Business News

Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound.

A consortium of private equity firms KKR & Co Inc and Ampersand Capital Partners has approached Oxford Immunotec Global Plc , a medical diagnostics company that develops tests to identify tuberculosis, with a $400 million acquisition offer, people familiar with the matter said on Thursday.

Twitter Inc has disabled U.S. President Donald Trump's campaign's tribute video to George Floyd saying there has been a copyright complaint.

Brazilian state-run oil firm Petrobras has started the process to sell its minority stakes in five power plants throughout Brazil, it said in a filing on Thursday night.

A consortium of private equity firms KKR & Co Inc and Ampersand Capital Partners has approached Oxford Immunotec Global Plc, a medical diagnostics company that develops tests to identify tuberculosis, with a $400 million acquisition offer, people familiar with the matter said on Thursday.

An email by a Goldman Sachs Group Inc employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supporting junior bankers from diverse backgrounds went viral at the firm this week.

* Netease raises at least $2.7 bln in secondary HK listing-sources

Data center server maker Super Micro Computer Inc is looking to open a new site in the United States to assemble computers, possibly in Oregon, the East Coast or Midwest, Chief Executive Officer Charles Liang told Reuters on Thursday.

Chinese online gaming firm Netease raised at least $2.7 billion in a Hong Kong secondary offering after pricing its shares at HK$123 ($15.87) each, according to two sources with direct knowledge of the matter.

Novavax Inc said on Thursday the U.S. Department of Defense (DoD) will give the late-stage biotech company up to $60 million to fund the manufacturing of its experimental COVID-19 vaccine. The U.S.-based company said the deal includes the delivery of 10 million doses of its COVID-19 vaccine - NVX-CoV2373 - to the DoD this year.

Oil prices eased slightly on Friday as markets wait to see whether major producers will commit to an extension of record production cuts to support oil prices.

A federal judge on Thursday rejected Bernard Madoff's request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme.

U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world.

Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Broadcom Inc on Thursday forecast current-quarter revenue with a midpoint slightly below analysts' estimates, in part caused by a delay at a "large North American mobile phone" customer that analysts believe is Apple Inc .

Broadcom Inc on Thursday forecast current-quarter revenue with a midpoint slightly below analysts' estimates, in part caused by a delay at a "large North American mobile phone" customer that analysts believe is Apple Inc.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

U.S. President Donald Trump on Thursday signed an executive order that gives federal agencies emergency powers to fast-track major energy and other infrastructure projects by overriding environmental permitting requirements.

A U.S. appeals court has blocked Bayer AG from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product.