According to a regulatory filing, released on Friday, Uber Technologies is seeking a valuation of its IPO to $91B, when it goes public on the New York Stock Exchange.
On Friday, European shares edged higher. The surge was attributed to data that showed, that the US GDP rose by 3.2% in the first quarter.
On Friday, the Italian Prime Minister Giuseppe Conte has assured Huawei Technologies that it won't face discrimination in Italy, as the company is preparing to rollout Italy's 5G network.
On Friday, the US Dollar declined against its peers, the dollar index, which measures the Buck against six major currencies, was at 0.33% lower.
On Friday, global equity markets edged higher, as data showed that the US Gross Domestic Product increased at a 3.2% annualised rate.
On Friday, Wall Street edged lower, as technology stocks were hit by Intel's first-quarter results, while investors and traders monitored data, that showed that the US GDP increased at 3.2%.
LMC Automotive and JD Power said on Friday that the US vehicle sales are expected to decline by 3.5% in April.
On Friday, Exxon Mobil Corp posted a 49% decline in the Q1 earnings. The decline was attributed to lower oil and gas prices.
On Friday, the US Treasury Department imposed sanctions on the Venezuelan Foreign Minister Jorge Arreaza and a Venezuela's judge Carol Padilla.
On Friday, Canada reported a larger budget surplus of C$3.1 billion in the first eleven months of the 2018/2019 fiscal year.
France's Renault is set to offer Nissan Motor to establish their joint holding company in order to grant both carmakers an equal footing amid French company's intention to further integrate with its Japan's partner, according to Nikkei's report seen on Friday.
Private equity companies and Large wind turbine firms have expressed their interest in acquiring the insolvent Germany's group Senvion, its CEO Yves Rannou told in an interview to Reuters, marking his positive surprise over a high demand from the sector's giants.
South African group Sibanye-Stillwater has reviewed its proposal for Lonmin on Thursday, marking the valuation of the platinum miner £60B less than the initial price and giving it a new one worth £226M after the revised offer.
SCOR's Chief Executive Denis Kessler is eager to fight for his position against activist fund on the back of the touch-and-go vote during the company's annual shareholder meeting.
One of the key Commerzbank shareholders stated the collapse of tie-up talks between the lender and Deutsche Bank was good news and that Commerzbank was likely to seek for an alternative merger with another EU rival.
On Friday, Australia's miner Aurelia Metals stated it had entered talks about a potential acquisition of the Glencore copper mine, after the copper firm Aeris Resources failed to reach an deal with Glencore on the $575M proposal to acquire the mine.
Natura Cosmeticos, the Brazilian cosmetics firm, announced it is in negotiations to acquire Avon Products with a possible decision to be unveiled within the coming weeks, if talks go well.
PayPal Holdings, the online payments company, is planning a $500M investment in Uber Technologies as the ride-hailing service prepares to reveal the initial public offering terms on Friday, according to Refinitiv IFR.
Noble Midstream Partners, a pipeline operator owned by the US gas and oil production group Noble Energy, is set up for a sale, amid owner's intention to shift focus on its on core operations to and minimise expenses and maximise returns.
Sprint and T Mobile US are facing new concerns from the Federal Communications Commission over its planned tie-up deal, despite the companies' executives vow the combined group will have an incentive to cut prices.
Brazil's Petroleo Brasileiro stated it had signed a deal to sell 50% of Petrobas' production and exploration rights in its two offshore fields to Malaysia's Petronas for $1.29B.
The EU Commission has extended its deadline for a review of the joint venture agreement between Tata Steel and ThyssenKrupp by seven labour days to June 17, according to its website post on Friday.
The conglomerate Berkshire Hathaway could buy back as much as $100B of its stock, not providing any time frame, the Financial Times reported on Thursday, citing the billionaire Warren Buffett.
On Friday, Continental AG announced it would postpone its powertrain initial public offering to the next year after reporting a 17% fall in its Q1 operating profit, tumbled by higher investments and a downturn in vehicle demand.