During the Wednesday's Asian and European trading sessions, stock indices around the world declined. The decline was mainly driven by a 0.1% decline of the German GDP, where the largest companies that are included in indices are located at.
Amazon.com, Facebook and Alphabet's Google are set to testify in the United States next Monday against the digital services tax approved by the French government that hit the companies with over €25M of French revenue and €750M worldwide.
Third Point, the New York-based hedge fund, announced it had recently reduced its stake in United Technologies by 7%, selling 480K of the company's shares during the Q2, according to a regulatory filing.
On Wednesday, Australia's Aveo Group has signed a takeover deal with the Brookfield Asset Management units, worth A$1.27B, or A$2.195 for the retirement home operator's share.
Anbang Insurance Group has launched a sale of the entire $2.4B Japanese property portfolio, with the former holder Blackstone Group bidding for the assets, following the insurer's failure to sell the portfolio last year.
On Wednesday, the US Dollar fell by 0.41% in value against the Japanese Yen, as data showed that China's industrial output rose in July at the slowest pace in more than 17 years.
Asian shares edged higher on Wednesday after the Trump administration delayed imposing 10% tariffs on the Chinese imports.
The Chinese Foreign Ministry asked the US to back off from China's internal affairs after several US lawmakers condemned the police brutality against demonstrators in Hong Kong.
According to the USTR, the US is delaying imposing tariffs on some imports from China, including computers, video game, computer monitors, cell phones and other products until December 15.
Viacom and CBS agreed to merge, creating a firm with more than $28B in revenue, as increasingly competitive media landscape encouradged controlling shareholder to reunify the US entertainment companies.
Amazon.com was in late-stage negotiations to buy up to 10% of India's Future Retail, looking to expand the reach in the Indian market, Bloomberg reported on Tuesday, citing sources familiar with the matter.
The mood among Germany's investors slumped in August to the most pessimistic of -44.1 points from -24.5 in the prior month, since the peak of the EZ debt crisis, a survey revealed on Tuesday, heightening concerns that the economy was heading for recession.
The US consumer prices grew broadly 0.3% in July, though the signs of a rise in inflation are expected to do little to change expectations that the Fed will cut rates next month due to worsening trade tensions.
Profit at Mears Group decreased 10% to £17.1M in the first half of 2019, as the company scaled back home development business, though the order book was still strong awing to contributions from acquisitions and a government contract win.
Taiwan's Foxconn, which produces smartphones for Apple and others, reported a 2.5% decline in quarterly profit to £450M on Tuesday, a slightly smaller decrease than analysts' anticipated.
On Tuesday, Snap announced it would launch its Spectacles sunglasses' new version with a capability of taking photos or videos and uploading the captures directly to the Snapchat app, amid the tech company's intention to develop augmented reality features.
One of the EU largest banks ING stated on Tuesday it assumed the Brexit would be postponed, with a 40% chance of the United Kingdom's national election.
The British pay growth, including bonuses, has risen by 3.7% year-on-year in the second quarter, in line with Reuters analysts' forecasts, while job creation has also beaten estimates with 115K jobs created, bringing the employment level to a record 32.811M.
On Tuesday, Reliance Industries announced that it aims to reach zero debt and increase dividend pay-outs. The announcement caused a twelve percent jump of the company's share price.
Trafigura Group is planning a tie-up with the shipping companies Frontline and Golden Ocean to build a venture to supply shipping fuels, right before the planned 2020 regulations shake-up that could trigger fuel delivery disruption and price hikes.
On Tuesday, China's state planner has granted an approval for the airport project worth $155.68M in the Sichuan province, according to the National Development and Reform Commission website.
On Monday, India's Reliance Industries announced it had signed a partnership with Microsoft's Azure cloud platform, seeking to deepen the Jio telecoms unit's offerings, while posing a threat to Amazon.com and Alphabet's Google, the company's rival cloud services operators.
Verizon Communications announced it is likely sell Tumblr, its blogging website, to Automattic, which is the owner of WordPress.com.
Foreign direct investment in China grew 7.3% year-over-year to $75.56B in the first seven-month period of this year, the Commerce Ministry stated.