Attention shifts to the US next week with investors bracing for a deluge of earnings as well as the Federal Reseve’s latest monetary policy decision and the first reading of second quarter economic growth.
Shares in the big three German carmakers fell Friday after it was reported that the Volkswagen Group had alerted EU competition authorities about secret meetings at which the German carmakers sought to work together to cut costs of complying with emission regulations.
S&P Global Ratings has upgraded its outlook on Greece’s sovereign credit rating to positive from stable as Athens’ left-wing government prepares to tap the bond markets for the first time since 2014 in the coming weeks.
Sean Spicer has resigned as White House press secretary after President Donald Trump’s decision to name former hedge fund executive Anthony Scaramucci as communications director, according to US media.
Spanish construction and infrastructure giant ACS confirmed on Friday that it is considering a counteroffer for Spanish toll operator Abertis, which is currently the object of a €16.3bn takeover bid from Italian rival Atlantia.
Diversey agreed to remove a controversial clause from a high-yield bond sale on Friday, according to sources with knowledge of the matter, after facing pushback from investors concerned about its potential misuse.
Schlumberger, the world’s largest oilfield services group by market capitalisation, has pointed to “robust” activity in North America and strengthening markets in some other parts of the world as its revenues and earnings rose in the second quarter.
General Electric, the US’s largest manufacturing group by market capitalisation, reported a 45 per cent drop in earnings per share for the second quarter of the year, in its last set of results before Jeff Immelt, chief executive for almost 16 years, steps down.
The rand bounced back on Friday morning after yesterday’s surprise interest rate cut hit the South African currency, as analysts predict that a weak dollar and high risk appetite will outweigh local concerns (for now at least).
Ireland’s central bank has boosted its leadership team with two new appointments to manage financial regulation, easing its staffing headaches as it attempts to deal with the workload created by Brexit and Dublin’s growing importance as a financial centre.