World stocks head for worst losing streak in over half a decade
Global stocks slid lower on Friday and were set for their worst week in more than five years, as anxiety over corporate profits added to fears about global trade and economic growth.
Volkswagen has held kick-off meeting for 2019 Traton IPO: sources
Volkswagen has held an initial meeting to discuss plans for the flotation of its trucks unit Traton, set to be Germany’s biggest of 2019, after hiring a quartet of banks to manage the potential 6 billion euro ($6.8 billion) IPO, people close to the ma…
Pot is hot! Shares in Danish cannabis firm StenoCare surge on debut
Shares in Danish cannabis firm StenoCare more than tripled in value in their debut on Friday.
Exclusive: China’s Wanda Group explores Legendary Entertainment stake sale – sources
China’s Dalian Wanda Group is exploring a partial sale of its Hollywood film studio and the full sale of its sports assets in its latest push to reduce offshore holdings under pressure from Beijing, sources familiar with the matter said.
China’s Wanda Group says stake sales report ‘inconsistent with the facts’
China’s Dalian Wanda Group said on Friday news it was considering the sale of a stake in Legendary Entertainment and divesting from its sports assets was “seriously inconsistent with the facts.”
Asian stocks hit 20-month lows, S&P futures slide as investors flee risk
Asian shares skidded to 20-month lows, S&P futures fell sharply and China’s yuan weakened at the end of a turbulent week for financial markets on Friday, as anxiety over corporate profits added to lingering fears about global trade and economic growth.
Danske Bank drops to last place in private banking survey: Prospera
Danske Bank , which is embroiled in a major money laundering scandal, is now the least preferred of the five large banks in Denmark amongst wealthy private banking customers, a survey from Swedish consultancy firm Prospera showed on Friday.
Asia stocks, S&P futures slide as investors flee risk amid growth fears
Asian shares tumbled to 20-month lows and S&P futures fell sharply at the end of a turbulent week for financial markets on Friday, as anxiety over the outlook for U.S. corporate profits added to lingering fears about global trade and economic growth.
Sears directors tap Evercore to examine former CEO Lampert’s deals -sources
Two Sears Holdings Corp board directors have hired investment bank Evercore Inc to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the…
GM wants Trump administration to back national electric vehicle program
General Motors Co said on Friday it wants the Trump administration to back a nationwide program to boost sales of zero emission vehicles like electric cars, even as the government has proposed ending California’s ability to require more clean vehicles….
