Business & Finance News
Toyota has agreed to buy out PSA Group’s stake in a jointly-managed Czech Republic factory specializing in the production of small cars, the companies said on Friday.
Oil prices steadied on Friday as expectations that OPEC and Russia would agree some form of production cut next week balanced pressure from swelling inventories.
Air France-KLM is mulling the closure of Joon, its newest airline brand, company sources told Reuters, in an about-face that could help new boss Ben Smith address the chronic underperformance of the main Air France business.
A summit of the world’s top economies will open on Friday with leaders struggling over fallout from a U.S.-China trade war that has roiled global markets and bracing for the kind of divisive geopolitical drama that President Donald Trump often brings to the international stage.
China hopes the United States can show sincerity and promote proposals both countries can accept when their two leaders meet at this week’s G20 summit, the Chinese Foreign Ministry said on Friday ahead of the key trade talks.
Tokyo authorities on Friday extended for another 10 days the detention of ousted Nissan Motor Co chairman Carlos Ghosn, who is being held in Tokyo’s main detention center after allegations against him of financial misconduct, Japanese media said.
SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than a price range as usual, pegging the deal at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing.
The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard seven years ago, the Financial Times reported on Friday.
Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories.
SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than the usual range, pegging the share sale at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing.
An optional warning light could have alerted engineers about mechanical faults on Lion Air’s Boeing 737 MAX jet that crashed last month, experts said, sparking an industry debate over whether installing the system should become mandatory.
A police raid of Deutsche Bank is continuing on Friday for a second day over money laundering allegations linked to the “Panama Papers”, a spokeswoman for the Frankfurt prosecutor’s office said.
With sluggish growth translating into the most disappointing earnings in years, European stocks are set for a tough ride if a full blown Sino-U.S. trade war erupts following Presidents Donald Trump and Xi Jinping’s G20 dinner on Saturday.
Japanese Prime Minister Shinzo Abe and French President Emmanuel Macron were arranging to meet on the sidelines of the G20 summit meeting, media said, amid signs of a brewing diplomatic feud over the power balance at the troubled Renault-Nissan alliance.
SoftBank Corp has set an indicative price of 1,500 yen ($13.23) per share for its IPO, a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.
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