Reuters revealed on Wednesday that Chinese buyers have increased purchases of US crude oil, as prices have plummeted to historical low levels.
On Wednesday, published data revealed that in March unemployment in the Eurozone reached 7.3%, which was the lowest level since March 2008.
At the middle of Wednesday's GMT trading hours, global stocks declined, as the effect of previously announced economic stimulus disappeared.
During Wednesday's Asian trading hours, crude oil price benchmarks fluctuated near $25 price level, as it had recovered due to a Russian announced halt of output increases.
Apple doubled donations to China's efforts to combat the COVID-19 to more than $7.0M, the tech giant's CEO Tim Cook said on Wednesday, weeks after Apple reopened 42 stores in the country.
Xerox Holdings has abandoned its $35B hostile bid for the IT company HP Inc, after the coronavirus crisis stalled its takeover campaign, Reuters reported.
Fiat Chrysler is not planning to postpone its merger process with the French carmaker PSA Group, according to recent information by the FIOM union, Reuters reported.
Citigroup will postpone this year's investor day initially scheduled for May 13 amid the coronavirus outbreak and is set to follow the health authorities' guidance to set a new day for the event.
According to data from Eurostat, Eurozone's inflation fell to 0.7% in March due to the falling crude oil prices and the coronavirus crisis.
On Tuesday, the US Federal Reserve said that it would delay the new regulations for when companies are considered in control of a bank for six months.
On Tuesday, crude oil prices remained stable. The US West Texas Intermediate rebounded from 18-year lows after the United States and Russia agreed to start talks on stabilising the oil market.
On Tuesday, Walt Disney announced that its Disney+ service would be launched with local partner Hotstar in India on April 3, increasing rivalry with Amazon's Prime Video and Netflix.
The Japanese industrial output increased by 0.4% in February, compared to the previous month, data released by the Ministry of Economy, Trade and Industry show.
The British economy expanded by 1.1% in the last quarter of 2019, compared to the same period in 2018, the Office for National Statistics reports.
The Cambodian economy is expected to slow down to 2.5% in 2020 after a 7.1% growth in 2019, a statement published by the World Bank shows.
The Egyptian tourism sector expanded to $13.03B in 2019, compared to $11.6B in 2018, a report published by the Central Bank of Egypt indicates.
The Vietnamese economy is expected to expand 4.9% in 2020, a decline from the previous estimate of 6.5%, a statement published by the World Bank shows.
China's four major telecom companies plan to spend $27.8B on 5G technology this year as the country aims to deploy new infrastructure projects to offset the impact of the COVID-19 pandemic.
On Tuesday, Xiaomi announced that its quarterly profits had jumped by 27% and had beaten previous profit forecasts.
As the last day of the quarter's trading started, global stock indices were expected to book the worst quarterly results since 2008.
On Tuesday, the State Bank of Vietnam stated that commercial banks need to cut operational costs, bonuses and dividends.
China's Huawei Technologies on Tuesday reported a 5.6% increase in its 2019 profit, the smallest annual profit rise in three years, tumbled by weak international sales amid the US campaign to ban its global expansion citing security concerns.
On Tuesday, the President of Indonesia Joko Widodo stated that the government would spend additional $25 billion on battling the impact of the coronavirus.
Swedish economy is expected to shrink 4% in 2020 due to the negative impact of the coronavirus outbreak on supply and demand, the country's Finance Minister Magdalena Andersson stated on Tuesday.