1. Tokyo stocks plunge again with the benchmark Nikkei index losing nearly 5 per cent as a strong yen hammered exporters, ending a tumultuous week on Japanese markets.
2. Jamie Dimon, the JP Morgan Chase CEO, spent $26 million on 500,000 shares of the bank’s stock, to encourage other investors. The bank’s shares have lost 20 per cent of their value this year, amid a global selloff in banks.
3. Rolls-Royce has cut its dividend payment to shareholders for the first time in almost 25 years and warned of further job cuts to come. The final dividend payment to shareholders has been cut by 50 per cent, to 7.1p a share. Analysts had expected a 30 per cent reduction.
4. Commerzbank shares soared by around 14 per cent in early trading on the Frankfurt stock exchange as investors welcomed the strong performance of Germany's second-biggest lender in 2015.
5. Renault profit jumped 44 per cent last year. The French carmaker’s operating profit climbed to €2.32 billion ($2.62 billion) from €1.61 billion a year earlier, Europe’s third-biggest automaker said in a statement Friday.
6. The Competition and Markets Authority has fined several pharmaceutical companies for anti-competitive conduct and agreements in relation to the supply of the anti-depressant drug paroxetine. The fines include £37.6 million levied on GlaxoSmithKline.
7. Groupon, a website offering “deals to consumers, reported stronger than expected earnings. The company's stock rose almost 20 per cent after it beat revenue expectations.
8. Companies that fail to address pay differences between male and female employees will be highlighted in new league tables under plans announced on Friday.
The world's 15 most powerful women in 2015
The world's 15 most powerful women in 2015
1/15 Angela Merkel - German Chancellor
German Chancellor Angela Merkel has retained her number one ranking for topping this year’s Forbes list for the fifth consecutive year and ten times in total.
2/15 Hillary Clinton - Presidential candidate, United States
Clinton, who could become the world’s most powerful leader in 2016, has been featured on the list every year since it launched in 2014.
3/15 Melinda Gates - Cochair, Bill & Melinda Gates Foundation
Melinda Gates has cemented her dominance in philanthropy and global development to the tune of $3.9 billion in giving in 2014 and more than $33 billion in grant payments since she founded the Bill & Melinda Gates Foundation with her husband in 2000.
4/15 Janet Yellen - Chair, Federal Reserve, Washington, United States
Janet Yellen made history in 2014 when she became the first female head of the Federal Reserve.
5/15 Marry Barra - CEO of General Motors
Mary Barra made history by becoming the first female CEO of General Motors.
6/15 Christina Lagarde - Managing director, International Monetary Fund
Christine Lagarde is entering the last year of her first term heading the International Monetary Fund (IMF), the organisation which serves as economic advisor and backstop for 188 countries. Under Lagarde the IMF has supported efforts to increase female labor force participation as way to reduce poverty and inequality. The UK, Germany, China, France and Korea have endorsed Christine Lagarde for another term as the head of the IMF.
7/15 Dilma Rousseff - President, Brazil
Dilma Rousseff, who has been elected in 2010, is Brazil's first female president.
8/15 Sheryl Sandberg - COO of Facebook
Sheryl Sandberg, Facebook COO and author of bestseller “Lean In,” joined the company in 2008 and became the first woman on its board four years later. Sandberg helped the social network go public and expand digital revenue.
9/15 Susan Wojcicki - CEO of Youtube
Susan Wojcicki is CEO of YouTube, the world’s most popular digital video platform used by over a billion people across the globe. She oversees YouTube's content and business operations, engineering, and product development.
10/15 Michelle Obama - First lady, United States
Michelle Obama, the 44th first lady of the United States has focused her attention on issues such as the support of military families, helping working women balance career and family and encouraging national service.
11/15 Park Geun-hye - President, South Korea
Park Geun-hye is the first female leader of a country that has the highest level of gender inequality in the developed world. In her inauguration speech, she promised to prioritise both national security and economic revitalisation.
12/15 Oprah Winfrey - Actress, Director/Producer, Entrepreneur, Personality, Philanthropist
Oprah Winfrey, a former queen of daytime TV has proven she can thrive without a talkshow. Her 'The Life You Want' tour sold out stadiums from Newark to Seattle in 2014.
13/15 Ginni Rometty - CEO of IBM
Ginni Rometty joined IBM in 1981 and later became the first woman to lead the company.
14/15 Meg Whitman - CEO of Hewlett-Packard
Meg Whitman is the only woman to have headed two large U.S. public companies: eBay and Hewlett-Packard.Until Marissa Mayer's arrival at Yahoo, she was the only female head of a leading Internet-based company.
15/15 Indra Nooyi - CEO of PepsiCo
Indra Nooyi is Chairman and Chief Executive Officer of PepsiCo. Mrs. Nooyi leads one of the world’s largest convenient food and beverage companies, with 2008 annual revenues of more than $43 billion.
9. First-time buyers in 2016 will have already spent an average £52,900 on rent.
10. Uber, the car hailing service, agreed to pay $28.5 million to 25 million riders to settle a class-action case surrounding its safety practices advertisements.Reuse content