World stocks climbed on Friday, driven by a combination of strong earnings and a rally in the technology sector after Apple became the world’s first trillion dollar company, although worries over a global trade dispute kept a lid on gains.
Velveeta cheese maker Kraft Heinz Co topped quarterly profit and revenue estimates as the company raised prices of its products and posted higher-than-expected sales in the United States, sending its shares up 7 percent in premarket trading.
The main UK subsidiary of Amazon.com Inc had a tax bill of 1.7 million pounds ($2.21 million) on profits of 72.4 million pounds in 2017 thanks to deductions related to share-based awards to staff, accounts published this week show.
World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome.
U.S. stock index futures rose slightly on Friday ahead of the July jobs report, while the ongoing trade dispute between the United States and China weighed on investor sentiment.
Audi has stepped up production ahead of a September deadline when it becomes harder to register vehicles as roadworthy, the German premium carmaker said on Friday.
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions.
Heineken is taking a $3.1 billion stake in the parent of China Resources Beer , China’s top brewer, to tap a growing thirst for premium brands in the world’s biggest beer market.
Carmaker Opel, a unit of France’s PSA Group , plans to slow production at two German sites after the summer to help cut costs in response to declining sales, regional newspaper Allgemeine Zeitung reported on Friday.
Toyota Motor Corp on Friday said higher U.S. auto tariffs would ramp up the cost of vehicles produced locally along with those imported to the United States from Japan, which would have a “big impact” on its bottom line.
World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome.
A group of Financial Times reporters have complained about the pay of CEO John Ridding, who earned 2.6 million pounds ($3.4 million) in 2017, and called for him to give back some of the money, according to an email seen by Reuters.
Heineken NV is buying a $3.1 billion stake in the firm controlling China Resources Beer , China’s largest brewer, as the companies seek to tap a growing thirst for premium brands in the world’s biggest beer market.
Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.
How much is your DNA worth? As millions of people pay for home tests to check on ancestry or health risks, genetic data is becoming an increasingly valuable resource for drugmakers, triggering a race to create a DNA marketplace.
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