Nasdaq News

The euro was flat against the dollar on Friday before a European Union summit that will try to reach agreement on a 750 billion- euro recovery fund.

A UBI Banca shareholder group holding 8% of the Italian bank will tender its shares in the takeover bid launched by Intesa Sanpaolo for its smaller rival, the group's Chairman Franco Polotti told a local newspaper.

Engineering group Renishaw Plc raised its annual revenue forecast on Friday, sending its shares to their highest in more than a year, although restructuring costs prompted the British company to downgrade the profit estimate.

The Russian rouble eased to a one-week low on Friday as investor concerns over China-U.S. relations and rising COVID-19 infections worldwide continued to impede risk appetite.

Russian mining giant Norilsk Nickel on Friday said it would double its spending this year on measures to protect against the coronavirus outbreak to 20 billion roubles ($278.5 million).

European Union leaders gathered on Friday for crunch summit talks on a multi-billion-euro plan to breathe life into their economies, their first face-to-face summit since the coronavirus pandemic plunged the bloc into its latest crisis.

Philippine shares were set for a second straight weekly drop on Friday following a surge in COVID-19 cases in the country, while the Indonesian rupiah weakened as uncertainty over future monetary policy dented investor sentiment.

The euro zone economy may contract less this year than the European Central Bank had forecast and its recovery could also be quicker, the bank's Survey of Professional Forecasters showed on Friday.

In the wake of the Wirecard accounting scandal, exchange operator Deutsche Boerse said on Thursday it was proposing rules to enable it to quickly expel companies from the leading DAX index when those firms file for insolvency.

Shanghai shares on Friday were set for their worst weekly drop in 15 months, as China's better-than-expected GDP data fuelled worries over the pace of policy easing, while foreign investors turned to sell shares after a torrid bull run.

New Zealand Rugby (NZR) said on Friday its board had committed to establishing a new professional team competition in 2021 with eight to 10 sides, including a Pacific Island squad.

Sweden's Ericsson on Friday reported quarterly core earnings ahead of market estimates and said it was maintaining its financial targets for 2020 and 2022.

(RTTNews) - Today's Daily Dose brings you news about AC Immune's progress in Alzheimer's vaccine, Cediprof selecting Lannett as its new distribution partner for thyroid drug, and Merck's upcoming regulatory catalyst.

Swedish bank Swedbank on Friday reported a smaller-than-expected fall in net profit for the second quarter as increased lending and deposit-taking helped offset the impact of the coronavirus pandemic.

Nordea Bank reported a 66% fall in second-quarter operating profit on Friday, hit by an increase in loan-loss provisions due to the coronavirus pandemic.

Surges in coronavirus infections are slowing a recovery in fuel use from the doldrums of lockdowns in the United States and other countries, raising concern it could be years before consumption rebounds from the impact of the pandemic.

French bank Natixis will merge its commodities and infrastructure operations to focus on clean energy in a restructuring sources said was accelerated by a series of loss-making loans to oil traders.

The dollar held onto gains against most currencies on Friday as worries that a resurgence in the coronavirus is starting to curb economic activity drew safe-haven flows into the U.S. currency.

The yuan edged down on Friday as the Chinese stock market gave up more gains from a week-long rally on worries that Beijing may start to scale back policy support and as Washington ramped up political pressure amid worsening U.S-Sino relations.

Twitter Inc said late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised.