UniCredit has hired JPMorgan and Goldman Sachs as strategic advisers, as the bank seeks updating its business plan in 2021 and considers a potential acquisition deal of Monte dei Paschi.
According to the Wall Street Journal, GM wants to make an application for a banking charter to extend its auto-finance part of business.
The European Central Bank VP Luis de Guindos stated on Saturday that the bank expected prices to continue falling at least until mid 2021.
The German Economy Minister Peter Altmaier stated on Saturday that partial lockdown most probably would last the whole winter.
According to the Financial Times, HSBC is considering possibility of leaving the US retail market amid inability to substantially improve the business there.
Airbus resold its six A320neo jets, which have been rejected by Malaysia's AirAsia, as the planemaker works off its surplus left by COVID-19-caused crisis.
Kia Motors and Hyundai Motor's US units agreed to a $210M civil penalty after the US car safety regulators had claimed they did not recall 1.6M vehicles over engine issues.
Deutsche Bank is expecting trade finance to rebound to pre-coronavirus levels by the middle of 2021, Daniel Schmand, Deutsche Bank's Head of Trade Finance and Lending said on Friday.
On Friday, the European Commission announced that it had approved SFR FTTH acquisition of the French fibre optics firm Covage.
On Friday, the United Kingdom and the European Union said that there were still big differences on a post-Brexit trade agreement.
According to The Sun newspaper, the UK is not accepting an offer from the EU negotiator Michel Barnier that 15%-18% of the amount of fish quota the EU fleets catch in British waters be restored in Britain.
According to data from the statistics agency IBGE, the unemployment rate in Brazil rose to 14.6%, the highest since IBGE's series began in 2012.
According to the Turkish exporters' union, Saudi Arabia has officially banned the imports of meat, milk, eggs, honey and fish from Turkey as of November 15.
As reported by the Brazilian Central Bank on Friday, the default ratio for households and businesses in Brazil fell to 3.1% in October, the lowest since the bank's data series began in 2011.
On Friday, the Nasdaq Composite Index surged to a record high, as investors bet on a revival in business activity in 2021.
US stock indexes opened higher on Friday, the Dow Jones Industrial Average surged by 0.44% at 9:40 a.m. ET, while the S&P 500 rose by 12.86 points or 0.35%.
Crude oil prices remained stable on Friday. Brent crude futures rose by 30 cents to $48.10 a barrel by 11:04 a.m. EST, while the US West Texas Intermediate crude futures fell by 31 cents to $45.40.
Germany's Finance and Economy Ministries announced on Friday that the German government would expand COVID-19 financial relief package for companies.
Deutsche Bank is anticipating trade finance to rebound to pre-coronavirus levels by the mid-2021, bank's executive stated on Friday.
On Friday, Commerzbank has appointed a new member of the board to oversee its corporate business, following the resignation of his predecessor due to differences over the lender's future.
On Friday, the US NHTSA has launched an official probe into around 115K Tesla vehicles regarding the suspension safety issues.
Volkswagen is planning to develop a small electric vehicle for the mass market, expecting tougher climate regulations, as the carmaker seeks to bolster its sales in a green era.
During Friday's European trading hours, global stock indices remained near record high levels due to low liquidity, as the US retail and institutional trades were still celebrating Thanksgiving,
Britain is set to impose tougher competition rules in 2021 to prevent Facebook and Google from using their dominance that pushes out smaller companies and disadvantage consumers.