Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world's second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds ($4.45 billion).
IBM has withdrawn an application for anti-trust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom, after the German cartel office made a critical initial assessment of the plan.
European stocks gained ground on Friday as hopes that central banks would loosen policy offset trade friction and the threat of global recession, putting indexes on track for their best week in two months.
Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion.
A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars.
European shares climbed on Friday as hopes that central banks would loosen policy offset trade friction and the threat of global recession, putting them on track for their best week in two months.
A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months, according to an industry analysis seen by Reuters.
U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday
U.S. stocks opened higher on Friday, after a weak payrolls data in May increased bets that the Federal Reserve would lower interest rates, while news that the United States would give China more time to avoid a tariff hike helped add to the gains.
Sanofi has poached Paul Hudson from Novartis to replace Chief Executive Olivier Brandicourt who will retire in September, France's biggest drugmaker said on Friday, helping send its shares almost 5 percent higher.
U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year.
U.S. job growth slowed sharply in May and wages rose less than expected, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls for the Federal Reserve to cut interest rates this year.
Shares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker forecast that sales would more than double overall in 2019 after they tripled in the first quarter.
In order to get the most out of a startup accelerator program, choosing the right accelerator for your business is essential. Continue reading