Business & Finance News
U.S. stock index futures edged higher on Friday amid optimism that the United States and China would start new trade talks and as technology stocks rose.
China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday, people familiar with the matter said.
Oil rose on Friday, clawing back some territory after prices fell by the most in a month in the previous session, as the focus returned to supply concerns ahead of a November deadline for U.S. sanctions on Iranian crude.
The supervisory board of Volkswagen will meet on Monday to discuss the future of Rupert Stadler, the suspended chief executive of its premium brand Audi, German magazine Der Spiegel reported on Friday.
Shares rose around the world on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite.
German retailer Metro AG plans to sell its struggling Real hypermarket chain, which some analysts say could fetch around 1 billion euros ($1.2 billion) and attract interest from potential buyers including online giant Amazon .
Hyundai Motor Group promoted heir apparent Euisun Chung on Friday to a role of overseeing the conglomerate, moving him a step closer to succeeding his octogenarian father as head of South Korea’s second largest group.
Australia’s corporate watchdog sued Australia and New Zealand Banking Group Ltd on Friday over a troubled A$2.5 billion ($1.8 billion) share placement, flexing its muscle amid criticism levied at regulators for being soft on finance firms.
Japan’s Takeda Pharmaceutical Co Ltd said on Friday China’s market regulator had approved its $62 billion acquisition of Shire Plc , bringing it closer to becoming a global top 10 drugmaker.
German retailer Metro AG plans to sell its struggling Real chain and is confident of interest in the hypermarkets, which some analysts say could fetch around 1 billion euros ($1.2 billion).
Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disputes could dent demand.
Australia’s corporate regulator has launched a civil lawsuit against Australia and New Zealand Banking Group over the bank’s 2015 share placement, following action against the bank on the matter earlier by the nation’s competition watchdog.
German manufacturer Voith has been a customer of Deutsche Bank for more than a century.
Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.
Three leading investors in Italy’s Carige will have their voting rights capped at 10 percent at a key shareholder meeting next week unless they gain regulatory clearance for the their combined 15.2 percent stake, the bank said.
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