Business & Finance News
The text of the Trump administration’s trade agreement with Mexico is due to be released on Friday, launching a contentious approval process as pressure mounts on Canada to sign a revamping of the trilateral NAFTA pact.
EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical’s $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
Tesla’s 5-year credit default swap hit its highest price ever on Friday, the morning after it was announced that the Securities and Exchange Commission was suing the company’s Chief Executive Elon Musk and pushing for his ouster.
The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showed on Friday.
The dollar climbed to a two-week peak versus a basket of currencies on Friday, boosted by gains against the euro amid concerns about the Italian budget and a U.S. interest rate outlook that reflects multiple rate hikes until 2020.
Hundreds of Russians braved the cold and rain to queue for days outside a Moscow phone store ahead of the release of the new Apple iPhones on Friday, but when the doors opened none stepped in to buy.
Wall Street declined on Friday, the last trading day of the third quarter, weighed by shares of U.S. lenders as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
Volkswagen’s supervisory board on Friday deferred a decision on the future of Rupert Stadler, the suspended chief executive of its premium brand Audi , a person familiar with the matter said.
Thyssenkrupp still has a long road ahead of it trying to raise margins and profits in its mediocre business divisions, investors and analysts said, adding a landmark move to split itself in two needed to be followed by changes to strategy.
The Pentagon and Lockheed Martin announced a $11.5 billion deal for 141 F-35 fighter jets, the biggest batch yet, lowering the price for the most common version of the stealthy jet by 5.4 percent to $89.2 million each, the Pentagon said on Friday.
Bank of America recently told its clients it was restricting the sale of stocks of tiny and unknown companies that trade over-the-counter for less than $5 each, CNBC reported on Friday, citing people with direct knowledge of the matter.
Global mergers and acquisitions dropped to $783 billion in the third quarter, down 35 percent from the prior quarter, as the escalating trade dispute between the United States and China cast a shadow on the financial and regulatory prospects of some deals.
Tesla Inc Chief Executive Officer Elon Musk refused to pay a nominal fine and give up the role of chairman for two years as part of a settlement with the U.S. Securities and Exchange Commission, CNBC reported on Friday, citing sources.
U.S. stocks opened lower on Friday, the last trading day of the third quarter, weighed by bank stocks as Italy’s budget worries roiled financial markets and trade concerns hurt sentiment.
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