China's East Hope Group was evaluating plans to invest $10B in the industrial zone of the United Arab Emirates, acceding other Chinese firms, which seek a slice of China's Belt and Road initiative.
Profits earned by Chinese industrial firms decreased 3.7% year-over-year to $74.80B, after a 13.9% jump in the prior month, rising concerns over the already slowing economic growth in the wake of an escalation in Sino-US trade tensions.
On Sunday, the main topic of UK politicians was a no deal Brexit. Various Prime Minister candidates published various announcement in attempts to gather support.
On Sunday, the European Union election results reached a record turnover. The statistics was attributed to the large support for nationalistic parties.
On Sunday, the Chinese central bank announced that it will offer liquidity funds to the Inner Mongolian Baoshang Bank. Namely, the bank is being bailed out by the government.
It was revealed on Sunday, that Fiat Chrysler and Renault will announce on Monday the details of their potential tie-up that would create a transfer of technologies.
The German central bank's head Jens Weidmann announced on Sunday that he sees no need for a change in the ECB's monetary policy. It is another signal that the EUR will continue to depreciate in value.
On Sunday, the European Union Parliament elections were taking place. The elections were expected to increase nationalistic party power.
The leader of the UK's opposition Labour party McDonnell announced on Sunday that the party has to block a no deal Brexit.
The Conservative UK's Prime Minister candidate Esther McVey announced on Sunday that the UK has to leave the EU by October 31st.
On Sunday, a report published by Reuters stated that the coalition of the German Chancellor Angela Merkel is being threatened by the European Parliament vote of Bremen.
On Saturday, already seven candidates had put up their candidature for the post of Prime Minister of the United Kingdom.
On Saturday, it was announced that Renault and Fiat Chrysler are discussing a global tie-up that should solve the weaknesses of both companies.
On Sunday, the US President Donald Trump continued his visit in Japan. The President of the US and Japanese PM Shinzo Abe improved relations over golf.
After weeks of political turmoil, the Prime Minister of Papua New Guinea Peter O'Neill announced that he is resigning after seven years in office.
The US President Donald Trump has declared a national emergency to bypass the US Congress and expedite billions of dollars in weapon sales to the UAE and Saudi Arabia.
Caixa Economica Federal, the Brazilian state lender, has picked Morgan Stanley to help manage the process on finding insurance partners.
The Japanese Economy Minister Toshimitsu Motegi said on Saturday that the United States and Japan need to work together to narrow their trade differences.
On Saturday, President Donald Trump told Japan's business leaders that there had never been a better time to invest in the United States, as he urged greater Japanese investment in the US.
According to a report by the New York Times, Nike would waive performance-pay reductions for 12 months for their pregnant athletes.
Dominic Raab, the former UK Brexit Minister, became the sixth potential successor of the country's Prime Minister Theresa May who had resigned yesterday.
The Chinese Premier Li Keqiang stated on Friday that reduction of fees and tax cuts were vital for market vitality stimulation and stable economic development.
According to the Xinhua news agency, the Chinese authorities believe that the US attempts to curb Chinese state-owned enterprises (SOEs) should be considered as an attack on the country's economic sovereignty.
The Economy Minister of Japan Toshimitsu Motegi stated on Saturday that Japan and the United States must continue working together to reduce the number of different views on bilateral and global trade.