Markets

Italy has picked the consulting firm Deloitte as it financial adviser in setting up a 500 million-euro real estate fund in an effort to squeeze money out of the property it owns, an official told Reuters on Friday.

REUTERS: Twitter Inc posted better-than-expected second-quarter revenue on Friday and an uptick in daily users who see advertisements on the site, driven by changes to show users more relevant content, sending its shares up nearly 5per cent. However, the company forecast third-quarter revenue ...

FRANKFURT: U.S. private equity investor KKR said on Friday its tender to buy out minority shareholders in Axel Springer had received acceptances on behalf of 6.7per cent of the shares in the German publisher. KKR is teaming up to take Axel Springer private with Friede Springer, the 76-year-old ......

Chinese authorities investigating FedEx Corp suspect the U.S. delivery company illegally withheld more than 100 packages of Huawei Technologies and that it also violated other laws, state news agency Xinhua reported on Friday.

The U.S. Justice Department is expected to announce on Friday it is approving the US$26 billion merger of Sprint Corp and T-Mobile US Inc , according to sources briefed on the matter.

McDonald's Corp reported a stronger-than-expected rise in sales at established U.S. restaurants on Friday, as the world's largest burger chain benefited from national and local deals, including the 2 for US$5 Mix and Match offer.

Messaging giant WhatsApp plans to launch its first payment service this year in India, its biggest market with 400 million users, the company said Friday.

Shares of Alphabet Inc rose nearly 9per cent in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.

The U.S. economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment.

U.S. economic growth in 2018 missed the Trump administration's 3per cent target by any measure, which could renew criticism of the White House's US$1.5 trillion in tax cuts.