Guo Shuqing, chairman of the banking regulators of China, has met with the representatives of the country's largest commercial banks. During the meeting the chairman told the banks to reform for various purposes.
Wilson Ferreira Jr, the chief executive officer of Eletrobras, is set to stay in his position. He will retain his position despite his controversial remarks about some of the company employees.
The US Secretary of State Rex Tillerson has announced plans to remove Iraq and Myanmar from the US list of countries, which use child soldiers. The decision was made, ignoring the State Department's recommendations.
The European Central Bank is once more hosting a forum on central banking in Sintra, Portugal. The forum is set to gather European, British, Japanese and Canadian central bankers in a common panel discussion.
After another lawmaker declined to provide support for the President of the US Donald Trump, the President reached out to his fellow Republicans of the US Senate in an effort to mobilize support for the party's efforts in the healtcare legislation overhaul.
The corruption charges against the President of Brazil Michel Temer are set to come one after another, as the country's top prosecutor has picked out such strategy for the purpose of weakening the President's defence.
Tesla is searching for ways to ensure that drivers, who use the company's autopilot, still pay attention to the road and keep their hands on the wheel. The efforts come after a Model S river was killed while using Autopilot.
The US President Donald has no intention to fire Robert Mueller, the special counsel that has been studying allegations of Russia's meddling in the 2016 US election and possible collusion with the Trump campaign.
Britain's Prime Minister Theresa May defended her proposal to allow millions of EU citizens stay in Britain after Brexit as EU leaders replied coolly to her move in talks on the country's withdrawal.
Tesco, the UK's biggest private sector employer, plans to raise pay for hourly paid employees by 10.5% over the next two years.
Recent inflation weakness is likely to be temporary and it should not postpone another interest rate increase this year, the Cleveland Fed President said.
The Fed should delay any further interest rate hikes until there are signs that inflation confidently moves to the central bank's 2% target, the St. Louise President said.
The Fed should continue hiking interest rates in order to avoid inflation or employment to get out of hand and cause a recession, the Cleveland Fed President said.
On Friday, EU leaders agreed to enhance support for Libya amid the rising number of illegal immigrants trying to cross the Mediterranean and get into the Europe.
According sources in the White House, the US President Donald Trump plans to nominate Kenneth Juster as the new US ambassador to India.
Pakistani police said on Friday that at least 30 people had died in a series of bomb explosions in Quetta and Parachinar.
The majority of world stocks rose on Friday amid depreciation of the US Dollar against major currencies, which pushed the oil price upwards.
On Friday, the Bank of America decided to change its prognoses and lowered forecast for the US GDP from 2.5% to 2.1%, citing political turmoil and weaker automobile manufacturing.
According to the official data released on Friday, domestic retail sales surged 1.2% in April amid the robust consumer spending.
The President of France Emmanuel Macron is meeting four leaders of eastern European Union countries in an effort to fix the ruined relationships after quarreling on various issues in the past.
Indian investigators did not find evidence of criminal activity in Infosys. The investigation was conducted due to a whistleblower, who made accusations a day before the company's stockholder meeting.
The Canadian Imperial Bank of Commerce announced on Friday that the five billion US Dollar deal to acquire PrivateBancorp has been finished. The bank expects to increase its earnings, due to the acquisition, in three years.
Toshiba Corp has announced that the company is ready to hold meetings with Western Digital regarding the disputed chip unit sale. The reason for the talks is the fact that Toshiba chose another buyer instead of WD.
Russian authorities pressure Western tech companies to grant access to their product security secrets, thus providing an opportunity to examine system vulnerabilities.