China's Alibaba and RDIF, the Russian sovereign wealth fund, both are set to invest $100M in Russia's joint venture, RDIF stated.
The Institute for Supply Management stated that its Non-Manufacturing PMI rose 1.4 points to 56.9 in May, as services sector activity jumped in May, easing concerns that the US economy was slowing markedly following recent weak reports.
Mitsubishi Heavy Industries announced on Wednesday it had entered talks to acquire Bombardier's regional jet programme amid industry shake-up, as the Japanese company seeks launching its own programme.
On Wednesday, Oracle Corp and Microsoft stated they have teamed up to make their cloud services work together with the high-speed links between giants' data centres, in a move to tie-up against Amazon Web Services, the cloud computing leader.
On Wednesday, Mexican officials headed out to meet the Vice President of the US to ask for a cancellation of the upcoming five percent tariff that Donald Trump is intending to set on all goods from Mexico.
On Wednesday, crude oil price benchmarks continued to decline. The event was a continuation of the previous fall, which had gained additional momentum from an increase of US oil inventories.
ESR Cayman, the logistics real estate company, launched the books on its IPO in Hong Kong this year that could potentially raise up to $1.24B, according to Reuters.
Volkswagen is set to make a €4.0B investment within the following four years to digitalise its production and administration, the German automaker announced this Wednesday, adding that about 4K jobs in the non-production divisions could be cut.
Luigi Di Maio and Matteo Salvini, two Italian Deputy Prime Ministers, have discussed to potentially breach the EU's budget deficit rule by exceeding it over 3% according to the Corriere della Sera newspaper.
Steven Mnuchin, the US Treasury Secretary, is set to meet with Yi Gang, the Governor of People's Bank of China, this weekend during the G20 leaders meeting, which is planned to be held in Japan.
On Wednesday Bernie Sanders, the Democratic Presidential candidate, is set to attend the annual meeting of Walmart shareholders to push for employees' rights, calling for $15/hour minimum wage at the company.
Samsung Electronics stated that it decided to cut the production volume of mobile phones at plant in China's city of Huizhou amid the impact of rising competition in the country.
The Internal Revenue Service was auditing taxes of Uber Technologies for 2013 and 2014, while the ride-hailing firm expected unrecognised tax benefits to be diminished within the next year by at least $141M.
The Central Bank of Ukraine is likely to keep its key interest rate unchanged, after delay to the disbursement of the IMF's aid worth $1.3B, a monthly poll revealed.
Reckitt Benckiser, the cleaning products maker, is set to invest an extra $200M in its US and UK units in 2019, including a $70M investment in a manufacturing facility In Michigan.
New orders for the US-made goods declined in April, while shipments dropped markedly, indicating lingering fall in manufacturing activity, which could undercut the broader economic growth.
The UK construction industry's PMI fell to the lowest level since March 2018, as customers delayed investment before Brexit uncertainty, while the sector lost jobs at the fastest pace since 2012.
Euro zone's inflation rate fell to an annual pace of 1.2% in May, missing expectations for a 1.3% forecast, the EU's statistics agency showed on Tuesday.
On Tuesday, MaxLinear, the radio-frequency chip maker, announced it had suspended shipments to Huawei Technologies and the Chinese giant's affiliates, adding it had no predictions whether the shipments could be resumed.
ModiFace, L'Oreal virtual reality unit, is set to provide Amazon with its make-up testing technology, the French company announced on Tuesday, allowing their customers to try on beauty products online via smartphone photos or videos.
On Tuesday, the Chinese broker Huatai Securities has launched London-Shanghai Connect, announcing its plans to attract over $500M on the LSE.
CIAM, the activist hedge fund, is set to "strongly oppose" the planned merger between Fiat Chrysler and French carmaker Renault worth $35B, calling the deal "opportunistic".
On Tuesday, the prior stock sell off that began in the US spread to the European stock markets. The decline was caused by large tech stocks being sold due to an upcoming antitrust investigation in the US.
Trump's Administration will sell 34 surveillance drones to its four allies in the South China Sea region on the back of the Defence Secretary Patrick Shanahan's statement that Washington would no longer indulge the Chinese behaviour in Asia.