The investment fund Asterion has become the leader among potential bidders for the Spain telecoms operator Telefonica's data centre business, El Confidencial newspaper reported, adding Asterion is set to pay €600 for the deal.
Ross McEwan, the CEO of Royal Bank of Scotland, resigned on Thursday after over five years at this position, making the bank to search for a new CEO, it announced in a statement.
On Thursday, Nikkei reported that Japan's Hitachi plans a sale of its listed chemical arm, which has a market value of $4.87B, amid the company's intention to streamline the business portfolio.
On Thursday, UK competition regulator has banned the Sainsbury's proposed £7.3B takeover of Asda, resulting in a huge blow to the companies that intended to overtake the market leader Tesco by their merger deal.
Slack Technologies is set to unveil its filing for listing prospectus on the New York Stock Exchange as early as this week, after it had confidentially applied for public share listing in February, the Wall Street Journal's said on Wednesday.
The China's Ambassador to Peru Jia Guide stated on Thursday that in the upcoming days the country is expected to sign a memorandum of understanding, thus joining the Belt and Road initiative (BRI).
According to sources familiar with the matter, Panasonic Corp is planning to upgrade one of its plants in Japan in order to start producing more sophisticated battery cells for Tesla's self-driving cars.
LG Electronics Inc stated on Thursday that it has decided to end phone production in South Korea and manufacturing it to less costly Vietnam.
On Thursday, the Bank of Japan kept its monetary policy unchanged and reaffirmed its intention to keep low interest rates at least for the next year.
The South Korean economy shrank unexpectedly in the Q1, showing the worst performance since the financial crisis, as companies cut investment and exports dropped in response to Sino-US trade tensions and weakening Chinese demand.
Facebook reported its profit in the first quarter above Wall Street estimates and set aside $3B for a settlement with the US regulators, calming investors, who were worried about the outcome of a federal probe.
Italy's government is likely to make an investment worth €145M in any possible vehicle set up's equity to rescue the loss-making carrier Alitalia, according to a government's source reached by Reuters on Wednesday.
On Wednesday, Tyson Foods announced it had sold a 6.5% stake in Beyond Meat, the vegan burger maker, as the US meat producer sought developing its own alternative protein products line, bringing its shares down 1.6% on the news.
Elliott, the US activist investor, revealed it had acquired a €1.2B worth stake in SAP, sending the German business software firm's shares up to its record high of 11.3% on Wednesday.
On Wednesday, the German Finance Ministry's spokesman declined to provide any updates on the potential merger deal between Commerzbank and Deutsche Bank, when asked whether Berlin expected the decision to be made before Friday.
Universities Superannuation Scheme Ltd, the British pension fund, announced on Wednesday that its Humber Bidco subsidiary would acquire the telecommunications firm KCOM Group in a deal worth $652.48M.
The foundry chemicals group ASK Chemicals was put up for a sale by the buyout group Rhone Capital for about $559M due to a dealmaking flurry in the sector of chemicals, sources reported.
Amundi and Allianz are exploring to make rival bids for a merge their asset management divisions with Deutsche Bank's unit DWS on the back of the potential Deutsche's tie-up with Commerzbank.
Royal Dutch Shell has entered talks to acquire BP's 27.5% stake in the UK North Sea gas and oil field in a potential deal valued at about $250M, three sources reported to Reuters.
Goldman Sachs has entered talks with the Turkish companies and lenders to acquire distressed Turkish loans, after the recent corporate restructuring wave in the country, Reuters reported on Wednesday.
On Wednesday, Ford Motor announced it would make a $500M investment in the US electric vehicle start-up Rivian Automotive, joining Amazon.com in supporting the potential competitor to Tesla Inc.
Occidental Petroleum Corp, the gas and oil producer, has made a $57B takeover bid for Anadarko Petroleum Corp, topping the earlier proposed deal by Chevron Corp worth $50B.
Developer Related Companies stated it affiliate had agreed to acquire AT&T's WarnerMedia global headquarters located in Manhattan in the NYC's most expensive deal worth around $2.2B.
Brazil's Cielo CEO Paulo Caffarelli announced the card processor had launched instant payments and free card-reader machines for its clients after the recent moves by its rivals.