Elon Musk's SpaceX is looking to raise about US$250 million (192.7 million pounds), taking the private rocket company's valuation to about US$36 billion, CNBC reported on Friday, citing people familiar with the financing.
U.S. authorities will soon announce a deal relating to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the agreement.
Developers of self-driving cars are amping up criticism of a California reporting requirement on test data, saying the data could mislead, as the state prepares to release the latest results for 2019.
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 .
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.
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.
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.
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.
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.
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.
