The US pharmacy benefits manager and healthcare plan Magellan Health is reaching a board deal with the hedge fund Starboard Value, seeking for its board expansion.
About 43% of German citizens are against the Deutsche Bank-Commerzbank merger deal, according to the Insa survey revealed this Friday, while only 17% are in favour and 30% have no opinion regarding the tie-up.
The South Korean auto parts maker Myoungshin is expected to acquire General Motors' car plant in the city of Gunsan for $99.5M, MS Autotech stated on Friday.
The number of mergers and acquisitions (M&A) dropped by 17% in the first quarter of this year amid fears of no-deal Brexit, US-China trade war and global economic slowdown.
On Thursday, in the first initial public offering (IPO) the ride-sharing startup Lyft collected $24.3B despite concerns over its strategy.
In light of the end of a waiver of the US sanctions, Japanese refineries have decided to halt imports of Iranian oil until the situation is clarified.
The Japanese unemployment rate fell to 2.3% month-over-month in February, compared to 2.5% in the prior month, the government stated.
China's Huawei reported strong revenue of about $105.2B and 25.1% profit growth last year in spite of a challenging environment,-- the firm stated.
Austria reached budget surplus for the first time since 1974 in the prior year, owing to increased tax revenues, Statistics Austria stated in a report, showing the surplus equalling $478M or 0.1% of GDP.
The Russian communications watchdog threatened to block access to popular services of VPN, which allow users to get access to websites outlawed by Moscow.
The Chinese largest commercial lender ICBC reported a 4.1% net profit increase last year, with net profits attributable to shareholders remaining at $44.26B in 2018.
Brazil's Central Bank is set to take its time analysing the economic impact from shocks from abroad and higher political tension locally that appear to be slowing the reform process of the government, its President stated.
Net profits of Germany's state-owned railway firm Deutsche Bahn declined 29.2% to a total of $608.4M in fiscal year of 2018, the company announced on Thursday.
Germany's automobile manufacturer Opel is set to slash up to 400 positions at its Austria's manufacturing plant, a local media reported.
The US economic growth in the Q4 of 2018 was revised down to a 2.2% yearly rate from the previously registered 2.6%, the US Commerce Department stated.
The economy of Belgium is expected to contract nearly 1% and Belgians would get poorer if the UK quits the EU in the chaotic way, an official stated.
Sony Corp is planning to shut down its smartphone plant in Beijing, the company's spokesman stated on Thursday, as Japan's electronics maker set to trim its costs in efforts to bring back profitability of the handset business.
Deutsche Telekom's CEO Tim Hoettges is confident a $26B worth takeover of Sprint by the US firm T-Mobile can be granted approval by American regulators and will go through in the end.
Japan Exchange Group, the Tokyo Stock Exchange owner, is set to acquire the TOCOM to establish the all-in-one bourse, which could lure more international investors and traders.
ZF Friedrichshafen, the German car parts maker, is set to acquire the US competitor Wabco for more than $7.0B in cash, seeking to boost its driver-assistance systems portfolio, two companies stated on Thursday.
IMF's head Christine Lagarde called on the Euro Zone to agree on building the shared deposit insurance system within banks, setting aside all national concerns over possible risks.
On Thursday, Britain's markets watchdog fines Goldman Sachs a record $45M, as the investment bank failed to provide it with accurate transactions reports over a decade.
On Thursday, the US President Donald Trump called on the OPEC to bolster oil production with the intention to cut the commodity price, adding that the World Markets are fragile.
On Thursday, Swedbank ordered dismissal of its Chief Executive Officer Birgitte Bonnesen right ahead of the annual shareholder meeting due to allegations of the bank being involved in money laundering.