Uber set to debut on NYSE, under pressure to avoid Lyft debacle
Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.
Sliver of hope for trade deal buoys battered stocks
Global stocks gained on Friday after a battering this week as investors held out a sliver of hope for a trade deal amid last-ditch talks between the United States and China, even as a fresh round of U.S. tariffs on Chinese goods took effect.
UK finance minister ‘optimistic’ U.S. and China will avoid trade war
British finance minister Philip Hammond said on Friday he was optimistic that the United States and China would step back from a trade war that would have a “very serious” negative effect on Britain and the world economy.
Thyssenkrupp junks split plan after investor pressure, to list elevators
Thyssenkrupp abandoned plans to hive off its steel business and split up the rest of the German conglomerate on Friday after a lengthy battle with activist investors and regulators, opting to list its elevators division instead.
Stocks futures subdued as trade deal hopes offset new China tariffs
U.S. stock index futures were muted on Friday, as expectations of a deal during the current round of U.S.-China trade talks blunted the impact from additional tariffs on Chinese goods coming into force.
Tata Steel says EU not likely to ok Thyssenkrupp JV
Tata Steel on Friday said that the European Commission does not intend to clear its proposed joint venture with Germany’s Thyssenkrupp.
Thyssenkrupp to IPO elevator unit, scraps corporate split
Thyssenkrupp on Friday scrapped plans to break into two parts in favor of a listing of its prized elevator unit, responding to a massive decline in its share price since the breakup plans were unveiled in September.
Britain concerned by U.S.-China trade tensions: UK PM’s spokeswoman
Britain is concerned by the escalating tariff tensions between the United States and China and believes no one benefits from a trade war, a spokeswoman for Prime Minister Theresa May said on Friday.
China urges U.S. to respect market economy after China Mobile denied entry
China urged Washington on Friday to stop putting “unreasonable pressure” on Chinese companies after U.S. regulators voted to deny market access to China Mobile Ltd and suggested they could revoke approvals given to two other Chinese carriers.
LME appoints first chairwoman in its history
The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history.
