Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.
S&P 500, Dow hit new highs on rate cut optimism
The S&P 500 and the Dow Jones Industrial Average hit record highs on Friday, as the indexes continued a strong run for the week on raised expectations of an interest rate cut this month.
Partial ECM exit to leave Deutsche Bank focused on Europe
Deutsche Bank is focusing its equity capital markets (ECM) business such as initial public offerings (IPOs) on Germany and Europe, scaling back in the United States and retreating from most of Asia, banking sources said.
Thomas Cook enlists China’s Fosun to salvage oldest travel firm
Thomas Cook is negotiating a 750 million pound ($941 million) rescue that will give Fosun Tourism , its biggest investor, control of the indebted British group’s package-tour business, in a blow to other shareholders.
Ford, Volkswagen extend multibillion-dollar alliance to electric, automated cars
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs.
S&P 500, Dow hit record high at open on hopes of rate cut
The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell’s dovish remarks this week boosted bets of an interest rate cut this month.
U.S. producer prices up slightly, point to moderate inflation
U.S. producer prices rose slightly in June as the cost of energy and other goods dropped for a second straight month, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years.
Oil prices firm on tropical storm and geopolitical tensions
Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
Airbus aims to sell more than 1,000 planes over 15 years in Latin America, Caribbean
European planemaker Airbus SE plans to sell more than 1,000 new passenger planes in the next 15 years in Latin America and the Caribbean, meeting about half the demand expected in the region, an executive of the company told Reuters.
AB InBev Asia delays pricing world’s largest IPO this year: sources
Budweiser Brewing Company APAC , the Asia-Pacific business of Anheuser-Busch InBev (AB InBev) , will not price its Hong Kong IPO of up to $9.8 billion by Friday as planned, two people with knowledge of the matter said.
