Canadian inflation hit its highest level in nearly 6½ years in June amid a pick-up in petrol prices, and lends further credence to the Bank of Canada’s case for hiking interest rates last week.
Agriculture chemicals group UPL agreed to purchase a unit of Platform Specialty Products for $4.2bn on Friday, in a deal that will bolster the company’s offerings of pesticides for farmers.
Global trade tensions escalated on Friday as Angela Merkel warned of the economic damage of US tariffs on European cars and Donald Trump said he was ready to press on with imposing duties on $500bn worth of Chinese imports.
Lloyds Banking Group has become the latest in a string of British financial institutions to run into IT difficulties, with customers left unable to transfer money due to problems with one of its most important payments systems.
US stock futures were a mixed bag on Friday as traders digest President Donald Trump’s latest threat to impose tariffs on all imported Chinese goods and pore through a new round of earnings from industrial conglomerates.
Schlumberger, the world’s largest listed oilfield services group, has said a “broad-based global activity upturn” is emerging in the industry as a result of the rebound in crude prices.
General Electric, the US industrial group, has reported earnings in line with expectation for the second quarter but suffered a hit to its profit margins.
US industrial conglomerate Honeywell raised its full-year sales and earnings guidance for the third time this year, as strong growth across all segment of its businesses eclipsed uncertainties around US trade policies.
German Chancellor Angela Merkel on Friday warned that the brewing transatlantic trade war between the US and the EU was now “very serious” and stressed that the imposition of retaliatory tariffs would be the “worst solution.”
SingHealth, the largest healthcare group in Singapore, was hit by a major cyber attack that targeted the data of prime minister Lee Hsien Loong and resulted in the leakage of 1.5m patients’ non-medical data, according to a government statement released on Friday.
Germany’s Europe minister has said he is growing “nervous” about the state of Brexit negotiations as EU governments meet for their first formal discussion about the UK’s ‘white paper’ in Brussels today.
The Swiss arm of French-listed bank Rothschild & Co seriously breached Switzerland’s anti-money laundering rules according to the Swiss financial regulator, becoming the final bank to be reprimanded by the watchdog over its links to Malaysia’s 1MDB state investment fund.
Acacia Mining said it was still not clear when a dispute with the Tanzanian government over its gold exports would be resolved, saying it was holding out for a “comprehensive” deal.
UK public finances continued to improve in June, with the deficit in the first quarter of the 2018-19 financial year lower than at any time since 2007. But the good news was tempered by weak tax receipts.
Shares in Beazley dropped 12 per cent in early trading, after the London-based insurer said profits for the first six months of the year were down by almost two-thirds.
US private equity group KKR has agreed its second Greek non-performing loan deal, teaming up with the country’s four main banks to invest in one of their big troubled borrowers.
Unexpectedly high claims costs have taken a big bite out of Beazley’s profits, pushing the insurer’s earnings down by almost two-thirds and wiping 5 per cent off its share price.
The Bank of England has probed the strength of KPMG’s business after a string of high-profile corporate scandals damaged the reputation of the “big four” accounting firm.
Thai Air Asia X, a joint venture including Malaysia’s AirAsia X, the long-haul segment of low-cost Air Asia, and its Thai unit, will be seeking an IPO soon, Tony Fernandes, founder and chairman of AirAsia, said on Friday.
Shares in indebted aviation-to-finance conglomerate HNA Group’s flagship unit fell by the maximum 10 per cent in Shanghai on Friday, their first trading day in more than six months, as the company returns to the market after an internal reorganisation.
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