Inditex, the owned of Zara, has appointed Carlos Crespo as the company's new CEO, splitting the chairman and Chief Executive role and leaving Pablo Isla to conduct the group.
On Thursday, Trump's Administration announced a $16B farm aid plan to offset the ten-month trade war losses with China, saying that payment rates were set to be determined by the location where they farm, not what crops they grow.
JPMorgan Chase has trimmed its ties with the OxyContin maker Purdue Pharma over its the drugmaker's alleged role in the American opioid crisis, a move that is forcing it to look for another bank to manage its bill and cash payments.
The Federal Reserve stated on Thursday that the major US banks would seek holding at least $700B in reserves, compared to the existing holdings worth $1.2 trillion.
Yoshiaki Murakami, the Japanese veteran activist shareholder, failed to take over a controlling stake in the printing company Kosaido, according to his funds statement on Thursday, due to the setback on the corporate Japan's entrenched practices.
Shares in Duratex, Brazil's wood panel manufacturer, surged as much as 3% on Thursday after the announcement it would acquire the ceramic tile producer Cecrisa in a deal worth $132.6M.
Israel's Delek Group has clinched an agreement to sell a 32.5% stake in the insurer Phoenix Holdings in the deal valued at $476M to the private equity groups Gallatin Point Capital and Centerbridge Partners.
The private equity firm Triton made a bid to acquire Thomas Cook's Nordic operations, the tour operator stated on Thursday, adding it was reviewing an unsolicited offer, but the negotiations were at their preliminary stage.
The US-based self-driving software Apex.AI has hired the German car boss veteran, who serves as CEO of VW's China business and Continental Ag, Karl-Thomas Neumann, to its board on Thursday.
The US smartphone financing technology start-up PayJoy raised $20M from the venture capital company Greylock Partners with Core Innovation Capital, EchoVC and Union Square Ventures also participating in the funding round.
Nissan Motor has no plans for a potential merger deal with its key shareholder Renault, the Japanese carmaker stated on Thursday, adding that no board nominee is pressing to make the case an issue at the moment.
Tesla is highly likely to hit its record-high for the Q2 deliveries, topping the 90.7K it sent to its customers in the last year's final quarter, the carmaker's CEO Elon Musk stated on Thursday.
The antitrust chief of the US Department of Justice, Makan Delrahim, is still backing the T-Mobile's $26B takeover deal with its smaller competitor Sprint Corp, according to CNBC.
Saint-Gobain, the French construction materials manufacturer, is planning a sale of the French distributions centres that represent €250M in annual revenue.
BP is getting closer to a stake sale of the Egyptian major gas and oil firm to Dragon Oil in a deal valued at more than $600M, banking and industry sources stated.
LondonMetric Property, the British warehouse owner, announced on Thursday it would acquire A&J Mucklow, the RE investment trust, in a stock-and-cash deal valued at $524M.
The hedge fund ValueAct urged the owner of Madame Tussauds, Merlin Entertainments, to go private, stating that it could raise about 30% more than the company's current market valuation.
The Norwegian firm BW Offshore is planning to float BW Energy later this year to boost the expansion of the gas and oil business in Brazil on the report its Q4 earnings surged 72%.
On Thursday, British outsourcer Serco announced it would acquire a naval system unit owned by the US engineering company Alion in a deal valued at $225M, sending its share up 9% on the news.
The tech company Lenovo Group announced on Thursday a three-fold growth in its quarterly profits. The company announced that it has not been influenced by trade talks and has continued to increase PC sales.
On Thursday, the Purchasing Managers Index for the Manufacturing and Services sectors was released in the EU. The data disappointed, as growth has not increased in the EU. The event caused a decline of the EUR.
On Thursday, the Chinese Lenovo Group reported its Q4 profit surged more than three-fold to $118M due to strong computer sales that helped the PC developer top market expectations.
Mafengwo, the Chinese travel site, stated it had attracted $250M in its latest round of funding conducted by Tencent Holdings amid the company's intention to expand in the fast-growing online travel market.
On Thursday, Japan's Nippon Life Insurance stated it would boost its stake in the Reliance Capital-owned asset manager to 75 percent.