The German leading card producer Volkswagen stated on Friday that it would like to receive at least $1.7B from Traton's initial public offering (IPO).
The major German automobile company Volkswagen AG (VW) stated on Friday that it would invest $1B in CO2-optimized battery cell production together with Northvolt AB.
The US business inventories rose 0.5% in April, after being flat in March, as sales declined, though inventory accumulation was still anticipated to be a drag over the economic growth in the Q2, the Commerce Department said.
The Central Bank of Russian lowered the key interest rate from 7.75% to 7.50% and stated that one or more cuts are likely later in 2019, as the country faces slowing inflation and sluggish economic growth and slowing inflation.
British Prime Minister candidate Boris Johnson stated on Friday he would join the TV debate with other more contenders scheduled for Tuesday.
On Friday, Thyssenkrupp has appointed Premal Desai as a new Chief Executive Officer to lead its steel unit and restructure the business due to a drop in global demand.
The Indian Civil Aviation Minister, Hardeep Singh Puri, stated he was confident that issues at the grounded and debt-laden carrier Jet Airways would be solved in the near time.
WeWork Cos, the shared office space company, is considering the cash-and-stock deal to acquire a 70% controlling stake for around $1.9B in its Indian affiliate ahead of its plans to launch an IPO.
Volkswagen is planning to attract €1.9B by launching an initial public offering of its Traton truck unit, the German carmaker announced on Friday, adding the listing would be priced at about €27-€33 per share.
General Electric is exploring various strategic options for the industrial conglomerate's venture arm, as it seeks to trim debt worth billions of dollars and turn around the ailing power unit.
The carmaker Fiat Chrysler has signed two deals with the European utilities Engie and Enel to offer the customers electric vehicle charging points the company is planning to launch, according to FCA statement seen on Friday.
On Friday, technology shares dragged the European shares down following US chipmaker Broadcom's warning about its demand broad slowdown amid trade tensions between the US and China, as well as US ban on the Chinese mobile phone group Huawei Technologies.
The Commerce Ministry of China stated on early Friday that it would increase anti-dumping duties on some European and American pipes and tubes used at utilities.
Crude oil prices surged 21 cents or 0.4% on Friday morning, reaching $52.49 a barrel, amid another attack on two oil tankers off the coast of Iran.
Mexico's oil regulator approved exploration plans of Royal Dutch Shell for four deepwater areas, after giving the green light to five others before and committing the company to invest at least $791M.
Chemicals major BASF stated that it still expects a modest improvement in the global vehicle market in 2019, even after the company announced 200 job cuts at Germany's coatings operation.
The UK energy supplier SSE announced plans to close its last coal-fired plant in England by next year's March, adding that the plant is unable compete with gas and renewable energy options.
Christine Lagarde, the Head of the IMF, stated that the Euro zone should design future budget to be able to stabilise the economy rather than just sustain its convergence and competitiveness.
The Labor Department stated that the US import prices declined 0.3% last month, the largest decrease in five months, due to a broad fall in the goods' cost.
Deutsche Post DHL announced on Thursday that it is set to spend $150M this year to extend the capacity of the company's US healthcare distribution network by roughly 40%.
New housing prices in Canada were unchanged in April for a third consecutive month due to weakness in Vancouver and Toronto, the two biggest markets, Statistics Canada stated on Thursday.
Volkswagen announced on Thursday it was nearing a deal with the US carmaker Ford Motor to cooperate over self-driving cars development, after being in negotiations for months.
Bruno Le Maire, France's Finance Minister, is set to hold a meeting with Renault's chairman Jean-Dominique Senard later on Thursday to discuss the collapsed FCA-Renault merger and the priority of potential Renault-Nissan deal.
On Thursday, LG Chem, South Korea's battery maker, stated it had teamed up with Chinese group Geely Automobile Holdings to form a joint venture to produce electric vehicle batteries.