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.
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.
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