Business & Finance News
The European Union is getting ready to tighten rules against money laundering, an EU draft document shows, a year after previous reforms now deemed inadequate to tackle a series of banking scandals.
The number of women in senior roles at financial services firms in Britain has flatlined since 2005 despite diversity “rhetoric” from industry, according to research from the Financial Conduct Authority.
Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as the largest U.S. wireless carrier by subscribers signed up more mobile phone customers who pay a monthly bill.
Oil prices steadied on Friday and were on track for strong weekly gains as support from a surprise draw in U.S. inventories and possible action from OPEC and its allies to extend output cuts outweighed broader economic concerns.
In Japan, trucks are being designed for a driverless future with no cabin and interchangeable container areas that would allow vehicles to be highly customized for parcel delivery or even serve as mini-hotels or beauty salons.
S&P 500 and Nasdaq futures edged higher on Friday as robust earnings from Intel helped ease worries about the impact of an ongoing trade war on chipmakers, but underwhelming results from Amazon.com hit sentiment.
Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as it signed up more phone customers who pay a monthly bill.
Makers of airless tires such as Japan’s Bridgestone Corp. hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tires in every way except resistance to puncture.
Speculation the Federal Reserve will continue cutting interest rates well past its policy meeting next week is pushing some bond fund managers into assets ranging from short-term Treasury bills to half-paid off 15-year home mortgages.
BMW has told United States trade representatives, including Robert Lighthizer, that intensifying a global trade war could threaten jobs in South Carolina, Chief Executive Oliver Zipse said on Friday.
In the bestselling novel “Circe” — optioned by WarnerMedia for its forthcoming HBO Max streaming service — the daughter of the Greek god Helios tames wild beasts and menaces the gods.
Next week, when WarnerMedia reveals details about its upcoming subscription streaming video service HBO Max, some current HBO subscribers in the United States will learn that they will have access to the new service at no additional charge.
British department store group Debenhams said Mark Gifford, a former chief financial officer at rival House of Fraser, had been appointed as the chairman of its parent group Celine Jersey Topco.
Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong.
Geopolitical tensions, muted economic data and mixed earnings stymied global stocks and weighed on crude oil prices on Friday with sterling hovering just above one week lows amid a new bout of Brexit anxiety.
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