The World Bank told Reuters on Friday that its executive board unanimously approved David Malpass, the U.S. Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender.
Deutsche Bank and Commerzbank favor a straightforward merger over more complex ways to structure a deal, three people close to the matter said.
Boeing and suppliers are looking at scenarios including a slowdown in production of the 737 MAX if the plane’s grounding in the wake of two accidents lasts for a number of months, as many analysts expect, a person familiar with the process said.
U.S. and Chinese trade negotiators will continue their talks next week by video conference as they try to reach a deal to resolve a nine-month-old trade war, White House adviser Larry Kudlow said on Friday.
Investors will focus on falling profits, a more dovish Federal Reserve and lower interest rates as major U.S. banks kick off what analysts expect to be the first quarter of contracting corporate earnings since 2016.
Shares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, setting the stock for its best day since its market debut last week, after short-seller Citron Research advised investors to hold on to the stock.
The U.S. economy is growing at a 1.95% annualized pace in the second quarter based on a stronger-than-expected report on domestic manufacturing in March, the New York Federal Reserve’s Nowcast model showed on Friday.
Boeing and suppliers are looking at scenarios including a slowdown in production of the 737 MAX if the plane’s grounding in the wake of two accidents lasts for a number of months, as many analysts expect, a person familiar with the process said.
Wall Street’s main indexes rose on Friday after data showed U.S. employment growth was better-than-expected in March, easing concerns of a domestic slowdown, while hopes of a U.S.-China trade deal boosted sentiment.
Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.
Oil prices reversed earlier losses on Friday as fears that an escalating conflict in Libya could disrupt oil supplies from the OPEC member outweighed trade concerns.
BMW, and Volkswagen face possible hefty fines after EU antitrust regulators on Friday charged the German carmakers and whistleblower Daimler with colluding to block the rollout of clean emissions technology.
Wall Street’s main indexes rose on Friday after data showed U.S. employment in March accelerated from a 17-month low, easing concerns of a domestic slowdown, while hopes of a U.S.-China trade deal added to the sentiment.
Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior.
U.S. security concerns about 5G mobile networks built by Chinese telecoms giant Huawei appear to be driven by politics and trade rather than any evidence, the head of the U.N. internet and telecoms agency said on Friday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
