Deutsche Bank is considering to trim about 15K-20K jobs during the following year with the layoffs to spread across businesses in various regions, according to the Wall Street Journal's report published on Friday.
Apple is moving the Mac Pro desktop computer production from the United States to China, according to the Wall Street Journal, following Trump Administration's threats to impose new tariffs.
On Friday, .SPXBK, the S&P 500 bank index, share surged as much as 2.6% after the US Federal Reserve had granted its approval for the largest US banks' capital plans, giving them a clean health bill.
On Friday, the US President Donald Trump stated he was preparing to hold productive talks with China's President Xi Jinping during the G20 summit in Japan over their trade dispute that is affecting global growth.
Germany's Chancellor Angela Merkel and China's President Xi Jinping agreed that a peaceful solution on Iran's nuclear issue should be applied, avoiding any further escalation of the tension, Xinhua news agency reported on Friday.
On Friday, the electric car producer Tesla announced it had found no systematic defects in its vehicles on the back of a car fire probe that took place in Shanghai in April, adding the investigation showed this unique incident was caused by the fault of a single battery module.
Merlin, the owner of Madame Tussauds, agreed to be bought by the investment vehicle established by Blackstone and Lego's founding family in a deal valued at %7.5B.
On Friday, Volkswagen-owned truck unit Traton's shares opened at $30.75 following its initial public offering in Frankfurt an Stockholm.
Morgan Stanley is most likely to receive approval from a regulator to own a 51% majority stake in the China securities joint venture planned in this year's second half, according to Reuters.
Toshiba Memory, the world's second-largest producer of the flash memory chips NAND, stated on Friday it would resume production on its plant located in central Japan by mid-July, following a suspension due to a brief power outage in that region.
On Thursday, Apple confirmed its music streaming service reached more than 60M subscribers, including customers on a free trial, still less than the company's main competitor Spotify Technology, which has 100M premium subscribers.
Five Japanese carmakers including Mazda Motor and Suzuki Motor are planning to invest 2% each in the autonomous joint venture set up by Toyota Motor and SoftBank, which would retain their 35% stakes in the firn valued at $26.6M.
The Apple Design Chief and Steve Jobs' confidant, Jony Ive, is set to leave the company later this year to launch his own independent design firm, sending the tech giant's shares down 1.5% to $197.44 on the news.
Nike's net income declined to $989M in the Q4 ended May 31 from $1.14B in the prior quarter, missing analysts' estimates, as the world's biggest sportswear company spent more on new product launches and marketing.
Japan's industrial output grew for a second month in succession, 2.3% in May, above 0.7% growth forecast, suggesting that the rise holds up despite worries that the country's economy remains severely pressured by slower external and domestic demand.
A survey released on Thursday by the Federal Reserve revealed that a big part of Wall Street institutions have experienced increased equity funding demand.
On Thursday, Wall Street edged higher, buoyed by a surge in technology shares. However, the gains were restricted, as traders and investors await the outcome of the US-China trade talks.
According to sources with knowledge of the matter, Dongfeng Group and Nissan Motor are in talks to form fleet management venture with the ride-hailing and car-sharing services, Didi Chuxing.
On Thursday, the US special envoy to Iran Brian Hook said that the United States policy of maximum pressure on Iran's economy was working.
On Thursday, Reuters published survey results of 40 Australian top bank economists. Almost 70% replied that the Reserve Bank of Australia this year will cut interest rates by 0.75%.
Swiss Re announced on Thursday the price for the initial public offering of the shares of the company's UK life assurance business ReAssure from 2.80 to 3.30 pounds. That amounts to a capitalization from $3.55 to $4.19 billion.
On Thursday, Huawei announced that the company's patent talks with Verizon is common business and that they should not be politicized.
On Thursday, the President of the United States Donald Trump requested India to cancel the retaliatory tariffs that the Indian government imposed this month.
Reuters reported on Thursday that Chinese companies are avoiding tariffs by shifting production to various Southeast Asian countries.