Business & Finance News
German car maker Volkswagen AG said on Friday that it had added two members to the executive committee of its supervisory board.
Allianz is in talks with Chinese regulators for a licence as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy.
European stocks are likely to rise another 10% by the end of September as the re-opening of economies after virus lockdowns is likely to lead to a significant pick-up in business activity, Bank of America analysts said on Friday.
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
British Airways parent company IAG said it is considering launching a legal challenge against the UK government’s 14-day quarantine rule for incoming travellers.
China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
The Bank of Japan is likely to maintain its projection that the economy will gradually recover in the latter half of this year, four sources familiar with its thinking said, heightening the chance it will forgo bold monetary easing steps at this month’s rate review.
Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.
Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound.
The $1 trillion container shipping industry is in a slowdown. Literally.
Japan’s first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide deeper into recession this year.
Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.
Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
Australia announced the biggest shakeup of its foreign investment rules in almost half a century on Friday, including additional powers to force the divestment of a business if it creates a national security risk.
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