The US President Donald Trump has announced that at the current time he sees no need for additional sanctions on North Korea. Additional sanctions that were proposed last week could have hindered the talks with between the US and NK.
On Friday, the current management of Wells Fargo announced that it is starting an official search for a new chief executive officer. The new CEO could save the company from the current decline and boost its stock price.
The President of the United States on Friday issued a new permission to TransCanada Corporation to develop the Keystone oil pipeline. The project is bound to decrease oil prices.
On Friday, representatives of Apple announced that the company will not put on the market its wireless charging mat AirPower. The mat had been in development since 2017. The event signals that there might be development issues at Apple.
On Saturday, Chinese officials announced that there exists strong prejudice against the Silk Road project. The announcement comes amidst various countries announcing that the Chinese initiative is a debt trap.
Information published by Reuters on Saturday has revealed that Trump has given his demands to the leader of North Korea. The event indicates that a solution to the negotiations is upcoming.
It was announced on Friday that more than one million acres of US farmland has been hit by a storm that has flooded the fields. The news are set to increase global grain prices.
On Saturday, the Australian government announced that it will increase its national security spending next year by $400 million. The spending is bound to boost the companies that supply the country's security forces.
The German carmaker Daimler revealed on Friday that it has complained to the EU antitrust regulators about Nokia patents. The regulators are bound to check the claims against Nokia.
On Friday, Honda announced that it has confirmed that sixteen people have died due to faulty air bags in Honda cars in the United States. The news are set to beat down the car producer's stock price.
On Friday, US shares extended its gains, as investors were hopeful of a deal during the ongoing trade talks between the United States and China.
On Friday, Lyft Inc stocks edged higher by 21.2% on Nasdaq debut IPO, as the company was valued about $24.3B.
According to analysts, the next Wells Fargo's CEO would likely be an outsider, with a finance executive experience, consumer banking and digital strategy.
On Friday, data showed that the German retail sales edged higher in February, as the country's unemployment rate reached a new historic low.
On Friday, the office of the French President Emmanuel Macron said that the United Kingdom leaving the EU without a deal is very likely, after the UK Parliament rejected Theresa May's Brexit deal.
Crude oil prices edged higher on Friday, as US sanctions against Venezuela and Iran helped to ease concerns over a global economic slowdown.
The US Commerce Department said on Friday that sales of US new homes rose to an eleven-month high in February.
On Friday, Theresa May's Brexit withdrawal agreement was rejected for the third time by the UK Parliament, setting up a further clash between the government and MPs next week.
The Indian current account deficit expanded to 2.5% of GDP in the period of October-December, or the Q3 of the current FY, from 2.1% in the same quarter year ago, the Central Bank stated.
The US personal income declined 0.1% in January, while consumer price growth remained stable, the US Commerce Department stated on Friday.
The Spanish economy grew at the weakest pace in four years in 2018, while the budget deficit dropped below the Brussels-set 3% of GDP target for the first time since the financial crisis, data revealed.
The US consumer spending barely increased in January and income rose modestly in February, suggesting the country's economy was fast losing growth momentum after expansion slowed in the Q4.
Four consortia have expressed their interest in the German utility EWE's 26% minority stake, with the first bids expected to be made in May or at the beginning of summer and would value the deal at about $1.7-1.8B.
Volkswagen is set to cooperate with its integration partner Siemens over connecting its 122 factories to Amazon's cloud service, seeking to boost its efficiency in production, both firms announced on Friday.