UniCredit may make announcement later on Friday on CEO Mustier’s future: sources
Italy’s biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with...
Self-driving car companies complain California test data may mislead
Developers of self-driving cars are amping up criticism of a California reporting requirement on test data, saying the data could mislead, as the state prepares...
Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources
World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in...
Fed policymakers call for quick, strong action in next downturn
The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor...
Oil falls over 2% on concerns over economic toll from virus
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while...
U.S. existing home sales fall as supply tightens
U.S. home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number...
Wall Street slides as data shows early business impact of coronavirus
U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, and a spike in new coronavirus cases in China and...
King Dollar rules the FX heap as virus threatens global growth
A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus....
Wall Street extends losses after data shows business activity stalls
U.S. stocks fell further on Friday after data showed U.S. business activity in the manufacturing and services sectors stalled in February, as companies grew increasingly...
L’Oreal’s online sales of make-up rose in China in February: CEO
Online sales of L’Oreal make-up and skincare products had picked up in China in February and were even stronger than a year earlier, Chief Executive...