Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
Toyota Motor Corp on Friday announced plans to raise its stake in Subaru Corp to more than 20% as Japan's biggest automaker cements ties with its smaller rival to better compete with overseas automakers to develop new technologies.
Oil prices were steady on Friday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
The challenges facing banks are "enormous", Commerzbank Chief Executive Martin Zielke said on Friday, after the German lender said it no longer expected a rise in underlying revenues this year.
The United States on Thursday imposed sanctions on a firm it said was participating in a scheme to avoid U.S. sanctions while helping provide jet fuel to Russian forces in Syria.
Marathon Petroleum Corp said on Friday the company's board supports Gary Heminger as the chief executive officer after a report that two shareholders were calling for his ouster.
World share markets dipped on Friday, with concerns about U.S. political developments after a whistleblower complaint against President Donald Trump denting optimism about an easing of U.S.-China trade tensions.
Apple Inc is planning to show feature-length films in theaters before releasing them on its streaming TV service, the Wall Street Journal reported on Friday, citing people familiar with the plans.
UK's Civil Aviation Authority said on Friday 72 flights are scheduled to operate to bring back a further 16,000 people to the country following the collapse of Thomas Cook.
Turkey will be able to make up for the number of tourists lost after Thomas Cook collapsed earlier this week, Tourism Minister Mehmet Ersoy said on Friday, announcing that several airlines are expected to increase flights to the country.
Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share from 38.50 euros, heating up a bidding war over Osram.
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
Here's what former defensive end-turned-financial-expert Patrick Kerney tells NFL players about being financially savvy.
The shock resignation of outspoken policy hawk Sabine Lautenschlaeger from the European Central Bank's Executive Board vacates a seat at the ECB's top table just as Mario Draghi prepares to hand over the presidency to Christine Lagarde.