Fed’s Bullard, explaining dissent, says U.S. manufacturing appears ‘in recession’
After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials on Friday squared off over where the economy stands and what should be done about it.
Belgian police search property of KPN’s new CEO over Proximus share sale
Belgian police searched the home and office of Dominique Leroy, the incoming chief executive of Dutch telecom firm KPN , to investigate her sale of shares in Proximus , the company she is leaving.
Rolls-Royce hit by further setback to fixing Boeing 787 engines
Rolls-Royce will take longer than expected to fix problems with its Trent 1000 engine, frustrating efforts to get Boeing 787s grounded by the glitch flying again and knocking the British company’s shares.
Shares soothed by stimulus, oil heads higher
World shares rose on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January.
Google to invest 3 billion euros in European data centers
Google will make an additional investment of 3 billion euros ($3.3 billion) over the next two years to expand its European data centers, Chief Executive Sundar Pichai said in Finland.
Britain’s Thomas Cook scrambles for $250 million to avert collapse
Britain’s Thomas Cook needs to find an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe.
Rolls-Royce sees further delay in Trent 1000 engine overhaul
British engineering firm Rolls-Royce said on Friday it expects problems with its Trent 1000 engines to take longer to fix, with a target of fewer than 10 grounded aircraft delayed until the second quarter of 2020.
China sovereign fund CIC says cautious of U.S. investment amid trade war
China Investment Corp (CIC) reported a 37% dive in annual profit on Friday and said the ongoing Sino-U.S. trade war has made the Chinese sovereign wealth fund more cautious about investing in the United States.
Alison Rose gets top job at RBS, first woman to lead major UK lender
Royal Bank of Scotland named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job.
Economic stimulus lifts shares, oil edges up on Mideast tensions
Asian share prices rose on Friday as economic stimulus around the world helped eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks.
