In a statement released late on Friday, Bank of Communications said it was ready to invest $1.01B to set up a new Hong Kong unit that will deal with private and retail banking.
Russia is ready to expel US diplomats and seize diplomatic property in a tit-for-tat action unless Washington returns confiscated Russian property, the Russian Foreign Ministry says.
China's fiscal revenue increased by 8.9% to $251B in June, compared to the same period the previous year, according to data from the Finance Ministry.
The parent company of the Ashley Madison adultery website agreed to pay $11.2M to settle US litigation brought by clients whose personal data leaked to the Internet in July 2015.
Talks with Canada and the United States to review the North American Free Trade Agreement (NAFTA) create economic uncertainty, the Mexican Finance Minister Jose Antonio Meade says.
Dallas Federal Reserve Bank President Robert Kaplan said that the Fed might allow to reduce its $4.5T balance sheet in September, but told to be patient on interest rate hikes.
The Japanese car manufacturer Toyota Motor Corporation plans to invest more than $310M in a UK plant after securing post-Brexit trading arrangements with the British government.
The California Public Employees' Retirement System reported a 11.2% preliminary return on investment for the fiscal year ended June 30, compared to 0.61% last year.
Shares of the Anglo-Swedish drug maker AstraZeneca fell at a two-month low on Friday in response to uncertainty over a possible merger with Israel's Teva Pharmaceutical Industries.
More than 80 people had died in floods and landslides caused by torrential rain in northeast India, officials reported on Friday.
The Lebanese Prime Minister Saad al-Hariri commented on Friday that Lebanon would coordinate returns of Syrian refugees only with the United Nations.
AT&T Inc is to run its wireless and DirectTV businesses independently from Time Warner Inc's media unit after the $85.4B acquisition, Reuters reported on Friday.
The US funds Bain Capital, Fortress Investment Group and Blackstone were picked to submit their bids for a €1B bad loan portfolio of four Italian banks, two sources said on Friday.
Honda is recalling 1.5M recent Accord models globally to prevent engine fires after discovering a defect with the vehicle's battery system.
The US Secretary of Defense Jim Mattis on Friday said he cannot confirm reports of Islamic State group's chief Abu Bakr al-Baghdadi's death.
JP Morgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates.
Mercedes-Benz Vietnam is about to recall 1000 cars after fires were reported in some countries due to a defective fuse, Vietnamese media reported on Friday.
On Friday, German officials stated that no signs Mercedes-Benz had used any illegal software were found in a probe of the carmaker on manipulating emissions.
According to the Bureau of Labour Statistics, the United States CPI held steady at 0.0% in June, while analysts anticipated an increase of 0.1%.
At least five Egyptian police officers are reported to be dead after gunmen opened fire on a vehicle in the area of security checkpoint in the South of Cairo on Friday.
Istat reported on Friday that the Italian trade surplus widened to €4.34B in May, compared to the prior month's €3.60B and topping analysts' expectations for a deficit of €2.43B.
On Friday, the United Nations urged Venezuela's authorities to allow people to participate in a dissent and unofficial plebiscite and assure that no excessive force would be used against protesters.
The Philippine anti-graft prosecutor has ordered the filing of criminal charges against the former President Benigno Aquino on Friday for his alleged liability in a 2015 clash with Muslim rebels that killed 44 policemen.
Fiat Chrysler Automobiles NV announced on Friday that it is to recall 1.33M vehicles globally due to accidental airbag deployments and potential fire risks.