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UniCredit may make announcement later on Friday on CEO Mustier’s future: sources

Italy's biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .

Markets

Exclusive: EU to clear without conditions US$69 billion Aramco, SABIC deal – sources

EU antitrust regulators are set to give unconditional clearance to world No. 1 oil producer Saudi Aramco's US$69 billion bid for a 70per cent stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday.

Markets

Fed policymakers call for quick, strong action in next downturn

The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor Lael Brainard said on Friday.

Markets

Shopify to join Facebook-led Libra currency group

Canadian e-commerce company Shopify Inc said on Friday it would join Libra Association, a group that manages Facebook Inc led efforts to launch a global digital currency, Libra.

Markets

US existing home sales fall as supply tightens

U.S. home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number of homes under construction are at levels last seen nearly 13 years ago.

Markets

Xerox to press ahead despite HP’s poison pill plan against takeover offer

Xerox Holdings Corp said on Friday it would continue to pursue HP Inc, even after the PC maker said it would implement a poison pill plan to shield itself against a takeover offer from the U.S. printer maker.

Markets

L’Oreal’s online sales of make-up rose in China in February: CEO

Online sales of L'Oreal make-up and skincare products had picked up in China in February and were even stronger than a year earlier, Chief Executive Jean-Paul Agon said on Friday.

Markets

US will host 5G conference including companies in about a month: Kudlow

The United States will host a conference in about a month on 5G that U.S. President Donald Trump will attend and that will include companies such as Samsung Electronics Co Ltd, National Economic Council Director Larry Kudlow told reporters on Friday.

Markets

US lawmakers to introduce bill that threatens encryption on tech platforms

U.S. legislation will be introduced in the coming weeks that could hurt technology companies' ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on such platforms.

Markets

King Dollar rules as virus threatens global growth

A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.

Markets

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