Germany's BMW and Great Wall Motor are planning a plant construction in China, worth $716M with the capacity of 160K cars per year, to produce BMW's electric vehicles under its MINI brand, as well as GWA models.
Clariant is set to acquire a 10% stake in Plant Advanced Technologies, the cosmetics ingredients producer, as Swiss speciality chemicals firm seeks to build a strategic partnership with the French company.
Renault, Nissan and Mitsubishi are set to name new general secretary at their alliance's helm to strengthen cooperation and resume their joint operations following the ex-chairman Carlos Ghosn's departure.
Thai Beverage is considering to sell some beer assets in its potential initial public offering that could attract about $3.0B, Reiters reported on Friday.
On Friday, Daily Mail newspaper's owner announced it would acquire the "i" website and newspaper from JPI Media in a deal worth £49.6M in cash consideration.
The Russian and Ukrainian leaders, Vladimir Putin and Volodymyr Zelenskiy, are likely to discuss a natural gas deal during the Paris meeting set for December 9, Kremlin's spokesman stated on Friday.
On Friday, Daimler announced it would cut at least 10K jobs worldwide by the end of 2022 after the company reached an agreement with labour unions.
On Friday, Mitsubishi, Renault and Nissan announced that the companies would renew their alliance by appointing a new general secretary.
On Friday, shares in India's Future Retail surged as much as 13%, after the country's antitrust body had granted its approval for a minority stake purchase by Amazon.com.
The SoftBank-backed Indian ride-hailing company Ola is planning to launch its initial public offering process by the March-end in 2021, while also aims at cutting its workforce by about 5% amid preparations.
Retail sales in Japan plunged at the fastest pace since 2015 in October as a hike tax induced consumers to trim their spending, raising concerns over the domestic demand's strength.
Roberto Cavalli, the Italian fashion house, has been acquired by Dubai's Damac chairman Hussain Sajwani on Thursday; a deal that rescued the Italian company and ended its long sale process.
Peugeot owner PSA Group is preparing for a 50% stake sale in its joint venture with Chongqing Changan Automotive, the carmaker's Chinese partner, a spokesman for PSA stated.
Banco do Brasil, the Brazilian state-controlled lender, is expecting its profits to grow 10% in 2020, compared to the current year, its CFO Carlos Hamilton Araujo stated during the Thursday's meeting with analysts.
Esquerra Republicana de Catalunya, the Catalan separatist party, and Spain's Socialists have set another meeting for December 3 to continue talks over new government formation, seeking to finally break the deadlock.
Facebook stated it is trying to restore access after the central software systems' issues caused an outage in some of the company's apps, such as Instagram, during the Thanksgiving Day holiday.
Net migration to the UK declined to the lowest level since 2013 over the year to June, driven by pre-Brexit decrease in the arrival of EU citizens moving for work.
Japan's retail sales dropped 7.1% in October from the prior year, affected by weak demand for items such as household appliances, cars and clothing.
German yearly inflation grew slightly 1.2% in November, though remained well below the ECB target level for the seventh month in succession.
Dubai's biggest bank, Emirates NBD cut more than 400 jobs since October, as banks in the UAE reduce their costs due to slower economic growth.
India's economy is expected to expand at the weakest pace in six years of 4.7% in the September quarter, as private investment and consumer demand weakened further.
Euro zone's economic sentiment rose than expected to 101.3 points in November, owing to more optimism in the main services sector.
On Thursday, media outlets reported that the GBP has been reacting to UK election polls. Meanwhile, Dukascopy Analysts discovered the opposite. A possible Brexit agreement surge on 17.10. has been followed by poll adjustments.
On Thursday, the Russian anti-monopoly watchdog stated it had postponed the approval of the joint venture between Royal Dutch Shell and Gazprom Neft due to technical reasons.