Hong Kong Airlines is set to cut 400 jobs amid the coronavirus outbreak that causes financial troubles to the carrier, according to the South China Morning Post's report seen on Friday.
Goldman Sachs Group is set to raise $8.0B in its second buyout fund conducted after the financial crisis in 2008, boosting its ability for secure worldwide deals, Reuters reported.
On Thursday, the US Attorney General William Barr stated that the US should consider acquiring a stake in Nokia or Ericsson to counter Huawei's dominance in 5G technology.
US Securities and Exchange Commission proposed on Thursday that US firms could raise capital by using digital currencies.
On Thursday, Chinese officials stated that the central bank would issue cheap loans to firms that had been affected by the coronavirus.
During Thursday's US trading hours, global stock indices surged, as Chinese authorities announced that they would cut trade tariffs.
Qualcomm Inc expressed its concerns over Chinese coronavirus outbreak that poses a possible threat to the smartphone industry and might have a potential impact on sales and manufacturing.
China's Huawei Technologies has brought legal action against the US carrier Verizon Communications, alleging the company illegally used 12 of Huawei's patents without authorisation.
On Thursday, Fiat Chrysler reported a 7% increase in its Q4 profit, driven by robust business in North America, as well as better readings in Latin America ahead of its merger deal with France's PSA Group.
The US initial claims for unemployment benefits plunged 15K to the seasonally adjusted 202K in the week ending February 1, the lowest level since April 2019, according to the Labor Department.
On Thursday, BMW stated it would ramp up its production of electric car powertrain components at the company's factory in Bavaria, increasing the numbers of staff to 1,4K this year.
ChargePoint, the leading EV charging network, has teamed up with a trade group representing the US truck stops and travel plazas announced their plan to leverage $1B via private and public funding sources to encourage the EVs' broader adoption.
Vodafone is set to remove Huawei technology from its European networks after the UK's decision to restrict the company's role in 5G and new EU guidelines on the equipment.
John Wood Group's industrial services unit is likely to be sold to Kaefer for a nearly $104M initial cash consideration, which will be used to cut the firm's debt.
InterActiveCorp stated that its quarterly revenue grew nearly 10% to $1.22B, marginally below estimates, affected by weakness in the digital media home services platform and applications business.
During Thursday's Asian and European trading hours, global stock indices surged, as China cut trade tariffs, and the markets began to ignore the coronavirus.
On Thursday, crude oil price benchmarks moved higher, as optimism caused by a report of the existence of a coronavirus cure pushed up all commodity prices.
During Thursday's Asian trading session, the Bank of Thailand unexpectedly cut interest rates to a record low.
On Thursday, Total reported better than forecast quarterly earnings. The announcement caused a three percent surge of the company's stock price.
On Thursday, China announced that it would divide tariffs on some of US imports starting from 0501 GMT on February 14.
Dominic Raab, the UK Foreign Secretary, said that he hopes a quick free trade agreement with Australia would be one of the first deals to achieve now that the United Kingdom has formally left the EU.
Cognizant Technology Solutions reported that its profit fell 39% to $395M in the Q4, as financial firms spent less on the company's IT services.
Domino's Pizza reported its sales rising 3.7% to £352M in the Q4, owing to increasing demand, though warned that it awaits substantial impairment charges for last year.
Spotify expected current quarter revenue between from €1.71B to €1.91B, below estimates for at least €1.90B, as the company spends more funds on promotions.