OneConnect, the financial technology division owned by Ping An Insurance, has hired Morgan Stanley, Goldman Sachs and JPMorgan to advise on its planned initial public offering in Hong Kong worth up to $1.0B.
UBS, Banco Santander, Credit Suisse Group, Barclays and other world's biggest banks invested about $50M to establish a digital cash settlement project that uses blockchain technology.
SpaceX has postponed the launch of the Starlink satellite once again for around a week amid inclement weather late on Thursday, seeking to update satellite's software and make a re-check.
The Italian government will seek to prevent a break-up of the struggling planemaker Piaggio Aerospace, Luigi Di Maio, the country's Deputy Prime Minister, announced on Friday.
Canada's Iamgold is considering a potential full or partial sale of the gold miner unit, entering talks with a few possible buyers, Bloomberg's report showed on Thursday.
Chico's FAS, the women's apparel retailer, rejected a bid made by the private equity group Sycamore Partners to take the firm private in the deal valued at $407.8M.
The investment fund LetterOne owned by Russia's tycoon Mikhail Fridman stated on Friday it had gained control over DIA, the loss-making Spanish retailer, after submitting a takeover bid.
A Reuter's poll results published on Friday revealed that a majority of economists set the possibility of a US recession in the next two years at 40%.
On Friday, Kazakh officials announced that Transneft has tainted Kazakh oil that was transported through a Russian pipeline. The country will seek reparations for the damaging of almost 600,000 tonnes of oil.
Starbucks' Chinese challenger, Luckin Coffee, priced its US listing at the targeted price range's top, raising $561M by selling 33M American depository shares at $17 each, according to sources with a knowledge of the matter.
Amazon.com has entered talks to acquire a stake in the British food delivery service Deliveroo, as part of the $575M fundraising, with Deliveroo expected to unveil the deal during the coming days, according to Sky News' report seen on Friday.
French Naval Group is considering to purchase Thyssenkrupp's marine unit if the German conglomerate offered the division up for a sale.
Hewlett Packard Enterprise is in there advanced negotiations tot acquire the supercomputer maker Cray, in a deal that might be announced as early as this week, according to Bloomberg.
According to sources from the industry, the Chinese government is considering cutting wholesale prices of aviation fuel, a measure that could save local airlines up to $145M per year.
On Thursday, Microsoft Corp and Sony Corp announced that they would form a strategic partnership over joint development of image sensors and cooperation with streaming of video games.
Goh Choon Phong, the Singapore Airlines CEO, stated on Friday that the company did not have intention to cancel its order for acquiring 31 Boeing 737 MAX jets.
According to sources familiar with the matter, the most probable buyers of a stake in Hitachi Chemical are KKR & Co, Carlyle Group, Bain Capital and other large private equity companies.
Walmart announced expectations for prices for shoppers to increase amid higher tariffs on China's goods, as the world's biggest retailer reported the best comparable sales rise for the Q1 in nine years, with shares closing up 1.4% higher.
The Trump administration officially added the Chinese Huawei Technologies to the trade blacklist, enacting restrictions, which are expected to make it very difficult for the telecom giant to do business with the US companies.
EDF's CEO Jean-Bernard Levy vowed on Thursday the French state-owned utility would protect minority shareholders in its potential capital restructuring, adding it would also seek the nuclear energy regulation reform to make it more independent from the company's business.
Italy's Leonardo has entered talks with a possible partner regarding the torpedo business alliance, Alessandro Profumo, the Italian defence group's Chief Executive Officer, stated on Thursday.
BNP Paribas Bank Polska's Chief Executive Przemyslaw Gdanski stated on Thursday the lender had no plans for any acquisition deal, but stressed he was expecting to view the further consolidation on the Polish market.
WPP shortlisted the US buyout funds to make binding bids for the controlling stake in the Kantar data analytics unit, seeking to finalise its sale until the end of June, Reuters reported on Thursday, citing four sources familiar with the situation.
Japan's Takeda Pharmaceutical is expecting to receive binding proposals for the company's Latin American business by May's end, according to Reuters sources.