Expect volume spike on sector reshuffle, quadruple witching
An overhaul of Wall Street’s technology and media sectors will coincide with the quarterly expiration of futures and options, potentially bringing a burst of volume and volatility to trading on Friday and the days that follow.
Futures flat as oil gains offset chipmaker falls
Stock index futures handed back initial gains on Friday to point to a flat opening for U.S. markets, with the impact of a rise in oil prices on energy companies offset by a drop in chipmaker shares.
Receding trade fears help stocks hit six-month high
World shares hit their highest levels in more than six months on Friday as investors took the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
Farfetch tops price range in IPO in boon to luxury market
Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.
Danske Bank money laundering ‘giga scandal’ spreads to Britain
Danske Bank’s money laundering scandal spread on Friday as Britain’s National Crime Agency (NCA) said it is investigating the use of UK-registered companies.
SandRidge says interim CEO not in race for top job
SandRidge Energy Inc said on Friday board member and interim Chief Executive Officer Bill Griffin would not be a candidate for the position of CEO but would continue in his role until a successor is appointed.
French minister optimistic over buyer for Ford Blanquefort plant
French Economy minister Bruno Le Maire said on Friday that talks with Belgian transmissions supplier Punch Powerglide over the purchase of Ford’s Blanquefort gearbox plant in southwestern France should be concluded next month.
Ebbing trade worries push stocks to highest in over half a year
World shares hit their highest levels in over six months on Friday, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.
British links to Danske money laundering under investigation
Britain has opened an investigation into the use of UK-registered companies in suspected money laundering involving Denmark’s Danske Bank , the National Crime Agency (NCA) said on Friday.
Britain’s crime agency investigating UK links to scandal-hit Danske Bank
Britain’s National Crime Agency (NCA) said on Friday that it was aware of the use of UK-registered companies in connection with Danske Bank’s Estonian branch which is at the center of a money-laundering scandal and had opened an investigation.
