The China Banking and Insurance Regulatory Commission announced on Friday that the country's insurers could invest up to 45% of their assets.
On Saturday, the Dutch Prime Minister Mark Rutte participated in negotiations with the European Union over $856B recovery fund.
The Japanese electronics corporation is looking forward to focusing on the subscription-based revenue model and invests $800M in the US software provider Blue Yonder.
The IMF urged the US to take immediate measures regarding the implementation of new financial relief programs to help rebound the coronavirus-struck economy.
According to the latest data, the University of Michigan's consumer sentiment index declined to 73.2 points in July, despite the forecasted 79 points.
The EU leaders failed to find common ground during the Friday summit on the COVID-19 recovery plan and its next multi-year budget, the negotiations will continue.
UBS and Morgan Stanley are likely to lead the initial public offering of the Vodafone's EU towers unit, in a deal with potential valuation of up to €16B, according to Reuters.
Thyssenkrupp is considering further options to boost its finances, which had been hit hard by the coronavirus crisis, the conglomerate's management stated on Friday.
Italy's government is planning an Autostrade per l'Italia listing by early 2021 after forcing via an agreement to take control over Atlantia's motorway business, Reuters reported on Friday.
The IMF forecasted on Friday that the US economic output is presumed to decline 6.6% in the current year due to the coronavirus-caused upset and the ongoing resurgence in infections.
The US Federal Reserve will scale up its lending program to incorporate nonprofit organizations that employ 10 or more workers to smoothen the turbulences caused by the COVID-19 pandemic.
On Friday, during the early US trading hours, the prices of Brent and WTI futures remained stable on hopes of economic stimulus programs, despite the surge in the US coronavirus cases.
Andrew Beiley, the Governor of Bank of England, stated on Friday that the British economy had started to recover from the coronavirus lockdown, but added that some sectors remained weak with the longer-term outlook unclear.
The EU antitrust regulators temporarily suspended the inquiry into the LSE's $27B bid for Refinitiv, the data and analytics firm, as they await the requested data from the companies.
HSBC's global equities boss Hossein Zaimi is set to leave the lender, in the latest restructuring of the bank's investment banking operations, sources reported on Friday.
On Friday, the world's biggest asset manager BlackRock posted a 21% surge in its quarterly profit on investors putting money into the cash management service and fixed-income funds.
New York's Governor Andrew Cuomo announced it would invest $750M in the electric vehicle infrastructure expansion, including building charging stations, as the state seeks to reduce emissions.
Twitter will delay the roll-out of a new API software after the company has recently experienced a cyber-attack on several high-profile accounts.
Microsoft Corp has cut its workforce across the globe as the software giant entered its new fiscal year starting from July 1, with Business Insider reporting earlier that the company trimmed under 1K jobs across the business this week.
Hackers targeted around 130 Twitter accounts intros week's cyber attacks, during which the profiles of prominent organisations and personalities were compromised, Twitter stated late on Thursday.
The German carmaker Volkswagen AG forecasts a mild growth in the Chinese premium auto segment in 2020 despite a decline in the broader market sales, VW's senior executive said.
Netflix appointed Ted Sarandos, its content chief, as a co-Chief Executive Officer, making him a successor to Reed Hastings, the streaming video service reported.
On Thursday, the British Airwayys announced that it would scrap its fleet of Boeing jumbo jets.
On Thursday, American Airlines and JetBlue Airways announced they would form a strategic partnership, seeking to bolster flying options in Boston and New York and build a "growth engine" to help recover from the coronavirus pandemic.