday.

AT&T's CEO is bullish on the future of TV. Netflix shares up 106% this year suggest he should temper his enthusiasm.

The two corporate moguls are going head-to-head over Twenty-First Century Fox's valuable entertainment assets.

U.S. stocks are set for a solid open Friday, with the Dow poised to snap its 8-day losing streak, but investors are starting to count the costs for the now-escalating trade war between Washington and its biggest economic allies.

U.S. stock futures point higher on Friday, suggesting the Dow could snap its losing streak of eight straight sessions; OPEC likely to raise oil output; the 35 biggest U.S. banks pass the Federal Reserve's annual 'stress tests.'

Happy Friday. These are the headlines you need to close out this week of trading.

Global oil prices were active in early Friday trading ahead of today's key decision on output from OPEC members meeting in Vienna, where reports suggest the cartel leaders could agree to boost global supply by 1 million barrels per day.

Major U.S. tech companies are inexorably linked to China to keep their supply chains alive, and one of the biggest Asia-based firms has warned that trade tensions between Washington and Beijing are staring to become a concern.

Zhang Shidong in Shanghai shidong.zhang@scmp.com

Yuan has wiped off all gains against the US dollar this year, but the currency may bounce back after US dollar loses momentum from its recent rally