Oil prices dropped on Friday, following their 11-month record highs hit in the previous week, tumbled by concerns that new coronavirus-related restrictions in China may affect fuel demand in the largest global oil importer.
On Friday, the US President Joe Biden appointed Allison Herren Lee, a Commissioner for the US Securities and Exchange Commission, as an acting financial industry regulator's head, the SEC stated.
On Friday, Volkswagen reported its annual adjusted operating profit nearly halved, while vehicle deliveries had shown a robust recovery in the Q4, lifting the carmaker's shares by 1.5% to €164.32.
On Friday, the US President Joe Biden is se to sign two orders aimed at increasing the pandemic-related stimulus checks to needing families and boost food aid for those children who rely on meals at schools as the main nutrition source.
Intel's incoming CEO said in a statement the company was aiming to make its products in Intel plants by 2023, but admitted it could also shift to outside factories.
Honor, the Chinese budget phone developer, signed partnerships with key chip suppliers, including Qualcomm and Intel, after being divided from Huawei Technologies in efforts to save it in 2020, it stated on Friday.
The social media platform Parler has lost its bid to require Amazon.com to restore its web hosting services, which Amazon had turned off after the January 6 US Capitol's storming.
Joby Aero, the electric passenger aircraft manufacturer, is considering to go public via a merger deal with the blank-check acquisition company at the valuation of about $5B.
Ford Motor Co announced that it will recall 3M cars for airbag inflators, which could rupture, at a $610M cost.
BMW's Finance Chief stated that the company plans to return to pre-pandemic operating margin goal, while big investments in EVs mean it will have to simplify its car portfolio.
Volkswagen faced a more than €100M fine for missing EU targets on CO2 emissions from the company's 2020 passenger vehicle fleet, the carmaker stated.
International Business Machines beat forecasts for quarterly profit, which grew 10% to a record $7.5B, thanks to strong demand for cloud business.
KLM plans to cut an additional 1,000 jobs this year after cutting 5,000 jobs the previous year, a report published by the company shows.
The economy of China is expected to expand more than 7% in 2021 after a modest growth in 2020, a report published by the Swiss bank Credit Suisse shows.
The Bank of Canada decided to keep the key interest rate unchanged at 0.25% amid uncertain economic conditions, a statement published by the bank shows.
The economy of Uruguay is expected to contract 5.5% in 2020 and to rapidly recover in 2021, a report published by the Central Bank of Uruguay shows.
The unemployment rate in Australia declined to 6.6% in December from 6.8% in November, a report published by the Australian Bureau of Statistics shows.
Foreign trade turnover of Uzbekistan declined 13.1% to $36.3B in 2020, compared to the previous year, data published by the Uzbek State Statistics Committee show.
Malaysia's e-wallet venture owned by Ant Group and CIMB Group has entered advanced negotiations with investors to attract at least $150M for funding expansion plans, Reuters reported on Thursday.
Deutsche Telekom, the German telecoms group, has tied up with Cellnex, Spain's phone mast operator, as two companies seek to combine their tower businesses in the Netherlands.
On Thursday, BlackRock announced it would add bitcoin futures as the eligible investment to two funds, amid the asset manager's intention to offer its clients the access to the cryptocurrency world.
On Thursday, global stocks racked up their record highs and the US dollar dropped, as investors got major stimulus from the new US President Joe Biden, Reuters reported.
Britain's IG announced on Thursday it was planning to acquire tastytrade, the US trading platform, in a $1.0B deal.
TIAA's asset management unit worth $1.1 trillion, Nuveen, exited Chinese companies that had been affected by the US investment ban, including such companies as Xiaomi Corp and China Telecom.