Japan's SoftBank is eager to announce this Tuesday a $1.0B investment in the Colombia delivery app Rappi, an investment deal that would be the first made by recently created Investment Fund, SoftBank's unit aimed at Latin America.
On Tuesday, General Electric reported its Q1 profit more than tripled to $954M, driven by the higher sales in the company's aviation, healthcare, gas and oil units.
Alphabet's shares plunged as much as 7.5% to its lowest level since October 2012, tumbled by competition that hurt the giant's revenue, currency fluctuations and YouTube disruptive changes.
Blacklane, the German chauffeur service, is considering to launch an IPO within the following three years, its CEO said to Reuters, as the company is expanding its footprint in the fast-growing taxi market.
On Tuesday, the European stock indices declined. The loss of stock value was caused by bad earnings in the banking sector. Moreover, the aftermarket of the US had experienced a drop due to the lower than expected Google profits. There was a general sell sentiment.
It was revealed on Tuesday that nearly 20 million barrels of oil from Iran is stored in the port of Dalian. The oil can no longer be sold due to US sanctions. It is expected that it will be sold after all through various schemes.
Ferrovie dello Stato, the Italian state railway, stated it was considering a potential delay of the deadline to submit its rescue plan for the struggling carrier Alitalia.
Brazil's Magazine Luiza agreed to acquire Netshoes, the online shoe retailer, in a deal valued at $62M, offering to pay $2 for a share, sending Netshoes shares down to 3.9%.
Airbnb CEO Brian Chesky stated on Tuesday that the company would be ready for its initial public offering launch later this year, CNBC cited as saying.
According to the New York Times, Tesla is set to trim prices on solar panels and other related equipment by up to 38% below the average price throughout standardising systems.
Sprint and T-Mobile US have extended the deadline to complete their planned merger deal worth $29B to July 29, after the US Antitrust Division chief had not passed his verdict whether the transaction should be approved.
On Tuesday, the Blackstone Group announced it had acquired Geo-Young, South Korea's wholesale drug distributor, in a bind deal with the firm's founder, not disclosing the financial terms of the deal, but added the transaction to take place in the 2019 Q2.
The employee benefits administrator WageWork confirmed on Tuesday it had received a takeover bid from the US health savings accounts custodian, HealthEquity for an unknown price.
The We Company, the owner of WeWork, announced it filed for the US initial public offering, another American start-up that was planning a debut of its stock market this year.
The head of the International Monetary Fund Christine Lagarde announced on Tuesday that she expects the US and China to close a trade deal in the near future. The announcement did not make an impact on exchange rates and stock prices.
On Tuesday, Asian stock benchmarks declined in value. Chinese manufacturing data was being blamed for the decline.
During the Asian trading session on Tuesday crude oil prices declined. The event was seen as a normal price consolidation in the aftermath of another recent surge.
On Tuesday, Virgin Australia Holding announced that it will delay the purchase of Boeing 737 MAX airplanes to cut spending and make sure that the airplane is safe. The announcement hurt Boeing stock price.
Samsung Electronics flagged better results in the second half, after posting a 60% decrease in first-quarter profit, suggesting higher anticipated sales of smartphones and memory chips.
British car production fell for the tenth consecutive month, declining 14.4% year-on-year to 126K cars in March, affected by a drop in key foreign markets, the SMMT stated,
Factory activity in China grew for a second month in succession in April, though at a much weaker pace, suggesting that the economy was still struggling to gain traction in spite of a support measures' flurry.
Logitech International stated that keyboards and mice for online games players had surged, as the peripherals maker reported a 22% increase in profit to $42.1M over the fourth quarter.
The US Treasury Department stated on Monday that in Q2 it would borrow $30B instead of the initially estimated $83B because of changes in "fiscal activity".
Toyota Motor Corp stated on Monday that from 2022 it would start producing Lexus NX vehicle for the North American market in Canada.