U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth.
World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros ($1.1 billion) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.
The interest rate on U.S. overnight repurchase agreements climbed early Friday in advance of an operation conducted by the New York Federal Reserve which may add up to $75 billion in temporary cash in the U.S. banking system.
A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
President Donald Trump’s barrage of tweets blasting the U.S. Federal Reserve appears to have been ignored by both Republicans and Democrats who largely see the central bank as neutral in its decision making, according to results of a new Reuters Ipsos poll.
Apple’s latest iPhone 11 range hit stores in China on Friday, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches.
St. Louis Federal Reserve bank president James Bullard said on Friday he argued for a deeper, half a percentage point cut at this week’s Fed meeting because of signs the U.S. economy will slow “in the near horizon,” and that manufacturing “already appears in recession.”
Belgian police searched the home and office of Dominique Leroy, the incoming chief executive of Dutch telecom firm KPN , to investigate her sale of shares in Proximus , the company she is leaving.
Rolls-Royce will take longer than expected to fix problems with its Trent 1000 engine, frustrating efforts to get Boeing 787s grounded by the glitch flying again and knocking the British company’s shares.
World shares rose on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Britain’s Thomas Cook scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company.
Google will make an additional investment of 3 billion euros ($3.32 billion) to expand its European data centers, Chief Executive Sundar Pichai told a news conference in Finland.
British engineering firm Rolls-Royce said on Friday it expects problems with its Trent 1000 engines to take longer to fix, with a target of fewer than 10 grounded aircraft delayed until the second quarter of 2020.
Asian share prices rose on Friday as economic stimulus around the world helped eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks.
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