United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen's MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets.
Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday.
Lenders to Jet Airways agreed on Friday to provide some interim financing to the bankrupt airline to help it cover legal and other costs, as resolution experts look to find a potential buyer.
Britain and Sweden agreed on Friday to study air combat co-operation over the next decade and opened the door to other potential partners in a move that could see the Scandinavian country join a planned next-generation UK fighter project.
U.S. stock futures inched higher on Friday as strong results for Microsoft's cloud business fed into a bullish mood following signs from New York Fed President John Williams that the U.S. central bank was set to cut interest rates this month.
National Australia Bank on Friday announced veteran banker Ross McEwan would be its new chief executive, as the lender seeks to rebuild confidence after a scathing national inquiry.
BlackRock Inc , the world's largest asset manager, on Friday reported a 6.5per cent drop in second-quarter profit, as investment advisory and securities lending revenue fell and costs rose.
The world's leading brewer, debt-laden AB InBev, said Friday it is selling off its Carlton & United Breweries (CUB) unit in Australia for 16 billion Australian dollars (US$11.3 billion) following a failed IPO.
BlackRock Inc , the world's largest asset manager, on Friday reported a 6.5per cent drop in second-quarter profit, as investment advisory and securities lending revenue fell and costs rose.
U.S. stock futures inched higher on Friday as strong results for Microsoft's cloud business fed into a bullish mood following signs from New York Fed President John Williams that the U.S. central bank was set to cut interest rates this month.
