A hefty profit warning sent Renault shares tumbling as much as 15% on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
Renault shares slumped on Friday after the French carmaker cut its revenue guidance for 2019 and lowered its profitability forecast.
Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong.
Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.
The world's rich nations face a double-whammy, with ageing populations meaning more retirees -- just as low and negative interest rates make it harder for pension funds to secure the investment returns needed to fill up their coffers.
When Frans Kolkman hung up his police badge in 2017, he was looking forward to a comfortable retirement. Two years later he's among millions of Dutch pensioners facing a cut and fearing there may be worse to come.
The European Union will impose its own tariffs "in due course" in its WTO dispute over aircraft subsidies after the United States hit EU imports with increased duties related to illegal subsidies for Airbus, EU trade chief Cecilia Malmstrom said on Friday.
Documents from Saudi Aramco show that the world's largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment.
Schlumberger NV's new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Bank of America also says strong sales and a growth in digital ordering will fuel bottom-line growth.
From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country's opioid epidemic, Judge Dan Polster has made one thing clear: he never wanted a trial.
Walmart's Asda has agreed a 3.8 billion pounds ($4.9 billion) 'buy in' with Rothesay Life to secure the benefits for 12,300 members of one of its pension schemes, in a deal that simplifies its balance sheet ahead of a possible standalone listing.
U.S. stocks opened slightly lower on Friday, weighed down by Johnson & Johnson, while upbeat earnings reports limited losses and calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years.
"It was built for hyper growth and that is too capital intensive," says the Starwood Capital founder.