HSBC is phasing out about 100 job positions in the banking company's equities business, a move that will affect the bank's equities research, trading, sales, and back-office business departments, Reuters reported.
Ant Financial's private shares have been offered at levels that value China's financial group at $200B, raising the giant up the ranks among the most valuable and unlisted companies.
Trustbridge Partners and Temasek Holdings are negotiating with WeWork China about raising their stake in the Chinese branch of the co-working start-up to acquire the majority ownership, Reuters reported on Friday.
On Friday, Renault stated it saw a slight slump in the 2020 car market in China, Russia and Europe, following its report of a 3.4% drop in the French carmaker's worldwide sales last year amid China, Iran tensions with the US.
Volkswagen is planning to acquire a 20% stake in Guoxuan High-tech, the Chinese electric vehicle battery manufacturer, as the German carmaker steps up the electric push into China's auto market.
Alphabet's public market capitalisation reached the mark of $1 trillion shortly before the trading close on Thursday, which made the group the fourth of S&P 500 components to hit the lofty level.
McAfee LLC has appointed Peter Leav, the ex-BMC Software's CEO, as the cyber security firm's new Chief Executive Officer, replacing Chris Young and taking over his new role on February 3.
Germany's Atotech, the speciality chemicals group, is planning a listing on the New York Stock Exchange in February that could value the firm at around $5.0B, including debt.
StepStone Group has hired three investment banks, Goldman Sachs Group, JPMorgan and Morgan Stanley, as the lead underwriters of its planned initial public offering in New York that is likely to take place in the Q1 of this year.
Fiat Chrysler is planning to establish a joint venture together with Foxconn to produce electric vehicles and engage in the wirelessly connected vehicle business, Hon Hai announced on Thursday.
Thomas Cook previously-owned airline Condor has raised interest from the Polish carrier LOT and the buyout groups Greybull and Apollo, which are planning to submit their final bids for the firm next week, according to Reuters.
Korea's Hyundai Motor and Kia were backing the British EV startup Arrival, which plans to start selling delivery vehicles in 2021.
Canada added 46.2K positions in December, the sixth month of gains, supported by more hirings in education, health care and construction.
The US electric vehicle maker Tesla announced plans to open a design and research center in China to make "Chinese-style" cars.
Food giant Nestle announced that it would invest nearly 2B Swiss francs to use more recycled plastics to package the company's products.
The US retail sales grew for a third month in succession in December, with higher sales of goods, suggesting the economy's moderate expansion pace at the 2019 end.
RWE, the German power producer, is set to cut nearly 6K jobs by 2030 amid an agreed phase-out of coal as a sorce of energy.
France's PSA Group reported on Thursday its global sales for the last year plunged as much as 10% to 3.49M units, compared with the 2018 record of 3.88M cars, due to declining volumes in the Middle East, China and Africa.
Morgan Stanley reported its quarterly revenue from trading and sales surged 28% to $3.19B, sending the financial holding firm's shares up around 2% before the bell on Thursday.
On Thursday, Russian lawmakers have approved Mikhail Mishustin as the country's new Prime Minister in the lower house vote, the next day after Russia's President Vladimir Putin appointed him for the position.
On Thursday, Renault's chairman Jean-Dominique Senard stated that the Renault-Nissan alliance's operating board was set for a meeting by the January-end to make a decision regarding joint industrial initiatives.
China's ZTE Corp is looking to raise $1.7B from a private sale of its A-shares, seeking to use the earnings for the research and development of 5G networks and working capital, the company said on Thursday.
Tesla, the US electric carmaker, is planning to open a new research and design centre in China to produce "Chinese-style" vehicles, according to the company's statement on its WeChat account.
On Thursday, the chairman of Renault, Jean-Dominique Senard, stated there was "no stress" for the French carmaker to appoint a new CEO, adding that the company's interim arrangements were also working well.