Commerzbank and UniCredit hold talks as takeover prospect looms
Commerzbank and UniCredit began initial talks Friday, with the German bank on the defensive over a potential takeover.
Hong Kong’s New World Development shares surge 23% after CEO resigns
The company said Chief Operating Officer Eric Ma Siu-Cheung has been appointed as the new CEO.
OpenAI CFO tells investors funding round should close by next week despite executive departures
OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.
Shigeru Ishiba is set to become Japan’s next prime minister after winning ruling party leadership election
Ishiba defeated economic security minister Sanae Takaichi in a runoff, after the two won the most votes in the first round in a crowded field of nine candidates.
Barclays names 5 global stocks that could benefit from China’s stimulus — giving one over 100% upside
One of the stocks was given more than 100% upside potential over the next 12 months.
China’s industrial profits plunge by 17.8% in August from a year ago
China’s industrial profits plunged by the most in more than a year, National Bureau of Statistics data showed Friday.
CNBC Daily Open: A high of all-time highs
The S&P 500 has touched new levels on more than 20% of trading days so far this year, noted financial firm Oppenheimer.
China stocks see best week since 2008 on stimulus impact as most Asia markets rise
Hong Kong’s Hang Seng index is set for a weekly gain of almost 13%, marking its best week since 1998.
‘Coolcations’ had another big summer. Here are the places travelers went
Destinations like Lapland, Finland, and Breckenridge, Colorado, are seeing a rise in seasonal travelers, as visitors seek cooler temperatures in the summer.
Morgan Stanley raises its price target for a Chinese tech giant it calls a ‘safe haven’
Of all Chinese internet stocks, one company has the “best risk-reward” for investors, Morgan Stanley says.
