Business & Finance News
Stock index futures handed back initial gains on Friday to point to a flat opening for U.S. markets, with the impact of a rise in oil prices on energy companies offset by a drop in chipmaker shares.
World shares hit their highest levels in more than six months on Friday as investors took the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
Danske Bank’s money laundering scandal spread on Friday as Britain’s National Crime Agency (NCA) said it is investigating the use of UK-registered companies.
SandRidge Energy Inc said on Friday interim Chief Executive Officer William Griffin would not be a candidate for the position of CEO.
French Economy minister Bruno Le Maire said on Friday that talks with Belgian transmissions supplier Punch Powerglide over the purchase of Ford’s Blanquefort gearbox plant in southwestern France should be concluded next month.
World shares hit their highest levels in over six months on Friday, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
Britain has opened an investigation into the use of UK-registered companies in suspected money laundering involving Denmark’s Danske Bank , the National Crime Agency (NCA) said on Friday.
Britain’s National Crime Agency (NCA) said on Friday that it was aware of the use of UK-registered companies in connection with Danske Bank’s Estonian branch which is at the center of a money-laundering scandal and had opened an investigation.
Asian stocks extended gains on Friday thanks to Wall Street scoring all-time highs, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.
Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.
Walmart Inc said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday.
Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race.
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