E.ON is set to win the EU antitrust permission to acquire its rival Innogy's retail and network assets, in a deal that might transform the German firm into the European energy market's major player, according to sources familiar with the matter.
Thomas Cook is discussing £750M worth rescue that will grant its largest investor Fosun Tourism full control of the debt-laden British company's package-tour business.
India's government is planning to raise $47.4B over the five years by selling about 40% stakes in big state-owned companies, Reuters reported citing senior government officials, in the country's largest privatisation push in over 20 years.
On Friday, Anheuser-Busch InBev announced it had cancelled the Hong Kong planned initial public offering of Budweiser Brewing Company, the group's Asia Pacific unit, which deemed to be the world's largest listing of 2019.
On Friday, France's Galeries Lafayette stated it had tied up with Alain Nemarq, the chairman of Mauboussin, to acquire the majority stake of the jeweller, not disclosing the financial terms of the deal that should be cleared by France's Competition Authority.
Volkswagen AG and Ford Motor announced on Friday that they would spend billions of the US Dollars to jointly produce self-driving and electric vehicles.
Thomas Cook is planning a $941 million rescue, that would give China's Fosun Tourism a minority stake in Thomas Cook's airline business.
On Friday, Bank of America announced the appointment of Thorsten Pauli as the head of equity capital markets in Switzerland, Austria and Germany.
On Friday, The President of Mexico Andres Manuel Lopez Obrador stated that he doesn't see any threat to Mexico's economy, as he brushed aside recession concerns.
The Dow Jones Industrial Average and the S&P 500 hit a record high on Friday after the US Federal Reserve's Chairman Jerome Powell remarks raised hopes on the interest rate cut.
On Friday, the US President Donald Trump announced that labour secretary Alex Acosta has resigned amid a furore over a plea deal with Jeffrey Epstein.
Apple Inc has restored its OurPact parental control software application this week to the App Store after it had been removed due to privacy concerns in February, the tech giant announced on Friday.
Verizon Communications has been looking for buyers earlier this year for Yahoo Finance, the financial portfolio and news management tools provider, and finished its search recently, not disclosing the potential buyer's name yet, citing the private talks.
On Friday, Twitter's CEO Jack Dorsey announced the microblogging platform has been slowly coming back up after it suffered from the global outage on Thursday, sending the company's shares marginally down during extended trading.
Chinas' coal imports plunged as much as 1.4% to 27.1M tonnes in June, as the local miners bolstered production to ensure adequate provision ahead of summer, according to official data seen on Friday.
On Friday, Euro Zone Industrial Production data beat market consensus numbers, indicating that there might be no economic slowdown occurring in the EU.
Anadarko Petroleum's shareholders are planning a vote on August 8 on thugs and oil producer's planned $38B sale to the oil and gas exploration and production company Occidental Petroleum, the largest deal in the industry this year.
Sprint Corp and T-Mobile US are expected to prolong their 29 July deadline to finalise the $26B merger deal, sources reported, not saying further information on the new date.
Colgate-Palmolive announced it would acquire the French skin care business Filorga in a deal valued at $1.69B on the back of the consumer goods firm's intention to boost the personal care business.
Crude oil prices increased by 31 cents or 0.5% on Friday morning, reaching $60.51 a barrel, as companies located in the Gulf of Mexico cut their output in light of the upcoming Tropical Storm Barry.
Volkswagen AG and Ford Motor stated that they were expanding the companies' global alliance announced in January with agreements expected to include collaboration over electric and autonomous cars.
China will not discriminate foreign companies and will protect their interests and rights, a spokesperson for the Ministry of Commerce says.
Austrian Airlines transported over 6.7M travellers in the first six months of 2019, a 5.9% increase compared to the same period the prior year, the company reports.
The British financial system is prepared for and resilient to a wide range of risks, including a disorderly Brexit, the Bank of England says.