Britain's ROXi Music has hired Arden Partners, the UK investment bank, as the music streaming device maker is stepping closer to an initial public offering planned for this year's fourth quarter and aimed at the AIM of the London Stock Exchange.
Gilead Sciences is deepening its ties with Galapagos NV by investing $5.1B to increase its stake in the Belgian-Dutch biotech company, as it seeks for a ten-year partnership to develop and commercialise its treatments.
The Chinese economic growth pace weakened to 6.2% in the June quarter from a year earlier, the slowest pace in nearly 27 years, as demand abroad and locally faltered due to an escalating trade war with the US.
On Sunday, American Airlines Group announced that it is extending the cancelation of Boeing 737 MAX jets.
Israeli authorities on Sunday issued a tender for the fifth generation cellular frequencies technology. The country intends to launch the network in 2020.
On Sunday, it was announced by the Indian finance company Dewan Housing Finance that the company has experienced a dismal quarter. The stock of the company is expected to crash on Monday.
On Sunday, the Democratic presidential hopeful Elizabeth Warren announced to activists that the party has to embrace liberal policies, if the Democrats want to take the White House.
On Saturday, Cuban officials announced that the country's railway infrastructure would be upgraded with the help of Russian and Chinese help.
On Saturday, Cuban leaders held a National Assembly, during which it was announced that no pressure from the US or trade wars would hurt the country's economic growth.
The Trade Ministry of South Korea announced on Sunday that its delegation to the World Trade Organization will raise the issue of Japan's export curbs.
On Sunday, Gina Miller, UK Legal Campaigner, announced that she would challenge in court any attempt to bypass the British Parliament to push a no-deal Brexit.
On Sunday, the Foreign Minister of Turkey announced that Turkey will continue to drill for gas in the waters of Cyprus.
On Sunday, Amazon announced that it intends to open a warehouse in Germany that will offer 2,800 jobs.
The South Korean Trade Ministry stated on Sunday that it would raise the question of Japan's unjust restrictions on its exports at the upcoming World Trade Organization (WTO) meeting.
The Lufthansa CEO Carsten Spohr stated on Sunday that this year the company expected the passenger number to increase by 4%.
According to the Straits Times newspaper, Malaysian authorities have confiscated $240M from China Petroleum Pipeline Engineering (CPP) corporate account amid cancelation of two pipeline projects.
Huawei stated on Saturday that it would make massive layoffs of its employees in the United States amid the company's blacklisting by local authorities.
On Saturday, Mohammad Javad Zarif, the Iranian Foreign Minister, told his UK counterpart Jeremy Hunt during their telephone call that Iran would continue oil exports by any means, urging Britain to release the oil tanker Grace 1, which had been seized by the British Royal Marines last week.
Barneys New York, the US luxury department store chain, is considering options, including a bankruptcy filing, due to a change off consumer tastes and high rents struggles, sources with a knowledge of the matter reported on Saturday.
WPP is set to sell its 60% Kantar stake to Bain Capital, the private equity firm, in a deal that values the data analytics firm at around $4.0B, giving the UK owner of agencies that includes Wunderman Thompson and Ogilvy funds to trim debt and rebuild.
Hapvida Participacoes e Investimentos, the Brazilian healthcare company, has launched an initial public offering that may attract up to $700M, according to the company's plan to sell 46.4M shares.
On Saturday, the Foreign Minister of Iran Mohammad Javad Zarif told his British counterpart that oil exports would continue despite any obstacles.
An arbitration court of the World bank ruled on Saturday that the Pakistani government must pay $5.8B compensation to Tethyan Copper.
India's state Allahabad Bank stated on Saturday that it has detected a $259M fraud in Bhushan Power & Steel Ltd's corporate accounts and reported it to the Reserve Bank of India.