The parliament of Cyprus enacted legislation, paving the way to establish the National Investment Fund to manage revenues from selling the natural gas discovered in the exclusive economic zone.
The US personal income declined $23.8B in January, or 0.1% percent month-over-month, the US Commerce Department stated, while disposable personal income dropped $35.1B in the same period.
Amazon.com announced plans to open grocery stores across the US, as the company is set to expand in the food business, the WSJ reported, citing sources familiar with the matter.
The US personal income declined for the first time in three years last month, while consumer spending dropped markedly in December, putting the country's economy on a weak expansion path early in the Q1.
Linde, the industrial gases group, was targeting 8-12% growth rate in this year's earnings per share owing to cost cuts, even with slowing revenue growth, the company stated.
BNP Paribas agreed with unions over the plan to cut up to 2.5K jobs at the Belgian retail banking unit by the year of 2021 within an effort to diminish costs.
Fiat Chrysler Automobiles and Toyota Motor reported a drop in the US car sales in February, tumbled by weak demand in the industry, with Toyota posting a 5.2% fall to 172,748 vehicles, while Fiat Chrysler said its sales plunged 2% to 162,036 cars.
China's e-commerce giant JD.com is teaming up with Farfetch, folding its high-end venture Toplife into the US fashion retailer's business in China, as JD.com seeks to lure new luxury shoppers.
China's largest peer-to-peer lender Dianrong is planning to shut down 60 stores and lay off about 2K employees due to Beijing's crackdown on excessive leverage and risky practices in the country's financial system.
On Friday, Eaton Corp, the US industrial conglomerate, stated it would split its lighting business arm, which focused on LED lighting production, with the sales of around $1.7B in the previous year.
The Danish brewer Carlsberg announced on Friday it had acquired a minority stake in Jing-A, the Chinese micro brewery, not disclosing any financial details of the deal.
Another unit of the US supermarket chain Kroger, Smith's Food & Drug Stores unit, is set to stop accepting Visa credit cards, starting next month, due to high transaction fees.
On Friday, Wall Street reported that shares in Tesla plunged as much as 5% after it had launched its $35K worth Model 3 sedan version, which was likely to cause a loss in its Q1, according to the carmaker's estimates.
Warburg Pincus-backed ESR Cayman, the logistics real estate company, filed for an initial public offering in Hong Kong, as it seeks to raise no less than $1.0B, with a perspective to attract up to $1.5B.
Wells Fargo reached a $240M worth settlement over the company's poor oversight accusations, which potentially led to the creation of thousands of millions unauthorised client accounts.
On Friday, India's Tata Motors has denied reports published by media that the company had been considering a sale of its luxury car division Jaguar Land Rover, which boosted its shares up 3.7% to 184 rupees.
The Australian Competition & Consumer Commission dropped a decision date for the TPG-Vodafone merger deal approval, according to a website, claiming it has not still received enough information from the companies to make a firm decision.
On Friday, eBay announced it would launch a review of eBay Classifieds and StubHub businesses, saying it would name the Elliott Management's director to the board, on the back of their agreement to avert proxy contest.
The Netherlands and France have pledged to issue a joint strategy for Air France-KLM airline group to ease tensions between the countries, both Finance Ministers announced on Friday.
Japan's Daiichi Sankyo is considering a sale of the over-the-counter drugs business, hiring JPMorgan as an adviser to a potential deal.
The Italian court system has ordered the oil contracting company Saipem and a former executive to stand trial for false accounting and market manipulation.
On Friday, Subaru announced that the company is recalling nearly 2.3 million cars due to a fault with brake lights.
The British data centre operator Global Switch hired banks, such as JPMorgan, Goldman Sachs and CLSA, for its $1.0B worth initial public offering, planned to be held in Hong Kong.
Carlyle Group, the US private equity company, acquired a 9% stake in the Indian insurer SBI Life Insurance from the French bank BNP Paribas for about $653M.