European Markets See Sharp Slump, Asian Shares, US Stock Futures Down
Investors also looked to the Federal Reserve for its next move following weak U.S. economic data this year.
German, French Central Bank Chiefs Call For Closer Eurozone Ties
The central bank heads urged eurozone countries to transfer “sovereignty and powers to the European level.” Last year, French Economy Minister Emmanuel Macron, above, called for full fiscal integration in the EU.
Election 2016: Bill Clinton Issues Verbal Tirade Against Bernie Sanders
In 2008, the former U.S. president made headlines for defending his wife, Hillary Clinton, and launching a strong attack against Barack Obama.
Volkswagen May Delay Reporting Earnings, Annual Shareholders Meeting By 4-6 Weeks
The German automaker’s decision to delay key investor events for four to eight weeks underscores the extent of damage caused by the diesel emissions scandal.
Zika Virus Fails To Ruin Brazil’s Annual Carnival, Millions Party On First Day
Millions of revelers partied across the country on the first day of Brazil's annual carnival as health officials distributed leaflets alerting partygoers about Zika.
Twitter CEO Jack Dorsey Addresses Plan To Reorder Timelines
CEO Jack Dorsey took to Twitter to assure users that Twitter's real-time heart would be preserved.
EU Urges Turkey To Open Border For Syrian Refugees
EU officials said Turkey had a moral and legal duty to help Syrian refugees streaming into its territory to escape fighting in their home towns.
China’s Foreign Exchange Reserve Sheds About $100B, Cushioning Yuan’s Fall
The drop in January was just slightly lower than the fall of $107.9 billion in December, the biggest on record.
Taiwan’s Electronics Makers Unruffled After Earthquake, Say Business As Usual
An earthquake ripped through the southwestern Taiwanese city of Tainan — a hub for some of the world’s biggest electronics companies and chip makers.
Singapore Airlines Gets Shareholder Nod To Delist Tiger Air
Singapore Airlines, in January, made a higher bid than its earlier offer for taking over Tiger Air but said it did not intend to improve its offer further.
Citigroup Halts Payments For Fantasy Sports Sites FanDuel and DraftKings
The controversial daily fantasy sports industry was dealt a blow Friday when Citigroup refused to service payments made by its credit and debit cards to two of the biggest operators in the business.
Greek Yogurt Maker Chobani Turns Down PepsiCo’s Stake Bid
Talks between the two companies broke down as Chobani refused to part with a majority stake to PespiCo.
Washington State Scraps Bill Linking Jobs To Tax Breaks At Boeing
The state’s House Finance Committee rejected a bill Friday which sought to link Boeing’s tax breaks to the number of people it employs in Washington.
Foxconn, Sharp Close To Merger Deal, Foxconn Chief Says; Shares Surge
Sharp’s shares gained 25.7 percent in two days on the Tokyo Stock Exchange on Friday reports of Foxconn’s chief flying to Japan to meet company officials.
China’s Corruption Watchdog Details Widespread Graft In Financial System
China’s corruption watchdog released the findings of a two-month investigation into the practices of major civic and financial authorities on Friday.
Toyota Raises Annual Profit Forecast, Nine-Month Profit Jumps Despite Lower Car Sales
The world’s largest automaker said that Friday’s outlook did not include the impact of the suspension of its Japanese facilities.
BNP Paribas’ Quarterly Profit Plunges, Promises Spending Cuts
France's largest bank posted a 52 percent decline in fourth-quarter earnings and pledged to restructure its investment banking business to boost profits.
Morgan Stanley Says Crude Oil Prices To Slide, Cuts Average 2016 Brent Price Forecast
Morgan Stanley predicted on Thursday that an imbalance between supply and demand in the oil industry would continue for another two years — seeing an average price of $40 per barrel in 2017.
Asian, European Shares Rally On Oil Gains, Dollar Slips
Speculation over a hold on Federal Reserve interest rate hikes and big gains in crude oil prices pushed global markets and U.S. stock futures up Thursday.
Credit Suisse To Slash 4,000 Jobs, Shares Fall As CEO Warns Of Further Volatility
Big financial agencies have scaled back their investment banking divisions in recent months amid tougher capital requirements and a slump in revenue.
Toshiba Warns Of Biggest Yearly Loss, Announces Deeper Spending Cuts
After an accounting scandal last year, the Japanese company has been working hard to exit some of its unprofitable ventures.
Sharp U-Turn: TV Maker Enters Exclusive Merger Talks With Foxconn, Report Says
Company shares soared following news about the bidding war between Foxconn and a Japanese government-backed fund for the electronics company.
Honda Recalls 341,000 Accords In US Over Restraint System
The Japanese automaker recalled some 2008-2010 Accord models in the U.S. after discovering issues with an electrical unit that controls the release of air bags.
Ford Asks Hundreds Of European Workers To Leave In Voluntary Downsizing
The company announced cost-cutting plans Wednesday, due to rising regulatory costs and increased competition.
Asian Stock Markets Slide As Oil Prices Tumble, Europe Stocks Open In Red
Investors rushed to safe havens such as gold and bonds as most world markets extended Tuesday's losses.
Swatch Profit Misses Estimates As Demand For Swiss Watches Declines
The Swiss watchmaker's sales declined for the first time in 6 years, down 3 percent in 2015.
ChemChina Offers To Buy Syngenta For Over $43B
If completed, the deal announced Wednesday would be China’s most ambitious foreign takeover to date.
Lenovo’s Profit Beats Estimates Despite Shrinking PC, Smartphone Sales; Stock Slumps
Stringent cost cuts helped the world’s largest PC maker post a surge in quarterly profits even as sales declined for the first time in over six years.
Volkswagen’s Board Member Says No Pressure To Part With Trucks Business
A board member of the world’s second-largest car manufacturer by sales said the company is not under pressure to sell its truck manufacturing unit.
9 Americans Among Militant Suspects Detained In Saudi Arabia
The Americans were among 33 suspects detained on terrorism charges in Saudi Arabia over the past week, according to a local report Sunday.