A private equity firm led by former bankers from top Italian investment house Mediobanca has agreed a backstop worth up to 1 billion euros ($1.1 billion) to help Mediaset ensure safe passage for its plans to create a pan-European TV player.
The interest rate on U.S. overnight repurchase agreements climbed early Friday in advance of an operation conducted by the New York Federal Reserve which may add up to $75 billion in temporary cash in the U.S. banking system.
A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.
President Donald Trump's barrage of tweets blasting the U.S. Federal Reserve appears to have been ignored by both Republicans and Democrats who largely see the central bank as neutral in its decision making, according to results of a new Reuters Ipsos poll.
Here are the biggest calls on Wall Street on Friday
The boss of Netflix says the looming arrival of Apple , Disney and NBC to the global streaming market will push content costs to levels that make its epic drama about the British Royal family "look like a bargain".
Germany's Commerzbank is considering selling its Polish subsidiary mBank as part of a new strategy, daily Handelsblatt reported on Friday.
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Mitsubishi Corp , Japan's biggest trading house by revenue, said on Friday a trader at its Singapore-based unit has lost $320 million through unauthorized transactions in crude oil derivatives, and the matter has been reported to the police.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, the low-cost airline said on Friday.
Saudi Aramco is confident full production will resume by the end of September from Khurais, one of two oil sites attacked on Sept. 14, a company executive said on Friday.
Saudi Aramco has booked at least 120,000 tonnes of naphtha for September loading from Europe in a rare move as it seeks to plug a supply gap following attacks on its oil facilities on Saturday, industry sources said.
U.S. stocks opened marginally higher on Friday as an interest rate cut by China's central bank and signs of co-operation on trade between the world's two largest economies allayed concerns about a slowdown in global growth.
Commerzbank announced on Friday it was planning to cut jobs and reduce branches as part of an overhaul and review of its strategy.
President Donald Trump's barrage of tweets blasting the U.S. Federal Reserve appears to have been ignored by both Republicans and Democrats who largely see the central bank as neutral in its decision making, according to results of a new Reuters Ipsos poll.