Volkswagen is expecting to double its electric car deliveries and raise profits for the core brand in 2021 after the automaker accelerated its switch to zero-emission vehicles.
Vodafone is planning to price its infrastructure arm Vantage Towers' shares at €24 each, bringing the company's valuation to €2.13B, in one of the EU biggest IPOs of 2021.
During Wednesday's European trading hours, the stock price for Volkswagen surged by 7.00% or 14.50 EUR. The stock price extended a three day surge, which was caused by a string of positive news from the company.
BMW is anticipating that not less than half of the carmaker's sales to be electric cars by 2030, adding that its MINI brand is likely to be fully electric by this time.
During Wednesday's European trading hours, the prices for crude oil extended their decline despite a drop in US inventories.
According to ACEA data, European new vehicle sales dropped by 20% year-on-year in February due to the coronavirus lockdowns and rising uncertainty across Europe.
On Wednesday, the UAW union criticised Ford Motor's plan to produce new vehicles at its Mexico plant rather than in Ohio amid potential violation of the carmaker's contractual commitments.
On Wednesday, German carmaker BMW stated it is anticipating a significant year-over-year growth in its 2021 pretax profit, as the company sees a robust performance in all segments.
Baidu, China's internet search giant, is planning to raise as much as $3.08B from its secondary listing in Hong Kong, Reuters reported on Wednesday.
As reported by the US Commerce Department on Tuesday, US retail sales declined by 3% in February.
Mastercard Inc has suspended the interchange fee increase until next year April, the company announced on Tuesday.
On Tuesday, the S&P 500 index hit all-time highs, as investors and traders await the US Federal Reserve meeting later this week.
Crude oil prices edged lower for a third consecutive trading session on Tuesday. Brent crude was down by 1.6% to $67.78 a barrel, while the US crude fell by 1.9% to $64.13 per barrel.
The economy of Brazil created more than 250,000 jobs in January, the strongest growth since records began in 1992, a report published by the Economy Ministry shows.
Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.
Volkswagen, the world's second largest car manufacturer, is worth €200B, the Chief Executive Officer Herbert Diess says.
US business inventories increased 0.3% in January after rising 0.8% in December, a report published by the Commerce Department shows.
US retail sales declined 3% to $561.7B in February, compared to the previous month, data published by the US Commerce Department show.
The Southeast Asia M&A chief of JPMorgan Chase & Co, Ee Ching Tay, stepped down from his role at the lender to head Barclays' Southeast Asian investment banking, according to Reuters.
On Tuesday, Ford Motor said its Turkish joint venture is set to start building its Transit van's next version for the EU market in 2023, including hybrid and fully electric variants.
Apple's major supplier Foxconn considers making electric vehicles at the Wisconsin high-profile plant in the US, though also thinks over Mexico, the Taiwanese company's chairman said on Tuesday.
China's ByteDance is planning semiconductors chips development, as China seeks self-reliance by reducing dependence on foreign producers such as Nvidia Corp or Qualcomm Inc.
During Tuesday's European trading hours, crude oil price benchmarks declined. The decline was attributed to rising global stockpiles of oil.
Volkswagen said on Tuesday it is planning cost cuts to raise its profit margins within the coming years, after the carmaker outlined an ambitious EV expansion.