Richemont and Alibaba have joined their forces with intention to crack the Chinese online luxury market; a cooperation that is set to feature Yoox Net-a-Porter Group's offerings to the local customers.
On Thursday, American International Group stated it had received the final approval from the UK to divide its London-based EU insurance business into two new entities, as part of its Brexit restructure.
The chipmaker Mellanox Technologies is working with a financial adviser on a potential sale, as the company raised a takeover interest in at least two firms, a CNBC report showed on Friday.
Chevron is in negotiations to acquire the Brazilian oil company's Texas refinery Pasadena Refining System, according to sources familiar with the situation.
On Friday, the Prime Minister of China Li Keqiang and his Japanese colleague Shinzo Abe signed a number of cooperation agreements intended to improve bilateral relations in the areas of innovation, trade, finance and security.
The Monetary Authority of Singapore stated on Friday that an escalating trade tensions between the United States and China most probably would hit the country's economy in coming year, though strength of the impact is uncertain.
In a meeting with the Japanese Prime Minister Shinzo Abe, the Chinese Premier Li Keqiang called his neighbouring country to safeguard free trade and multilateralism, thus becoming an area of peace and growth.
On Friday, General Motors Co (GM) urged the United States government to support national electric vehicle (EV) program that could result in 7M cars of such type on roads by 2030.
Amazon.com projected holiday season sales and profit, which missed Wall Street view, expecting revenue growth to be the weakest in years, sending the company's shares 8% down.
Tokyo's core inflation remained unchanged in October from the prior month, government data revealed, offering small encouragement for the Central Bank f Japan, as it struggles to reach 2% inflation target.
Tesla shares soared on Thursday as Wall Street analysts stated that the company passed behind with profitable Q3 results and might not now need to increase outside capital.
The UK households enjoyed strongest wage growth in the year to April, though earnings were still below levels before the 2008 financial crisis, an annual survey revealed.
The US business spending on equipment remained weak in September, while the goods trade deficit kept widening, as growing imports outpaced exports' rebound, indicating that economic growth moderated in the Q3.
Whirlpool stated that it expected about $300M in costs amid higher expenses on raw materials and tariffs, and announced plans to counter that via raising prices and exiting loss-making businesses.
ConvergeOne Holdings, the IT services provider, considers selling itself after it has raised a takeover interest from PE firms, sources familiar with the situation stated on Thursday.
Shares in the Brazilian firm StoneCo surged 33% on Thursday in their US market debut, bringing the credit card processor's value to $8.88B.
Fortum's CEO Pekka Lundmark stated was not expecting the cooperation talks with the German firm Uniper to have any quick progress, adding they would take time to solve all the issues.
Germany's Metro has started searching for a strategic partner for the company's Chinese business, as the wholesaler is reviewing all possible options for its Asian unit, Bloomberg reported.
The number two NAND flash memory chip producer in the world, Toshiba Memory, is set to go public next autumn, according to a Kyodo News report published on Wednesday.
France's auto parts manufacturer Faurencia will acquire a controlling stake in Japan's Clarion, the car navigation system developer, from its owner Hitachi in a deal worth $710M, according to the Nikkei.
Toshiba is thinking over a liquidation of its British nuclear division NuGen, a move that would leave the country to find for alternatives, as the project provided about 7% of the UK electricity.
Essar Steel India has proposed a $7.42B settlement to its creditors over claims, a deal that could allow the firm to exit from its bankruptcy process.
Rothschild & Co is planning a sale of its trust services business unit to one of the company's managers amid its intention to focus on the wealth management operation expansion.
France's shipping company CMA CGM is set to make a proposal to buy out Ceva Logistics' other shareholders, as it seeks to reinforce a partnership with Switzerland's transport company.