Trian Fund Management, the hedge fund of Nelson Peltz, has acquired a 2.9% stake in the coatings and paints maker PPG Industries, in a deal valued at $690M, the WSJ reported on Wednesday.
FamilyMart Uny Holdings is in talks to sell the remaining stake in its Uny merchandise store unit to Don Quijote Holdings, the discount retailer, according to the Nikkei Business magazine report.
On Wednesday, Innogy SE's Npower and the British energy supplier SSE have won a regulatory approval to tie up their retail units, seeking to create Britain's second-biggest retail power provider.
On Wednesday, Chinese short-term rental platform Xiaozhu.com has raised nearly $300M in the latest funding round led by Yunfeng Capital, an investment company of Alibaba's founder Jack Ma.
On Wednesday, the International Monetary Fund claimed that trade tensions have resulted in a growth of financial stability risks and could increase even more sharply if pressure on emerging markets escalates.
On Wednesday, Chinese Huawei, the largest manufacturer of telecom equipment in the world, unveiled two AI powered chips to boost the company's cloud business.
On Wednesday, the oil prices on the market edged lower because of the economic forecast of the International Monetary Fund, predicting decrease in a global growth in 2018 and 2019.
On Tuesday, the Wall Street Journal reported that Japanese SoftBank is in talks to buy the major stake in WeWork COS, a company providing office spaces.
On Wednesday, the International Monetary Fund claimed that a global debt has reached $182T in 2017, growing by 50% in comparison with a previous decade.
On Tuesday, the Organisation for Economic Cooperation and Development claimed that a rising debt of Indonesian companies owned by the state could indirectly result in fiscal risks for the Indonesian government.
On Tuesday, the EU agreed to cut cars' emissions by 30% by 2025, voicing the concerns of the EU regarding global warming, although adding that such emissions cut could result in risks for car manufacturing industry.
On Tuesday, FMCG corporation Procter & Gamble Co was informed that it has been exempted from the 25% US tariffs on imported steel which is used for its Venus and Gillette razor blades.
On Tuesday, the US President Donald Trump claimed that he would consider the former White House advisor and Goldman Sachs executive Dina Powell as the US ambassador to the UN.
On Tuesday, the Dow Jones reported that the UK and the EU could possibly agree on the departure of the UK from the alliance in the next year by Monday next week.
On Tuesday, the President of the US Donald Trump claimed that he is planning to hold a second summit between him and the leader of North Korea Kim Jong Un.
On Monday, the Energy Minister of Russia Alexander Novak claimed that Syria and Russia have discussed a possible reconstruction of oil and gas infrastructure and facilities in Syria.
On Monday, the President of France Emmanuel Macron claimed that he would campaign for making the European anti-monopoly rules stricter in the next year's European Parliament elections.
Germany's carmaker Volkswagen's sales dropped in September due to the new exhaust systems rules' introduction, the Wolfsburg-based firm announced.
German exports to Britain are likely to fall up to 57%, resulting from the UK withdrawal from the EU, the German Economic Institute's study revealed.
Portugal's government anticipated the economy to expand 2.2% in 2019 and the budget to reach the balance, a lawmaker stated after meeting the Finance Minister.
Paschal Donohoe, the Finance Minister of Ireland, announced plans to double the country's betting tax to 2%, which would take effect from January 2019.
Ford was building an electric van for delivery in Europe using Deutsche Post's technology start-up StreetScooter, as Germany's cities clamp down on emissions.
The interior minister of Poland was recommending Warsaw to quit the UN migration pact before the final approval, as it likely to encourage illegal migrants, the Ministry stated.
Microsoft Corp will invest into the Southeast Asian ride-sharing company Grab on the back of the companies' partnership that allows collaborating on technology projects, such as artificial intelligence and big data.