Volkswagen chief executive Herbert Diess will take on responsibility for the carmaker’s business in China, a source said as VW’s supervisory board met in Wolfsburg on Friday.
Canadian software maker BlackBerry Ltd said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash.
Germany’s SAP still expects its margins to expand after its $8 billion takeover of Qualtrics, a U.S. company that specializes in tracking the sentiment of consumers online, Chief Financial Officer Luka Mucic said on Friday.
T-Mobile US Inc could close its acquisition of Sprint Corp as early as the first quarter of next year, based on indications it is getting from regulators, Chief Financial Officer J. Braxton Carter said at an investor conference.
China’s stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but economists and policy insiders say concerns about a potential knock to its currency will likely give the central bank pause.
SAP , the German business software company, still expects its margins to expand after its $8 billion takeover of Qualtrics, the U.S. company that specializes in tracking the sentiment of consumers online, CFO Luka Mucic said on Friday.
Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.
Volkswagen’s supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and to explore alliances with battery partners and rival carmakers.
Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector.
Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.
The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.
Asian shares shed early gains on Friday after disappointing results from U.S. chipmaker Nvidia Corp hammered its stock and sent selling rippling through the entire tech sector.
Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses.
The CEOs of Australia’s top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry.
Investors in the British pound remained on edge in early Asian trade on Friday after the currency suffered a tumultuous slide overnight on fears the country could crash out of the European Union without a divorce deal.
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