Danske Bank picks ex-ABN banker Vogelzang as CEO to rebuild trust
Danske Bank hired ex-ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout of its involvement in one of the biggest money laundering scandals.
Stocks gain on trade deal hopes, set for worst week since December
Global stocks made gains on Friday as investors held out hopes for a trade deal between the United States and China, even as another round of U.S. tariffs on Chinese goods took effect.
SoftBank Group shares tumble as Uber prices IPO at lower end
Shares in Japanese conglomerate SoftBank Group Corp tumbled 5.5% on Friday, a day after one of its biggest tech bets, Uber Technologies, priced its initial public offering at the low end of the targeted range.
U.S. escalates trade war amid negotiations, China says will hit back
The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal.
Exclusive: Thyssenkrupp to consider partial listing of elevators business, abandons split
Thyssenkrupp is considering a stock market listing for elevators, its most valuable business, after a previous plan to split the entire group in two ran into investor scepticism, three sources familiar with the matter told Reuters on Friday.
AB InBev files for Hong Kong IPO of Asia business to raise $5 billion
The world’s biggest brewer, Anheuser-Busch InBev, filed plans on Friday to spin off its Asian business via a Hong Kong initial public offering, in a deal which two sources with knowledge of the matter said could be worth at least $5 billion.
Occidental’s victory over Chevron for Anadarko
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector’s most high-profile public con…
U.S. stock futures slip after tariff hike, Asia shares eke out gains
U.S. stock futures fell and Asian shares held onto earlier-pared gains on Friday after U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods took effect, raising tensions between the world’s two biggest economies despite ongoing t…
Occidental chief faces shareholders on cusp of takeover victory
Occidental Petroleum Chief Executive Vicki Hollub takes her case for buying Anadarko Petroleum to the company’s shareholders on Friday, bolstered by rapid deal-making that put her on the cusp of victory.
Cashing out in Uber’s IPO: China, Russia and the Middle East
In 2015, Uber Technologies Inc went on a fundraising spree in China, tapping venture capitalists and state-backed corporations for cash and connections to try and navigate the Chinese regulatory environment.
