On Wednesday, the President of the EU Council Donald Tusk announced that the EU will not make a new Brexit offer to the United Kingdom. Moreover, the President commented that the promoters of Brexit, who did not create a specific exit plan, deserve a place in hell.
The President of the European Commission Jean-Claude Juncker announced on Wednesday that there will be no Brexit deal renegotiations.
As the Siemens and Alstom plan to create a new European rail giant was stopped by EU antitrust laws, Germany and France both called for a change of the laws.
A German government source revealed to Reuters on Wednesday that the German government will seek to change EU competition laws in the second half of 2020. This would allow the creation of the recently discussed Siemens and Alstom European rail plan.
Nutrien, Canada's farm and fertiliser supply dealer, announced it would take over the privately-owned maker of plant and soil health products, Actagro LLC, in a deal worth $340M.
Uniper, Germany's energy group, is set to launch fresh talks with its major shareholder Fortum over the future cooperation between the companies, seeking to break the impasse, which caused frustration for the firm.
The Swiss group Sunrise Communications stated it had entered talks about a potential takeover of the Swiss unit UPC Schweiz owned by the broadband provider Liberty Global.
On Wednesday, the EU largest copper smelter Aurubis, announced it would seek for new buyer for the company's flat rolled products unit or explore other options for its business.
The British opposition Labour party stated it would halt privatisation of the state-rescued RBS, in case it came to power, but abstain in the daily meddling.
Apollo Global has inked a memorandum of understanding with the pension scheme of Britain's RPC Group, after the asset manager had agreed to acquire the packaging products maker last month.
Japan's SoftBank has unveiled a $5.5B worth share buyback this Wednesday, after reporting a 60% rise in its Q4 operating profit boosted by increasing valuations for the group's technology investments.
On Wednesday, the Canada cannabis producer Aphira has rejected a hostile takeover bid from Green Growth, the US cannabis retailer, saying its offer undervalued the company.
TomTom is expecting a significant rise in its software or enterprise sales this year, after reporting strong results for the holiday quarter, and forecasting 15% of combined revenue growth from digital mapping services sales in 2019.
Cevian Capital, the activist investor, established a stake in the Irish building products and heavy materials group CRH, becoming its second-largest owner, Christer Gardell, the firm's managing partner stated on Wednesday.
By the middle of Wednesday's London trading session crude oil prices had declined by almost one percent. The move was attributed to the weekly crude oil inventories.
On Wednesday, European Union officials announced that the Siemens and Alstom initiative to create a common European railway company. The deal was blocked by EU antitrust regulators.
Margrethe Vestager, the European Competition Commissioner, has started a news conference at 1045 GMT on Wednesday, which is taking place in Brussels, regarding two merger deal cases, with more information is expected to be provided in the nearest time.
Credit Suisse stated on Wednesday it was expecting the tax rate for 2018 to appear higher than previously forecast, adding it was likely to be hit by the US tax provisions, which were aimed at preventing firms from shifting their profits abroad.
On Wednesday, the German Cabinet is set to hold secret session to discuss the participation of Huawei Technologies in establishing Germany's 5G mobile networks on the back of safeguard measures related to the Chinese giant's allegations of collecting private data.
The activist fund Elliott is expected to boost its stake in the German energy utility Uniper, Reuters reported on Wednesday, but no further details has been provided yet.
Societe Generale, the French bank, agreed on a sale of its majority stake in Moldova unit to the Hungarian OTP Bank, expecting to finalise the transaction within the next months.
Ralph Lauren, the luxury retailer, has topped analysts' estimates, reporting better-than-expected results for its Q4 earnings and sales, sending the company's shares up more than 12% on the news.
The United States warned its EU allies not to use China's Huawei Technologies equipment for building the 5G mobile networks, State Department's official reported.
On Wednesday, it was announced by Tesla that the company is once more cutting its Model 3 car's price due to the end of a customer referral program.