Thyssenkrupp said it would embark on a fresh restructuring and list elevators, its most successful business, on Friday as regulatory opposition scuppered plans to hive off its steel division, unravelling a wider revamp.
Activist investor Cevian Capital on Friday said Thyssenkrupp urgently needed a fundamentally new direction after the company announced abandoning plans to hive off its steel business and split up the rest of the conglomerate.
Ride services giant Uber Technologies Inc is set to make its long-awaited stock market debut on Friday, after its initial public offering was priced at the lower end of its expected range.
Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals.
Wall Street was set to open lower on Friday, as investors fretted over the possibility that the trade dispute between the United States and China may linger, even as the two sides held last-minute talks to seal a deal.
The value of Canadian building permits rose 2.1% in March, driven higher by construction plans in the four Western provinces, after falling a revised 5.1% in February, Statistics Canada data showed on Friday.
The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods amid last-ditch talks to rescue a trade deal, as U.S. President Donald Trump signaled that talks could drag on beyond this week.
Thyssenkrupp abandoned plans to hive off its steel business and split up the rest of the German conglomerate on Friday after a lengthy battle with activist investors and regulators, opting to list its elevators division instead.
U.S. President Donald Trump said on Friday he was in “absolutely no rush” to finalize a trade agreement with China as U.S. negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week.
British finance minister Philip Hammond said on Friday he was hopeful the United States and China would step back from a potential trade war that risked causing very serious damage to Britain and the world economy.
India’s antitrust watchdog has ordered an investigation into Alphabet Inc’s unit Google for alleged abuse of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.
Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from the success of its movie “What Men Want”, sending its shares up 3.5%.
Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
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.
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