The outlook for Wall Street earnings has deteriorated significantly in recent months, data shows, raising the risk that companies in the United States may slip into recession before its economy does – with Europe close behind.
PepsiCo Inc forecast a surprise drop in full-year profit on Friday, hit by a stronger dollar, increased investments in its business and a higher tax bill.
The trading of dual-listed shares in Britain by European investors is expected to continue after Brexit, a senior official at pan-European exchange Euronext has said.
Chinese President Xi Jinping said on Friday trade talks with the United States will continue in Washington next week and that he hopes the two sides will be able to reach a mutually beneficial deal in the upcoming negotiations, state media reported.
German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s role in a money laundering scandal involving Danske Bank.
Britain’s biggest mortgage lender Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer.
Air France chief executive Ben Smith on Friday met the Dutch finance and transport ministers, amid growing unrest at the company’s vital KLM subsidiary over plans for tighter integration with its French parent.
Hong Kong telecoms company HKT apologized after a Valentine’s day deal it sent to HSBC staff offering discounted laptops “for him” but vacuum cleaners and kitchen appliances “for her” angered employees over its sexist implications.
Chinese President Xi Jinping met U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Friday, following high-level negotiations aimed at striking a trade deal ahead of a March 1 deadline.
German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s role in a money laundering scandal involving Danske Bank, Germany’s flagship lender said in a statement on Friday.
German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank’s role in the a money laundering scandal involving Danske Bank, Germany’s flagship lender said in a statement on Friday.
U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had “productive meetings” with China’s Vice Premier Liu He.
Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives.
Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter.
Asian stocks fell on Friday, retreating from four-month highs after data out of China raised concerns over deflationary pressures building in the world’s second biggest economy.
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