Business & Finance News
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.
Alphabet Inc’s Google would waive off the fee it collects from news publishers using its ad services for the next five months, the search giant said on Friday.
Wall Street bounced on Friday, boosted by a surge in Boeing shares, with President Donald Trump’s plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19 helping sentiment.
Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources told Reuters on Friday.
As the U.S. quarterly earnings season picks up steam next week, investors will get an early glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday.
Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland’s Fortum secured a 69.6% stake in the German energy group.
Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.
General Motors said on Friday it had started delivering the first batch of 54 ventilators to U.S. hospitals treating severely ill COVID-19 patients.
Nigeria’s Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.
Chile’s LATAM Airlines , South America’s largest carrier, will cancel 95% of its scheduled flights in May, the company said on Friday, maintaining similar levels to its current operations due to the coronavirus crisis.
E-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the UK, trade magazine the Grocer reported on Friday, citing suppliers.
Global stocks rallied on Friday on President Donald Trump’s plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid a growing risk-on sentiment among investors.
Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report.
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