Global stocks gained on Friday after a battering this week as investors held out a sliver of hope for a trade deal amid last-ditch talks between the United States and China, even as a fresh round of U.S. tariffs on Chinese goods took effect.
Tata Steel on Friday said that the European Commission does not intend to clear its proposed joint venture with Germany’s Thyssenkrupp.
Britain is concerned by the escalating tariff tensions between the United States and China and believes no one benefits from a trade war, a spokeswoman for Prime Minister Theresa May said on Friday.
China urged Washington on Friday to stop putting “unreasonable pressure” on Chinese companies after U.S. regulators voted to deny market access to China Mobile Ltd and suggested they could revoke approvals given to two other Chinese carriers.
The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history.
Thyssenkrupp on Friday scrapped plans to break into two parts in favor of a listing of its prized elevator unit, responding to a massive decline in its share price since the breakup plans were unveiled in September.
Global stocks made gains on Friday as investors held out hopes for a trade deal between the United States and China, even as another round of U.S. tariffs on Chinese goods took effect.
Danske Bank hired ex-ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout of its involvement in one of the biggest money laundering scandals.
Shares in Japanese conglomerate SoftBank Group Corp tumbled 5.5% on Friday, a day after one of its biggest tech bets, Uber Technologies, priced its initial public offering at the low end of the targeted range.
The United States escalated a tariff war with China on Friday by hiking levies to 25% for $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal.
Thyssenkrupp is considering a carve-out or listing of its elevators business after abandoning plans to split itself up with a cross-shareholding structure, three sources familiar with the matter told Reuters on Friday.
The world’s biggest brewer, Anheuser-Busch InBev, filed plans on Friday to spin off its Asian business via a Hong Kong initial public offering, in a deal which two sources with knowledge of the matter said could be worth at least $5 billion.
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector’s most high-profile public contest since the 1980s.
U.S. stock futures fell and Asian shares held onto earlier-pared gains on Friday after U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods took effect, raising tensions between the world’s two biggest economies despite ongoing talks.
Occidental Petroleum Chief Executive Vicki Hollub takes her case for buying Anadarko Petroleum to the company’s shareholders on Friday, bolstered by rapid deal-making that put her on the cusp of victory.
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