Italian bank Intesa's shareholder Fondazione Cariplo stated on Friday it would support any possible cross-border merger deal that could be proposed by the bank's CEO.
LG Electronics announced on Friday that the company is decreasing its profit forecasts. The company's stock price is expected to decline due to the announcement. Moreover, it reveals that there is a trend of decline in the company.
On Friday, German statistics revealed that industrial output in the country has increased by 0.7% in February. The data contradicts other various data sets that indicated that a decline is occurring in the German economy.
The President of the United States Donald Trump late on Thursday announced that it is possible that the trade deal between China and US will be reached during the next four weeks.
On Friday, Reuters published the results of a poll about Emerging Market currencies. In general, surveyed market participants plan to trade cautiously with the currencies of the EM.
The President of the European Council of the European Union announced on Friday that the EU is considering the creation of a flexible Brexit extension system that would allow to extend the event up to one year.
On Friday, European Union alcohol makers announced that they are facing difficulties to export their goods to Indonesia. The Indonesian government is not approving the EU producer applications for import. The difficulties are linked to a recent dispute about palm oil shipments from Indonesia to the EU.
The US home décor retailer At Home Group is reviewing options, including a potential sale of the company, amid weak stock performance that made the group an acquisition target.
On Friday, LG Electronics stated it expected its Q1 operating profit to fell 19% compared to the previous year, beating analysts' expectations for a wider drop.
On Thursday, Goldcorp shareholders accepted a $10B worth takeover proposal made by Newmont Mining, in a deal that would create the world's biggest gold producer.
The ECB will seek Deutsche Bank to lift fresh funds ahead of granting its approval for the merger with Commerzbank, sources familiar with the situation reported on Friday.
The Finance Minister of Japan Taro Aso addressed on Friday regional banks and said that mergers could be a solution against squeezed profits caused by low interest rates.
The Director-General of the World Trade Organisation (WTO) Roberto Azevedo stated on Thursday that some sectors of the Britsh economy would bear significant costs, if the government failed to negotiate a Brexit deal.
China's cross border procurement platform of e-commerce giant Alibaba expanded more than 120% in 2018 from the prior year, the company reports.
The US based agriculture company Cargill has begun the construction of a plant in the east China's Jiangxi Province, the company reports.
The Vietnamese economy is expected to expand 6.8% in 2019 and another 6.7% in 2020, the Asian Development Bank reports.
The economic growth in Laos is likely to remain stable over the next few years, a latest report published by the Asian Development Bank shows.
The Reserve Bank of India on Thursday cut its repo rate by 0.25% to 6% to provide cheap financing for commercial banks, a statement issued by the RBI shows.
The Reserve Bank of India on Thursday lowered the GDP growth forecast for the current fiscal year to 7.2% from a previous forecast of 7.4%, the central bank reports.
The East African region is expected to expand 5.9% in 2019, a slight increase from 5.7% growth in 2018, the African Development Bank reports.
Macao International Airport serviced more than 2.33M passengers in the first three months of 2019, a 17% increase from the prior year, the airport reports.
The World Bank has approved $100.5M to improve public spaces in four large neighbourhoods of Dhaka, the World Bank Country Director for Bangladesh and Bhutan says.
The Angkor Archaeological Park earned $35.9M in the first three months of 2019, a decline of 9% compared to the same period the prior year, a company statement shows.
Target is set to raise its minimum wage in the United States to $13 per hour starting from June, from the current value of $12, lifting the company's payroll costs and challenging the rival Walmart to lure retail employees in the labour market.