IAG, the owner of British Airways, is planning to raise $3.27B from shareholders for its financial recovery from the coronavirus crisis, its CEO Willie Walsh said on Friday.
On Friday, Apple's shares skyrocketed 7.1% to their record high of $412, boosted by strong quarterly results and making the iPhone maker the world's biggest public company.
Caterpillar Inc. shares dropped 4% on Friday after the corporation published its conservative outlook on Q3 sales, the retail sales stepped down 23% in Q2 due to the pandemic-induced turbulences.
The US Commerce Department stated on Friday that consumer spending had increased consequently in May and June, although the future growth is endangered by a recent rise in the coronavirus cases.
Fiat Chrysler reported a lower-than-anticipated operating loss of €928B in its Q2, instead of the expected €1.87B loss, as the carmaker managed to contain some negative effects caused by the COVID-19 pandemic.
ByteDance, the Chinese tech giant and TikTok owner, is exploring an initial public offering of its local business in Shanghai or Hong Kong, Reuters reported on Friday.
L'Oreal's CEO Jean-Paul Agon reported the company's sales climbed in July, their first surge since January 2020, sending the shares up 1.3% on the results.
Warren Buffett-owned Berkshire Hathaway has acquired another $522M worth stock of Bank of America, lifting its already big stake in the second-biggest US bank by assets to 11.8%.
Amazon.com reported its largest profit in the retailer's 26-year history on a major surge in its online sales and the lucrative business backing the third-party merchants during the coronavirus lockdowns.
Crude oil prices edged higher on Friday, the Brent crude futures were up by 1%, at $43.35 per barrel at 07.02 GMT, while the US crude gained 43 cents, or 1.1%, to $40.35.
On Thursday, the US President Donald Trump openly floated the idea of delaying the US general elections in November.
MasterCard's shares surged by 1.41% in premarket trading on Thursday, after the company announced a better-than-expected quarterly profit.
Boeing Co announced it would cut the production of 787 Dreamliner twin-engine jets to six per month in 2021.
According to sources with knowledge of the matter, Exxon Mobil is planning a deep job and spending cuts.
Kellogg's shares rose as much as 2.6% on Thursday to hit an over 21-month high, after the company increased its yearly profit and sales forecast.
According to the Federal Statistics Office, the German gross domestic product declined by 10.1% in the second quarter.
According to the US Commerce Department, the US gross domestic product contracted at a 32.9% annualized rate in Q2, the deepest decline since 1947.
The Vietnamese economy is expected to grow 2.8% in 2020 and 6.8% in 2021, a forecast published by the World Bank shows.
Panasonic reported a net loss of $93.56M in the second quarter of 2020 amid the coronavirus pandemic, a financial report published by the company shows.
The French economy is expected to perform better than previously expected, a statement published by the Bank of France Governor Villeroy de Galhau shows.
The British car production sector contracted 42.8% in the first six months of 2020, compared to the same period in 2019, the Society of Motor Manufacturers and Traders reports.
The Lloyds Banking Group reported a pre-tax loss of $782M in the first six months of 2020 amid the coronavirus pandemic, a statement published by the company shows.
The US economy contracted 32.9% in the second quarter of 2020, compared to the same period the prior year, data published by the US Commerce Department show.
Google's $2.1B worth bid for Fitbit, the fitness tracker maker, is set to face the EU antitrust probe next week, Reuters reported on Thursday.