U.S. stock index futures edged higher on Friday as investors looked to Federal Reserve Chair Jerome Powell’s speech at a meeting of central bankers in Jackson Hole for confirmation that the central bank will cut interest rates next month.
SoftBank Group Corp-backed Indian hotel aggregator Oyo will rebrand a Hooters Casino Hotel in Las Vegas, a deal that a source with knowledge of the matter said was worth $135 million.
Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10 billion this year.
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months.
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday.
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea’s LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said.
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month.
Chinese smartphone maker Huawei Technologies said on Friday its business has been less impacted by U.S. trade restrictions than the company had initially feared and it is “fully prepared” to live and work with U.S. sanctions.
UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainable finance committee at Switzerland’s largest bank, it said on Friday.
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday.
Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit to help protect the environment.
Peppa Pig-owner Entertainment One’s shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company’s board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.
Britain’s competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers affected by payment protection insurance (PPI) mis-selling.
Luxury TV and speaker maker Bang & Olufsen would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year.
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