LyondellBasell Industries, the chemical and plastics company, announced it had inked "definitive agreements" with Liaoning Bora Enterprise Group, the Chinese refiner, on a $2.6B joint venture aiming to produce petrochemicals in the Asian country.
Austria's oil group OMV is planning a stake increase in Borealis, the plastics maker, to 75% in the potential deal valued at $4.7B, OMV announced.
On Saturday, State Bank of India stated it would have to invest $331M to acquire a stake of 49% in the private sector bank Yes Bank on the back of its rescue deal for struggling lender.
Intesa Sanpaolo, Italy's biggest retail bank, filed the offer document with the market regulator Consob for its unsolicited takeover of smaller competitor UBI Banca.
The US Democratic presidential candidate Joe Biden visited Midwest on Saturday and called members of his party for unity.
The Interior Minister of Venezuela Nestor Reverol stated on Saturday that authorities have arrested 38 PDVSA employees accusing them of fuel trafficking.
Wages in the Czech Republic increased by 7.1% in 2019 from the prior year, data published by the Czech Statistical Office show.
The unemployment rate in Canada increased by 0.1% to 5.6% in February from the prior month, data published by the Statistics Canada show.
China's foreign exchange reserves declined to $3.1067T by $1.2B from the beginning of 2020, the State Administration of Foreign Exchange reports.
China plans to accelerate introduction of 5G technology across the country, despite the coronavirus outbreak, the Vice Minister of industry and information technology Chen Zhaoxiong says.
Uzbekistan wants to join the Eurasian Economic Union as an observer state, a statement released by the Uzbek government shows.
China's foreign trade declined 11% in the first two months of 2020 to $592B, compared to the same period the prior year, amid disruptions caused by the coronavirus outbreak, the General Administration of Customs reports.
The Myanmar Investment Commission gave a green light to several local and foreign companies to operate in Myanmar which is estimated to create over 2,600 jobs.
Bernie Sanders and Joe Biden, the US Democratic presidential candidates, are planning to campaign in Michigan and Missouri this weekend.
The Prime Minister of Lebanon Alain Aoun stated on Saturday that there were a few hours left before the government would be forced to declare default.
According to a trade report, China's outgoing shipments fell 17.2% if first two months of the year amid the outbreak of coronavirus.
On Friday, Larry Kudlow, the senior White House economic adviser, said that the Trump administration could take appropriate and targeted measures to help the US economy due to the coronavirus outbreak.
On Friday, crude oil prices declined by 10% after the Russian Energy Minister Alexander Novak said that Russia and OPEC have ended the oil output cuts deal.
On Friday, the US President Donald Trump signed a bill providing $8.3B in emergency funding to fight the coronavirus outbreak.
On Friday, the US renewable fuel blending credits edged lower by over 15% after news that the Environmental Protection Agency plans to appeal the federal court refinery waiver ruling.
Bill Winters, Group Chief Executive Officer of Standard Chartered Bank, is expected to remain at the bank to complete its current strategy, the bank's Chairman Jose Vinals announced on Friday.
On Friday, Mexico's Undersecretary of Finance and Public Credit Gabriel Yorio said that the Mexican government had taken a range of approaches to reduce the impact of the coronavirus on the economy.
The UK digital bank Tandem raised $78M from investors, such as Qatar Investment Authority, and also bought a lender helping consumers to buy solar panels.
Lufthansa stated that its group of airlines is set to slash capacity 50% in the following weeks amid the coronavirus outbreak, making deeper cuts affecting all traffic areas.