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| Uber sets terms for IPO, posts $1 billion first-quarter loss |
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Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business. |
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| Renault to propose joint holding company with Nissan: Nikkei |
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Renault SA will propose to Nissan Motor Co a plan to create a joint holding company which would give both firms equal footing as the French automaker seeks further integration with its Japanese partner, the Nikkei newspaper reported on Friday. |
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| Stock futures flat ahead of GDP data |
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U.S. stock index futures were flat on Friday, as investors paused ahead of GDP data, which is expected to show the world's largest economy maintained a moderate pace of growth in the first quarter. |
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| China's Xi says Belt and Road must be green, sustainable |
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China's Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver "high-quality" growth for all. |
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| Ad group WPP hit by client losses in North America |
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The world's biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important market. |
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