UBS is set to sell its wealth management business in Austria to Liechtenstein-based bank LGT, the Swiss banking giant stated on Wednesday.
StockX announced that it raised $275M in a financing round led by Tiger Global Management, valuing the e-commerce startup at $2.8B.
Upstart Holdings' shares increased 30% in their Nasdaq debut, giving the cloud-based AI lending platform $1.88B market capitalization.
The economy of Cambodia is projected to expand 4% in 2021 after a contraction in 2020, a statement published by the World Bank shows.
The Greek economy is expected to expand 4.8% in 2021, a statement published by the Greek Prime Minister Kyriakos Mitsotakis shows.
Samsung Electronics has signed a cooperation agreement with IBM on Wednesday to combine private 5G networks with the "edge computing", as the companies aim to help their customers automate production.
On Wednesday, Zoom Video Communications announced its plans to expand its footprint in Singapore by setting up a research & development centre as well as immediately hiring hundreds of new staff for the operations.
On Wednesday, the price for Bitcoin passed the 20,000.00 mark and immediately reached the resistance of the 20,800.00 level.
The World Bank is expecting the Russian economic growth in 2021, potentially due to the COVID-19 vaccine impact, but warned Russian banks there might be still tough times ahead.
On Wednesday, Fiat Chrysler Automobiles stated it was planning to spend $150M to establish India's global technology centre.
BP has taken a stake in Finite Carbon, the biggest US carbon offset developer, the oil giant announced on Wednesday, as it seeks to build a new stream of revenue.
During Wednesday's European trading hours, stock indices surged, as the US Dollar reached a historical low level.
Cathay Pacific Airways is expecting its second-half loss to be "significantly higher" than the first-half reading, tumbled by low demand due to the coronavirus pandemic.
On Wednesday, ZeroAvia, the hydrogen plane start-up, announced it secured $21.4M in a round of funding led by Breakthrough Energy Ventures aiming to build zero-emission commercial aircraft.
The e-commerce firm ContextLogic attracted $1.1B in the initial public offering held on Tuesday by selling its shares at $24 apiece, at the top of the company's target range.
Honda Motor has started to recall 1.79M vehicles across the world amid safety issues, including 1.4M units in the United States.
On Tuesday, the European Commission proposed a rewrite of the EU's TEN-E rules, which guided $5.71 billion in EU cash to energy projects over the last decade.
On Tuesday, the European Union announced that big tech companies could face hefty fines between 6-10% of their yearly turnover under new draft rules.
Britain's Chief Secretary to the Treasury Steve Barclay stated on Tuesday that the European Union would need to move for a mutually beneficial post-Brexit trade deal with the United Kingdom.
According to sources with knowledge of the matter, Aon's $30 billion deal for Willis Towers Watson faces a full-scale probe by the EU antitrust regulators.
Belgian investor GBL agreed to buy Germany's Canyon Bicycles, expecting that the company's solid expansion will continue once the coronavirus pandemic subsides.
The EU antitrust regulators are set to open an investigation into Aon's $30B bid for Willis Towers Watson to create the world's biggest insurance broker, two sources said.
The Department of Justice and FBI investigated Swedbank, Danske Bank and SEB on possible breaches of the US AML regulations and fraud, sending their shares lower.
Apple is planning to make up to 96M of iPhone devices in the 2021's first half, raising the output by nearly 30% year-over-year amid robust demand for the company's 5G handsets, according to a Nikkei report seen on Tuesday.