EssilorLuxottica's 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision will face a full-scale EU antitrust investigation after the company declined to offer concessions during an initial review, people familiar with the matter said on Friday.
The coronavirus is threatening to disrupt large parts of China's manufacturing machine and its global supply chains as the spread of infection and strict public health measures force companies and workers to remain idle.
Canadian billionaire Lawrence Stroll will take a stake of up to 20% in luxury carmaker Aston Martin Lagonda Global Holdings, as the ailing British firm raises funds after a sales decline put pressure on its finances.
U.S. authorities could face difficulties fining Danske Bank over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
Orange , France's biggest telecoms company, said it had chosen Nokia and Ericsson to deploy its 5G network in mainland France, as China's Huawei Technologies faces intense political scrutiny in Europe.
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the new coronavirus that has spread from China to around 20 countries, killing more than 200 people.
Nearly 140 governments have agreed to launch a rewrite of decades-old cross-border tax rules for the digital age over the coming months, the Organization for Economic Cooperation said on Friday after talks this week in Paris.
EssilorLuxottica's 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns, people familiar with the matter said on Friday.
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.
Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people.
Oil prices will remain supported near current levels this year as persistent geo-political risks and OPEC-led output curbs help offset growing supply from other producers, a Reuters poll showed on Friday.
Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf of Mexico project, shale gas assets in Appalachia and the Kitmat LNG project in Canada.
U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which could confine the economy to a slow growth lane.