Business & Finance News
U.S. stock index futures rose on Friday as latest comments from China lifted hopes of a trade deal after conflicting headlines this week knocked Wall Street off record highs.
Tesla Inc’s highly anticipated unveiling of its futuristic pickup truck suffered a setback after its “armored glass” windows shattered during a demonstration.
Tesla Inc debuted its electric pickup truck Cybertruck on Thursday, joining a list of automakers and start-ups that have been working on electrifying pickup trucks – the heart of the Detroit automakers’ profits.
Sanofi’s executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters.
Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers’ profits.
Global stocks inched up on Friday, lifted by China’s renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy.
Italian broadcaster Mediaset and its No. 2 investor Vivendi have not yet reached an agreement to end years of legal fighting ahead of a court hearing on Friday, two sources close to the matter said.
Asia-focussed insurer AIA Group Ltd on Friday named a senior executive at Chinese rival Ping An Insurance Group Co as its chief executive officer to replace company veteran Ng Keng Hooi.
Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. KKR began to target Asia’s infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.
Chinese President Xi Jinping said on Friday that Beijing and Washington should strengthen communication on strategic issues in order to avoid misjudgment and misunderstanding, China’s official Xinhua News Agency reported.
South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay rise backdated to April.
Italy’s Mediaset and France’s Vivendi failed to reach an out-of-court agreement to end years of legal disputes ahead of a court hearing scheduled on Friday, two sources close to the matter said.
Auto sales at Ford Motor Co’s China venture with Chongqing-based carmaker Changan are likely to turn positive next year, Changan’s president said on Friday.
Tesla Inc on Thursday unveiled its electric pickup truck with a futuristic angular body in gunmetal gray that looked like an armored vehicle, as the California company took aim at the heart of Detroit automakers’ profits.
China wants to work out an initial trade agreement with the United States and has been trying to avoid a trade war, President Xi Jinping said on Friday, but is also not afraid to retaliate when necessary.
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