U.S.-listed shares of Alibaba Group Holding dipped on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, just hours after rival PDD raced past to become the most valuable Chinese e-commerce firm.
Shares in Worldline surged almost 12% on Friday after a media report said Credit Agricole was considering acquiring a stake in the French payment processing company.
Signify is to cut jobs as part of a restructuring that is targeting annual savings of 200 million euros ($218 million), sending shares in the world’s biggest light maker up as much as 6.6%.
China’s electric vehicle giant BYD Co Ltd on Friday announced subsidies for some models and a discount of up to 20,000 yuan ($2,803) in December for buyers who are switching from oil to electric cars.
Electric-vehicle maker Fisker said on Friday it will scale down production this month and produce lesser cars this year than its previous guidance, to prioritize cash for working capital needs.
First Quantum Minerals will suspend its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country’s government, the miner said on Friday.
National Bank of Canada reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions.
A U.S. auto safety regulator said on Friday it is opening an investigation into 73,000 Chevrolet Volt plug-in hybrid cars over reports of loss of power, failures to restart and other issues.
The global monetary tightening cycle was in its last throes in November, with major developed central banks delivering just one increase and the number of cuts outstripping hikes for the first time in 33 months across emerging markets.
