Business & Finance News
Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.
AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.
The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.
Major European Union countries want to sign a memorandum of understanding on China’s Belt and Road initiative as a group and not as individual states, German Economy Minister Peter Altmaier said on Friday.
Britain is committed to help realize the potential of China’s Belt and Road Initiative (BRI), British finance minister Philip Hammond said on Friday, describing the policy as a “vision”.
The dollar retreated from 23-month highs on Friday ahead of keenly awaited U.S. gross domestic product data for the first quarter, while global shares were on track for a fifth weekly gain in a row despite subdued trade.
The world’s biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important market.
The European Economic Area wants to sign a memorandum of understanding on China’s Belt and Road initiative as a whole and not as individual states, German Economy Minister Peter Altmaier said on Friday.
Glencore Plc shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.
Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.
Britain is committed to help realize the potential of China’s Belt and Road Initiative (BRI), British finance minister Philip Hammond said on Friday.
Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.
Daimler’s first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset costs from a production delay for its Mercedes-Benz GLE and higher raw material costs.
Renault SA will propose to Nissan Motor Co a plan to create a joint holding company in which both firms would nominate a nearly equal number of directors, as the French automaker seeks further integration with its Japanese partner, the Nikkei newspaper reported on Friday.
Asian shares were headed for their biggest weekly loss in more than a month on Friday, while the dollar held around two-year highs on speculation that U.S. data later in the day will show its economy is outperforming the rest of the developed world.
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