A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and executives, alleging their failure to manage risk doomed the bank's prime brokerage business to fail with the collapse of Archegos Capital.

Agricultural and construction machine maker CNH Industrial said on Friday it had sold the engineered films division on its Raven Industries unit to private equity firm Industrial Opportunity Partners (IOP) for $350 million.

The U.S. dollar index fell from 20-year highs and Wall Street equities sold off on Friday with the latest economic data and Amazon.com's disappointing quarterly report and outlook keeping the spotlight on surging inflation.

A volatile stock market faces a critical test next week, when the U.S. Federal Reserve is expected to raise interest rates and give more insight on its plans for tightening monetary policy to fight surging inflation.

Brazilian President Jair Bolsonaro signed a decree to cut taxes on industrial products (IPI) by 35% effective on May 1, a deeper tax cut than the 25% reduction that is in force now, an effort he says will boost economic activity as the country emerges from the pandemic.

Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended that Kohl's Corp investors elect two of the 10 board nominees put forth by activist investment firm Macellum Advisors as the department store considers selling itself.