Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world's largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan's presidential elections next year.
Japan's Nissan said on Friday it would grant alliance member Renault's representatives seats on key committees of its board, ending a dispute between the two automakers.
Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act.
Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran shot down a U.S. military drone and on hopes for a drop in U.S. interest rates that may stimulate global growth.
United Airlines said it had suspended flights from New Jersey's Newark airport to the Indian financial capital of Mumbai following a safety review after Iran shot down a high-altitude U.S. surveillance drone.
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, which is the subject of money laundering investigations, an anti-graft official said on Friday.
Asian stocks struggled on Friday to track Wall Street's exuberance about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded the investor mood in the region.
Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.
All eyes will be on U.S. President Donald Trump and China's President Xi Jinping next week as investors are desperate for any signs of a thaw in U.S.-China relations even if it shifts expectations for much awaited Federal Reserve interest rate cuts.
Brazil's state-controlled oil company Petróleo Brasileiro SA confirmed on Friday it had made a $700 million payment related to an arbitration ruling and a lawsuit by U.S.-based Vantage Drilling Company.
Citi economists said on Friday if the Federal Reserve decides to lower U.S. interest rates next month, it would do so with a bold 50 basis-points cut, together with an earlier end of its balance sheet reduction.
Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office.
Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday in a fight over whether telecommunications equipment that it sent from China to the United States, and then back to China, is covered by Export Administration Regulations, according to a court filing.
Brazilian state-controlled oil company Petróleo Brasileiro SA said on Friday it had made a $700 million payment to oil services provider Vantage Drilling Company in a case involving a contract that it had terminated.
Oil prices added to recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows of crude from the Middle East, while a gauge of global stock markets edged back from seven-week highs following a run-up spurred by optimism over monetary policy.