Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans.
Taiwan is pitching India as a potential business destination to its tech, auto, renewable energy and farm sector firms as the United States’ trade war with China has pushed its companies to look for newer markets, two officials said on Friday.
President Donald Trump told reporters on Friday that the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute.
U.S. stocks rose on Friday as an interest rate cut by China’s central bank and signs of co-operation on trade between the world’s two largest economies allayed concerns over global growth.
Commerzbank said on Friday it wanted to cut 2,300 jobs and reduce the number of branches in a strategy overhaul, after the German lender’s attempt to merge with Deutsche Bank failed.
Oil prices were on track for their biggest weekly jump since January, lifted by rising Middle East tensions after a key Saudi Arabian supply hub was knocked out by an attack last weekend.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, the low-cost airline said on Friday.
Uber is still waiting to see whether its license in London, which expires on Wednesday, will be renewed as the regulator, which previously stripped the taxi app of its right to operate in the city, remains tight-lipped about the decision.
The average interest rate on what the banks charge each other to borrow reserves overnight on Thursday fell below the upper-end of the Federal Reserve’s target range for the first time this week in the aftermath of turmoil in money markets.
Replacing Chinese telecoms equipment would cost European telecom operators about $3.5 billion, a report by industry research firm Strand Consult predicted on Friday, far lower than the figure a lobby group came up with.
U.S. stock indexes were set to open slightly higher on Friday as an interest rate cut by China’s central bank and signs of more co-operation on trade allayed concerns about a slowdown in global growth.
Boston Federal Reserve Bank President Eric Rosengren, who dissented from the central bank’s decision to cut interest rates earlier this week, repeated on Friday that monetary stimulus was not needed for the U.S. economy and posed its own problems.
Mitsubishi Corp , Japan’s biggest trading house by revenue, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorized transactions in crude oil derivatives, and the matter has been reported to the police.
The boss of Netflix says the looming arrival of Apple , Disney and NBC to the global streaming market will push content costs to levels that make its epic drama about the British Royal family “look like a bargain”.
Germany’s Commerzbank is considering selling its Polish subsidiary mBank as part of a new strategy, daily Handelsblatt reported on Friday.
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